A massive flood struck northern Nepal and China’s Tibetan region, leaving more than 3,000 people missing. Nepal has suggested that China might have been able to issue an advance warning of the disaster. Beijing has rejected that claim, saying it had no opportunity to provide such a warning. Both sides have not detailed the cause of the flooding, and rescue efforts continue in the affected areas.
U.S. tariffs on machinery have weakened backing for conservative candidates in Brazil’s presidential election, hitting a region known as a right‑wing stronghold. The levies are reported to have undermined support for those candidates ahead of the vote.
The risk of entering a new era of financial repression is said to be increasing, as the concept of compelling investors to absorb U.S. government bonds gains traction. Observers note that the notion of “pushing U.S. government bonds down the throats of investors” is being taken more seriously, suggesting a shift toward policies that could limit investment choices and keep yields low. The growing attention to this approach signals heightened concern over the potential for a sustained period of constrained financial markets.
A new biography examines the career of attorney Roy Cohn, charting his rise from chief counsel to Senator Joseph McCarthy to his later role as a mentor to former President Donald Trump. The work argues that Cohn’s tactics and approach have left a lasting imprint on contemporary American politics, shaping the conduct of political figures and the broader political climate. The author describes Cohn’s influence as a “long shadow” that continues to affect the operations of the White House and the nation’s political discourse.
A truck carrying roughly 40,000 pounds of Pabst Blue Ribbon beer was reported stolen. The brewer announced on its social‑media channels that it has set a deadline for the return of the missing product. In its statement the company added, “P.S., this is real and we are deadly serious.” No further details about the theft, the location of the incident or any investigation have been released.
President Donald Trump announced that the United States has reached an agreement with Venezuela that gives the two countries control over more than 65 billion barrels of Venezuelan oil reserves. He said the deal covers the extensive reserves and will be implemented through a partnership that includes a private company, according to a U.S. official who briefed the press. The official did not disclose the name of the private firm or provide further details about the terms of the arrangement. No additional information about the timeline or operational aspects of the partnership was released.
Singapore‑based iron ore trader Radiant has warned that Glencore faces a $1.4 billion lawsuit. Radiant, which has been battling a liquidity squeeze, said the legal action stems from a dispute with the commodities giant. The case adds to the financial pressures confronting the trader.
Singapore‑based iron ore trader Radiant has warned that Glencore faces a $1.4 billion lawsuit. Radiant, which has been battling a liquidity squeeze, said the legal action stems from a dispute with the commodities giant. The case adds to the financial pressures confronting the trader.
The risk of entering a new era of financial repression is said to be increasing, as the concept of compelling investors to absorb U.S. government bonds gains traction. Observers note that the notion of “pushing U.S. government bonds down the throats of investors” is being taken more seriously, suggesting a shift toward policies that could limit investment choices and keep yields low. The growing attention to this approach signals heightened concern over the potential for a sustained period of constrained financial markets.
Private‑equity firm Advent and payments fintech Stripe have withdrawn their proposal to take PayPal private in a deal valued at about $50 billion. The abandonment ends the discussions that had been reported around the potential transaction. No further details on the parties’ next steps were provided.
Apollo is set to acquire a co‑controlling stake in private‑jet fixed‑base operator Atlantic Aviation from KKR. The transaction values Atlantic Aviation at $10 billion. Under the deal, Apollo will obtain a share that gives it joint control of the company, while KKR will retain an ownership interest. The acquisition marks a significant investment in the business‑aviation services sector.
Fujia Group, a Chinese conglomerate, is reportedly weighing a sale of its majority stake in Hexie Health Insurance. The consideration of the transaction has been noted without further details on timing, potential buyers or valuation. No official comment has been released by either company.
Court documents indicate that Rupert Murdoch’s plan to eventually merge Fox Corp with News Corp may be revived, according to filings referenced by several media outlets. The prospect of a Fox‑News Corp reunion has prompted a decline in Fox Corp’s share price, while company officials have said no merger is currently under way. The renewed attention follows News Corp’s recent record‑quarter earnings report, which has spurred speculation about a possible re‑combination of the two Murdoch‑controlled entities. The filings and market reaction have been reported by Indian Television Dot Com, TIKR.com, idnfinancials.com, AD HOC NEWS and Whalesbook.
Socure, an identity verification startup, announced a Series E extension financing of $156 million that values the company at $5.2 billion. The round was led by Summit Partners. In conjunction with the funding, Socure said it will acquire Fravity, a platform that provides agentic compliance and risk‑operations capabilities. The acquisition is intended to broaden Socure’s product portfolio and strengthen its offering in compliance and risk management for its customers. The capital is expected to fund product development and international growth initiatives. No other terms of the deal were disclosed.
Atorie, a startup that uses artificial intelligence to develop fashion products, announced the closing of a $9.5 million seed financing round. The round was led by a16z Speedrun and also included participation from Night Capital and Jeremy Liew of Lightspeed. The funding will be used to advance the company’s AI‑driven design and production capabilities.
La Secretaría de la Defensa Nacional informó que Estados Unidos inhabilitó tres drones que traficantes de personas utilizaban para vigilar a las autoridades en la frontera con México. Según el comunicado, los dispositivos fueron desactivados en territorio estadounidense, impidiendo su uso para la observación de operativos de seguridad fronteriza. La medida forma parte de los esfuerzos para contrarrestar las actividades de los grupos dedicados al tráfico migratorio.