Oil extends losses as Trump flags Venezuela shipments, stocks wobble

Oil extended losses Wednesday after Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities wobbled after a record-breaking start to the year.Crude has seen wild swings since the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding “total access” to its key resource.But it sank as much as two percent Tuesday and around one percent Wednesday after Trump announced the latest development.”The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America,” he wrote on his Truth Social platform.”This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States.”Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world’s oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after a strong start to the year that has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea’s Kospi index continued its run-up Wednesday, while Sydney, Singapore, Shanghai, Wellington and Jakarta also rose.However, Hong Kong dipped along with Taipei and Manila, while Tokyo slid after China imposed tougher export controls on products sent to Japan with potential military uses.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year.”Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year,” wrote Michael Brown at Pepperstone.He pointed to “expectations for considerably looser monetary and fiscal backdrops through the next twelve months”.”My view remains that the ‘path of least resistance’ continues to lead to the upside, and that any dips — were they to occur — continue to represent buying opportunities.”- Key figures at around 0230 GMT – West Texas Intermediate: DOWN 1.2 percent at $56.47 per barrelBrent North Sea Crude: DOWN 1.0 percent at $60.10 per barrelTokyo – Nikkei 225: DOWN 0.5 percent at 52,257.11 (break)Hong Kong – Hang Seng Index: DOWN 1.0 percent at 26,431.70Shanghai – Composite: UP 0.1 percent at 4,088.40Euro/dollar: UP at $1.1700 from $1.1693 on TuesdayPound/dollar: UP at $1.3511 from $1.3503 Dollar/yen: UP at 156.68 yen from 156.59 yenEuro/pound: UP at 86.60 pence from 86.58 penceNew York – Dow: UP 1.0 percent at 49,462.08 (close)London – FTSE 100: UP 1.2 percent at 10,122.73 (close)

From music to mind reading: AI startups bet on earbuds

AI companies are on the hunt to design the ideal device to deliver AI’s superpowers, and some new enterprises are convinced that headphones or earbuds are the way.Startups have for a while tried to beef up headphones beyond their basic functions, like listening to music and making phone calls.Nearly a decade ago, tech startups Waverly Labs and Mymanu added real-time translation to that list, and Google quickly followed suit, creating a voice-activated AI assistant in 2020.Riding the AI wave, other tech industry leaders Samsung and Apple have also entered the fray, with noise cancellation now almost a product standard.Startups, many of which are attending this week’s CES consumer electronics extravaganza in Las Vegas, are now trying to refine this technology and apply it to specific uses.Such is the case with OSO, which wants to take the concept of a professional assistant further.Its earbuds will record meetings and retrieve conversation elements on demand using everyday language.Viaim, a competitor, offers similar services and intends to focus on interoperability in a world controlled by major smartphone manufacturers that impose their own platforms.”If you use a different brand of cell phone, it doesn’t have any AI functions at all. That’s the opportunity for our earbuds,” explained Shawn Ma, CEO of Viaim, whose devices are compatible with all brands, including iPhones in China.Timekettle, meanwhile, is enjoying success in a completely different context, with “90 percent of its sales coming from schools,” according to Brian Shircliffe, head of US sales for the Chinese company.Many schools equip their non-English-speaking students with the devices so they can follow lessons without the need for a translator.- Reading minds -As for whether earbuds can replace smart glasses, connected speakers, or even smartphones as the dominant physical extension of generative AI, remains unanswered.For now, any AI functionality “is really dependent on the phone that it’s connected to,” said Ben Wood, chief analyst at CCS Insight.”Earbuds are certainly a more accessible entry for AI than smart glasses,” said Avi Greengart, president of Techsponential, a consultancy.”They’re a lot less expensive, they’re a product most smartphone users are buying anyway, and they don’t require a prescription.”However, “people generally don’t wear them all the time,” unlike glasses, “and they can only interact with voice, so you’ll need to be in an environment where talking is acceptable,” the analyst cautioned, adding that the lack of a camera limits the device’s potential.Some won’t be constrained by the shortcoming, notably Naqi Logix, whose Neural Earbuds are equipped with ultra-sensitive sensors that detect tiny movements.Thanks to these sensors, a quadriplegic user can control their wheelchair or surf the internet simply by looking at their computer screen.Operations manager Sandeep Arya sees great potential for these innovations, “because people would like to be able to interact with their environment in a more discreet, subtle way,” without having to call out to Siri on their smartphone, Alexa on their speaker, or Meta on their glasses.Arya envisions the technology going further, thanks to improved sensors capable of deciphering facial movements that a chatbot can use to find the right tone and words according to mood.Neurable, another startup whose MW75 Neuro LT headset measures brain activity, dreams of using its equipment to enable communication through thought, without gestures or words.”It’s remarkable,” says Ben Wood of these breakthroughs, “but it’s still a niche market for now.” Until further notice, “the hundreds of millions of headphones that have been sold will remain focused on listening.”

Nvidia CEO praises robots as ‘AI immigrants’

Nvidia chief executive Jensen Huang described robots as “AI immigrants” on Tuesday, arguing they could solve a global labor shortage that is hampering manufacturing.Addressing concerns about machines replacing human workers, the leader of the world’s dominant AI chip company took the opposite stance.”Having robots will create jobs,” Huang told 200 journalists and analysts during a 90-minute session at a Las Vegas hotel on the sidelines of the CES technology show.”We need more AI immigrants to help us on manufacturing floors and do work that maybe we’ve decided not to do anymore,” said Huang, whose off-the-cuff remarks have become a popular CES tradition.The gathering runs through Friday, with some 130,000 attendees.Like every year, robots are a major presence at CES, with companies hoping they will break into the mainstream as useful devices instead of novelties.A “robotics revolution” will compensate for labor losses from aging populations and demographic decline while boosting the economy, Huang argued.”When the economy grows, we hire more people,” he said, sporting his signature black leather jacket.Huang, who leads the world’s most valuable company at roughly $3.5 trillion, estimated the worker shortage reaches “tens of millions,” not thousands, due to demographic shifts.His comments align with other Silicon Valley leaders, particularly Tesla and SpaceX’s Elon Musk, who frequently cite population decline and workforce aging as reasons to embrace automation.Nvidia is investing heavily in providing the foundational software that can make robots work across multiple industries, including manufacturing, retail, and healthcare.

New Venezuela leader says ‘no foreign power’ running country

Venezuela’s interim leader Delcy Rodriguez insisted Tuesday no foreign power was governing her country, even as US President Donald Trump announced Caracas will be swiftly turning over millions of barrels of oil to the United States.Rodriguez, who was vice president under toppled leader Nicolas Maduro, has given mixed signals about how much she is prepared to cooperate with Trump, at times sounding conciliatory, at others defiant.Speaking three days after US special forces snatched Maduro and his wife in a stunning raid in Caracas, Rodriguez said: “The government of Venezuela is in charge in our country, and no-one else.””There is no foreign agent governing Venezuela.”Trump insists Washington is now “in charge” of the Caribbean country but has said he is prepared to work with Rodriguez — provided she submits to his demand for access to Venezuela’s vast oil reserves.The US leader was startlingly direct about his intent regarding the South American country’s reserves, announcing on his Truth Social platform late Tuesday that Rodriguez “will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil” to the United States.”This oil will be sold at its market price, and that money will be controlled by me” as president, Trump said, adding that he has tasked Energy Secretary Chris Wright with “immediately” executing the plan.- No surrender -Rodriguez has offered an olive branch but also appeared anxious to keep on her side the hardliners who control the security forces and paramilitaries, which have patrolled the streets since Maduro’s capture.”We are a people that does not surrender, we are a people that does not give up,” she declared, paying tribute to the “martyrs” of the US attacks.She said the country is holding seven days of mourning for those killed.In its first confirmation of losses, Venezuela’s military on Tuesday published a list of 23 troops, including five generals, killed in the US strikes.Top ally Havana separately issued a list of 32 dead Cuban military personnel, many of whom were members of Maduro’s security detail.Venezuela has not yet confirmed the number of civilian casualties in the operation in which US forces grabbed Maduro and Flores and took them to the United States to face trial.Attorney General Tarek William Saab spoke Tuesday of “dozens” of civilian and military dead, without giving a breakdown.- ‘Trump, murderer’ -Thousands of supporters of the presidential couple, including powerful Interior Minister Diosdado Cabello, marched through Caracas demanding their release.Fear of state repression has made it so the unpopular Maduro’s many detractors loathe to celebrate his downfall.Maduro and Flores appeared in court Monday in New York, where they pleaded not guilty to drug trafficking and other charges.Mexican President Claudia Sheinbaum has called on the United States to ensure they receive a fair trial.- Interim president’s challenges -Rodriguez has sought to project unity with Cabello and Defense Minister Vladimir Padrino Lopez, two hardliners seen as the main powerbrokers in the Maduro administration.Opposition leader Maria Corina Machado, sidelined by Washington in the post-Maduro transition, warned in a Fox News interview that Rodriguez was not to be trusted.”Delcy Rodriguez as you know is one of the main architects of torture, persecution, corruption, narcotrafficking,” she said.”She’s the main ally and liaison with Russia, China, Iran, certainly not an individual that could be trusted by international investors.”In a sign that a repressive security apparatus remains in place, 16 journalists and media workers were detained in Venezuela on Monday, according to a journalists’ union.All were later released.Trump has warned that Rodriguez will pay “a very big price, probably bigger than Maduro” if she does not comply with Washington’s agenda.A retired general who held high-ranking positions in the military predicted that Rodriguez would throw open Venezuela to US oil and mining companies and perhaps resume diplomatic ties, broken off by Maduro in 2019.He also believed she would seek to appease criticism of Venezuela’s dire rights record by releasing political prisoners.Trump told Republican lawmakers Tuesday that Maduro was a “violent guy” who “killed millions of people” and claimed that Rodriguez’s administration was “closing up” a torture chamber in Caracas.The constitution says that after Maduro is formally declared absent — which could happen after six months — elections must then be held within 30 days.Machado told Fox News she was confident the opposition, widely seen as the real victors of 2024 elections, would win “over 90 percent of the votes.”

L’Ukraine et les Américains poursuivent leurs discussions à Paris

Kiev va poursuivre ses discussions avec les envoyés américains à Paris mercredi en vue d’un cessez-le-feu encore lointain avec la Russie, après être convenus la veille, aux côtés des Européens, d’un ensemble de garanties de sécurité pour l’Ukraine.Dans une “Déclaration de Paris”, les 35 pays membres de la “Coalition des Volontaires”, essentiellement européens, se sont accordés mardi pour déployer une force multinationale en Ukraine et participer à une surveillance de ce potentiel cessez-le-feu sous “leadership” américain, une fois un accord de paix, toujours très hypothétique, trouvé avec la Russie.Cette déclaration “reconnaît pour la première fois” une “convergence opérationnelle” entre la Coalition, l’Ukraine et les Etats-Unis, avec des garanties de sécurité “robustes” pour éviter une “reddition ukrainienne” et une “menace nouvelle” pour le pays, a salué le président français Emmanuel Macron.Il a annoncé dans la foulée sur la chaîne France 2 que “plusieurs milliers” de soldats français pourraient être déployés pour maintenir la paix en Ukraine, après la signature d’un cessez-le-feu.S’ils ont affiché leur volonté d’être en “soutien”, les Etats-Unis ne sont pas signataires de la déclaration et les contours de leur engagement militaire demeurent flous.Le président Donald Trump “soutient fortement ces protocoles de sécurité”, qui visent à “dissuader toute attaque” future en Ukraine, a en tout cas affirmé l’envoyé spécial Steve Witkoff.M. Witkoff et Volodymyr Zelensky ont annoncé rester à Paris pour poursuivre leurs discussions mercredi.- “Pas seulement des paroles” -La force multinationale, à l’étude depuis des mois, sera formée par les pays volontaires de la Coalition, menée par les Européens et “soutenue” par les Etats-Unis, selon la déclaration finale publiée par la présidence française.La contribution des Etats-Unis en matière “de renseignement et de logistique” et surtout leur engagement à apporter un “soutien” à la force en “cas d’attaque”, qui figuraient dans le projet de déclaration consulté par l’AFP, ne sont pas mentionnés dans le texte final.”Il est important que la coalition dispose aujourd’hui de documents substantiels, et pas seulement de paroles”, s’est néanmoins félicité le président ukrainien Volodymyr Zelensky, même si plusieurs questions “restent ouvertes” selon lui, comme celle, ultrasensible, des concessions territoriales exigées par Moscou.La balle est désormais dans le camp de la Russie, ont insisté les Européens. Tout cela “requiert de toute évidence de la bonne volonté du côté de l’agresseur russe également”, avait souligné, un peu plus tôt mardi, le Premier ministre polonais Donald Tusk, alors que le Kremlin s’est systématiquement opposé à tout déploiement militaire occidental en Ukraine.Moscou continue aussi de marteler ses exigences sur la totalité de la région minière et industrielle du Donbass, dans l’est de l’Ukraine, y compris les territoires encore contrôlés par l’armée de Kiev.Le président ukrainien a rappelé que certaines “idées” – dont une démilitarisation de territoires contestés – étaient sur la table, et suggéré d’en discuter “au niveau des dirigeants”.Espérant de futurs “compromis”, Steve Witkoff a fait état de “progrès significatifs”.- L’ombre du Groenland et du Venezuela -Les contours opérationnels de la force multinationale restent eux aussi imprécis, d’autant que certains pays ont maintenu une certaine prudence sur leur contribution.L’Italie a réitéré son refus d’envoyer des soldats en Ukraine, quand le chancelier allemand Friedrich Merz a expliqué que des troupes de Berlin pourraient participer, mais seulement dans un pays membre de l’Otan voisin de l’Ukraine.Même si les Etats-Unis ne font pas partie de la Coalition, leur soutien à Kiev est crucial, notamment pour convaincre les autres alliés de s’engager.Car tout cessez-le-feu demeure hypothétique: une rencontre entre Volodymyr Zelensky et Donald Trump fin décembre et des appels entre le président américain et son homologue russe Vladimir Poutine n’ont pas permis d’avancer sur les concessions territoriales exigées par Moscou.L’opération américaine au Venezuela et les déclarations de Donald Trump appelant à une mainmise de Washington sur le Groenland, territoire autonome du Danemark, ont aussi été au menu mardi, même si les dirigeants européens ont évité de répondre aux questions des journalistes sur le sujet en présence des émissaires des Etats-Unis.Plusieurs pays du Vieux Continent dont la France, l’Allemagne, le Royaume-Uni et l’Italie, ont cependant publié une déclaration commune de soutien au Groenland et au Danemark.”Il n’y a pas pour moi de scénario où les Etats-Unis d’Amérique seraient mis dans une situation de violer la souveraineté danoise” au Groenland, a assuré Emmanuel Macron sur France 2.Plus tard dans la soirée, la porte-parole de la Maison Blanche a pourtant indiqué à l’AFP que Donald Trump étudiait “plusieurs options” pour acquérir le Groenland, y compris “utiliser l’armée”.

A la frontière colombienne, quelques passages de Vénézuéliens et beaucoup d’anxiété

A un poste frontière surveillé par des blindés et des soldats colombiens, quelques Vénézuéliens chargés de valises, une armada de journalistes et beaucoup d’anxiété régnaient mardi, trois jours après l’opération militaire éclair des Etats-Unis qui a déchu le président Nicolas Maduro.”Nous étions venus pour passer Noël et régler quelques formalités administratives, et on a encore …

A la frontière colombienne, quelques passages de Vénézuéliens et beaucoup d’anxiété Read More »

Cinq ans après l’assaut du Capitole, démocrates et républicains plus que jamais divisés

Le 6 janvier 2021, des centaines de partisans de Donald Trump prenaient d’assaut le Capitole de Washington, ébranlant la démocratie américaine. Mardi marque le cinquième anniversaire de l’attaque qui, un an après le retour du milliardaire au pouvoir, divise plus que jamais républicains et démocrates.Car loin des condamnations quasi unanimes dans les jours qui avaient …

Cinq ans après l’assaut du Capitole, démocrates et républicains plus que jamais divisés Read More »

Brown University mass shooter admits crimes in clip, DOJ says

The self-described “animal” behind a mass shooting at Brown University and the killing of an MIT professor admitted to the crimes in a video made after the spree but gave no motive, authorities said Tuesday.Gunman Claudio Neves Valente killed two people and wounded nine at the Ivy League school before also killing a professor at the Massachusetts Institute of Technology, with whom he had previously studied, two days later.The US Department of Justice (DOJ) said that while searching a storage unit to where Neves Valente apparently fled and later killed himself, they found a video of him admitting to the shootings.”I particularly like Trump’s shit, to have — have called me an animal, which is true. I am an animal and he is also, but uhm, I have no love — I have no hatred towards America,” he said according to the DOJ transcript translated from Portuguese.At the height of the days-long manhunt for the shooter, US President Donald Trump told reporters “hopefully, they’re going to catch this animal.”The gunman did not state a motive for the bloodshed but did complain about injuries sustained during the attacks — a shell casing he said struck him in the eye.Neves Valente carried out the college mass shooting on December 13 before heading to the home of renowned MIT professor Nuno Loureiro and killing him two days later.”Neves Valente admitted that he had been planning the Brown University shooting for a long time,” the DOJ said.”Although Neves Valente stated that Brown University was his intended target, based on initial review of the evidence collected, he did not provide a motive for targeting students at Brown University or the professor at MIT. (He) showed no remorse during the recordings.”The clips have not been publicly released.He blamed the two student victims from Brown — Ella Cook, vice president of the university’s Republican Party association, and Mukhammad Aziz Umurzokov, originally from Uzbekistan — for their deaths, according to the statement.”The only objective was to leave more or less on my terms,” Neves Valente said in the transcript in which he apparently claims to have had multiple opportunities to execute the mass shooting but “always chickened out.”The Justice Department said the investigation was ongoing and there was not believed to be any threat to the public.

Cinq ans après l’assaut du Capitole, démocrates et républicains plus que jamais divisés

Le 6 janvier 2021, des centaines de partisans de Donald Trump prenaient d’assaut le Capitole de Washington, ébranlant la démocratie américaine. Mardi marque le cinquième anniversaire de l’attaque qui, un an après le retour du milliardaire au pouvoir, divise plus que jamais républicains et démocrates.Car loin des condamnations quasi unanimes dans les jours qui avaient suivi l’assaut, le consensus a aujourd’hui disparu au sein de la classe politique. Si les démocrates continuent de dénoncer une attaque envers la démocratie, l’appareil républicain est aujourd’hui dévoué au président de 79 ans, qui a toujours refusé de condamner les actions de ses partisans, évoquant une “journée d’amour” et un “débordement d’affection” à son égard.Le 20 janvier 2025, dès son premier jour de retour à la Maison Blanche, Donald Trump avait gracié l’ensemble des participants, rayant d’un trait de feutre la plus vaste enquête jamais menée par le ministère américain de la Justice.Il a fait brièvement allusion au 6-Janvier lors d’un discours mardi devant des parlementaires républicains, minimisant à nouveau son rôle dans les violences de cette journée.- “Déformation vicieuse” -Mais l’opposition démocrate avait prévenu qu’elle s’attacherait mardi à garder fraîche la mémoire des événements qui avaient secoué la capitale américaine en 2021.”Il y a cinq ans aujourd’hui, une foule violente a brutalement attaqué le Capitole des Etats-Unis”, a déclaré dans un communiqué Hakeem Jeffries, ténor démocrate au Congrès.”Leur mission était de renverser les résultats d’une élection libre et juste. Nous ne permettrons jamais aux extrémistes d’étouffer leur traîtrise”, a-t-il ajouté.Dans la soirée, des parlementaires démocrates se sont rassemblés sur les marches du Capitole, bougies électriques à la main, pour commémorer l’attaque et dénoncer l’attitude des républicains depuis celle-ci.Le chef des sénateurs démocrates, Chuck Schumer, a fustigé devant la presse la publication mardi par la Maison Blanche d’un site web qui accuse les démocrates d’avoir “mis en scène l’insurrection” et qui blâme la police du Capitole pour avoir fait “escalader les tensions” le 6 janvier 2021.Une “déformation vicieuse de la vérité”, a tonné Chuck Schumer devant la presse, qui a exhorté: “Disons tous la vérité, et laissons les générations futures s’en souvenir.”- “Encore plus fier” -A l’extérieur du Capitole, des partisans de Donald Trump ont marqué également le cinquième anniversaire avec une marche retraçant le parcours effectué en 2021.Parmi eux: Enrique Tarrio, ancien chef de la milice d’extrême droite Proud Boys qui, jusqu’à la grâce prononcée par Donald Trump, purgeait une peine de 22 ans de prison pour son rôle jugé clé dans les événements du 6-Janvier.Rencontré par l’AFP mardi, il a dit être “encore plus fier” d’être membre des Proud Boys aujourd’hui, “parce qu’on a eu ces grâces.”Le 6 janvier 2021, des dizaines de milliers de sympathisants de Donald Trump, alors à la fin de son premier mandat, affluaient à Washington à l’appel du républicain qui affirmait, sans fondement, que l’élection présidentielle perdue quelques semaines plus tôt face à Joe Biden était entachée de fraudes massives.- “Comme des diables” -Ce jour-là, Donald Trump a donné devant la Maison Blanche un discours lors duquel il a appelé ses partisans à se “battre comme des diables”, sans quoi leur pays disparaîtrait.Dans les heures qui ont suivi, les manifestants se sont massés devant le Capitole, situé à moins de trois kilomètres du lieu du discours, avant de forcer des barrages de police et de pénétrer dans l’enceinte du bâtiment.Fracassant des vitres, saccageant des bureaux, et blessant en tout plus de 140 policiers, ils ont provoqué la fuite des élus qui devaient certifier la victoire de Joe Biden.Au cours des années suivantes, le rôle exact de Donald Trump dans les événements du 6-Janvier a fait l’objet d’une enquête par une commission du Congrès, qui a recommandé en 2022 des poursuites pénales à son encontre. Inculpé en 2023 par un tribunal fédéral pour ses tentatives présumées illicites d’obtenir l’inversion des résultats de l’élection de 2020, il a finalement échappé aux poursuites pénales avec sa victoire à la présidentielle de 2024.