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What Does the Oil Tanker Seizure Mean for Venezuela’s Economy?

Seizures of more tankers could put a stranglehold on Venezuela’s economy, which is exceptionally dependent on oil to keep the government running and pay for basic necessities.

© Adriana Loureiro Fernandez for The New York Times

An oil tanker docked at Cardon Refinery in Venezuela, in 2021.
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Bessent Accelerates Regulation Overhaul to Jumpstart Growth

The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.”

© Tierney L. Cross/The New York Times

Treasury Secretary Scott Bessent argued that financial stability was best achieved through faster economic growth, which he said was constrained by unnecessary regulations.
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U.S. Helped to Weaken Report at U.N. Environment Talks, Participants Say

American officials joined Russia, Saudi Arabia and Iran in objecting to language on fossils fuels, biodiversity and plastics in a report that was three years in the making.

© Monicah Mwangi/Reuters

The opening session of the 7th United Nations Environment Assembly in Nairobi, Kenya, on Monday.
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The Hollywood Studio Tour Has Become a Lot of Nothing

It’s hard to make a movie studio tour exciting when movies aren’t made there anymore. “A vibe of tiredness, like the end of something,” one guest said.

Paramount’s Bronson Gate. David Ellison, the studio’s new owner, has said he will reinvest in the lot and release up to 20 films annually.
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Kristi Noem Testifies Before House Panel Amid Immigration Crackdown

Kristi Noem, the homeland security secretary, has overseen President Trump’s immigration policy, including efforts to detain more immigrants and pause visa applications.

© Anna Rose Layden for The New York Times

Kristi Noem, the homeland security secretary, faced a panel of lawmakers at a time when the federal government is stepping up its immigration enforcement efforts and seeking to increase deportations.
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What IndiGo Airline’s Meltdown Reveals About India’s Economy

A tangle of problems at IndiGo, the dominant carrier, resulted in gridlocked airports across the country. Worse, it was the symptom of an even bigger problem.

© Francis Mascarenhas/Reuters

An IndiGo flight prepares to land in Mumbai, India, earlier this month. Operation troubles at the airline led to snarled airports across the country recently.
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Judge Orders Kilmar Abrego Garcia’s Release From ICE Detention

The judge said it was “troubling” that the Trump administration had kept Kilmar Armando Abrego Garcia in custody for nearly four months without following through on its pledge to re-expel him.

© Tierney L. Cross/The New York Times

Kilmar Armando Abrego Garcia at a vigil in Baltimore on Aug. 25. He was detained again later that day and has been in custody since.
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This Isn’t the First Time the Fed Has Struggled for Independence

The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951.

© Anna Rose Layden for The New York Times

In the decades before 1951, the Federal Reserve functioned, to a large extent, as an adjunct of the Treasury and the White House.
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Why Oracle Is Worrying Investors About the A.I. Boom

Shares in the technology company are down as investors grow anxious that its bet on artificial intelligence, and OpenAI in particular, may not pay off.

© Haiyun Jiang for The New York Times

Investors are increasingly linking the futures of Oracle, led by Larry Ellison, center, and SoftBank, helmed by Masa Son, left, with OpenAI, Sam Altman’s A.I. giant.
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