Global business news covers shifts in energy strategy, tech sector legal battles, and shifting economic data in the U.S. and China.

The U.S. administration is pursuing a strategic plan to secure a stake in Venezuelan oil reserves, leveraging partnerships with private entities despite logistical and security concerns.

Federal Reserve chair Kevin Warsh faces pressure over inflation and future rate decisions, while internal analysis shows the Fed is increasingly weighing the long-term impacts of AI on the national economy.

Leading tech companies, including Sony Music and Warner, have launched legal action against Anthropic, alleging widespread intellectual property theft in AI model training.

Chinese chipmaker ChangXin Memory Technologies (CXMT) reported an 870% surge in revenue, signaling a significant scale-up in domestic semiconductor capabilities.

Nvidia has initiated shipments of its H200 data-center processors to China, navigating new U.S. licensing frameworks while reporting minimal revenue impact from these specific sales.

The U.S. labor market is showing signs of a summer hiring slowdown, with experts suggesting the earlier momentum in employment growth is unlikely to see a quick recovery.

HDFC Bank, India's largest private lender, announced that CEO Sashidhar Jagdishan will not seek reappointment, marking a major leadership transition for the institution.

Global gold markets experienced a significant single-session price plunge on Saturday, triggering a broad sell-off across international trading platforms.