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US seeks to assert control over Venezuelan oil with tanker seizures, sales worldwide

President Donald Trump's administration on Wednesday sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers transporting petroleum and announcing plans to relax some sanctions so the U.S. can oversee the sale of Venezuela's petroleum worldwide.

Trump's administration intends to control the distribution of Venezuela's oil products globally following its ouster of President Nicolás Maduro in a surprise nighttime raid. Besides the United States enforcing an existing oil embargo, the Energy Department says the "only oil transported in and out of Venezuela" will be through approved channels consistent with U.S. law and national security interests.

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French farmers force their way through Paris with tractors to protest free trade deal

Dozens of angry farmers demonstrated on Thursday in front of France's lower house of parliament after driving about a hundred tractors into Paris to protest the European Union intention to move forward with a free trade deal with five South American nations.

French farmers for years have denounced the trade deal with the Mercosur nations of Brazil, Argentina, Bolivia, Paraguay and Uruguay, arguing that it would hurt French farmers' livelihoods.

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Farmers block highways across Greece in protest over rising costs and EU trade deal

Farmers in Greece escalated nationwide protests Thursday, launching a 48-hour blockade of major highways, junctions and toll stations over soaring production costs and a contentious European Union trade deal with South American nations.

Tractors lined key routes across the country, halting all traffic except emergency vehicles. Police directed traffic to secondary routes when possible and did not intervene to counter the blockades.

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Wall Street's hot start to the year cools as stocks drift

Wall Street's hot start to the year is cooling a bit on Wednesday.

The S&P 500 was virtually unchanged in early trading, coming off its latest all-time high. The Dow Jones Industrial Average added 18 points, or less than 0.1%, to its own record set the day before, while the Nasdaq composite was 0.1% higher, as of 9:35 a.m. Eastern time.

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US forces board Russia-flagged oil tanker in Atlantic

U.S. forces have boarded a Venezuela-linked sanctioned oil tanker in the North Atlantic after pursuing it for weeks, a U.S. official said.

The official spoke to The Associated Press on Wednesday on the condition of anonymity to discuss sensitive military operations. The official said the U.S. military seized the vessel and handed over control to law enforcement officials.

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China announces another new trade measure against Japan as tensions rise

China escalated its trade tensions with Japan on Wednesday by launching an investigation into imported dichlorosilane, a chemical gas used in making semiconductors, a day after it imposed curbs on the export of so-called dual-use goods that could be used by Japan's military.

The Chinese Commerce Ministry said in a statement that it had launched the investigation following an application from the domestic industry showing the price of dichlorosilane imported from Japan had decreased 31% between 2022 and 2024.

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German stocks hit new record on AI hopes

Germany's blue-chip DAX stock index jumped above 25,000 points for the first time Wednesday, following strong gains on Wall Street as hopes for the artificial intelligence boom bolster investor sentiment.

The index, which groups the 40 largest publicly traded companies on the Frankfurt Stock Exchange, hit the milestone shortly after opening, and was trading at 25,010 points at 9:15 am (0815 GMT).

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US welcomes gap law approval, govt. 'reform steps'

The United States Embassy in Beirut said Wednesday that it welcomes the reform steps undertaken by Prime Minister Nawaf Salam's government, including the Cabinet’s approval of the gap law.

In a statement, the embassy said the gap law would help restore the confidence of international financial institutions, including the World Bank and the International Monetary Fund, in the Lebanese economy and support its recovery.

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'Neither Gaza nor Lebanon': Iranian unrest is about more than economy

By Kamran Talattof, University of Arizona

A familiar slogan has echoed through the streets of various Iranian cities in recent days: "Neither Gaza nor Lebanon, I sacrifice my life for Iran."

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Banks Association urges parliament to take 'free and courageous stance'

The Association of Banks in Lebanon announced Monday that the government’s draft law on financial regulation and deposit recovery was issued “without any serious study of the figures required for its implementation.”

“If it were serious, the draft law should have been preceded by determining the size of the deficit, how it will affect the Central Bank of Lebanon and the banks, an accurate assessment of non-performing assets, the amount of funds required to repay the various deposit categories, and verification of the availability of the necessary liquidity,” ABL added in a statement after a meeting.

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