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No. 246
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finance
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Dex Ramiro
TruthFoundry News Desk
On air
Firelight raises $8M for XRP-backed DeFi cover protocol
Italy's Meloni government sets longevity record amid mixed domestic results
France's deteriorating public finances and political deadlock alarm sovereign bond investors
Irish Inflation Accelerates to 3.4% in August on Energy Costs
Mexican Business Leaders Oppose Tax Hike on Cigarettes and Alcohol
Colombia's Economic Recovery Hindered by High Capital Costs
Colombian Oil Firm GeoPark Acquires Venezuelan Orinoco Block
GeoPark Enters Venezuela via Bare Block Deal, Ceding Control to Gilinski Group
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Firelight raises $8M for XRP-backed DeFi cover protocol
The seed round was led by Gumi Cryptos Capital, with the protocol using staked XRP to backstop vaults against exploits.
crypto · Dex Ramiro · 2026-09-03
Italy's Meloni government sets longevity record amid mixed domestic results
Giorgia Meloni's administration becomes Italy's longest-serving post-WWII government, though critics cite stagnant economy.
finance · TruthFoundry News Desk · 2026-09-03
France's deteriorating public finances and political deadlock alarm sovereign bond investors
CNBC reports that France's worsening public finances and political gridlock are alarming sovereign bond investors as borrowing costs approach crisis levels.
finance · TruthFoundry News Desk · 2026-09-03
Irish Inflation Accelerates to 3.4% in August on Energy Costs
Ireland's annual inflation reached 3.4% in August 2026, driven by an 11.8% yearly jump in energy prices, preliminary CSO data show.
finance · TruthFoundry News Desk · 2026-09-03
Mexican Business Leaders Oppose Tax Hike on Cigarettes and Alcohol
Mexican industry groups warn that raising the IEPS tax on tobacco and alcohol will fuel the black market.
finance · TruthFoundry News Desk · 2026-09-03
Colombia's Economic Recovery Hindered by High Capital Costs
Colombia faces low investment and high capital costs, risking recession without urgent reforms.
finance · TruthFoundry News Desk · 2026-09-03
Colombian Oil Firm GeoPark Acquires Venezuelan Orinoco Block
Colombian oil company GeoPark announced the acquisition of a strategic block in Venezuela's Orinoco belt.
finance · TruthFoundry News Desk · 2026-09-03
GeoPark Enters Venezuela via Bare Block Deal, Ceding Control to Gilinski Group
GeoPark acquires Venezuela's Bare oil block but grants control of the company to the Gilinski Group.
finance · TruthFoundry News Desk · 2026-09-03
Colombian Senator's Slip Mixes President's Name with Predecessor's in Senate Debate
Colombian Senator Norma Hurtado accidentally called the government 'Gustavo Abelardo De La Espriella' during a Senate debate, mixing the current president's name with his predecessor's.
finance · TruthFoundry News Desk · 2026-09-03
U.S. 10-Year Treasury Yields Hit Highest Since January 2025 Amid Middle East Tensions
U.S. 10-year Treasury yields rose to 4.784%, the highest since January 2025, driven by Middle East geopolitical tensions.
finance · TruthFoundry News Desk · 2026-09-03
Lee Hyung-il Nominee Prioritizes Housing Supply for Market Stability
Lee Hyung-il, nominee for Deputy Prime Minister, emphasizes expanding housing supply to stabilize the Korean real estate market.
finance · TruthFoundry News Desk · 2026-09-03
Turkey Fuel Excise Tax Revenue Plummets 34.4% Amid Mobile System Shifts
Turkey's fuel excise tax revenue dropped 34.4% year-on-year to 179 billion lira due to the e-fuel mobile system and price dynamics.
finance · TruthFoundry News Desk · 2026-09-03
Trump and Xi urged to align on AI existential risks
Experts warn US and China must unite on AI safety before autonomous systems threaten civilization.
ai · TruthFoundry News Desk · 2026-09-03
Over 49,000 Students Begin New Undergraduate Cohort at UNAM
More than 49,000 students have started their undergraduate studies at the National Autonomous University of Mexico.
world · TruthFoundry News Desk · 2026-09-03
South Korean President Prioritizes Economic Growth Over Welfare Expansion
President Lee Jae Myung argues South Korea must prioritize economic growth to expand the economic pie rather than pursuing simultaneous welfare expansion.
finance · TruthFoundry News Desk · 2026-09-03
Mexican lawmakers weigh raising beer tax by up to one peso and new levy on high-sodium foods
Mexico's Chamber of Deputies Finance Committee is considering raising beer taxes by 60 cents to one peso per unit and adding a new tax on high-sodium processed foods.
finance · TruthFoundry News Desk · 2026-09-03
Mexican lawmakers propose raising beer taxes to correct market asymmetry
Mexican deputies propose increasing beer taxes by 60 cents to $1 per unit to balance fiscal contributions.
finance · TruthFoundry News Desk · 2026-09-03
India's FCNR(B) Scheme Floods Banks, Drags CD Rates Down
Massive inflows into India's FCNR(B) scheme have driven three-month CD rates down to 6.3%.
finance · TruthFoundry News Desk · 2026-09-03
Bolivia Intervenes State Oil Company YPFB Amid Fuel Crisis
Bolivia's government ordered the extraordinary intervention of state oil firm YPFB to address fuel supply irregularities.
finance · TruthFoundry News Desk · 2026-09-03
Mexico adjusts fuel taxes to curb inflation as prices fluctuate
Mexico's finance ministry adjusted fuel taxes to help control inflation while regional prices varied slightly.
finance · TruthFoundry News Desk · 2026-09-03
Metro President Patricio Rey Outlines Funding Plan for Line 8
Metro President Patricio Rey seeks government support to finance the new Line 8 project.
ai · TruthFoundry News Desk · 2026-09-03
Mexico's SAT Debunks Rumor of 15,000 Peso Debit Card Limit
Mexico's tax authority clarifies that there is no general limit on debit card balances, only reporting rules for cash deposits.
finance · TruthFoundry News Desk · 2026-09-03
Mexico's Lower House Proposes Beer Tax Hike for 2027 Budget
Mexico's Chamber of Deputies plans to raise beer taxes by 60 cents to 1 peso per unit to fund the 2027 budget.
finance · TruthFoundry News Desk · 2026-09-02
US to press G20 on light-touch AI regulation
Tech executives Musk, Huang, and Altman join a G20 meeting as the US pushes for light-touch AI regulation.
finance · TruthFoundry News Desk · 2026-09-02
South Korea Approves Record 2027 Budget of 821 Trillion Won
South Korea's government finalizes a record 12.8% budget increase to 821 trillion won for 2027.
finance · TruthFoundry News Desk · 2026-09-02
Colombia's Minvivienda warns 700 billion pesos insufficient for earthquake housing reconstruction
Colombia's Ministry of Housing warns 700 billion pesos will not cover earthquake housing reconstruction costs.
finance · TruthFoundry News Desk · 2026-09-02
Strategy CEO: Bitcoin Purchases Driven by Capital Costs, Not Price
Strategy CEO Phong Le states Bitcoin buying decisions rely on capital costs rather than price levels.
crypto · TruthFoundry News Desk · 2026-09-02
US Treasury Secretary Bessent says China blocked G20 joint communiqué over trade surplus
US Treasury Secretary Scott Bessent accused China of blocking the G20 joint communiqué over its trade surplus.
finance · TruthFoundry News Desk · 2026-09-02
Two Colombian Women Caught With 5.6 Tonnes of Cocaine in Body Scans
Two Colombian women were intercepted at Rionegro Airport attempting to smuggle 5,664 kilos of cocaine hidden in latex waistbands.
world · TruthFoundry News Desk · 2026-09-02
Medical interns in Jammu and Kashmir strike demanding stipend hike from ₹12,300 to ₹30,000
Hundreds of MBBS and BDS interns in Jammu and Kashmir went on strike demanding a stipend increase from ₹12,300 to ₹30,000.
world · TruthFoundry News Desk · 2026-09-02
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