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1 min agoEurope's second-highest court rejected Opera's challenge to the European Commission's 2024 decision exempting Microsoft's Edge from the Digital Markets Act. The Commission determined that Edge did not serve as a crucial gateway despite satisfying quantitative thresholds. The General Court upheld the Commission's refusal to classify Microsoft as a gatekeeper in relation to Edge.1 min agoPrime Minister Benjamin Netanyahu said Israel will not withdraw from any area under military control in Gaza. The Democratic Party sent a warning letter demanding he remove a video published from Gaza within 24 hours, claiming it constitutes election propaganda that misuses the military and public assets.1 min agoThe enterprise AI operating system company completed a Series C funding round led by Insight Partners, with participation from Salesforce. Wonderful's valuation more than doubled from $2 billion six months earlier, and the company has now raised over $800 million since its founding in early 2025.17 min agoAccording to a Financial Times investigation, Moscow has deployed seasoned military experts to assist Tehran in developing supersonic cruise missiles that could menace American warships in the Middle East. The two nations have deepened their military partnership through an exchange of weaponry and tactical knowledge.32 min agoUber announced the elimination of approximately 3,300 positions, or 10 percent of its global workforce, as part of organizational changes designed to simplify management structures and reduce administrative layers. CEO Dara Khosrowshahi said the company's rapid growth over five years has created unnecessary complexity, and the cuts will help redirect resources toward innovation and autonomous vehicle development.47 min agoA federal judge in Virginia rejected the Department of Justice's demand that Google sell its advertising exchange. Judge Leonie Brinkema accepted behavioral remedies instead, finding a forced sale would be technically difficult and harmful to customers. Google faced the lawsuit after the DOJ and multiple states challenged its advertising technology market power in 2023.47 min agoBrydon Carse has been omitted from England's 15-man squad for the third Test against Pakistan at Edgbaston. The seam bowler was stood down before the second Test after being arrested and then de-arrested; Derbyshire Police is investigating an allegation of assault at a Derby nightclub.1 h agoA judge in Majadahonda, Madrid has summoned Begoña Gómez, wife of Spain's president, to testify after far-right activist Vito Quiles filed a complaint accusing her of filing a false assault report against him. The incident occurred at a restaurant in Las Rozas, and both are scheduled to appear on 23 October. A judge had previously dismissed Gómez's original complaint against Quiles after reviewing video evidence.1 h agoBerkshire Hathaway Chief Executive Greg Abel said the conglomerate sees significant opportunities for its energy business as AI data centers expand. Abel and Chairman Warren Buffett authorized an additional $10 billion investment in Alphabet three months ago, viewing Google as a significant player in artificial intelligence.1 h agoTreasury Secretary Scott Bessent identified airlines, the maritime sector and digital assets as possible sanctions targets as the Trump administration moves to squeeze Iran's economy. He cautioned all nations against supporting Tehran, calling such backing the main obstacle to resolving the conflict.1 min agoEurope's second-highest court rejected Opera's challenge to the European Commission's 2024 decision exempting Microsoft's Edge from the Digital Markets Act. The Commission determined that Edge did not serve as a crucial gateway despite satisfying quantitative thresholds. The General Court upheld the Commission's refusal to classify Microsoft as a gatekeeper in relation to Edge.1 min agoPrime Minister Benjamin Netanyahu said Israel will not withdraw from any area under military control in Gaza. The Democratic Party sent a warning letter demanding he remove a video published from Gaza within 24 hours, claiming it constitutes election propaganda that misuses the military and public assets.1 min agoThe enterprise AI operating system company completed a Series C funding round led by Insight Partners, with participation from Salesforce. Wonderful's valuation more than doubled from $2 billion six months earlier, and the company has now raised over $800 million since its founding in early 2025.17 min agoAccording to a Financial Times investigation, Moscow has deployed seasoned military experts to assist Tehran in developing supersonic cruise missiles that could menace American warships in the Middle East. The two nations have deepened their military partnership through an exchange of weaponry and tactical knowledge.32 min agoUber announced the elimination of approximately 3,300 positions, or 10 percent of its global workforce, as part of organizational changes designed to simplify management structures and reduce administrative layers. CEO Dara Khosrowshahi said the company's rapid growth over five years has created unnecessary complexity, and the cuts will help redirect resources toward innovation and autonomous vehicle development.47 min agoA federal judge in Virginia rejected the Department of Justice's demand that Google sell its advertising exchange. Judge Leonie Brinkema accepted behavioral remedies instead, finding a forced sale would be technically difficult and harmful to customers. Google faced the lawsuit after the DOJ and multiple states challenged its advertising technology market power in 2023.47 min agoBrydon Carse has been omitted from England's 15-man squad for the third Test against Pakistan at Edgbaston. The seam bowler was stood down before the second Test after being arrested and then de-arrested; Derbyshire Police is investigating an allegation of assault at a Derby nightclub.1 h agoA judge in Majadahonda, Madrid has summoned Begoña Gómez, wife of Spain's president, to testify after far-right activist Vito Quiles filed a complaint accusing her of filing a false assault report against him. The incident occurred at a restaurant in Las Rozas, and both are scheduled to appear on 23 October. A judge had previously dismissed Gómez's original complaint against Quiles after reviewing video evidence.1 h agoBerkshire Hathaway Chief Executive Greg Abel said the conglomerate sees significant opportunities for its energy business as AI data centers expand. Abel and Chairman Warren Buffett authorized an additional $10 billion investment in Alphabet three months ago, viewing Google as a significant player in artificial intelligence.1 h agoTreasury Secretary Scott Bessent identified airlines, the maritime sector and digital assets as possible sanctions targets as the Trump administration moves to squeeze Iran's economy. He cautioned all nations against supporting Tehran, calling such backing the main obstacle to resolving the conflict.

BREAKINGEconomy

White House details Venezuela oil deal with 100-year field rights

Venezuela's interim president has granted a newly formed U.S. company exclusive rights spanning a century to exploit more than 17 oil fields. The deal pairs this company with North American Blue Energy Partners, which is controlled by Venezuelan businessman Alejandro Betancourt.

NXEWS NewsroomSep 1, 2026, 8:30 AMUpdated 1 d ago1 min read

Archive photoWhite House·Wikimedia Commons·Public domain

How this story developed

09:13
Venezuela's acting president Delcy Rodríguez described the oil deal as a step toward economic recovery that would modernise the country's oil industry. The 17 fields contain an estimated 65 billion barrels.
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