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Trump says orders blockade of 'sanctioned' Venezuela oil tankers
Trump says orders blockade of 'sanctioned' Venezuela oil tankers
by  AFP

US President Donald Trump announced Tuesday a blockade of "sanctioned oil vessels" heading to and leaving Venezuela, sharply escalating his pressure campaign against Caracas while issuing new demands for the country's crude. "Today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela," Trump wrote on his Truth Social platform Tuesday evening.

Tepid 2026 outlook dents Pfizer shares
Tepid 2026 outlook dents Pfizer shares
by  AFP

Pfizer signaled Tuesday it expects a challenging 2026 as it invests in new products to offset declines in Covid-19 revenues while limiting shareholder payouts. The drugmaker expects a drop of $1.5 billion in 2026 revenues tied to lower Covid-19 sales and the decline of another $1.5 billion from products experiencing a loss of exclusivity.

VW stops production at German site for first time
VW stops production at German site for first time
by  AFP

The last car rolled off the production line at a Volkswagen site in Dresden on Tuesday, marking the first time in company history that it has stopped production at a German factory as cost cuts bite.

US unemployment rises further, hovering at highest since 2021
US unemployment rises further, hovering at highest since 2021
by  AFP

The US jobless rate picked up again in November, hovering at its highest level in four years, official data showed Tuesday in a report underscoring a labor market cooldown in the world's biggest economy. There was no October jobless rate as officials were unable to retroactively collect data after the shutdown, which lasted until November 12.