OPEC+ is holding back on oil production amid Venezuela shock: Why?
Dubai: OPEC+ has decided not to increase oil production for now, opting to keep output unchanged through the first three months of the year. The group is taking a cautious approach as it watches political developments in Venezuela, even though global oil supplies are already more than sufficient to»»»
Dan Bongino exits post as deputy director of the FBI - UPI.com
Deputy Director of the Federal Bureau of Investigation Dan Bongino (pictured next to Attorney General Pam Bondi) speaks during a press conference at the Department of Justice Headquarters in Washington, DC on December 4. File Photo by Bonnie Cash/UPI | License Photo Jan. 4 (UPI) -- Former New York »»»
5.4-magnitude quake hits northeastern India
A moderate 5.4-magnitude earthquake struck northern India's Assam state early Monday morning, according to the US Geological Survey. The shallow quake was centered three kilometres outside of the village of Dhing near India's border with Bhutan and hit around 4:17 am (2247 GMT on Sunday). The USGS »»»
Asian stocks open higher after US ousts Venezuela's Maduro
Asian stocks opened higher on Monday as investors weighed the impact of the US ouster of Venezuelan leader Nicolas Maduro. In early trade the Nikkei in Tokyo was up 1.50 percent at 51,097 points while South Korea's Kospi was 2.09 percent higher at 4,399. Oil prices recovered from earlier lows while»»»
Oil prices fall after US ousts Venezuela's Maduro
Oil prices fell on Monday after a US military operation seized Venezuelan leader Nicolas Maduro, whose country has the world's biggest proven crude reserves. Increased volumes of Venezuelan oil entering the market would add to oversupply concerns and put further pressure on oil prices, which have f»»»
South Korea's Lee Jae Myung to meet China's Xi in reset of relations
South Korea's President Lee Jae Myung is set to meet Chinese leader Xi Jinping as he seeks to reset frayed ties with his country's biggest trading partner. Regional security and Beijing's unofficial ban on Korean pop culture are also on the agenda for Monday's meeting, which is their second summit »»»
Venezuela names acting president
Venezuela’s Supreme Court ordered Vice President Delcy Rodriguez to assume the role of interim president after Nicolas Maduro was kidnapped by US forces from Caracas and flown to New York to face criminal charges. In a Saturday ruling, the court’s Constitutional Chamber said Rodriguez would assume »»»
Climate extremists claim responsibility for blackout affecting 50,000 households
A group of self-described climate activists has claimed responsibility for a massive power outage that hit five districts in southwestern Berlin, saying the action targeted the fossil fuel industry and “the rich.” Up to 50,000 households and 2,200 commercial entities were affected by the blackout i»»»
Delcy Rodriguez: Meet the 'Iron Lady of Caracas' now running Venezuela
In a seismic shift for Latin America's most volatile nation, Delcy Rodríguez has stepped into Venezuela's acting presidency following a bold US special forces operation that toppled longtime strongman Nicolas Maduro on January 3, 2026. The 57-year-old firebrand, a key architect of Venezuela's socia»»»
Steve Coogan on his Roy Keane film - and his part in Posh and Becks' first meeting
Despite having little interest in football, Steve Coogan is starring in a new film about former Manchester United hero Roy Keane - and reveals he was with Keane's teammate David Beckham the night he met Victoria. Steve Coogan is up front about not caring who plays up front. He is not a football fan»»»
India wants more passenger jets. Can it also build them?
India is one of the world's fastest-growing aviation markets. IndiGo and Air India, which together hold over 90% of the market, have ordered nearly 1,500 planes over the next decade, highlighting soaring passenger demand. This expansion hinges on Boeing and Airbus, which together supply 86% of the »»»
BNR becomes member of European Association of Central Securities Depositories
The National Bank of Romania, as administrator of the SaFIR financial instruments depository and settlement system, becomes a member of the European Central Securities Depository Association (ECSDA) starting with January 1, 2026, according to a press release from the bank.ECSDA represents 40 nation»»»
Investment and Development Bank plans to increase capital by 100 million euros in 2026
The Investment and Development Bank (BID) plans to increase its capital by 100 million euros in 2026 to boost its financial intervention capacity, support a larger volume of investments and diversify the financial instruments available to companies, particularly SMEs and the public sector.'BID inte»»»
ASF: Gross written premiums on insurance market total RON 18.7 billion in first nine months
The value of gross written premiums on Romania's insurance market (companies authorised and supervised by the ASF and branches) amounted to RON 18.7 billion in the first nine months of 2025, up 11% compared with the same period last year, according to a report published by the Financial Supervisory»»»
BCR Lists Second €500M Eurobond on Bucharest Stock Exchange
Banca Comerciala Romana (BCR) listed on December 23 a new Eurobond issue on the Main Market of the Bucharest Stock Exchange (BVB), worth EUR 500 million. The bonds were listed on the Bucharest Stock Exchange under the ticker symbol BCR31E and have a maturity of 6 years. This is BCR’s second bond is»»»
Deposits of non-government resident customers up 1.5 percent in November 2025
Deposits of non-government resident customers rose by 1.5 percent in November 2025 compared to the previous month to RON 649,111.0 million, while the annual growth rate was 5.6 percent (-3.8 percent in real terms), the National Bank of Romania (BNR) informs.The RON-denominated deposits of residents»»»
BVB: 2025 confirms that Romania's capital market has entered a new stage of maturity
According to the president of the Bucharest Stock Exchange (BVB), Radu Hanga, Romania's capital market has entered a new stage of maturity in 2025, recording healthy growth supported by liquidity, a broader investor base and listed companies."2025 confirms that Romania's capital market has entered »»»
Loans to non-government sector up 0.3 percent in November 2025
At end-November 2025, loans to non-government sector granted by credit institutions increased 0.3 percent (-0.1 percent in real terms) from October 2025 to RON 446,769.3 million, the National Bank of Romania (BNR) informs.The RON-denominated loans, representing 68.7 percent of total volume of loans»»»
BNR: Quarterly reference rate for consumer loans falls to 5.68% per annum
The reference rate for consumer loans (IRCC) stands at 5.68% per annum, down from 6.06% per annum published three months ago, which had been the highest level recorded to date, according to data published by the National Bank of Romania (BNR).The index is calculated as the arithmetic average of the»»»
The French university where spies go for training
University professor Xavier Crettiez admits that he doesn't know the real names of many of the students on his course. This is a highly unusual state of affairs in the world of academia, but Prof Crettiez's work is far from standard. Instead, he helps train France's spies. "I rarely know the intell»»»
Saudi-backed Yemeni forces take control of territory from separatists - UPI.com
People take part in a protest against Saudi Arabia in the southern port city of Aden, Yemen, on December 30. File Photo by Najeeb Mohamed/EPA Jan. 4 (UPI) -- Saudi-backed government forces have reclaimed oil-rich territory from United Arab Emirates-supported, armed separatists in Yemen. The Souther»»»
Gov't okays contingent of 90,000 newly admitted foreign workers on Romanian labor market in 2026
The Government has okayed, for 2026, a contingent of 90,000 new foreign workers admitted to the Romanian labor market, to cover the personnel deficit in several fields, the Ministry of Labor announced on last Tuesday."The measure comes in the context in which employers have repeatedly reported vaca»»»
Managers from industry and retail estimate moderate decrease in economic activity in coming months
Managers from the industry, construction and retail trade sectors anticipate a moderate decline in economic activity and an upward trend in prices for December 2025 - February 2026 period, according to the National Institute of Statistics (INS) data.According to the survey, 17.5 percent of managers»»»
Strengthening India-Romania Economic and Technology Partnerships
In a key highlight last week, the Embassy hosted prominent Romanian business leaders for a special presentation on India’s rising economy, delivered by Mr. Bhuvnesh Kumar, Deputy Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, ...»»»
Net assets of investment funds increase by 3.2% in November
The net assets of the 250 open-end and closed-end funds, local and foreign, increased in November by 3.2%, to the level of 59.7 billion lei (11.7 billion euros), and for the entire year 2025 the increase is 23.5%, according to data transmitted by the Association of Fund Administrators (AAF).The net»»»
PwC: Deficit reduction target will only be achieved through firmness in managing public resources
The target of reducing the budget deficit will only be achieved through firm management of public resources and more efficient revenue collection, draw the attention of PwC Romania representatives."At the end of a difficult year, with many political turmoil, macroeconomic volatility and tax increas»»»