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Venezuela Shifts Diplomacy: Embassies in Norway and Australia to Close, Focus Turns to Africa

  Venezuela announced it will close its embassies in Norway and Australia as part of a sweeping diplomatic restructuring. The government of President Nicolás Maduro described the move as a “strategic re-assignation of resources,” aimed at strengthening alliances in Africa. In place of the closures, Venezuela will open new embassies in Burkina Faso and Zimbabwe , which officials called “sister nations and strategic allies” in the fight against colonial and hegemonic pressures. Consular services for Venezuelans in Norway and Australia will continue through other diplomatic missions, with details to be provided in the coming days. The decision comes amid heightened tensions with the United States and follows weeks of geopolitical maneuvering. Norway’s foreign ministry confirmed the closure of the embassy in Oslo, while Australian officials have yet to comment publicly on the development. This shift underscores Caracas’ intent to reconfigure its global presence, prioritizing regi...
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US Stocks Waver Amid Rate Cut Speculation



As the financial world turns its gaze towards the Federal Reserve, US stocks have shown a slight decline. Investors are eagerly anticipating a speech from Jerome Powell, the Fed Chair, which could provide hints on the future of interest rates. The S&P 500 has seen a minor dip, while the Dow Jones remains unsteady. The Nasdaq, largely influenced by tech, has taken a more significant hit after a collective downturn.

The market’s early-year rally has been dampened by strong economic indicators, which have lessened the likelihood of the anticipated three Fed rate cuts. The Atlanta Fed’s Raphael Bostic predicts the first rate reduction might not occur until the year’s final quarter.

Amidst these developments, all eyes are on the outcome of Disney’s proxy fight with Nelson Peltz, as well as the impact of a major earthquake on TSMC’s operations, a key supplier to tech giants like Apple and Nvidia. Intel’s shares have also dropped following a report of increased operating losses. The financial community is on alert, waiting for signals that could steer the economic course.

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