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10:21 Qatar and Turkey sign a defense pact in Istanbul.

Money

Money

The biggest money stories of the past week, by attention.

Jensen Huang spying scandal — Photo: Anderseidesvik / CC BY-SA 4.0

MoneyJensen Huang spying scandal

Jensen Huang resigns as chief executive officer (CEO) and president of Nvidia and leaves the company's board following reports of two extramarital affairs, including one involving a suspected Chinese intelligence agent. Chief financial officer Colette Kress becomes interim CEO.

19:44 GMT

NVIDIA — Photo: Coolcaesar / CC BY-SA 4.0

MoneyChina–United States relations

NVIDIA announces it is opening an investigation into CEO Jensen Huang after American intelligence reported that a close associate of Huang was a spy for China. Huang admitted to an extramarital affair with the associate in a letter to the company earlier in the day.

14:41 GMT

Money

The Monetary Authority of Singapore launches a gold reserve service for foreign central banks, international financial institutions, and sovereign entities, and announces expanded tax exemptions for wholesale gold services.

08:15 GMT

Pedro Alliana — Photo: 總統府 / CC BY 2.0

Money2026 Paraguay banking crisis

Paraguayan president Pedro Alliana appoints economist Jorge Schreiner to lead the central bank following Ueno Bank's collapse. The Senate approves Schreiner's appointment.

21:24 GMT

MoneyEnergy crisis in Venezuela

The Venezuelan National Assembly unanimously approves a reform of the electricity law which allows private companies and joint ventures to invest in the nationalised electricity sector, which the government has controlled since 2007.

07:28 GMT

2026 Iran war fuel crisis — Photo: Wikideas1 / CC0

Money2026 Iran war fuel crisis

The German cabinet approves draft legislation establishing a strategic natural gas reserve of 24 terawatt-hours, equivalent to approximately 10% of national storage capacity, to maintain gas supplies during emergencies.

19:55 GMT

MoneyChina–United States trade war

The Chinese commerce ministry extends the suspension of export restrictions on certain rare earths, industrial diamonds, and lithium battery technology to January 10, 2027, amid ongoing trade negotiations with the United States.

05:11 GMT

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