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What next for Venezuela as Trump goes after oil revenues?
What next for Venezuela as Trump goes after oil revenues?
by  AFP

President Donald Trump has revoked the licenses that allowed several transnational oil and gas companies to operate in Venezuela despite the country being under US sanctions. The cancellation of the licenses will prevent PDVSA from using oil to pay the foreign energy companies for gas, as it had been doing, Morillo explained.

OpenAI says it raised $40 bn at valuation of $300 bn
OpenAI says it raised $40 bn at valuation of $300 bn
by  AFP

OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. OpenAI has been riding on the success of its latest image-generation features in ChatGPT, the world-leading AI app and chatbot.

Falling inflation drives down poverty in Argentina: statistics agency
Falling inflation drives down poverty in Argentina: statistics agency
by  AFP

Argentina's poverty levels fell sharply in the second half of 2024 after leaping during the first months of Javier Milei's presidency, official figures showed Monday. The figures represent a dramatic improvement for the libertarian Milei, whose draconian austerity policies were blamed for driving up the poverty rate to 52.9 percent of the population in the first six months of 2024.

Trump confident in finding TikTok buyer before deadline
Trump confident in finding TikTok buyer before deadline
by  AFP

President Donald Trump again downplayed risks that TikTok is in danger of being banned in the United States, saying he remains confident of finding a buyer for the app's US business by a Friday deadline. When the last deadline passed, in January, TikTok temporarily shut down in the United States, to the dismay of millions of users. bur-arp/mlm

Spain coal mine blast kills five
Spain coal mine blast kills five
by  AFP

Five people died and another four were seriously injured in a blast Monday at a coal mine in northern Spain's Asturias region, the nation's deadliest mining accident in decades. This is the deadliest mining accident in Spain since 1995 when 14 people died following an explosion at a mine in Asturias near the town of Mieres.

China property giant Vanke reports annual loss of $6.8 bn
China property giant Vanke reports annual loss of $6.8 bn
by  AFP

Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive the housing market. Chinese authorities were mulling plans to help Vanke plug a funding gap of $6.8 billion this year, Bloomberg News reported last month.

World economies brace for Trump tariffs ahead of deadline
World economies brace for Trump tariffs ahead of deadline
by  AFP

World economies were jittery Monday ahead of US President Donald Trump's "Liberation Day" when he is set to unleash tariffs against multiple countries, risking global turmoil to redress what he says are unfair trade imbalances. Trump insists that reciprocal tariffs are needed because the world's biggest economy has been "ripped off by every country in the world."