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Beijing is unlikely to offer military help to Venezuela if the United States moves against President Nicolas Maduro, analysts say, but it could still benefit from a shift in Washington’s global posture that revives old notions of spheres of influence, including one that might one day favour its ambitions towards Taiwan.The United States has deployed about 11 warships and some 15,000 troops to the Caribbean, declared Venezuelan airspace closed, and hinted at possible ground operations after months of strikes on vessels it claims were smuggling drugs to North America. And US President Donald Trump escalated his fiery rhetoric aimed Maduro…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were higher on Wednesday, overcoming a softer opening. The AI trade initially suffered a setback due to a story by The Information that said Microsoft lowered its AI software sales quotas/growth targets. The stock quickly pared its losses after the software giant refuted the story. Outside of tech, there was notable strength in the financials, a result of the November ADP report showing a decline in private…

State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Wednesday the country’s external debt to GDP (gross domestic product) ratio had dropped to 26% in the fiscal year 2025 (FY25) compared to 31% a couple of years ago, reducing the nation’s reliance on foreign financing in the wake of a jump in the inflows of workers’ remittances. In absolute numbers, “Pakistan’s foreign debt has remained stagnant for the past three year at June 2022 level [against assumption of a surge],” the central bank chief said while talking to media on sideline of its celebration of ’Pakistan Women Entrepreneurship Day…

Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 edged higher on Wednesday, reversing course after being down earlier in the session. The broader market was under pressure from tech weakness, notably Microsoft , which fell 2% after The Information reported that it had lowered its AI software sales quotas. A Microsoft spokesperson told CNBC the company has not lowered sales quotas or targets for its salespeople. Investors shook off signs of a U.S. labor market slowdown after…

The dollar fell for a ninth consecutive session on Wednesday as traders strengthened their bets on a Federal Reserve rate cut, driven by softer US economic data and growing expectations of a more dovish stance from the central bank.   Fed Governor Christopher Waller said last week that the labor market had weakened enough to justify another quarter-point cut in December, while Kevin Hassett — a senior White House economic adviser — has emerged as the leading contender to become the next Fed Chair.   President Donald Trump said he will announce his choice for Fed Chair in early 2026.…

In recognition of NLC’s active role in regional connectivity and opening access to untapped markets, the National Logistics Corporation (NLC) has been honoured with Award of the Fastest Growing Company of the Year at Tashkent, Uzbekistan. NLC started cross border logistics operations to Uzbekistan in May 2023. Since then, the organisation has completed over 1000 operations carrying 20000 MT of exports and import goods including medicine, textile products, expo material and a variety of other commodities. Moreover, NLC has exported around 6000 tonnes of agri products including mandarins, bananas, mangoes, potatoes, rice and meat etc to Uzbekistan. NLC has also…

When a full-scale model of the world’s first independent submarine hunter drone was unveiled at the Dubai Airshow last month, it offered a glimpse of the latest in a series of advances in China’s development of a modern integrated anti-submarine system.The Wing Loong-X export variant unmanned aerial vehicle (UAV) has anti-submarine capabilities that are reportedly superior in some respects to the United States Navy’s Boeing P-8 Poseidon and other manned aircraft.The full-scale model drone’s appearance in Dubai followed official confirmation that the Chinese navy’s latest ship-based anti-submarine helicopter, the Z-20F, was on board the aircraft carrier Fujian, commissioned earlier in…

The dollar fell for a ninth consecutive session on Wednesday as traders strengthened their bets on a Federal Reserve rate cut, driven by softer US economic data and growing expectations of a more dovish stance from the central bank.   Fed Governor Christopher Waller said last week that the labor market had weakened enough to justify another quarter-point cut in December, while Kevin Hassett — a senior White House economic adviser — has emerged as the leading contender to become the next Fed Chair.   President Donald Trump said he will announce his choice for Fed Chair in early 2026.…

My top 10 things to watch Wednesday, Dec. 3 1. Stocks reversed course this morning and were headed for a lower open after a report in The Information said that Microsoft was lowering AI software sales quotas. Elsewhere, ADP data for November showed U.S. companies cut 32,000 workers versus estimates for a gain of 40,000. The market believes the Fed will cut interest rates next week. If that happens, it would be the third rate cut this year. 2. CrowdStrike ‘s beat-and-raise quarter last night was not enough to power shares higher. The stock, off 1% this morning, was still…

As it fights to survive in the new era of economic warfare, the European Union wants to turbo-boost efforts to de-risk its ties with China, using two new proposals.Launched on Wednesday, the blueprints will combine to upgrade the bloc’s economic arsenal and unpick its heavy reliance on China for critical minerals, including rare earths.The first, an economic security communication, will provide the EU with an “operating system” on which to manage its many trade, competition and economic weapons – that could be used to punch back against coercion, bullying or the weaponisation of dependencies.Building on the bloc’s first economic security…