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Norway’s Wealth Fund Proposes Cutting $80 Billion in US Treasuries
Norway’s $2.3 trillion sovereign wealth fund recommended reducing US Treasury holdings from 70% to 50% in its fixed-income portfolio to boost returns through other debt types. The shift would reduce global government bonds by $106 billion, signaling decreased demand for US debt amid rising deficits.
Trump Demands Fed Lower Interest Rates
President Trump intensified pressure on the Federal Reserve to lower interest rates, threatening to cut trade with economies having a deficit with the US if the central bank doesn’t act. This revives his campaign to influence monetary policy.
US Envoys to Make Ukraine Peace Push With Russia Pessimistic
US envoys Steve Witkoff and Jared Kushner will arrive in Moscow with a Ukraine peace proposal, though Russia expressed pessimism about any deal resulting from the trip. The US seeks to end the years-long conflict.
Volkswagen to Cut 100,000 Jobs in Historic Overhaul
Volkswagen will shed around 100,000 jobs worldwide after management and unions agreed to cut 50,000 more positions by 2030. The reductions amount to roughly one in seven of its global workforce, reflecting severe financial and operational crisis.
Trump’s Venezuela Oil Deal Gives US Control Over Nation’s Crude Wealth
President Donald Trump announced a sweeping oil accord with Venezuela, effectively giving the US control over much of the nation’s crude resources. The deal represents a significant shift in US-Venezuela relations and economic influence in the region.
Reporters Without Borders Calls for Controls on AI Bots Accessing Russian Media
Reporters Without Borders has called on the EU to investigate AI services that bypass censorship laws by providing access to banned Russian media sources. The organization found that popular chatbots can redistribute content from outlets like RT and Sputnik.
ZF Begins Mass Production of 8-Speed Hybrid Transmission in Shanghai
ZF has started mass production of an 8-speed hybrid transmission in Shanghai with 95% localization. The project progressed from initial discussions to mass production in just 18 months and can handle up to 800 Nm of torque with a 218 HP electric motor.
Russia Directly Targets SBU, Entering New Phase of War
Russia is directly targeting the SBU, according to Carlos Hugo. This marks a new phase in the war, escalating tensions in the region.
Cuba and Mexico Boost Educational Collaboration
Cuba’s Central University ‘Marta Abreu’ and Mexico’s National Human Rights Commission signed a collaboration agreement. This will develop educational activities, training, research, and knowledge generation.
Video Shows Bear Encounter in Mexican Home
A large black bear was filmed in a kitchen in Nuevo León, Mexico. A man attempted to scare it with a broom, but the bear charged at him. The bear left the house shortly after.
Developer Creates Spy Watch App and Design Tool Using Claude AI
A developer built ALPHA FIELDMASTER, a Garmin app that turns a smartwatch into a spy gadget with tools like radar and GPS tracking. During development, they also created a browser-based design tool that became the production renderer for the watch interface.
Daily readings
| USD/BRL 2026-09-04 | 5.1114 |
| USD/CNY 2026-09-04 | 6.7109 |
| USD/EUR 2026-09-04 | 0.8604 |
| USD/JPY 2026-09-04 | 156.25 |
| USD/MXN 2026-09-04 | 16.8991 |
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