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Labor disaster as EV sales fall short of target despite discounts in the UK | news

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Britain’s electric vehicle campaign suffered a major setback in 2025, with sales missing the Labour government’s key target by a wide margin, while manufacturers spent billions of dollars in rebates to shift stocks. According to preliminary data from the Society of Motor Manufacturers and Traders (SMMT), battery electric vehicles (BEVs) captured only 23.4% of the market with 473,340 registrations, well below the headline 28% zero emissions vehicle (ZEV) mandate for the year.

Total new car registrations reached 2,020,373, up 3.5% from 2024 and exceeding two million for the first time since the pandemic, but industry leaders warned the EV shortage came at an unaffordable cost. Decarbonisation Minister Keir Mather insisted the £7.5 billion government investment was “boosting EVs” and vowed to maintain momentum through grants and more public chargers.

However, SMMT chief executive Mike Hawes said, “Amid tough economic and geopolitical constraints, the new car market has finally reached two million registrations for the first time this decade, which is quite a solid result.”

Growing EV consumption is undoubtedly positive.

Mr Hawes said, “Growing EV consumption is undoubtedly positive, but the pace is still too slow and the costs to the industry too high.”

He revealed that manufacturers offered rebates of £5.5 billion—the equivalent of more than £11,000 per EV sold—describing it as “unsustainable.”

Mr Hawes said, “This is increasing the number of battery electric vehicles being sold. The question is, at what price?”

They called on the government to bring forward a planned 2027 review of the ZEV mandate, highlighting “mixed messages” such as the November Budget announcement of a future pay-per-mile tax for EVs as well as the re-introduction of electric car grants of up to £3,750.

Mr Hawes warned, “Even announcing a tax specifically on EVs would send a very contradictory message to consumers.”

Eurig Drus, managing director of the UK group of Stellantis (owner of Vauxhall, Peugeot and Citroën), told the BBC that the UK is “continuing to lose its position in Europe and the rest of the world”.

Mr Druce urged an early review this year to give manufacturers “certainty” for investment decisions. The mandate allows flexibilities, including credits for the sale of low-emission petrol/diesel, thereby reducing the effective requirement by an estimated 20.4%, which the industry met and avoided widespread fines.

Petrol’s share fell from 52.2% to 46.4%, and diesel’s share fell from 6.3% to 5.1%, while non-plug-in hybrids increased slightly to 13.9%. Chinese brands experienced significant growth, capturing 9.7% of the market with 196,000 vehicles.

The top sellers overall were the Ford Puma and Kia Sportage, with Tesla’s Model Y the leading BEV.

Colin Walker of the Energy and Climate Intelligence Unit called 2025 “another bumper year for EV sales”, predicting profits for the second-hand market.

Tanya Sinclair, chief executive of Electric Vehicles UK, said EVs offer “strong value for money” and “best-in-class performance” but called for “clearer, more consistent policy signals”.

Ginny Buckley, chief executive of Electrifying.com, said, “Education will unlock the next wave of EV buyers, not uncertainty.” With the 2026 target rising to 33%, Labour comes under increasing pressure to resolve conflicting policies or risk blocking a 2030 ban on new petrol/diesel sales.



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Gold Price Forecast Today: Where are gold and prices headed in the near term? check approach

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Gold Price Forecast Today: Where is gold and prices headed in the near term? check approach
Gold may test resistance at $4550. Buying on dips is the preferred strategy. (AI image)

gold price prediction Today: Praveen Singh, Senior Fundamental Research Analyst – Currencies and Commodities, Mirae Asset Sharekhan, says gold prices are expected to continue rising as demand for the safe-haven asset is increasing. He provides the following outlook on gold prices:

  • On Monday, January 5, spot gold attracted bids for safe haven investments and rose by more than 2.5% as US President Trump raised geopolitical risks by capturing and removing Venezuelan leader Maduro, with whom other countries with strained relations could also be targeted.
  • The metal rose to $4456, its highest in a week.
  • At the time of writing, spot gold was trading at $4445, up 2.65% for the day, while the MCX February contract was up 1.65% at Rs 137,997.
  • Earlier, the shiny metal had fallen over 4% in the week ended January 2 due to profit-booking and selling related to margin hikes.

Eye on geopolitics:

  • Maduro’s forced ouster has sparked a new wave of geopolitical anxiety, especially in countries that have historically had uneasy relations with the United States. Many view this episode as part of a longer cycle of US intervention in Latin America – from early 20th-century regime change to Cold War-era intervention – raising fears that countries not perceived as friendly to Washington may face similar pressure.
  • The US operation in Venezuela is a forceful example of Washington’s apparent revival of the Monroe Doctrine, first expressed in 1823 to resist the influence of outside powers in the Western Hemisphere and later invoked in the 20th century to justify strategic interventions.
  • The Venezuela episode signals a clear message to contemporary rivals such as China and Russia: the Western Hemisphere remains firmly within the traditional US sphere of influence.
  • Geopolitical risks loom large: US President Trump has threatened military action against Colombia as he accuses the country of selling cocaine to the US.
  • Trump has once again expressed interest in Greenland as a strategic area for US interests.
  • On a show on NBC on Sunday, US Treasury Secretary of State Marco Rubio called Cuba a big problem.
  • Many Chinese social media users said the Venezuela operation provides a template for how China might handle the Taiwan issue.

Data Roundup:

  • The US ISM manufacturing index fell to 47.90 in December from 48.20 in November; the data lags an estimate of 48.20; thus, there was more contracting than expected. Manufacturing contracted for the tenth consecutive month, as it suffered its worst contraction since October 2025. ISM prices remained higher at 58.50, while new orders and employment contracted.
  • China’s Ratingdog PMI composite stood at 51.30 in December, beating the previous reading of 51.2, as the services index stood at an encouraging 52.

Upcoming Data:

  • Key US data this week include the ISM Services Index (January 7), JOLT Job Openings (January 7), the Non-Farm Payrolls report (January 9) and University of Michigan sentiment and inflation readings (January 9).
  • China’s PPI and CPI for the month of December will be released on January 9. China is to update its foreign exchange reserves data on January 7; in the process it will also update its gold holdings.
  • Eurozone key leads on deck include services PMI (January 6), CPI (January 7) and retail sales (January 9).
  • UK services and composite PMIs will be released on January 6.
  • Richmond Fed President Barkin Raleigh will speak on the economic outlook and monetary policy at the Chamber Economic Forecast 2026:

Fedspeak:

  • Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that interest rates may now be near neutral levels for the US economy. He said the incoming data should guide the central bank’s actions.

Dollar Index and Yields:

  • At the time of writing this article, the US Dollar Index was trading at 98.60, up about 0.20% for the day.
  • US 2-year yields fell 1 bps to 3.46%, while 10-year yields fell 2 bps to 4.17%.

ETF Holdings and COMEX Inventories:

  • As of January 2, total known global gold ETF holdings were 98.84 MOZ, down 0.1 MOZ for the week, although holdings remain near the highest level since September 2022.
  • Registered COMEX gold inventories remained unchanged at 19.362 MOz for the seventh consecutive day, as of January 2.

COMEX Gold Delivery:

  • COMEX gold deliveries stood at 369 units for the week ended January 2, the lowest weekly delivery volume since the third week of September.

CFTC data:

  • Updated CFTC data shows that investors are increasing their net long positions in many commodities, most notably gold, gasoline, copper and silver, as they increase their net long positions on commodity currencies like the Brazilian real and the Mexican peso.

gold price outlook,

  • Spot gold is expected to continue rising due to renewed safe-haven investment demand. The Caribbean geopolitical situation will provide an additional boost to global central banks’ drive to increase the share of gold in their foreign exchange reserves.
  • The exposure will come from US ISM services, JOLTs, and non-farm payroll data. Moreover, CME may further increase margins to curb speculative trends. Selling, induced by the rebalancing of commodity indexes, is another risk. The five-day index rebalancing will begin on January 8.
  • The metal may test resistance at $4550. Buying on dips is the preferred strategy.
  • Support is at $4393/$4296. Resistance lies at $4472/$4550.

Silver’s Perspective:

  • Silver, which was looking unstable due to geopolitical concerns, attracted new aggressive bids on Monday.
  • Total known global silver ETF holdings remain at 863.79 MOz, the highest since June 2022. Spot silver jumped more than 5% on January 5.
  • At the time of writing, the grey metal was trading at $77.63, up nearly 7% for the day. The March silver contract on MCX was up 4.70% at Rs 247,455.
  • The one-month silver lease rate remained at 8.52% and the highest since October 23.
  • Healthy risk appetite is also boosting silver prices.
  • Silver may have to test resistance around $80/$81. A rise to $85 cannot be ruled out if the US dollar weakens.
  • Support is at $75/$73.36/$72.50/$70. Resistance lies at $78.69/$80.72/$85.

Risks include index rebalancing sales, margin increases and the US data listed above; thus, buying on dips remains the preferred strategy, as the metal is quite stretched at current levels. Experts on the stock market, other asset classes, and personal finance management express their own recommendations and views. These opinions do not represent the views of The Times of India.

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The university in France is where spies go for training.

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BBC Students listening to a lecturer on the espionage course at Sciences Po Saint-Germain UniversityBBC
The course attracts both students in their early 20s and French government spies on the day of release

University professor Xavier Chrétien admits that he does not know the real names of many of the students on his course.

This is a highly unusual situation in the academic world, but Professor Crotz’s work is far from the norm.

Instead, he helps train spies for France.

He says, “When intelligence agents are sent on courses, I know very little about their backgrounds and I doubt whether the names I am given are real.”

If you want to create a setting for a spy school, the campus of Sciences Po Saint-Germain on the outskirts of Paris seems appropriate.

It has a very discreet feel, surrounded by dilapidated, even sad-looking buildings from the early 20th century, busy, dreary streets, and large, intimidating metal doors.

Where it stands out is its unique diploma that brings together beginning students in their 20s and active members of the French secret services, usually between the ages of 35 and 50.

The course is called Diploma sur le Rensignement et les Menaces Globales, which translates as Diploma of Intelligence and Global Threats.

It was developed by the university in collaboration with the Académie du Renseignement, the training arm of the French secret services.

This came after a request from French authorities a decade ago. Following the 2015 terrorist attacks in Paris, the government launched a major recruitment drive within French intelligence agencies.

The university in question is one of France’s leading institutions.

It asked Sciences Po, one of France’s leading universities, to come up with a new curriculum to train potential new spies and provide continuing training for current agents.

Large French companies also showed immediate interest in putting their security staff on the course and adding many young graduates.

Professor Xavier Chrétien stands in a garden at the Sciences Po Saint-Germain
Professor Xavier Cretiz says fighting financial crime is now a vital job for detectives

The diploma is made up of 120 hours of classwork with modules spread over four months. For external students – spies and those on placement from businesses – it costs around €5,000 ($5,900; £4,400).

The main objective of the course is to identify threats wherever they may be and how to track and overcome them. Major topics include the economics of organised crime, Islamic jihadism, business intelligence gathering, and political violence.

The French security services first cleared me to attend one of the classes and talk to the students. The topic of the lesson I attended was “Intelligence and Overdependence on Technology”.

One of the students I talk to is a man in his 40s named Roger. He tells me in very precise, clipped English that he is an investment banker. He adds, “I provide consultancy throughout West Africa, and I attended the course to provide risk assessments to my clients there.”

Professor Chrétien, who teaches political radicalism, says there has been a huge expansion of the French secret services recently. And what he called the “inner circle” now has about 20,000 agents.

It is composed of the DGSE, which handles matters abroad and is the French equivalent of the UK’s MI6 or the US’s CIA. The DGSI focuses on threats within France, similar to how Britain’s MI5 and America’s FBI operate.

But he says it is not just about terrorism. “There are two main security agencies, but Tracfin is also an intelligence agency that specialises in money laundering.

“It is particularly concerned by the increase in mafia activities in southern France, including corruption in the public and private sectors, mainly due to the massive profits made in illegal drug trafficking.”

Other lecturers on the course include a DGSE official who was once based in Moscow, a former French ambassador to Libya, and a senior Tracfin official. The head of security at French energy giant EDF also runs a module.

The private sector is reportedly showing a continuous increase in interest in diplomas. Big businesses, especially in the defence and aerospace sector, but also French luxury goods companies, are eager to hire students as they face constant cybersecurity and espionage threats as well as sabotage.

Recent graduates have been snapped up by French mobile phone operator Orange, aerospace and defence giant Thales and LVMH, which owns everything from Louis Vuitton and Dior to champagne brands Dom Pérignon and Krug.

This year’s class enrols twenty-eight students. There are six spies. You can tell who they are because they’re the ones huddled together during class recess, away from the younger students, and not overwhelmed with joy when I approach them.

Without explaining their exact roles, and crossing arms, one says that the course is supposed to be a quick step for promotion from office to fieldwork. Another says that he acquires new ideas in this educational environment. He signed the day’s attendance form with only his first name.

One of the younger students, 21-year-old Alexandre Hubert, says he wanted a more profound understanding of the impending economic war between Europe and China. “It is not relevant to look at intelligence gathering from a James Bond perspective; the job is to analyse the risk and figure out how to counter it,” he told me.

Valentine Guillot, a 21-year-old student, cites the popular French TV detective drama Le Bureau as her inspiration. “Coming here to discover this world that I knew nothing about apart from TV series has been a remarkable opportunity, and I am now very keen to join the security services.”

Students Alexandre Hubert and Valentine Guillot stand in class and smile at the camera
Alexandre Hubert and Valentine Guillot, two students in the class, expressed their happiness when photographed.

About half the students in the class are actually women. And this is a relatively recent development, according to Sébastien-Yves Laurent, a lecturer who specialises in espionage technology.

“Women’s interest in intelligence gathering is new,” he says. “They’re interested because they think it will provide a better world.

“And if there’s one common thing among all these young students, it’s that they are very patriotic and that’s new compared to 20 years ago.

If you are interested in applying to join the course, French citizenship is a mandatory requirement, although some dual citizens are accepted.

Students at Sciences Po Saint-Germain on a diploma course, some of whom stand with their backs to the cameraSciences Po Saint-Germain
In a recent class photo, some students chose to stand with their backs to the camera

Still, Professor Crotz says they have to be careful. “I regularly receive applications from extremely attractive Israeli and Russian women with amazing CVs. Not surprisingly, they are immediately rejected.”

In a recent group photo of the class, you can immediately tell who the detectives are – their backs were to the camera.

While the students and professional spies I meet are all hardy and muscular, Professor Crotty is also keen to dispel the myth of the James Bond-like adventurer.

“Only a few new recruits will enter the fray,” he says. “Most jobs in French intelligence agencies are desk-bound.”

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Denmark’s Prime Minister calls on Trump to “stop making threats” about Greenland

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Denmark’s prime minister on Sunday called on President Trump to “stop threatening” to annex Greenland after the US president reiterated his desire to annex the Danish territory.

Since returning to the White House a year ago, Mr Trump has repeatedly claimed that making Greenland part of the United States would serve US national security interests, given its strategic location in the Arctic. Greenland is also rich in key minerals used in high-tech sectors.

Trump’s latest comments on Greenland

In a letter published on Sunday, Mr. Trump reiterated his desire to annex Greenland, following his latest comments in an interview with Atlantic.

“We urgently require Greenland. We need it for defence,” he told the magazine.

Later that night, Mr Trump again told reporters aboard Air Force One, “We need Greenland from a national security standpoint, and Denmark is not going to be able to do that.”

“We’ll be worrying about Greenland in about two months,” Mr Trump said. “Let’s talk about Greenland in 20 days.”

His comments came a day after US forces captured the former Venezuelan leader Nicolas Maduro and his wife during an overnight raid in Caracas. This raised concerns in Denmark that the same could happen in the Danish territory of Greenland.

Danish Prime Minister Mette Frederiksen said in a statement on Sunday that “it makes absolutely no sense to talk about the need for the United States to annex Greenland.”

He said, “America has no right to occupy any of the three countries of the Danish Empire.” “So I would strongly urge the United States to stop making threats against a historically close ally, another country, and others who have said very clearly that they are not for sale,” she said.

In December, Mr. Trump nominated Louisiana Governor Jeff Landry as the special envoy to Greenland, drawing renewed criticism from Denmark and Greenland.

Denmark’s reaction followed Katie Miller’s social media post.

And on Saturday, the wife of one of Mr. Trump’s most influential aides sparked criticism when she posted on social media a photo of Greenland painted with the colours of the United States flag.

Katie Miller, the wife of Mr. Trump’s deputy chief of staff Stephen Miller, controversially shared an altered image of the Danish autonomous region on her X feed late Saturday night, following a US military operation against Venezuela.

At the top of her post was one word: “Soon.”.

In response, Danish Ambassador to the US Jesper Moeller Sorensen reacted on Sunday with my post. “We expect full respect for the territorial integrity of Denmark” is written above the image of Katie Miller.

“We are close allies and we must continue to work together,” Sorensen said about Denmark’s relations with the United States. He stated that the two countries “work together to ensure security in the Arctic” and that they would “significantly boost their Arctic security efforts” in 2025, demonstrating how seriously they take their “joint security.”

Greenland’s Prime Minister Jens-Frederik Nielsen also expressed his reaction. On social media he described Miller’s post as “offensive” but added that it “changes nothing” about his country’s freedom.

“Our country is not for sale and our future is not determined by social media posts,” Nielsen said in a statement translated from Greenland. “We are a democratic society with autonomy, free elections and strong institutions. Our position is clearly enshrined in international law and internationally recognised agreements. The fight continues.”

Stephen Miller is widely considered the architect of most of Mr Trump’s policies, guiding the president on his hardline immigration policies and domestic agenda. Katie Miller was deputy press secretary at the Department of Homeland Security during Mr Trump’s first term.

She later worked as communications director for then-Vice President Mike Pence and also served as his press secretary.



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A junk food TV and online advertising ban comes into force.

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A junk food TV and online advertising ban comes into force.

PA Media A stack of six cheeseburgers is placed on top of a portion of chips in front of a black background. pa media

Junk food adverts have been banned on television and online from Monday as part of a campaign to tackle childhood obesity.

Foods and drinks high in fat, salt, and sugar (HFSS) have been banned from being advertised on TV before 21:00 and online at any time, under a UK-wide ban.

This applies to products that are known to be the biggest drivers of childhood obesity, including soft drinks, chocolate and sweets, as well as pizza and ice cream.

Since October, the Food and Drink Federation (FDF) has voluntarily adhered to the new restrictions, demonstrating its commitment to promoting healthier eating habits.

In addition to more obviously unhealthy foods, the ban also includes some breakfast cereals and oatmeal, sweetened bread products, and main meals and sandwiches.

As well as more obviously unhealthy foods, the ban also includes some breakfast cereals and oatmeal, sweetened bread products, and main meals and sandwiches.

The decision about which products fall under the ban is based on a scoring tool that balances their nutrient levels with whether they are high in saturated fat, salt, or sugar.

Plain oats and most porridge, muesli, and granola are not banned by the action, but some versions with added sugar, chocolate, or syrup may be affected.

Companies can still promote healthier versions of banned products, which the government hopes will help food manufacturers develop healthier recipes.

Josh Tilly, brand strategy director at marketing agency Initials CX, said companies will still be allowed to advertise their brands in general, but not specific products.

Advertisements containing “things like the PepsiCo logo or McDonald’s arches” will not be banned, he said, meaning larger companies may be less affected by the new restrictions.

“Smaller companies can’t necessarily afford those big brand campaigns,” Tilly said. Their advertising is based on “educating people” about specific products, “and they won’t be able to do that anymore.”

The ban only includes ads that may feature unhealthy products being seen by viewers. Fast-food companies will still be able to advertise using their brand names.

Previously, the HFSS forbade food and beverage advertisements on any platform where more than 25% of the audience was under 16.

Companies that do not comply with the new rules risk action by the Advertising Standards Authority (ASA).

NHS data shows that almost one in 10 (9.2%) of reception-aged children are now living with obesity, while one in five have tooth decay by the age of five.

Obesity is estimated to cost the NHS more than £11 billion every year.

Evidence suggests that exposure to unhealthy food advertisements may affect what children eat from a young age, resulting in an increased risk of being overweight or obese.

The government estimates that the advertising ban would prevent approximately 20,000 cases of childhood obesity.

Katherine Brown, professor of behaviour change in health at the University of Hertfordshire, said the ban was “long overdue” and “a step in the right direction.”

He said, “Children are susceptible to aggressive marketing of unhealthy foods and exposure to them increases their risk of developing obesity and related chronic diseases.”

Ms. Brown called on the government to make nutritional options “more affordable, accessible, and attractive.”

According to the FDF, manufacturers are “committed to working in partnership with the government and others” to help people make healthier choices.

It said, “Investing in developing healthier products has been a key priority for food and drink manufacturers for many years, and as a result, our members’ products now contain one-third the salt and sugar and one-quarter the calories compared to ten years ago.”

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Trump Wants Venezuelan Oil: Will His Plan Work?

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Trump Wants Venezuelan Oil: Will His Plan Work?

We are conducting an analysis to determine the effectiveness of Trump’s plan to secure Venezuelan oil, taking into account the sanctions, production capacity, and geopolitical implications of this energy strategy.  Trump wants Venezuelan oil as part of a broader energy agenda.

As energy security remains a top-tier economic and geopolitical issue in the United States, a significant policy shift appears to be taking shape. Former President Donald Trump has signalled a clear strategic intent: Trump wants Venezuelan oil to flow more freely to American refineries, reversing years of restrictive sanctions. But beyond the headline-grabbing statements, critical questions remain about feasibility and consequence. Will his plan work? The answer depends on a complex web of geopolitical manoeuvring, economic realities, and Venezuela’s crippled production capacity.

The Strategic Goal: Why Venezuela?

The core reasoning behind why Trump wants Venezuelan oil is multifaceted, blending energy policy with broader strategic aims.

1. Energy Security & Diversification
Reducing reliance on Middle Eastern oil and, more recently, Russian energy has been a longstanding U.S. goal. Venezuela possesses the world’s largest proven oil reserves, estimated at over 300 billion barrels—even larger than Saudi Arabia’s. Tapping into this nearby resource would geographically diversify the U.S. supply chain and provide a stable source for specialised Gulf Coast refineries built to process Venezuela’s heavy crude.

2. Economic Leverage & “Cheap Oil”
A central promise is lowering prices at the pump. The theory is straightforward: increasing global supply by adding Venezuelan barrels to the market would exert downward pressure on prices. Furthermore, securing a favourable trade deal could give the U.S. preferential pricing, directly benefiting consumers and industry.

3. Geopolitical Chess: Countering Russia & China
Under stringent U.S. sanctions, Venezuela’s President Nicolás Maduro has deepened ties with the U.S. adversaries. Russia provides military and political support, while China has become a crucial financial lender and oil customer, often through opaque deals. By reintegrating Venezuela into the Western oil market, the U.S. could weaken these alliances and reassert influence in its hemisphere.

The Central Question: Will His Plan Work?

Whether the plan for Trump to want Venezuelan oil will succeed is not a simple yes or no. Its viability hinges on several interconnected factors.

Factor 1: Lifting or Easing Sanctions
The primary tool for re-engagement would be a significant rollback of the strict oil and financial sanctions imposed during the Trump administration and tightened under Biden. However, this is politically fraught.

  • Pros: Would immediately allow U.S. companies like Chevron (which already has a limited licence) to invest heavily and restart trade.
  • Cons: It could be portrayed as rewarding the authoritarian Maduro regime without securing concrete democratic concessions, drawing bipartisan criticism.

Factor 2: Venezuela’s Crumbling Infrastructure
This is arguably the biggest practical hurdle. Decades of mismanagement, corruption, and lack of investment have devastated Venezuela’s oil industry.

  • Production Reality: Output has plummeted from over 3 million barrels per day (bpd) in the 1990s to roughly 800,000 bpd today.
  • Investment Need: Experts estimate it would require billions of dollars and 5–10 years of sustained Western investment and expertise to restore production to a level that would meaningfully impact global markets. PDVSA, the oil giant, has completely collapsed.
The broken state of Venezuela's oil infrastructure – a key obstacle to any plan.

Factor 3: The Political Settlement
A lasting deal requires stability. The U.S. would likely demand guarantees for free elections and protections for opposition figures. Maduro, however, has a history of backtracking on agreements. A failed political deal could strand billions in the U.S. investment and leave the policy in tatters.

Factor 4: The Global Market & OPEC+ Reaction
Flooding the market with new supply would anger OPEC+ members, particularly Saudi Arabia and Russia, who have coordinated cuts to prop up prices. They could respond with increased production of their own, potentially triggering a price war that could hurt U.S. shale producers.

Factor 5: Domestic U.S. Political Backlash
Both political factions and the influential Venezuelan exile community in Florida could fiercely oppose any perception of “making a deal with a dictator“. Legal challenges could also delay or complicate the process.

Potential Scenarios & Outcomes

Scenario 1: The “Limited Deal” (Most Likely)
A partial sanctions relief tied to specific electoral roadmaps and limited to certain U.S. companies. This would lead to a modest, gradual increase in Venezuelan output (perhaps 200,000–400,000 bpd), providing a marginal boost to supply but not dramatically altering global markets. This is the most probable short-term outcome.

Scenario 2: The “Grand Bargain” (High Risk/Reward)
Full sanctions relief in exchange for a verifiable democratic transition. If successful, this could unlock massive investment and, over a decade, significantly increase global supply. However, it carries the highest risk of political collapse and betrayal.

Scenario 3: Policy Reversal & Failure
Political pressure or Venezuelan non-compliance leads to a reinstatement of sanctions. The plan collapses, leaving the status quo of strained relations, continued migration crises, and stronger ties between Caracas, Moscow, and Beijing.

Conclusion: A High-Stakes Gamble

The declaration that Trump wants Venezuelan oil outlines a clear geopolitical ambition with potential economic benefits for Americans.  Will his plan work?  In its most ambitious form—rapidly lowering gas prices and replacing Russian barrels—it faces immense, perhaps insurmountable, obstacles rooted in Venezuela’s broken industry.

A more limited version, focused on incremental gains and geopolitical realignment, stands a better chance. Ultimately, the plan’s success depends less on American desire and more on navigating Venezuela’s internal ruin, securing a stable political deal where none has existed, and managing the ripple effects across the global oil cartel. It is a high-stakes gamble where the prize is immense energy resources, but the path is strewn with political, economic, and logistical landmines. The world will be watching to see if the gamble pays

Timothée Chalamet and Jessie Buckley big winners at Critics’ Choice Awards, according to ants and art news

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Timothée Chalamet and Jessie Buckley have won big acting prizes at the Critics’ Choice Awards, which kicked off Hollywood’s awards season.

Both stars are widely predicted to be in the race for an Oscar. When the nominations are announced later this month and this weekend, the nominees will also be at the Golden Globes Celebration.

One on One Fight, starring the nominee Leonardo DiCaprio, was named Critics’ Choice Best Film and filmmaker Paul Thomas Anderson won the Best Director award.

Host Chelsea Handler and actress Kate Hudson on stage. Photo: AP
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Host Chelsea Handler and actress Kate Hudson on stage. Photo: AP
Teen Titans star Owen Cooper won another award for his performance in the critically acclaimed series. Photo: AP
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Teen Titans star Owen Cooper won another award for his performance in the critically acclaimed series. Photo: AP

In the TV categories, acclaimed British drama Adolescence won four awards, including the acting award for Stephen Graham, Erin Doherty, and the show’s young star, Owen Cooper.

Choice Awards,

The Critics’ Choice Awards, hosted this year by comedian Chelsea Handler in Santa Monica, California, honour the year’s best in film, streaming and television as voted by critics and journalists and are seen as an early indicator in the Oscar race.

Chalamet He won best actor for his role as a young man who dreams of becoming table tennis champion in Marty Supreme – and he thanked his girlfriend, Kylie Jenner. Also director Josh Safdie gave his acceptance speech.

The American star said, “Josh, you created a story about a flawed man with a relatable dream, and you didn’t preach to the audience about what’s right and what’s wrong.” “And I think we should all tell stories like this.”

Chalamet and Kylie Jenner at the screening of Marty Supreme in Beverly Hills in December. Photo: Reuters/Mario Anzuoni
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Chalamet and Kylie Jenner at the screening of Marty Supreme in Beverly Hills in December. Photo: Reuters/Mario Anzuoni

The 30-year-old actor said, “Finally, I would like to express my sincerest gratitude to my partner of three years. Thank you for being our foundation. I love you. I couldn’t have done this without you. I am deeply grateful to you.

Chalamet, who was Oscar nominated last year for playing Bob Dylan in A Complete Unknown, collected the gong the day after accepting the Spotlight Award at the Palm Springs International Film Awards.

Jessie Buckley pays tribute to ‘heart legend’ Paul Mescal.

Jessie Buckley was named Best Actress for Hamnet. Photo: AP
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Jessie Buckley was named Best Actress for Hamnet. Photo: AP
Katherine LaNasa won Best Supporting Actress in a Drama Series for The Pit. Photo: AP
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Katherine LaNasa won Best Supporting Actress in a Drama Series for The Pit. Photo: AP

Irish actress Jessie Buckley was awarded Best Actress for her performance in the historical drama Hamnet.

The film, which is based on the novel of the same name by Maggie O’Farrell, explores the relationship between William Shakespeare and his wife, Agnes Hathaway – historically known as Anne – following the death of their 11-year-old son.

During her speech, Buckley thanked director Chloé Zhao and co-stars Paul Mescal and Emily Watson.

Read more:
Most awaited films of 2026
Here is a potential replacement for the International Space Station.

Jimmy Kimmel wins Best Talk Show for Jimmy Kimmel Live! Photo: AP
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Jimmy Kimmel wins Best Talk Show for Jimmy Kimmel Live! Photo: AP
Trammell Tillman won Best Supporting Actor in a Drama Series for Severance. Photo: AP
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Trammell Tillman won Best Supporting Actor in a Drama Series for Severance. Photo: AP

“Chloe Zhao, you remind me of the power of telling a story and the journey you can take to touch the deepest parts of being alive. Thank you,” she said.

“Paul, I love you very much – and I know a lot of the other women in this room do too – but there’s a lot of bullshit.

“I can drink you like water by working with you every day. You have a giant heart and thank you so much for making me a little more human.”

In the Netflix series Adolescence, which was one of the platform’s most watched titles in 2025, a 13-year-old boy is arrested for the murder of a classmate.

Kpop Demon Hunters' lead track Golden received the award for Best Song. Photo: AP
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Kpop Demon Hunters’ lead track, Golden, received the award for Best Song. Photo: AP

Teen star Cooper, now 16, won best supporting actor in a limited series, while his co-stars Graham and Doherty took home awards for best actor and best supporting actress in a limited series, respectively.

Critics’ Choice Awards The latest in a series of awards the show and its cast have received, which also includes many Emmys. The stars are also gearing up for the Golden Globes this weekend.

“The past year has been a complete whirlwind for me and my family,” Cooper said in his speech. “Honestly, it has changed our lives forever and we will be forever grateful.”

Bridget Jones: Mad About the Boy won Best Movie Made for Television, while horror film Sinners won in four categories, including Best Casting and Best Ensemble, and K-pop Demon Hunters’ lead track, Golden, won Best Song.

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Gaza PhD scholar now baker to feed family, others amid Israel’s war Israel-Palestine conflict news

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‘It is my mission to teach Palestinian students, even if I have to build a classroom brick by brick,’ says Bader Salah.

Badr Salah is one of many Palestinian scholars from Gaza who have had to close their books amid Israel’s genocidal war on the enclave.

Salah, who was displaced several times with his family from Burij in central Gaza, started baking bread to feed them during the war.

But he still has a dream to enrich the minds of students in Gaza who have suffered deaths in their families, the loss of their homes, and the destruction of their schools and education.

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He said, “The war was hard for everyone. We were tortured and humiliated.”

“Out of a desperate need, we built a brick oven to make bread for our children,” Salah told Al Jazeera.

“We had to cook food to feed our children and other people,” he added.

Palestinian academic turned baker
Badr Salah is depicted baking bread [Screengrab/Al Jazeera]

Palestinians have always been deeply committed to learning.

Before Israel’s war, the education sector in Gaza was thriving, and literacy rates were reported to be among the highest in the world.

According to the Palestinian Central Bureau of Statistics, the illiteracy rate among Palestinians aged 15 and older was 2.1 per cent in 2023.

Salah said he was always committed to his studies from childhood to adolescence before earning master’s and doctoral degrees in Egypt and returning to Gaza to serve his homeland.

“[After I came back], I submitted all my certificates to universities in the hope of starting my teaching career,” he told Al Jazeera.

“But then disaster struck – the war started.”

Salah’s wife and son left Gaza for medical reasons, while he remained behind during the war.

“It was difficult for me,” he said. My son’s medical needs were more important, so I stayed back with other members of my family.”

educational system ruined

According to a UNICEF report released in November, Gaza’s education system is “on the verge of collapse”, with more than 97 per cent of schools damaged or destroyed.

The report said 91.8 per cent of all education facilities require either complete reconstruction or significant rehabilitation to make them functional again.

Local reports indicate that all 12 universities in Gaza have suffered complete or partial destruction, rendering them unusable.

Slah said he was determined to pursue his career as the ceasefire was in force in Gaza, adding, “Patience and determination are part of our DNA.”

He said, “I will work as a teacher, even in a tent. It is my mission to teach Palestinian students, even if I have to build a classroom brick by brick.”

“My hopes are still high; I am sure that I will make my dream come true soon.”

Palestinian academic turned baker
Salah says he is committed to his career [Screengrab/Al Jazeera]

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Was the US invasion of Venezuela and the capture of Maduro legal? , American news

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It appears that Donald Trump’s administration went rogue with its attack in Venezuela, which led to the capture of President Nicolas Maduro.

More than 150 aircraft were involved in a daring operation in which echoes of the explosions were seen in Caracas, and Maduro and his wife, Cilia Flores, were detained before being flown to New York, where they face narco-terrorism charges.

United Nations (UN) Secretary-General Antonio Guterres, along with member state governments including France, Spain, Canada and Germany, has questioned whether the US military operation violated international law.

Follow live: Trump issues new warning to Venezuela

Sir Keir Starmer and his government have so far refused to say, ‘Do they believe Mr Trump went against the law?’

Sky News spoke to legal experts about whether the attack was legal and what implications it could have around the world.

Maduro transferred to court: as it turned out

Experts say America has broken international law

Mariano de Alba, A Venezuelan A lawyer specialising in international law for the International Institute for Strategic Studies told Sky News that there was “no legal justification” for the US attack.

Legal commentator Joshua Rosenberg agreed, saying, “International law prohibits invading another country and capturing its president.”

Both experts cited an article of the UN Charter, which is an agreement between all UN member states, that reads: “All Members shall refrain in their international relations from the threat or use of force against the territorial integrity or political independence of any State or in any other manner inconsistent with the purposes of the United Nations.”

Venezuela’s army has some ‘very impressive kit’

Both the US and Venezuela are members of the United Nations.

Mr Rosenberg said, “The United Nations can authorise the use of force, but it has not done so here. There is a right to self-defence, but it only applies if there is an armed attack against a member state. Now, whatever argument President Trump may make, I think it will be substantial.”

Mr de Alba said the attack “sets a worrying precedent for the region, because it simply means that the current US administration is willing to go against the basic rules of international law to try to impose its decisions, its will.”

He added, “I think it also sets a worrying precedent for the rest of the world because it opens the door to possible justification for action by other world powers like China and Russia… [to do] the same things.”

Mr Rosenberg agreed, saying, “Of course, there is concern that if President Trump can do it, what can President Putin do? [or] “What if President Xi wanted to attack Russia or China or a neighbouring country like Ukraine or Taiwan?”

How is America justifying the attack?

The Trump administration has long accused Venezuela of failing to cooperate with domestic criminal groups in anti-drug efforts.

Maduro was charged with narco-terrorism in the United States in 2020. Specifically, he has been charged with narco-terrorism conspiracy, cocaine importation conspiracy, possession of machine guns and destructive devices, and conspiracy to possess machine guns and destructive devices against the United States.

America is trying to rule Venezuela with ‘remote control’

It is also believed that he illegally declared himself the winner in the last general election and launched a campaign of fear and repression; for years, thousands of opposition supporters and political enemies were arrested and imprisoned.

Since coming to power in 2013, Maduro’s regime has also been linked with terrorist organisations internationally.

Mr Rosenberg said, “You could well say that Trump … is protecting the US from cocaine trafficking, protecting the rest of the world from Venezuela’s ties to terrorist groups in other parts of the world, particularly Iran.

“So there is every justification from a political standpoint for what President Trump is trying to do.”

Read more:
Why can’t Trump stay in Venezuela?
Why is Trump interested in Venezuelan oil?
Analysis: Maduro’s rule was disastrous

But both he and Mr de Alba agree that these objectives still do not justify a U.S. Under international law, a U.S. military operation is not justified.

Mr Rosenberg said that in these circumstances, you would typically see a leader extradited rather than captured through military intervention.

Could this lead to similar US attacks in other countries?

Mr Rosenberg suggested that Mr Trump would pay little attention to what U.N. leaders say, even if they condemn his military intervention in Venezuela, and that he is pushing for a “new world order”.

And, after promising to “steer” Venezuela until a “safe, just and prudent transition” of power, Mr Trump appears to be threatening other countries with similar behaviour to achieve his foreign policy goals, like Colombia and Cuba.

But Mr de Alba said he believed the U.S. government would have even fewer grounds for such action in other countries.

“I think in the case of Colombia and Mexico, the U.S. The U.S. administration will need to exercise more caution in Colombia and Mexico because, to act similarly, they would require a president in those countries who is not duly elected. That’s not the case with Mexico and Colombia.

“And they will also need indictments by American courts against the people they are going to go after.”

He suggested that the Trump administration was more interested in “showing a lot of force” through the Venezuela attack to “coerce” governments in Latin America, rather than attacking them next.

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‘Not playing to survive’: Joe Root defends Smith’s approach after poor dismissal in the fifth Ashes Test | Cricket News

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'Not playing to survive': Joe Root defends Smith's approach after poor dismissal in fifth Ashes Test
On day two of the Fifth Test in the 2025/26 Ashes Series, Michael Neser of Australia dismisses Joe Root of England.
Ashes Series at Sydney Cricket Ground on January 05, 2026, in Sydney, Australia. (Photo/Getty Images)

England batter Joe Root defended teammate Jamie Smith after his dismissal in the first innings of the final Test in Sydney.

saying a batter’s role is to score runs and not just stay at the crease. Root stated that England was attempting to rapidly accumulate runs prior to the introduction of the second new ball.

Jamie Smith’s Ashes campaign continued to be difficult as he fell four runs short of a second half-century in the series.

He was dismissed after getting started, with a commentator describing the shooting as “brainless.”

Smith backed away to hit a shoulder-high short ball over the off side but found Scott Boland at deep cover.

He was dismissed by part-time pacer Marnus Labuschagne for 46 off 76 balls. After his dismissal,

The new ball was taken five or six overs later. The strategy, according to Root, was to maximise the number of overs before the first ball.

The second new ball was entirely different, and we aimed to maximise the 10-over period before facing it,” Root told reporters after the end of play.

“You can earn an additional 20 runs, which could make a significant difference later in the match.” Therefore, there was a specific strategy behind our approach.

We are constantly trying to move the game forward. It was not simply a matter of stating, ‘Right, we are going to aim for 15 runs per over in the next phase.’

“But when you see an opportunity, you must back yourself to make the right decisions,” he added.

Root said batters will make mistakes.

Root said batters will make mistakes and need to learn from them without being too harsh or too relaxed.

Given his achievements in his career thus far, I am confident that he will find a method to adopt that mindset the next time he takes the field.

When a batter fails to succeed, it may appear a certain way, but the intention is never to get out. a batter,

Your job is not to survive; it is to score runs.

You cannot win games just by surviving.

You have to score more runs than the opposition. “It is important to ensure that you have a good method for achieving that,” Root said.

He has scored 185 runs in five tests during the series, with an average of 23.12 and a strike rate of 74. He has one fifty in nine innings, with a best score of 60.

Root also spoke about vice-captain Harry Brook, who missed out on a maiden Ashes hundred in Australia.

He said Brook should take confidence from his innings.

“Brooky played exceptionally well, and it was a vital partnership for us to play in that manner,” Root said. “

I hope he gains a huge amount of confidence from that and does not look back at it with regret.

It could be a vital innings in the context of this game,” he added. Brook is the third-highest run-scorer in the series with 316 runs from five matches at an average of 39.50 and a strike rate of over 81.

He has one fifty. England resumed day two at 211 for 3, with Root on 72 not out and Brook on 78 not out.

Brook was dismissed for 84 off 97 balls, which included six fours and a six. Root went on to score 160 off 242 balls with 15 fours.

England also received support from Smith, who made 46, and Will Jacks, who scored 27 off 62 balls. England was bowled out for 384 in 97.3 overs.

Michael Neser was the leading wicket-taker for Australia with figures of 4 for 60. Mitchell Starc and Scott Boland took two wickets each.

At the end of day two, Australia were 166 for 2. Travis Head was unbeaten on 91 out of 87 balls, which included 15 fours.

Michael Neser was not out at 1. Marnus Labuschagne scored 48 off 68 balls, missing out on a half-century, while Jake Weatherald was dismissed for 21.

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