December 22, 2025
United States:
US Pursuit of Third Oil Tanker Intensifies Venezuela Blockade
The US Coast Guard’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline and isolate the government of President Nicolás Maduro.
US forces chased the US-sanctioned Bella 1 on Sunday as it was en route to Venezuela.
Europe:
UK Saving Ratio Dips to 9.5% as Households Hit By Tax Hikes
British consumers put away less in savings in the third quarter, as their incomes were squeezed by a £6 billion ($8 billion) rise in taxes.
The share of disposable incomes saved by households slipped to 9.5% in the three months through September from 10.2% in the second quarter, the Office for National Statistics said on Monday.
Asia:
Japan Has ‘Free Hand’ for Bold Action in FX Market If Needed
Japan has a “free hand” to take bold action against currency moves that are not in line with fundamentals, Finance Minister Satsuki Katayama said, in her strongest warning yet to speculators following the yen’s weakening even after a rise in interest rates.
“The moves were clearly not in line with fundamentals but rather speculative,” Katayama said in an interview with Bloomberg on Monday, referring to a sharp weakening of the yen on Friday. “Against such movements, we have made clear that we will take bold action, as stated in the Japan–US finance ministers’ joint statement,” she said.
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