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Sep 6, 2026 - World

President Donald Trump’s unprecedented oil deal with Venezuela, of which the full details have yet to be made public, is already destined to “backfire” in a spectacular fashion, academic and economic expert Francisco Rodríguez argued on Saturday.“There is still a lot we don’t know about the deal,” Rodríguez wrote in a guest essay published Saturday in The New York Times. “Mr. Trump claims that it will come at no cost to American taxpayers and that it will serve to replenish the U.S. Strategic Petroleum Reserve, which is running at its lowest level since 1982.”Announced last week, the deal will see the United States be granted rights to Venezuela’s untapped oil fields for 100 years, with the U.S. government taking a direct stake in Venezuela's oil reserves — the single-largest proven oil reserves on earth — through a partnership with a private company run by controversial oil baron Alejandro Betancourt López.The deal, however, will likely fail to meet any of the Trump administration’s stated objectives, Rodríguez argued.“This is a country where no one should be surprised to see privatization fail. Nor is this deal likely to make a dent in global oil prices, which the Trump administration has presented as one of the key goals of the plan,” Rodríguez wrote.“It will take years for Venezuelan oil production to increase in a significant way — and even if it does, it will not keep pace with the projected growth in world demand over the next 25 years. Any oil that ends up in the Strategic Petroleum Reserve will not be sold in global markets.”The Trump administration has also claimed that the oil deal would help with Venezuela’s “democratic transition.” This goal too, Rodríguez argued, was destined to fail.“Over the past two decades, Venezuelans have lived through the destruction of what was once a prosperous economy and a vibrant democracy. The United States now has both the opportunity and the responsibility to help them rebuild their country,” Rodríguez wrote.“A hazy privatization process that reduces accountability, deepens inequalities and sidesteps institutional reform will not bring democratic change closer. It will push it further away.”

Sep 5, 2026 - World

Canada slapped back at President Donald Trump as he made bizarre threats about trade deficits, a new report shows.Canada will no longer discuss sharing critical minerals as an asset with the United States, Politico reported Saturday.“I don’t get mad," Energy and Natural Resources Minister Tim Hodgson reportedly said. "I get even."Hodgson — referencing the drunken frat-boy classic "Animal House" — was referring to the North Coast Transmission Line, slated to go live by 2032 and double electricity capacity in British Columbia, according to the report. The transmission line will power new critical mineral mines near the Alaskan border — which Hodgson was reportedly quick to point out. "Nothing would make me happier than just saying, ‘You know what, we’re going to use all our electricity here,'" he said. "We’re going to build new mines, new processing facilities."Meanwhile, Trump has been mounting threats against Canada, claiming Friday he could cut trade off entirely and cause Canada's economy to collapse. "Canada would be in a heap of trouble," said Trump. "If I say, 'We're not going to trade,' that means 95 percent of their trade gets wiped out."His comment was subjected to multiple fact checks from critics who argued Trump didn't understand trade deficits and noted Mexico does not provide the U.S. with Hot Tamales, a candy produced in Pennsylvania. Politico accused Trump of a similar misrepresentation."Although Trump keeps insisting otherwise, the U.S. relies heavily on Canadian resources," the news outlet reported. "Washington views Canada’s stockpiles as a bulwark against Chinese dominance of the global market in critical minerals essential to defense, quantum computing, artificial intelligence and virtually every piece of tech."

Sep 5, 2026 - World

Chinese man at Trishuli hydropower project and Nepali woman in Nuwakot found 10 days into rescue operationEmergency responders have rescued a Chinese man and a Nepali woman in two separate operations as authorities continued to search for thousands of people missing 10 days after massive floods hit Nepal.The Nepali military said on Saturday a joint team comprising personnel from its army and South Korean disaster experts rescued the man from a 225-metre (740ft) tunnel in the Upper Trishuli-1 hydropower project, and that he was undergoing a health assessment. Pictures showed him being evacuated by helicopter after being carried out of the tunnel. Continue reading...

Sep 4, 2026 - World

Officials say pair were rescued from Trishuli 3A hydropower tunnel in Nepal after being trapped at depth of 170 metresTwo people have been pulled out alive from a hydropower tunnel in Nepal nine days after deadly flash floods buried the projects in deep mud and left them trapped.The workers were rescued during an operation at the Trishuli 3A tunnel, a hydropower project in one of the areas worst affected by last week’s floods, according to the army spokesperson Brig Gen Raja Ram Basnet. Continue reading...

Nov 21, 2025 - World

The Queen's coffin will lie in state at Westminster Hall until her funeral on Monday.View Entire Post ›