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Trump calls for $1.5 trillion military budget in 2027, up from $901 bln in 2026
Trump says tariff revenues would pay for spending hikeExperts say increase would increase debt, cost trillions of dollarsLast such surge in spending came during Korean WarBy Costas Pitas and Andrea Shalal WASHINGTON, Jan 7 (Reuters) - President Donald Trump said on Wednesday the 2027 U.S. militar...Reuters
Thu, Jan 8
WRAPUP 8-US seizes Russian-flagged tanker, another tied to Venezuela as Trump widens oil push
US boarded tanker that escaped blockade and put up Russian flagUS also seized second Venezuela-linked tanker Venezuela's main buyer China denounces US 'bullying'Oil prices fall on anticipated supply increaseBy Idrees Ali, Phil Stewart and Marianna Parraga WASHINGTON, Jan 7 (Reuters) -...Reuters
Thu, Jan 8
Musk lawsuit over OpenAI for-profit conversion can head to trial, US judge says
Musk claims OpenAI violated its founding mission in restructuring to a for-profit entityOpenAI denies claims, calls Musk's lawsuit baselessMusk was a co-founder of OpenAI, now runs a rival AI companyBy Mike Scarcella WASHINGTON, Jan 7 (Reuters) - Billionaire entrepreneur Elon Musk persuaded a...Reuters
Thu, Jan 8
CORRECTED-Ford to offer its first eyes-off driver-assistance system in 2028
Ford's Level 3 system to debut on new electric vehicle platform in 2028System will be available for additional, undetermined fee Company looks to reduce cost, improve speed and quality by building in-houseBy Nora Eckert and Abhirup Roy LAS VEGAS, Jan 7 (Reuters) - Ford Motor F.N said on Wedne...Reuters
Thu, Jan 8
Lilly moves beyond blockbuster obesity drugs with $1.2 billion Ventyx buy
Jan 7 (Reuters) - Eli Lilly LLY.N will buy autoimmune drug developer Ventyx Biosciences VTYX.O for $1.2 billion in cash, the companies said on Wednesday, marking the Zepbound maker's latest push to expand beyond its blockbuster diabetes and weight-loss drugs.Ventyx is developi...Reuters
Thu, Jan 8
Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
Deal to ship Venezuela oil to US set to redirect oil flowsVenezuelan oil used by China refiners, near-term demand coveredChinese independents likely to tap other sanctioned oilOffers for Venezuelan Merey crude from Chinese buyers rise this weekBy Siyi Liu and Florence Tan SINGAPORE, Jan 7 (ReuterReuters
Thu, Jan 8
Trump says he will meet with Colombia's Petro after call
Jan 7 (Reuters) - U.S. President Donald Trump said arrangements are being made for him to meet with Colombia's President Gustavo Petro at the White House in Washington after the two spoke on Wednesday.In a post on Truth Social, Trump said Petro called "to explain the situation of drugs and o...Reuters
Thu, Jan 8
Quantum planning Lukoil asset deal that could involve Chevron, source says
Jan 7 (Reuters) - Private equity group Quantum Energy Partners is working on a bid that could involve U.S. oil major Chevron CVX.N for the international assets of Russian oil major Lukoil LKOH.MM, a source familiar with the matter said.Quantum is planning the move through its newly formed upstream a...Reuters
Wed, Jan 7
China reviews Meta's purchase of AI startup Manus, FT reports
Chinese officials are reviewing Meta's META.O $2 billion acquisition of artificial intelligence startup Manus for possible technology control violations, the Financial Times reported on Tuesday, citing two people familiar with the matter.Reuters
Wed, Jan 7
Japan says China's dual-use export ban 'unacceptable', rare earths in crosshairs
Japan's top government spokesperson said on Wednesday that China's ban on exports of dual-use items to the country was "absolutely unacceptable and deeply regrettable", as a diplomatic dispute between Asia's top two economies ramped up.Reuters
Wed, Jan 7
Hyundai Motor shares rise 15% to hit record high amid Nvidia tie-up speculation
Shares of Hyundai Motor 005380.KS rallied on Wednesday by as much as 14.9% to hit a record high in morning trade, outperforming the benchmark KOSPI's .KS11 1.2% gain amid market speculation about a potential deeper tie-up with Nvidia.Reuters
Wed, Jan 7
India is still buying Russian oil while asking the U.S. to remove a 25% tariff
India is still buying Russian oil while asking the United States to remove a 25% tariff placed on Indian goods. At the same time, New Delhi has been telling Washington that volumes have fallen. Both tracks are running together. The request reached the White House through political channels. On Sunday, U.S. Senator Lindsey Graham said […]Cryptopolitan
Wed, Jan 7
CNBC is bullish on XRP because it is targeting banks and cross-border payments
Wall Street media CNBC TV is calling XRP the standout crypto trade of 2026, saying its ahead of Bitcoin and Ether in recent market focus. During a segment after the bell last night, MacKenzie Sigalos, CNBC’s finance and techn correspondent, pointed out that the Ripple-backed token surged more than 20% in one week, overtook BNB, […]Cryptopolitan
Wed, Jan 7
Stocks slip from AI-driven record highs, currencies on the defensive
Emerging Asia shares declined for the first time in 2026 on Wednesday, after an artificial intelligence-led rally drove most benchmarks to record peaks, while currencies extended losses as the U.S. dollar held its gains ahead of key economic data.Reuters
Wed, Jan 7
