ABE NEWS

Trump’s 50% Canada Auto Tariff Could Hit Toyota and Honda Hardest — Putting Ontario’s Auto Industry in the Crossfire

  ABE NEWS | August 31, 2026 Canada’s escalating trade confrontation with the United States is threatening to hit two companies that are not Canadian and not American particularly hard. They are Japanese. Toyota and Honda have spent decades building enormous manufacturing operations in Ontario, turning Canada into an important production base for some of…

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Canada Backs €100 Billion Global Defence Bank — And Wants to Become a Financial Hub for the West’s Military Build-Up

  ABE NEWS | August 30, 2026 Canada is positioning itself at the centre of an ambitious attempt to transform how Western countries finance defence, as Prime Minister Mark Carney throws Ottawa’s weight behind a proposed international bank seeking to mobilize roughly €100 billion — about US$116 billion — for defence, security and military-industrial investment….

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U.S. Strikes Iran’s Larak Island as Tehran Retaliates Against American Bases — Strait of Hormuz Crisis Erupts Again

  ABE NEWS | August 30, 2026 The United States and Iran have exchanged direct military strikes again, abruptly ending weeks of relative restraint and threatening to push the Middle East back into another dangerous phase of a conflict that has already shaken global energy markets and disrupted one of the world’s most important shipping…

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37 Dead After Russian Drone Strike Triggers Massive Ammunition Depot Explosion Near Kyiv — Ukraine Opens Negligence Investigation

  ABE NEWS | August 29, 2026 At least 37 people have been killed after a Russian drone struck an ammunition storage facility near Kyiv, triggering enormous secondary explosions that tore through surrounding homes and a care facility in one of Ukraine’s deadliest attacks of 2026. The strike hit the village of Myla in the…

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ABE FOUNDERS | Elana Laichena Is Building Flowt to Solve One of Africa’s Biggest Business Problems: Getting the Money to Grow

 ABE NEWS | August 29, 2026 For many small businesses, growth begins with a frustrating contradiction. The customers are there. The product is selling. The entrepreneur knows that buying more inventory, adding equipment or expanding production could generate more revenue. But the money needed to make that next move isn’t there. For thousands of small…

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ABE ORIGINALS | AI Is Running Out of Room — The Global Race for the Electricity, Land and Infrastructure That Will Power the Future

  ABE NEWS | August 29, 2026 The artificial-intelligence race is usually presented as a competition between a handful of technology giants. OpenAI releases a new model. Google responds. Meta spends billions. Nvidia sells more chips. Governments announce national AI strategies, investors pour money into startups, and every few months another company promises that its…

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India Approves Jio’s $3.8 Billion IPO — Its Biggest Stock-Market Debut Could Be Coming

  ABE NEWS | August 29, 2026 India is preparing for what could become the biggest initial public offering in its history. Jio Platforms, the digital empire controlled by billionaire Mukesh Ambani’s Reliance Industries, has received approval from India’s securities regulator for an IPO expected to raise approximately $3.8 billion. The proposed offering would put…

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Trump Says U.S. Secured Control Over 65 Billion Barrels of Venezuela’s Oil — A Historic Energy Gamble Begins

  ABE NEWS | August 29, 2026 The United States is making an extraordinary move into Venezuela’s vast oil industry. President Donald Trump says Washington, working with Venezuela’s interim government and private companies, has secured majority control over more than 65 billion barrels of proven Venezuelan oil reserves — an amount equivalent to roughly one-fifth…

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Mutiny in Niger: Soldiers Attack Presidential Palace and Airport as New Power Struggle Erupts

  ABE NEWS | August 29, 2026 Niger has been plunged into a new political and security crisis after mutinous soldiers launched attacks across the capital, Niamey, targeting some of the most sensitive locations in the country — including the presidential palace, international airport and a major military airbase. Heavy gunfire and explosions echoed through…

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The Week in Business: Nvidia’s AI Boom, Canada’s Trade Shock, Meta’s $18 Billion Reckoning and Oil’s Wild Ride

  ABE NEWS | THE WEEK IN BUSINESS | August 28, 2026 It was a week when artificial intelligence delivered staggering numbers, Canada discovered its economy was stronger than expected just as another trade shock arrived, one of the world’s biggest social-media companies agreed to one of the most consequential settlements in the industry’s history,…

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