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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Greece Cracks Down on Massive EU Farm Subsidy Fraud

                                            Greek police officers

Greek authorities have arrested 37 people in a sweeping nationwide operation targeting a multi-million euro fraud involving EU agricultural subsidies. The investigation revealed that suspects—including private sector employees and individuals posing as farmers—used falsified documents, fake land claims, and inflated livestock numbers to illegally obtain funds meant for genuine farmers.

The scandal centers on OPEKEPE, Greece’s state agency responsible for distributing more than €2.5 billion annually in EU farm aid. European prosecutors and the EU’s anti-fraud office (OLAF) uncovered evidence of widespread abuse, with subsidies allegedly claimed for nonexistent pastures, olive groves on military bases, and even banana plantations on Mount Olympus.

Authorities estimate that between 2018 and 2022, the fraudulent network siphoned off at least €20 million, with nearly half of that obtained illegally. The arrests have sparked political pressure in Athens, as lawmakers launch a parliamentary probe into how oversight failed.

The case has shaken public trust in Greece’s agricultural funding system and raised concerns in Brussels over the integrity of EU subsidy distribution.


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