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Economy



Cuba's oil lifeline jeopardized after 32 officers die in Venezuela

Cuba announced Tuesday the deaths of 32 military officers killed during the U.S. operation in Venezuela that captured President Nicolás Maduro, as the island nation braces for the potential collapse of its primary energy source and deepening economic crisis. The Cuban government released names,......

Trump seizes Venezuelan oil, threatening Chinese debt

China faces mounting losses as President Donald Trump moves to redirect Venezuelan oil exports away from Beijing, jeopardizing billions in unpaid debt and eroding Chinese influence across Latin America. Trump announced Tuesday that Venezuela will hand over 30 to 50 million barrels of oil to the United......

Markets shrug off Venezuela intervention despite oil transfer

Financial markets have shown a surprisingly muted response to the U.S. military intervention in Venezuela and President Donald Trump's announcement that the country will transfer up to 50 million barrels of oil under American control. Some analysts warn investors may be underestimating the geopolitical......

Burry warns markets underestimate Venezuela raid's global impact

Investor Michael Burry, famed for foreseeing the 2008 financial crisis, argues that financial markets are dramatically underplaying the ramifications of the United States' bold military operation in Venezuela. He contends that the muted response in oil prices and stock movements conceals a seismic......

Trump announces Venezuelan oil transfer of up to 50 million barrels to US

President Donald Trump announced on Monday that Venezuela’s interim authorities will transfer between 30 and 50 million barrels of oil to the United States, to be sold at market prices with the proceeds controlled by Trump for the benefit of both nations. The move comes just days after a US military......

Global stock markets hit record highs across all continents

Stock markets around the world reached unprecedented levels on Tuesday 6 January 2026 as investors brushed aside geopolitical turbulence from a recent US military operation in Venezuela and extended a strong start to the year across multiple continents. The rally reflected broad based optimism about......

Western sanctions leave 500 million dollars of Telegram bonds frozen in Russia

Around 500 million dollars of Telegram bonds remain frozen at Russia’s National Settlement Depository because of Western sanctions imposed after the 2022 invasion of Ukraine, underscoring the messaging app’s ongoing financial exposure to Russian capital markets despite founder Pavel Durov’s......

Copper hits record high on supply fears and tariff worries

Gold and silver prices surged on January 5 after the U.S. military captured Venezuelan President Nicolás Maduro, as investors rushed to precious metals amid heightened geopolitical uncertainty. Spot gold climbed 2.7% to $4,444.52 per ounce, while silver jumped 4.6% to $75.90 per ounce, kicking......

Oil falls to four year low as global glut deepens

Oil prices have dropped to their lowest level in nearly four years, with Brent trading around 61 dollars a barrel on 6 January 2026, capping a historic slide driven by one of the largest supply surpluses in two decades. The December 2025 monthly average of 63 dollars a barrel was the weakest since early......

Venezuelan president Maduro pleads not guilty after US special forces raid

Venezuelan President Nicolás Maduro and his wife pleaded not guilty Monday in a Manhattan federal court to drug trafficking charges, just two days after US special forces captured the couple in a dramatic raid on Caracas that sent shockwaves through global markets. Dubbed "Operation Absolute......

Russia shields sanctioned tankers from US seizures with new flags

A rising number of Western-sanctioned oil tankers have switched to the Russian flag in recent weeks to dodge American seizures, including at least three vessels operating near Venezuela that reregistered in Russia since late December. The standout case involves the Bella 1, renamed Marinera and listed......

Goldman Sachs warns AI will speed job cuts in 2026

Companies gear up to ramp up layoffs through 2026 as artificial intelligence shifts from experimental trials to large-scale operational automation, according to a fresh Goldman Sachs analysis released this week. Even with stable economic outlooks, the investment bank cautions firms increasingly trim......

Oil markets shrug off Venezuela raid amid supply glut

Oil prices dipped Monday despite the U.S. military operation that nabbed Venezuelan President Nicolás Maduro over the weekend, as traders weighed potential supply hits against a global market already awash in crude. Brent futures slid 0.6 percent to $60.38 per barrel, West Texas Intermediate easing......

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