News

Ukrainian Navy: Shot down Russian support ship in Sochi port.

[Blue Origin, Bezos's subsidiary, poached dozens of Amazon satellite engineers] Jeff Bezos's Blue Origin is developing its planned satellite network, and its employees are being poached from another Bezos-owned company—Amazon. According to LinkedIn data, the billionaire's space company has poached at least 47 senior employees from Amazon's Leo satellite project in the past year. Analysis of their online posts reveals that many are currently involved in the development of Blue Origin's emerging satellite communications project, TeraWave. Amazon Leo plans to begin selling broadband internet services to customers by the end of this year, eventually targeting homes, businesses, and governments worldwide. Blue Origin's TeraWave, announced in January, is seeking regulatory approval to build an equally ambitious satellite network of thousands of satellites to serve enterprise and government customers with high data transmission demands that previously required custom fiber optic connections.

A Reuters poll shows economists expect the European Central Bank to raise interest rates for the second time in September, after which it will stop raising rates.

A Reuters poll showed that 58 of the 64 economists surveyed expect the European Central Bank's deposit rate to reach 2.50% by the end of 2026 (compared to 55 of the 69 economists surveyed in August).

A Reuters poll of 65 economists showed that the European Central Bank expects to raise its deposit rate by 25 basis points to 2.50% at its meeting on September 10.

The Russian ambassador to Norway has demanded the release of the Russian ships.

Russian Ambassador to Norway: (Regarding Norway's seizure of Russian ships) Russia will appeal the court's ruling.

[Oman and Qatar Discuss Strengthening Cooperation] According to the Oman News Agency, Oman and Qatar have discussed strengthening cooperation in commerce, industry, and investment. The report also stated that the two sides explored new prospects for establishing partnerships in several areas of common concern. Oman and Iran have been negotiating for weeks on how to jointly manage the crucial Strait of Hormuz shipping lanes. Qatar is a key behind-the-scenes mediator between the United States and Iran and played a crucial role in facilitating a memorandum of understanding in June. This memorandum briefly led to a cessation of hostilities between the two sides, but the agreement has since expired.

A spokesperson for British Prime Minister Burnham said that Britain has summoned the Russian chargé d'affaires in the UK over the Leipzig airport attack.

Market news: British opposition leader Kemi Badnoch has called for increased defense spending.

Bank of Montreal: Raises its price target for Chevron (CVX.N) from $210 to $235.

Russian Deputy Prime Minister Novak: Russia is experiencing a gasoline shortage.

According to foreign media reports, the remote Bitalu Basin in northern Australia is gradually becoming a new focal point in discussions about Asian energy security. While current production in the basin remains limited, its true appeal lies in its resource potential. Companies involved in development estimate that the region's recoverable natural gas reserves are at least 200 trillion cubic feet, comparable in size to the Marcellus Shale in the United States. The Middle East conflict has further enhanced Bitalu's strategic value. The conflict in Iran and restrictions on passage through the Strait of Hormuz have severely impacted Qatar's LNG exports, with a monthly supply shortfall of approximately 6 million tons driving a significant tightening in the Asian LNG spot market. In contrast, Australian LNG exports do not rely on high-risk shipping chokepoints like the Strait of Hormuz and are closer to major Asian buyers. Even if a peace agreement is eventually reached in the Middle East, the current crisis may prompt Asian countries to reassess their energy supply security in the long term, placing greater emphasis on diversifying their supply sources. Asian natural gas demand is projected to grow by approximately 30% over the next 10 years. Against this backdrop, Bitalu is poised to become an important option for Asian markets seeking stable, low-geopolitical-risk natural gas supplies.

Russian Deputy Prime Minister Novak: The Russian market has an ample supply of diesel and aviation fuel.

Swedish central bank governor Töden said: There is spare capacity in the labor market, so economic growth is likely to occur in the short term without significantly pushing up inflationary pressures.

European Commission spokesperson: We are looking into how to further restrict visa entry.

A spokesperson for the European Commission said: "We are drafting a proposal on targeted visa restrictions to address security risks, particularly those posed by hostile actions from third countries."

Wells Fargo raised its price target for Chevron (CVX.N) from $226 to $230.

Wells Fargo raised its price target for Amazon (AMZN.O) to $338 from $328.

Japanese Finance Minister Satsuki Katayama: We maintain a sense of urgency since the joint foreign exchange action with the United States.