Chevron to invest more than $7bn in Venezuela expansion and new Orinoco acreage
Chevron has said it will invest more than $7bn in its Venezuela joint ventures as it expands its operations in the country's Orinoco Belt. The company said the plan will allow it to double production to about 600,000 barrels per day over the next five years. It also said it has been assigned additional acreage and will extend its Petroindependencia joint venture into two adjacent areas in the Carabobo region.The announcement was made on Wednesday and comes as the company says it remains the only US oil firm with a major presence in Venezuela. Chevron chief executive Mike Wirth said... [Continue Reading]
360LiveNews | 02 Sep 2026 18:30 LONDON
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Egyptian exports to China jump 200% to $840.8 million in first half of 2026
Egyptian exports to China rose by approximately 200% year-on-year to $840.8 million in the first six months of 2026, according to data from Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS). The figure compares with $280.5 million in the same period in 2025. CAPMAS said Egypt's imports from China increased by 14.3% to $10.4 billion in the first half of the year. Total bilateral trade reached $11.3 billion in the period, up 21.5% from $9.3 billion a year earlier. The data was released as Chinese President Xi Jinping made a two-day state visit to Egypt, his first in a... [Continue Reading]
Breaking-360LiveNews | 02 Sep 2026 17:30 LONDON
US energy secretary defends Venezuela oil deal in Caracas amid criticism
United States Energy Secretary Chris Wright has defended a new oil arrangement with Venezuela after arriving in Caracas on Tuesday night, saying it represents an "absolutely historic transformation" in relations between the two countries. Wright rejected suggestions that Washington was trying to "take" Venezuelan oil, after criticism that the deal amounts to heavy-handed pressure on the South American country. The trip comes four days after Donald Trump announced what he called the "biggest oil deal in world history".Wright said the agreement was part of Trump's plan to "replace conflict with commerce", while the White House said the deal would help... [Continue Reading]
360LiveNews | 02 Sep 2026 16:36 LONDON
Xi urges Middle East states to oppose external interference during rare Egypt visit
Chinese President Xi Jinping has called on Middle East countries to oppose external interference and to shape their own security arrangements during a rare visit to Egypt. The remarks came during talks in Cairo with Egyptian President Abdel Fattah al-Sisi, Xi's first visit to the country in a decade. The meeting took place at the Ittihadiya Presidential Palace in the Egyptian capital, where Xi was greeted with a 21-gun salute.According to the supplied material, Xi said the people of the Middle East should be the masters of their own affairs and should support regional dialogue on peace and security. He... [Continue Reading]
360LiveNews | 02 Sep 2026 15:30 LONDON
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Russia raises utility tariffs again, adding to inflation pressure
Russia will raise utility tariffs by an average 15% from 1 October, in a move that is expected to add to inflation pressure in an economy already strained by war costs and sanctions. The increase is the second this year and will affect households across the country, with regional rises ranging from 8% to 22%. Moscow tariffs will rise by 15%, while St Petersburg will see an increase of 14.6%.The Bank of Russia has said the tariff rise will contribute noticeably to faster annual inflation. Its baseline forecast puts inflation at 6% to 7% in 2026, well above the central... [Continue Reading]
360LiveNews | 02 Sep 2026 10:33 LONDON
Canada and US trade tensions escalate as Carney warns Washington to take talks seriously
Canadian Prime Minister Mark Carney has said trade talks with the United States can only move forward if Washington takes the dispute more seriously. Speaking in Ottawa, he said US officials should stop what he described as mocking and dismissive behaviour and focus on substantive negotiations. His comments came as the two countries remain locked in a tariff dispute that has widened into a broader political confrontation.The latest escalation followed the collapse of negotiations on 22 August, when the United States imposed 50% tariffs on roughly $20bn worth of Canadian goods. Canada has said it will respond with retaliatory tariffs... [Continue Reading]
360LiveNews | 01 Sep 2026 21:59 LONDON
Fracked gas from Beetaloo Basin starts flowing into Northern Territory power grid
Fracked gas from the Beetaloo Basin has begun flowing into the Northern Territory power grid, marking a major milestone for the remote onshore gas project south of Darwin. The gas is now being used to help power homes and businesses across the territory. The development comes eight years after the NT moratorium on fracking was lifted.The project was switched on today, according to the supplied material, with government officials, gas company leaders, native title holders and the Northern Land Council expected to attend. NT Chief Minister Lia Finocchiaro said the gas would drive new investment across several sectors, create employment... [Continue Reading]
360LiveNews | 31 Aug 2026 22:05 LONDON
Trump calls Iran a failed nation and says its leadership should be tried for war crimes
President Donald Trump made multiple posts on Truth Social in the last hour: - "Iran is officially a Failed Nation. They have no Navy, they have no Air Force, they have no currency, they are not paying their soldiers or police, Inflation is at 300%, and their leadership is in total disarray and incapable of properly representing the country. The only thing they have is FAKE NEWS from the USA, a willingness to kill their protesters (now over 100, 000 people dead. They must be tried for war crimes against humanity!), and a good line of "BULLSHIT." Thank you for... [Continue Reading]
Breaking-360LiveNews | 31 Aug 2026 13:30 LONDON
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Syria and Libya reopen diplomatic ties after Tripoli talks
Syria and Libya have agreed to reopen Syria's embassy in Tripoli after 14 years, in a move that signals a reset in relations between the two countries. The agreement was reached during talks in the Libyan capital between Prime Minister Abdul Hamid Dbeibah and Syrian Foreign Minister Asaad Hassan al-Shaibani. The two sides also agreed to open a Syrian consulate in Benghazi and reactivate a bilateral coordination committee.According to the Libyan government statement, al-Shaibani arrived in Tripoli on Sunday for meetings with Libyan officials. The talks covered security cooperation, counterterrorism, consular services, and the status of prisoners, detainees and refugees... [Continue Reading]
360LiveNews | 30 Aug 2026 22:02 LONDON
Trump says US will begin refilling Strategic Petroleum Reserve with Venezuelan oil
President Donald Trump has said the United States will begin refilling the Strategic Petroleum Reserve shortly using oil linked to a newly announced deal with Venezuela. In a post on social media, he said the process would begin "very shortly" and described the Venezuelan oil as a "gift" to the American people. The statement comes as the reserve has been drawn down sharply in recent years and was reported to be near a 44-year low.Trump said the reserve had been made "virtually" empty, blaming former President Joe Biden for the decline. The reserve is the country's emergency crude stockpile and... [Continue Reading]
360LiveNews | 30 Aug 2026 17:29 LONDON
US-Venezuela oil deal announced as Caracas says it retains sovereignty over reserves
Venezuela has said it will retain sovereignty and ownership of its oil resources after the announcement of a 25-year agreement with the United States covering more than 65 billion barrels of proven reserves. In a televised address, interim President Delcy Rodriguez said the project would allow Venezuela to develop its oil industry while keeping control of its natural resources. She said the arrangement would involve 17 strategic oilfields and an initial production target of 1.5 million barrels per day.Rodriguez said $19 from every barrel sold to the United States would flow to Caracas under the deal, which she said could... [Continue Reading]
360LiveNews | 30 Aug 2026 05:29 LONDON
Dubai Property Market Faces Litmus Test as Nakheel Waterfront Investors Await Final Judicial Verdict
Hundreds of international and local investors who purchased land plots in Nakheel’s massive "Waterfront" project nearly two decades ago are holding their breath. Following the official cancellation of the project by the Dubai Land Department and its integration under Dubai Holding, a special judicial committee appointed by His Highness Sheikh Mohammed bin Rashid Al Maktoum has been tasked with resolving the liquidation and settling investor claims. ​Because the decisions of this specialized committee are legally binding and final, with no avenue for appeal, the upcoming rulings are being viewed as a critical turning point for the regulatory reputation of Dubai's... [Continue Reading]
360LiveNews-Opinion | 28 Jun 2026 09:20 LONDON
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The Ghosn Paradox The Imperial Savior, His Cinematic Escape, and the Desperate Call to Salvage a Crumbling Nissan
The Man Who Defied Corporate Gravity Few corporate sagas in modern history possess the cinematic drama, geopolitical friction, and sheer psychological tension as the rise and fall of Carlos Ghosn. Once lauded as the ultimate transnational executive, a multi-lingual titan capable of bridging disparate business cultures, Ghosn became the absolute center of a global firestorm. His story cuts through the pristine facade of global corporate governance to reveal a messy underbelly of nationalism, legal vulnerability, and strategic failure. Rebuilding an Empire from the Ashes of Bankruptcy The mythos of Carlos Ghosn began in 1999. Nissan, one of Japan's proudest manufacturing... [Continue Reading]
360LiveNews-Opinion | 27 Jun 2026 08:19 LONDON
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]
360LiveNews-Opinion | 18 Feb 2026 17:11 LONDON
