‼️ BREAKING: Venezuela has been discussing leaving OPEC with US officials, per Bloomberg. This comes amid reports that the US is negotiating a deal to take a large stake in Venezuelan oil fields.
‼️ 🧠 BREAKING: Kioxia and SanDisk plan to invest over ¥5 trillion ($31.4 billion) in Japan to expand production of a critical AI data-center component facing shortages.
‼️ China’s industrial profits grew 11.2% year-on-year in July, the slowest pace this year, following a 17.6% rise in the first seven months; after years of declines since 2021 and barely positive growth last year, profitability has turned sharply higher, now posting double-digit gains.