6 h. ago U.S. to end Venezuela oil export permit, cutting financial lifeline

The administration of President Joe Biden authorized the license in 2022 after Maduro agreed to work with Venezuela’s political opposition toward a democratic election.

Economics

7 h. ago Trump cuts financial lifeline for Venezuela’s government by ending permit to export oil to US

CARACAS, Venezuela (AP) — A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this week, President Donald Trump announced Wednesday, ending what became a financial lifeline for the South American country. Trump’s announcement in his Truth Social network accused the government of […]

Politics

18 h. ago Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit

HONG KONG (AP) — Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday. Finance Secretary Paul Chan said during a budget speech that there would be a “cumulative reduction” of government recurrent expenditure by 7% from now until […]

Other

20 h. ago Thailand Surprises With Rate Cut as Risks to Growth Increase

The Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and public calls for lower borrowing costs from both the prime minister and the International Monetary Fund.

Other

26 h. ago Tax Cut Chances Rise as House Passes Budget Targeting Safety Net

Chances for early action on Donald Trump’s tax cut plans improved as House Republicans passed a budget blueprint Tuesday calling for deep cuts in safety-net programs such as Medicaid.

Economics

28 h. ago China Must Cut 15% of Steel Capacity to Meet 2025 Climate Goals

China needs to tackle its steel glut by cutting 15% of capacity this year, if mills are to meet their 2025 climate goals and return to profitability, according to clean energy analysts.

Society

35 h. ago German Energy Firms Urge Berlin to Cut Gas Storage Goal to 80%

German utilities are pushing authorities to lower the country’s gas storage target for next winter to 80%, a move that could help ease Europe’s market tensions after inventories were depleted faster than usual this season.

Economics

42 h. ago Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency. […]

Other

3 d. ago BOK May Resume Rate Cuts as Fiscal Aid in Limbo: Decision Guide

The Bank of Korea is widely expected to resume its easing cycle this week in the absence of early fiscal stimulus, supporting the economy against Donald Trump’s tariff war that has already weighed on business and consumer confidence dented by political turmoil.

Other

5 d. ago DOGE Restores 9/11 Survivor Program Cuts, Hiring Back Workers

The Trump administration walked back cuts to a health program for 9/11 first responders and survivors, restoring research grants and the jobs of laid-off workers.

Society

5 d. ago DOGE Restores 9/11 Survivor Program Cuts, Hires Back Workers

The Trump administration walked back cuts to a health program for 9/11 first responders and survivors, restoring research grants and the jobs of laid-off workers.

Society

5 d. ago US Inflation Seen Higher, Fed Cuts Later in Economist Survey

Economists see the Federal Reserve’s preferred inflation metric rising at a brisker pace in the near term, prompting policymakers to keep interest rates elevated for longer.

Economics

5 d. ago Staff cuts and shifting priorities hit refugee philanthropy after Trump administration’s orders

MIAMI (AP) — The Trump administration’s 180-degree turn on refugee policy has forced the philanthropic sector to refocus its resettlement services. The nonprofits tasked with identifying American sponsors and connecting recent arrivals with on-the-ground necessities say they are making the most of limited resources. But the suspension of their federal funding has brought whiplash after […]

Politics

8 d. ago Nova Scotia budget includes resource exploration, tax cuts amid tariff threats

The province is looking to diversify its economy in areas such as critical minerals, wind power and hydrogen, said Lohr

Economics

8 d. ago Bank of Canada could skip March rate cut: Economists on the latest inflation numbers

Policymakers find themselves in an awkward position. some say

Economics

9 d. ago Australian central bank cuts benchmark interest rate for the first time since October 2020

MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. The Reserve Bank of Australia reduced the cash rate by a quarter percentage point from 4.35% to 4.1%. at its first board meeting for the year. The cut was […]

Other

9 d. ago Fed’s Waller Favors Pausing Rate Cuts Until Inflation Bump Fades

Federal Reserve Governor Christopher Waller said recent economic data support keeping interest rates on hold, but if inflation behaves as it did in 2024, policymakers can get back to cutting “at some point this year.”

Economics

9 d. ago UK Public Services Brace for Cuts of Up to 11% to Fund Defense

Some UK government departments are bracing for budget cuts of as much as 11% as Prime Minister Keir Starmer comes under mounting pressure to plow more money into defense.

Events