news

Saturday, August 29

World

US campaign to isolate Iran closes in on DubaiFT · 20m

The United States' effort to economically isolate Iran is increasingly targeting Dubai, a Gulf city that has long functioned as an offshore centre for Iranian financial services, trade and a gateway to global markets essential to the regime. Officials say the campaign aims to cut off the channels that have allowed Tehran to bypass sanctions. Dubai's role as a conduit for Iranian commerce has drawn scrutiny as Washington steps up pressure on the network of intermediaries that support Iran's access to international finance.

What the Indiana state fair reveals about Trump’s AmericaFT · 2h

An editorial titled “What the Indiana state fair reveals about Trump’s America” asks whether Indiana, described as “the most ornery state in the conservative Midwest,” might turn away from former President Donald Trump’s politics. The piece links the state fair’s atmosphere to broader political trends in the region.

‘In a flash, everything was gone’: Nepal rushes to rescue flood survivorsFT · 4h

Heavy rains and a sudden torrent swept through settlements along Nepal’s border with China, destroying roads, bridges and other infrastructure and leaving hundreds of residents stranded. Nepalese authorities have launched rescue operations, while neighbouring India has dispatched a 62‑tonne aid convoy and rescue teams to assist. International media report that the disaster has also prompted searches for hundreds of missing persons and heightened concerns about further flooding. The scale of the damage has forced some rescue personnel to withdraw to safety as the threat of additional flash floods persists.

Risk of a new age of financial repression is risingFT · 5h

Concerns are mounting that U.S. government bonds could increasingly be directed toward investors, a strategy viewed by some as a form of financial repression. The notion of “pushing” these bonds onto the market is gaining traction among analysts, who warn it may signal the start of a new era of constrained investment options.

Football clubs’ race for data creates bright spot in Britain labour marketFT · 5h
How Xi Jinping Turned Oil From a Weakness Into a Geopolitical WeaponWSJ · 6h

China’s crude oil reserves have increased its influence over the global oil market, providing the country with significant leverage. According to the publisher’s summary, these reserves now also serve as a critical new defense against the West.

Drain on U.S. Munitions From Iran War Raises Fears Over Ability to Deter China, RussiaWSJ · 8h
Singapore Found a Way to Beat Gridlock, but Some Cars Cost as Much as Real EstateWSJ · 10h

Singapore has introduced measures that have helped ease the city‑state’s notorious gridlock, but the relief comes with a steep price tag for would‑be motorists. Certificates required to own a car have surged in cost, pushing the price of some vehicles up to levels comparable with real‑estate. The sharp rise in ownership fees is forcing drivers to weigh difficult choices about whether to purchase a car at all.

Claudia Sheinbaum Is Taking More Control as U.S. Pressures MexicoWSJ · 11h

Mexico’s left‑wing president, Claudia Sheinbaum, has dismissed a state governor whom the United States has accused of drug‑trafficking. The removal also sidelines a prominent ally of the president’s mentor.

Death Toll Rises as Rescuers Search for Victims of Nepal FloodWSJ · 11h

More than 2,480 people remain missing and at least 584 have been confirmed dead after devastating floods struck the Nepal‑China border region on Wednesday. Rescue teams continue to search the disaster zone, retrieving survivors covered in mud while expanding operations amid rising casualties. Various reports note that the death toll has climbed steadily, with some sources indicating the number of missing could exceed 2,400. Authorities have intensified rescue efforts, though the scale of the disaster has prompted concerns about the ability to locate all victims. The situation remains critical as officials assess the full impact of the flooding.

A Core Egyptian Bank Gets Caught Up in Treasury’s Iran CrackdownWSJ · 13h
Oil Futures End Week Lower As More Oil Seen MovingWSJ · 13h

Business

As Deadly Flash Flooding Batters Nepal, Some Fear ‘the Entire Himalayas Are Melting’NYT · 12m
Catastrophic Flood Exposes the Risks of Nepal’s Hydropower BetNYT · 12m
High Debt and Rising Prices Catch Up to Trump, as Midterms NearNYT · 14m
“The Invisible Hand of Maria Edgeworth”: An Economist, ErasedNYT · 14m
Glencore threatened with $1.4bn lawsuit from embattled trader RadiantFT · 5h
The end of cheap food has costs far beyond the grocery storeFT · 5h
Airbus seeks US space unit sale as it shifts to European-built satellitesFT · 5h
Fancy lattes whip up their own mini investment boomFT · 5h
Did AI write this? It’s getting harder to tellFT · 5h
Trump Says U.S. Has Deal for Control of Large Share of Venezuela’s OilNYT · 7h
Walmart to Pay $50 Million to Settle Opioid Lawsuit, US SaysNYT · 8h
Power, Betrayal and the Fall of Leon BlackWSJ · 8h

Markets & Economy

World Economy Latest: US Inflation Stays Stubborn, Spending StallsBBG · 16m
Turkey’s Markets Regulator Tightens Rules for Hedge FundsBBG · 2h

Turkey’s markets regulator has introduced new rules that restrict hedge funds’ exposure to related parties and impose caps on concentrated investments. The measures aim to curb abnormal returns that have drawn repeated warnings from global index providers. By tightening limits on how much hedge funds can invest in single entities and related parties, the regulator seeks to enhance market stability and address concerns raised by international rating agencies. The changes are part of a broader effort to improve transparency and reduce systemic risk in Turkey’s financial markets.

Vietnam Restates Readiness for ‘Constructive’ US Trade TalksBBG · 4h
John Healey Seeks Drama-Free UK Budget as Economic Heat Rises on BurnhamBBG · 4h
Glencore threatened with $1.4bn lawsuit from embattled trader RadiantFT · 5h
Risk of a new age of financial repression is risingFT · 5h

Concerns are mounting that U.S. government bonds could increasingly be directed toward investors, a strategy viewed by some as a form of financial repression. The notion of “pushing” these bonds onto the market is gaining traction among analysts, who warn it may signal the start of a new era of constrained investment options.

FT stock picking game results: the unexpected triumph of fundamentalsFT · 5h
Australian Minister Denies Softer Stance on Data Center PowerBBG · 6h
Trump says US to take control of 65bn barrels of Venezuelan oilFT · 9h

President Donald Trump announced that the United States will assume control of roughly 65 billion barrels of Venezuelan oil. He described the arrangement as a joint venture between the two countries and said it is intended to lower gasoline prices for American consumers. No additional details about the terms of the agreement or its implementation timeline were provided.

Indian Bank Stocks Show Widest Exchange Price Gap in DecadesBBG · 9h
Finance Chief Says Colombia Must Slash Spending or Face ‘Abyss’BBG · 9h
Wall Street Week | Debt & Consequences, Defying Fiscal Gravity, Hollywood Gets DemocratizedBBG · 10h

Tech

Could AI revive the socialist dream?FT · 5h
Did AI write this? It’s getting harder to tellFT · 5h
FT stock picking game results: the unexpected triumph of fundamentalsFT · 5h
I Let Google’s Personal Intelligence Access My Life—and It’s a Huge HelpWSJ · 13h
China’s actors written out of dramas as AI doubles ready to take their rolesFT · 13h
Neoclouds show how to amplify risks in AI ecosystemsFT · 15h
Should You Use AI for Mental Health?WSJ · 16h
Privacy vs. Security: Readers Clash Over Flock License-Plate CamerasWSJ · 17h
Andreessen Horowitz Launches ‘Machine Age’ Fund to Tackle AI Supply BottlenecksWSJ · 20h
AI Is Putting Pressure on the Corporate IT BudgetWSJ · 20h
South Korea’s ‘AI for All’ Push Gives Free Access to Every CitizenWSJ · 1d
Nvidia Insists It Can Keep Printing Money to Fund the AI BoomWSJ · 1d

Reforma

Detienen a presunto operador de 'Los Chapitos' en MexicaliNacional · 8h
Reduce VW Puebla un turno y plazas por 'contexto desafiante'Negocios · 8h
Cita Jueza a Ojeda y FGR ¡no lo halla!Portada · 22h

La jueza encargada del proceso judicial convocó a declarar como testigo a Rafael Ojeda, exsecretario de Marina, en la audiencia relacionada con el contralmirante Farías. La citación fue emitida para que Ojeda compareciera y aportara su versión de los hechos. Sin embargo, la Fiscalía General de la República informó que no logró localizar al exsecretario y, por tanto, no se contó con su testimonio en la sesión. La falta de localización de Ojeda mantiene pendiente su comparecencia ante el tribunal.

Saltan en audiencia Andy y AdánPortada · 22h

Durante la audiencia conducida por el magistrado Fernando Farías, los nombres de Adán Augusto López y de una persona identificada como Andy fueron citados en las declaraciones presentadas. Ambos fueron mencionados en el marco de una investigación que explora una supuesta trama de huachicol fiscal, es decir, la sustracción ilícita de combustibles con implicaciones tributarias. La referencia a López y a Andy se limitó a los testimonios recabados en esa sesión, sin que se haya divulgado información adicional sobre su participación o sobre el avance del proceso judicial.

Urgen elevar sanciones por despojo inmobiliarioPortada · 22h

Especialistas en derecho y seguridad han instado a los congresos locales y al Congreso de la Unión a endurecer las penas previstas para el delito de despojo inmobiliario en México. Según sus planteamientos, el aumento de sanciones sería una medida clave para frenar la creciente ola de ocupaciones ilegales y violaciones a la propiedad privada. Los expertos señalan que la normativa actual resulta insuficiente para disuadir a quienes perpetran el despojo, y demandan una reforma legislativa que establezca penas más severas y una aplicación más rigurosa de la ley.

Perfila CSP restricción de celulares en escuelasPortada · 22h

La presidenta Claudia Sheinbaum anunció ayer la prohibición del uso de teléfonos celulares en todas las escuelas del país, con el objetivo de impulsar una educación basada en el método tradicional de papel y lápiz. La medida forma parte de una iniciativa que busca reducir la dependencia tecnológica en el aula y fomentar la concentración y el aprendizaje mediante recursos analógicos. Sheinbaum indicó que la restricción será implementada de forma gradual y que se acompañará de campañas de concientización dirigidas a estudiantes, docentes y padres de familia.