Trump says he has secured a vast U.S. stake in Venezuelan oil industry; At least 540 killed in floods; search on for hundreds...
News and markets
- Global headlines: Trump says he has secured a vast U.S. stake in Venezuelan oil industry (The plan involves the United States taking more direct control over Venezuelan reserves as crime and steep logistical challenges discourage private investors); At least 540 killed in floods; search on for hundreds missing at Nepal-China border (Fears of further flooding complicated recovery efforts, as authorities searched for people missing after floods struck the Himalayan border between Nepal and China); and Trump’s grab for Greenland rattles Iceland, which considers joining E.U. (Iceland will decide whether to restart talks on joining the European Union in a referendum on Saturday, with President Donald Trump's threat to annex Greenland a motivating factor).
- Markets leaned higher, with 4 of 7 tracked indexes up; Euronext 100 Index up 0.75% was the largest move.
- Benchmarks tracked: S&P 500, NASDAQ Composite, Euronext 100 Index, and Public Joint-Stock Company Moscow Exchange MICEX-RTS plus 3 more indexes.
Hacker News and Product Hunt
- Hacker News: Samsung's Processing-in-Memory (PIM) (In-memory compute with LPDDR5X); GUIs should be fully keyboard-driven (GUI applications should be fully driven by the keyboard using shortcuts); and Boot a Virtual iPhone via Apple's Virtualization.framework (Contribute to Lakr233/vphone-cli development by creating an account on GitHub).
- Product Hunt features RawToHEIC (Convert RAW to HEIC inside Apple Photos), Hy4 preview (Tencent’s 770B open model for long-horizon work), and publicdesktop.lol (Public computer of the internet).
Global Headlines
Top stories across selected outlets, presented in a fast daily brief format.
Trump says he has secured a vast U.S. stake in Venezuelan oil industry
The plan involves the United States taking more direct control over Venezuelan reserves as crime and steep logistical challenges discourage private investors.
At least 540 killed in floods; search on for hundreds missing at Nepal-China border
Fears of further flooding complicated recovery efforts, as authorities searched for people missing after floods struck the Himalayan border between Nepal and China.
Trump’s grab for Greenland rattles Iceland, which considers joining E.U.
Iceland will decide whether to restart talks on joining the European Union in a referendum on Saturday, with President Donald Trump's threat to annex Greenland a motivating factor.
Volkswagen CEO warns German workers of sweeping layoffs to come
The automaker, one of the nation’s biggest employers, could shed tens of thousands of jobs amid global market shifts driven by electrification, AI and autonomous driving.
Uganda declared Ebola-free even as Congo faces deadly, fast-growing epidemic
Uganda's final Ebola patient was discharged from hospital care on July 16.

Iceland heads to polls in knife-edge referendum on restarting EU talks
Amid economic and security challenges, Iceland is holding a referendum more than a decade after pausing accession talks.

Ecuador sentences ex-president Moreno to five years in jail in bribery case
Lenin Moreno, 73, has also been permanently barred from holding any public office in the future.

Nepal and China resume flood rescue as death toll surpasses 600
Rescue operations have resumed after a brief pause, but experts caution of danger from a newly formed lake.

Guinea-Bissau votes on a stronger presidency: What’s at stake?
The proposed constitution would give the president more power and reshape parliament and elections.

Trump announces ‘biggest oil deal in world history’ with Venezuela
US president says deal secures majority control of more than 65 billion barrels of proven oil reserves in Venezuela.

Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves
President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost.

Sae Joon Park, a Purple Heart veteran who self-deported, receives pardon
His removal order was triggered by two convictions from over 15 years ago, when he struggled with untreated PTSD. New York's governor said Park earned a "second chance through rehabilitation."

After 6 months of war, Iran's battered regime remains entrenched
Instead of collapsing, the Iranian regime has dug in its heels and taken an even harder line.

Fed's Kevin Warsh warns inflation is too high, sparking bets rate hikes are coming
Fed Chair Kevin Warsh reiterated his commitment to fighting inflation in a major speech — raising expectations that rate hikes may be coming, though he did not clearly spell out a path going forward.
New Jersey is a fossil hotspot, with answers about the day the dinosaurs died
Paleontologist Ken Lacovara never expected to find critical fossil data in a New Jersey suburb—let alone info about the asteroid that killed the dinosaurs. His dig site is now a fossil park and museum.

359 dead, 910 missing in Nepal's floods
KATHMANDU -- Nepal's National Disaster Risk Reduction Management Authority said that as many as 359 bodies had been recovered from flood-hit areas by Thursday evening, with 910 people still missing.

China's 'grass tech' helps reap rich harvest in Fiji
SUVA, Fiji — On a stretch of land once scarred by salt, rows of lush green grass now ripple in the Pacific breeze. Just a few years ago, little could grow here.

Tariffs may hit both US, Canada
Canada's new retaliatory tariffs will deepen the economic pain from its trade fight with the United States, with experts saying both countries will bear the costs.

Moldova eyes expanding cooperation with China
This year marks the 35th anniversary of the Republic of Moldova's independence, offering an opportunity to reflect on the steady development of Moldova-China relations over the past three and a half decades and to look ahead with confidence to the next stage of the bilateral partnership, said the Moldovan ambassador to China.

Rescue continues after deadly floods in Nepal

Suspected Pakistan drone triggers search operation along LoC in Poonch
Security forces launch search operation after a suspected Pakistani drone is spotted along the LoC in Poonch, Jammu.

Manufacture in India, build for world: FM Sitharaman
Finance Minister Nirmala Sitharaman invites global investors to leverage India's manufacturing and innovation potential for worldwide opportunities.

BJP worker caught photocopying 3,400 SIR forms with voter details in Navi Mumbai; 5 BLOs suspended
3,400 voter forms discovered at a Navi Mumbai shop lead to suspensions and clashes between Shiv Sena (UBT) and BJP activists.

CISF signs MoU to enhance counter-drone skills of security personnel
CISF signs MoU to boost counter-drone skills of security personnel, enhancing protection for critical national installations.

Congress chief Kharge must get justice, we demand FIR: Rahul Gandhi on rally venue ‘purification’ in Uttarakhand
Rahul Gandhi demands justice for Mallikarjun Kharge, calling for an FIR over BJP's 'purification' ritual in a venue in Uttarakhand.

Norway mourns King Harald as crowds gather at royal palace
Reuters: Norway mourns King Harald as crowds gather at royal palace.

EXCLUSIVE: Nepal's flood damage may cost up to a tenth of economy to rebuild
Reuters: EXCLUSIVE: Nepal's flood damage may cost up to a tenth of economy to rebuild.

Nepal wants technical help for flood, billions of dollars as bad weather hampers rescue
Reuters: Nepal wants technical help for flood, billions of dollars as bad weather hampers rescue.

China's CXMT to supply memory chip for Xiaomi's upcoming folding phone
Reuters: China's CXMT to supply memory chip for Xiaomi's upcoming folding phone.

War weighs on Iran's economy as US intensifies sanctions
Reuters: War weighs on Iran's economy as US intensifies sanctions.
Market Snapshot
Latest completed sessions across the selected benchmark indexes.
| Index | Region | Session Date | Value | Change | Direction |
|---|---|---|---|---|---|
S&P 500 | US | 2026-08-29 | 7711.76 | -19.23 (-0.25%) | Down |
NASDAQ Composite | US | 2026-08-29 | 26402.42 | -138.93 (-0.52%) | Down |
Euronext 100 Index | Europe | 2026-08-29 | 1927.16 | 14.26 (0.75%) | Up |
Public Joint-Stock Company Moscow Exchange MICEX-RTS | Europe | 2026-08-29 | 85.20 | -0.11 (-0.13%) | Down |
HANG SENG INDEX | Asia | 2026-08-29 | 25584.79 | 19.05 (0.07%) | Up |
Nikkei 225 | Asia | 2026-08-29 | 66405.56 | 273.59 (0.41%) | Up |
S&P BSE SENSEX | India | 2026-08-29 | 77264.51 | 330.91 (0.43%) | Up |
Hacker News
Ten notable links from the last day in the Hacker News ecosystem.
GUIs should be fully keyboard-driven
GUI applications should be fully driven by the keyboard using shortcuts
Boot a Virtual iPhone via Apple's Virtualization.framework
Contribute to Lakr233/vphone-cli development by creating an account on GitHub.
TurboKV: Insanely fast Rust key-value store
A fast, simple, and embedded key-value store for Rust. - kingroryg/turbokv
U.S. sanctions against the A/I Collective
Autistici/Inventati provides internet support to activists and collectives coming from the world of grassroot and social movements
e is a customizable self-aware Emacs-like editor written in Chez Scheme
A fully customizable self-aware Emacs-like editor written in Chez Scheme. - paveluv/e
I accidentally turned LLM memory into program analysis
Why I stopped trying to give LLM agents a better memory and instead built Lemmalog, a Datalog engine that maintains an agent's knowledge as analysis state, with provenance, retractions and incremental evaluation, plus what happened when I benchmarked it on LongMemEval and LoCoMo.
Does the Sumerian King List Align with Paleoclimate Events?
A statistical test of whether the Sumerian King List
Just the rumour of a bug is enough to find an exploit these days
Thinking through how the conventional OSS security embargoes no longer buy us time, and what open source maintainers might do instead to respond
Product Hunt
Featured products from the latest public Product Hunt listings.
Source Notes
Generation details, data coverage, and any partial-source warnings for this edition.