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…
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…
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…
ABE NEWS | August 28, 2026 Canada’s economy has delivered a surprisingly powerful comeback. After months of weak growth, recession fears and mounting pressure from its trade confrontation with the United States, the Canadian economy expanded at an annualized rate of 3.3% in the second quarter of 2026, its strongest pace of growth since…
ABE NEWS | August 27, 2026 The question hanging over the artificial-intelligence boom has been getting louder: How long can this extraordinary spending continue? Nvidia just delivered its answer. The world’s dominant supplier of artificial-intelligence chips reported another enormous quarter, with revenue reaching $96.2 billion, more than double the level recorded a year earlier….
ABE NEWS | August 26, 2026 One of the biggest legal battles over children, social media and the power of Big Tech has produced a landmark result. Meta Platforms, the parent company of Instagram and Facebook, has agreed to pay up to roughly $17.1 billion and make sweeping changes to how its platforms work…
ABE NEWS | WEDNESDAY, AUGUST 26, 2026 Dolly Parton, the country music superstar whose extraordinary journey took her from poverty in the mountains of Tennessee to global fame, Hollywood, business success and one of the world’s best-known children’s literacy programs, has died. She was 80 years old. Parton died Tuesday at Vanderbilt-Ingram Cancer Center…
ABE NEWS | TUESDAY, AUGUST 25, 2026 Canada has officially answered Washington’s latest tariffs, and the response marks another serious deterioration in one of the world’s largest and most deeply integrated trading relationships. The federal government announced Tuesday that it will impose new retaliatory tariffs on C$27.6 billion worth of goods imported from the…
ABE NEWS | MONDAY, AUGUST 24, 2026 China has a problem. The world’s second-largest economy is still growing, but one of the engines that helped power its extraordinary rise is moving in the wrong direction. Investment is falling. During the first seven months of 2026, China’s fixed-asset investment contracted 6.7%. Economic growth slowed from…
ABE NEWS | THE WEEK IN BUSINESS | FRIDAY, AUGUST 21, 2026 Some weeks in business are dominated by one enormous event. This wasn’t one of them. Instead, the global economy spent the week sending signals from almost every direction. The United States crossed $40 trillion in national debt. Long-term government borrowing costs reached…
