Category: finance
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Intel Faces Scrutiny After Testing Chipmaking Tools Linked to Sanctioned China-Based Units
Intel is under renewed national-security scrutiny after it emerged that the U.S. chipmaking giant tested semiconductor-manufacturing tools from ACM Research—a company with long-standing ties to China and two subsidiaries previously hit with American sanctions. According to sources familiar with the matter, Intel evaluated two ACM wet-etch tools earlier this year for potential integration into its
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Crypto Entrepreneur Do Kwon Sentenced to 15 Years for $40 Billion TerraUSD Collapse
Do Kwon, the South Korean co-founder of Terraform Labs, has been sentenced to 15 years in federal prison for orchestrating one of the largest cryptocurrency frauds in history. The collapse of his digital currencies, TerraUSD (UST) and Luna, wiped out an estimated $40 billion (£29.9 billion) in investor funds, prompting widespread financial fallout and a
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Venezuela’s Oil: Trump’s True Motives Under Scrutiny
Venezuelan President Nicolás Maduro claims that escalating pressure from the United States is primarily motivated by Washington’s desire to seize Venezuela’s vast oil reserves. Recent US military actions, including the seizure of an oil tanker allegedly carrying Venezuelan crude in violation of sanctions, have intensified the debate over America’s real goals in the South American
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US Federal Reserve Cuts Interest Rates in Final Decision of 2025
The United States Federal Reserve has lowered its benchmark interest rate by a quarter of a percentage point, marking the third and final rate cut of 2025. The central bank reduced the target range to 3.50–3.75 percent, citing slowing job growth, limited economic data, and persistent inflationary pressures. Reasons Behind the Fed’s Interest Rate Cut
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India Continues Russian Oil Imports Despite US and EU Sanctions
New Delhi, India – India plans to keep buying discounted Russian crude oil, despite sanctions imposed by the United States and Europe targeting major Russian oil companies like Rosneft and Lukoil. Indian Prime Minister Narendra Modi met Russian President Vladimir Putin at the Russia-India annual bilateral summit on December 5, 2025. Putin assured India of
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China’s Trade Surplus Hits $1 Trillion Amid Export Boom Despite US Tariffs
Beijing, China – China’s trade surplus has reached an unprecedented $1 trillion for the first time, marking a historic milestone in its role as the world’s leading exporter. The latest data from China’s General Administration of Customs shows that in the first 11 months of 2025, the country’s exports totaled $3.4 trillion, while imports slightly
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Federal Reserve to Release New Economic Projections Amid Volatile Year
The U.S. Federal Reserve is set to release updated economic projections on Wednesday, marking the conclusion of a turbulent year for the American economy. These projections, scheduled alongside a new Fed policy statement at 2 p.m. EST (1900 GMT), are expected to provide a crucial roadmap for the central bank’s next steps on interest rates,
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German Union IG Metall Threatens to Pull Support Over Dassault’s Role in FCAS Fighter Jet Programme
Germany’s powerful IG Metall union has escalated tensions in the Franco-German Future Combat Air System (FCAS) project, warning that it will cease cooperation if French aerospace giant Dassault Aviation remains involved. The announcement comes ahead of critical ministerial talks scheduled for Thursday, aimed at resolving a growing deadlock in the €100 billion ($116 billion) fighter
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U.S.-Indonesia Trade Deal at Risk as Jakarta Backtracks on Commitments
A U.S. trade agreement with Indonesia, finalized in July 2025, is reportedly at risk of collapse due to Indonesia’s apparent backtracking on key commitments, according to a U.S. official speaking on condition of anonymity. The official confirmed that Jakarta is reneging on aspects of the deal, although specific details of the contested commitments were not
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Federal Reserve Expected to Cut Rates, But May Signal Pause Amid Economic Uncertainty
The U.S. Federal Reserve is widely expected to announce a quarter-point interest rate cut on Wednesday, as policymakers weigh the impacts of recent economic disruptions, including the 43-day government shutdown, and debate the risks facing the economy heading into 2026. The anticipated 25 basis point reduction could come alongside a cautious, or even hawkish, signal
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