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….
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 | 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,…
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 | 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…
ABE NEWS | FRIDAY, AUGUST 21, 2026 Bitcoin is suddenly moving again. The world’s largest cryptocurrency surged above $76,000 on Friday, reaching its highest level in more than two months and putting it on course for a gain of roughly 20% this week — its strongest weekly performance in about two and a half…
ABE NEWS | THURSDAY, AUGUST 20, 2026 America just crossed a number that is difficult to even imagine: $40 TRILLION. The U.S. national debt officially reached $40.047 trillion, according to the Treasury Department. Of that, about $32.3 trillion is debt held by the public, while another $7.8 trillion is held within government accounts. Forty…
ABE NEWS | MONDAY, AUGUST 17, 2026 Canada just got another inflation warning. The country’s annual inflation rate climbed to 3.0% in July, reaching the top of the Bank of Canada’s 1%–3% inflation-control range. But before blaming rent. Or groceries. Or wages. Look at one number: 25.7%. That’s how much gasoline prices increased compared…
ABE NEWS ORIGINAL | SUNDAY, AUGUST 16, 2026 The stock market is breaking records. Corporate profits are strong. Inflation is cooling. And economists can point to plenty of numbers suggesting the American economy is still standing. There is just one problem. A lot of ordinary people don’t feel it. Ask someone whether the S&P…
