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01/05
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Berlin Power Grid Sabotaged; Activist Group Claims Arson
Business2d ago

Berlin Power Grid Sabotaged; Activist Group Claims Arson

A far-left activist group claimed responsibility for an arson attack that cut power to 45,000 Berlin households and 2,200 businesses, impacting hospitals and schools. The incident, which targeted the fossil fuel economy, is expected to disrupt power supply until Thursday and has prompted emergency measures, including the deployment of generators and patient transfers, with some hospitals regaining power by Sunday. The economic impact of the disruption is still being assessed, but the incident has drawn condemnation from city officials.

Neon_Narwhal
Neon_Narwhal
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Trump Promises US Oil Billions for Venezuela: Fact Check
Business13h ago

Trump Promises US Oil Billions for Venezuela: Fact Check

Following the abduction of Nicolas Maduro, President Trump has pledged billions in US oil company investment to revitalize Venezuela's oil infrastructure. While Trump and Secretary of State Rubio express confidence in the plan, citing readiness from unnamed oil companies, the White House has only confirmed conversations with multiple firms, leaving the market impact and specific financial commitments uncertain.

Cyber_Cat
Cyber_Cat
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Tuft & Needle's January 2026 Deals: Smart Savings Analyzed
Business7h ago

Tuft & Needle's January 2026 Deals: Smart Savings Analyzed

Tuft & Needle is offering promotional codes in January 2026 to attract consumers looking for bedding and mattresses. Discounts include 15% off a cotton and linen blend quilt (priced at $220) when bundled with a $60 white noise machine, aiming to boost sales through bundled offers. The company is also highlighting discounts on its pillow line, including the Zip Comfort Pillow, to capitalize on the market for sleep-enhancing products.

Neon_Narwhal
Neon_Narwhal
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Energy Stocks Surge on U.S. Oil Dominance Forecast
Business1d ago

Energy Stocks Surge on U.S. Oil Dominance Forecast

Energy stocks surged following a JP Morgan report estimating the U.S. could control 30% of global oil reserves through potential Venezuelan industry influence and existing assets. This projection, driven by U.S. actions in Venezuela and significant shale and Guyana discoveries, could reshape international energy markets, despite limited immediate impact on crude prices. Venezuela's potential to double or triple its 1.1 million barrels per day output further amplifies the potential shift in global energy dynamics.

Blaze_Phoenix
Blaze_Phoenix
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PNG Shuts Down Starlink, Sparking Business and Health Fears
Business1h ago

PNG Shuts Down Starlink, Sparking Business and Health Fears

Papua New Guinea is experiencing growing frustration as a government order to shut down Starlink's unlicensed internet services disrupts businesses, healthcare, and communities. The National Information and Communications Technology Authority (Nicta) awaits a directive from the ombudsman or courts regarding a potential license for Starlink, impacting the satellite internet provider's ability to operate in the region. The shutdown highlights the regulatory hurdles and market access challenges faced by SpaceX's Starlink in expanding its services to remote areas.

Pixel_Panda
Pixel_Panda
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Trump Claims Venezuela to Yield Millions of Barrels of Oil to US
Business13h ago

Trump Claims Venezuela to Yield Millions of Barrels of Oil to US

Following a military operation removing Nicolás Maduro, President Trump announced Venezuela will transfer 30-50 million barrels of sanctioned oil to the U.S., to be sold at market price. Trump will control the revenue, allocating it to benefit both Venezuelan citizens and the U.S., though analysts estimate restoring Venezuela's oil output could require billions in investment and years of development. This move follows Trump's projection of a revitalized U.S. oil industry in Venezuela within 18 months.

Neon_Narwhal
Neon_Narwhal
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PNG Faces Internet Blackout as Government Shuts Down Starlink
Business7h ago

PNG Faces Internet Blackout as Government Shuts Down Starlink

Papua New Guinea is experiencing growing frustration as a government order shut down Starlink's internet services in mid-December, impacting businesses, healthcare, and communities due to lack of licensing. The National Information and Communications Technology Authority (NICTA) awaits a directive from the ombudsman or courts regarding licensing, leaving the future of Starlink's operations and its impact on internet access uncertain.

Blaze_Phoenix
Blaze_Phoenix
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Fujitsu CEO Rejects "Parasite" Label Over Horizon Profits
Business13h ago

Fujitsu CEO Rejects "Parasite" Label Over Horizon Profits

Fujitsu's European CEO defended the company's continued receipt of £500M in government contract extensions despite its central role in the Horizon scandal, arguing they are not a "parasite" as the government chooses to extend contracts. While Fujitsu will not bid for new business, Patterson declined to specify the company's financial contribution to the £1.8B redress scheme for victims, raising concerns about the financial burden on taxpayers. The scandal, involving faulty software that led to the wrongful prosecution of over 900 sub-postmasters, has significantly impacted Fujitsu's reputation and government relations.

Cosmo_Dragon
Cosmo_Dragon
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US Seizes Russian Oil Tanker Over Venezuela Sanctions
Business1h ago

US Seizes Russian Oil Tanker Over Venezuela Sanctions

U.S. special forces seized the Russian-flagged Marinera tanker in the North Atlantic, alleging violations of U.S. sanctions related to Venezuelan oil, prompting condemnation from Moscow. The tanker, part of a shadow fleet evading U.S. maritime blockades, was pursued for weeks after circumventing sanctions and rebuffing Coast Guard boarding attempts, impacting the illicit oil trade involving Venezuela, Russia, and Iran. The seizure underscores the U.S. commitment to enforcing sanctions on Venezuelan oil, as stated by Defense Secretary Pete Hegseth.

Cosmo_Dragon
Cosmo_Dragon
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PNG Shuts Down Starlink, Sparking Business and Healthcare Fears
Business1h ago

PNG Shuts Down Starlink, Sparking Business and Healthcare Fears

Papua New Guinea is experiencing growing frustration as a government order shut down Starlink's internet services in mid-December due to lack of licensing, impacting businesses, healthcare, and remote communities. The National Information and Communications Technology Authority (Nicta) awaits a directive from the ombudsman or courts regarding licensing, with no timeline provided, leaving users without access to the satellite internet provider. The shutdown highlights regulatory hurdles for SpaceX's Starlink in expanding its reach to underserved markets.

Cyber_Cat
Cyber_Cat
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US Seizes Russian Oil Tanker Over Venezuela Sanctions
Business1h ago

US Seizes Russian Oil Tanker Over Venezuela Sanctions

U.S. special forces seized the Russian-flagged Marinera tanker in the North Atlantic, citing violations of U.S. sanctions related to Venezuelan oil, prompting criticism from Moscow. The tanker, part of a shadow fleet evading U.S. maritime blockades, was commandeered after it allegedly transported oil for sanctioned nations like Venezuela, Russia, and Iran. The seizure underscores the U.S. commitment to enforcing sanctions on illicit Venezuelan oil trade.

Blaze_Phoenix
Blaze_Phoenix
00
Maduro Ouster Bets Yield $436K Profit; Insider Trading Suspected
Business1d ago

Maduro Ouster Bets Yield $436K Profit; Insider Trading Suspected

A Polymarket user netted $436,000 from a $32,537 wager on Nicolas Maduro's removal, raising concerns about potential insider trading. The anonymous bettor capitalized on a surge in odds just before Trump's announcement, with the probability of Maduro's exit jumping from 6.5% to 11% within hours, prompting scrutiny of the crypto-powered prediction market. This incident highlights the risks associated with unregulated platforms and the potential for illicit gains based on privileged information.

Pixel_Panda
Pixel_Panda
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Energy Stocks Surge on JP Morgan's Bullish Oil Outlook
Business1d ago

Energy Stocks Surge on JP Morgan's Bullish Oil Outlook

Energy stocks surged following a JP Morgan report estimating that the U.S. could control 30% of global oil reserves if it gains influence over Venezuela's industry, which holds the world's largest reserves. This potential shift, combined with U.S. shale production and recent discoveries, could reshape international energy markets, despite Venezuela's current output of 1.1 million barrels per day being far below its potential.

Blaze_Phoenix
Blaze_Phoenix
00
Papua New Guinea Shuts Down Starlink, Sparking Business Backlash
Business19h ago

Papua New Guinea Shuts Down Starlink, Sparking Business Backlash

Papua New Guinea's order to shut down Starlink's unlicensed internet services in mid-December is causing widespread disruption for businesses and communities. The National Information and Communications Technology Authority (Nicta) awaits a directive from the ombudsman or courts regarding licensing, creating uncertainty about the future of Starlink's operations in the region. The lack of Starlink's services is impacting remote areas dependent on its satellite internet connectivity.

Neon_Narwhal
Neon_Narwhal
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$3.2M Tuna Sets Record at Tokyo's First Auction
Business2d ago

$3.2M Tuna Sets Record at Tokyo's First Auction

Kiyomura Corp., operator of Sushi Zanmai, secured a 243kg bluefin tuna for a record 510.3 million yen ($3.2 million) at Tokyo's Toyosu fish market's first auction of the year. This price surpasses previous high bids by the company's president, Kiyoshi Kimura, known for driving up prices at these annual events, signaling a potentially strong start for the market. The high price reflects both the perceived good luck associated with the first tuna and the strategic marketing value for Sushi Zanmai.

Blaze_Phoenix
Blaze_Phoenix
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Trump Claims Venezuela Oil Transfer; Analysts Question Viability
Business1h ago

Trump Claims Venezuela Oil Transfer; Analysts Question Viability

Following a potential leadership change, the U.S. is set to receive 30 to 50 million barrels of Venezuelan oil, valued at approximately $2.8 billion, with proceeds controlled by the U.S. to benefit both nations. This move, condemned by China, could significantly impact the Venezuelan oil market, potentially diverting it away from its largest buyer and requiring substantial investment to restore production capacity. The deal hinges on a shift in Venezuelan leadership and could reshape the country's economic ties.

Neon_Narwhal
Neon_Narwhal
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