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Chinese refiners hesitate as US targets Venezuela oil buyers

Chinese oil traders and refiners have temporarily halted purchases of Venezuelan crude after the United States threatened to impose 25% tariffs on countries importing from Caracas.

The sudden announcement by President Donald Trump created uncertainty in the market, leaving buyers cautious as they await further clarity on how the order will be enforced.

Venezuela’s largest oil customer, China, had been processing a significant share of its crude through independent refiners, commonly known as teapots, who now find themselves reassessing their supply strategy.

Beijing strongly opposed the US move, calling it an example of Washington’s ‘illegal unilateral sanctions’ and interference in other nations’ internal affairs. While Chinese refiners are hesitant, industry insiders suggest that purchases may resume once traders understand how to work around the restrictions.

Many teapots, reliant on cheaper crude from Venezuela amid tightening profit margins, are expected to find alternative ways to continue buying, especially if the Chinese government does not formally instruct them to stop.

The United States has ramped up pressure on Chinese imports through additional tariffs and sanctions on entities linked to oil shipments.

Some refiners affected by past US measures have already adapted, with reports indicating that certain state-linked firms continue to bring in Venezuelan crude under agreements tied to debt repayments.

Analysts believe that unless China officially restricts purchases, independent refiners will find ways to maintain their supply, despite the latest US threats.

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US trade war escalates with new tariffs and secondary duties

US President Donald Trump announced that new automobile tariffs are imminent, though not all levies set for 2 April will be implemented immediately.

The move comes as Washington seeks to balance its aggressive trade policies with potential exemptions for certain nations. While the administration has indicated some flexibility, officials maintain that strong reciprocal tariffs will remain a key priority.

Wall Street responded positively to the prospect of a more selective approach, with US stocks climbing on optimism that the measures may be less severe than initially expected.

New tariffs will target key industries, including autos, pharmaceuticals, and semiconductors, with duties expected to reach 25%. Trump defended the tariffs, stating they are essential for national security and economic independence.

Meanwhile, the White House announced a 25% secondary tariff on any country purchasing oil or gas from Venezuela, a move that sent oil prices rising.

Countries with large trade surpluses and non-tariff barriers are expected to face the most scrutiny, with Washington focusing on a list of high-priority nations dubbed the ‘Dirty 15.’

Despite international concerns, Trump remains steadfast in his efforts to shrink the United States trade deficit, which he claims is fuelled by unfair foreign practices.

While some nations, including the United Kingdom and India, have pushed for exemptions, officials suggest that avoiding tariffs entirely will be difficult.

The administration has also signalled further investigations into other sectors, raising the likelihood of additional trade restrictions in the near future. Experts believe that while some measures may be delayed, the overall direction of US trade policy remains aggressive and unpredictable.

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Canada warns of foreign election interference

Canada’s intelligence agency has warned that China and India are highly likely to interfere in the country’s general election on 28 April, with Russia and Pakistan also having the potential to do so.

The Canadian Security Intelligence Service (CSIS) stated that while previous interference attempts in the 2019 and 2021 elections did not alter the results, the country had been slow to respond at the time. Both China and India have denied previous allegations of meddling in Canada’s internal affairs.

Vanessa Lloyd, CSIS’s deputy director of operations, said hostile states are increasingly using AI to influence elections, with China being particularly likely to exploit such tools.

The warning comes amid tense diplomatic relations between Canada and Beijing, following China’s recent tariffs on $2.6 billion worth of Canadian agricultural products and Ottawa’s strong condemnation of China’s execution of four Canadian citizens on drug charges.

India has also been under scrutiny, with Canada expelling six Indian diplomats last year over allegations of involvement in a plot against Sikh separatists.

Lloyd stated that India has both the intent and capability to interfere in Canadian politics and communities, though the Indian diplomatic mission in Ottawa has yet to comment.

She added that while it is difficult to directly link foreign interference with election outcomes, such activities undermine public trust in Canada’s democratic institutions.

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US-India trade negotiations intensify over tariff disputes

India is prepared to lower tariffs on over half of US imports worth $23 billion in a bid to ease trade tensions and prevent harsh reciprocal tariffs from Washington.

With US President Donald Trump set to impose new worldwide tariffs from 2 April, Indian officials fear the move could impact 87% of the country’s exports to the United States, prompting urgent negotiations between the two nations.

Trade talks are scheduled to begin this week, led by US Assistant Trade Representative Brendan Lynch.

While India is willing to make significant tariff cuts on a wide range of goods, government sources indicate that the concessions will depend on securing relief from US duties.

Sensitive items such as meat, wheat, maize, and dairy products remain off the table, but reductions may be possible for almonds, pistachios, and certain grains. India is also pushing for a phased reduction of its automobile tariffs, which currently exceed 100%.

Despite efforts by Prime Minister Narendra Modi to strengthen ties with Washington, Trump has repeatedly criticised India’s tariff policies, labelling the country a ‘tariff abuser.’

The Modi administration is weighing broader tariff reforms but faces domestic political challenges in implementing sweeping reductions. Experts suggest that while external pressure from the US might drive some changes, major across-the-board cuts remain unlikely in the short term.

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Gmail uses AI to find emails faster

Google has introduced a new AI feature in Gmail aimed at making email searches faster and more accurate.

Instead of simply listing messages by date or keyword, the updated system now considers user habits, including frequently opened emails and commonly contacted senders, to provide more relevant results.

The enhanced search feature is being rolled out globally for personal Gmail accounts and is accessible via the web, Android, and iOS apps.

Users can now toggle between the new ‘most relevant’ results and the traditional ‘most recent’ option. Google has also stated that it plans to extend this functionality to business users in the near future.

By using AI to refine email searches, Gmail aims to reduce the time users spend digging through their inboxes.

However, this update is part of Google’s broader strategy to integrate more intelligent tools across its suite of productivity apps, offering a smoother, more efficient experience for everyday users.

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Malaysia under scrutiny over semiconductor exports to China

Malaysia plans to tighten regulations on semiconductor shipments following US concerns over the potential transfer of high-end Nvidia chips to China.

Trade Minister Zafrul Aziz stated that the United States has urged Malaysia to closely monitor shipments, ensuring that advanced AI chips do not end up in unauthorised locations.

The move comes amid increasing global scrutiny over AI-related technology exports.

Authorities in Malaysia are also investigating whether local laws were breached in a case involving servers linked to a Singapore fraud investigation.

The case involves transactions worth $390 million, and reports suggest that some servers may have contained Nvidia chips subject to US export controls. Singapore media have linked the matter to potential transfers to Chinese AI company DeepSeek.

The United States has been tightening restrictions on advanced semiconductor exports to China, particularly chips crucial to AI development.

Malaysia’s role as a key semiconductor hub has drawn greater attention, with US officials pushing for stricter oversight.

The government is expected to introduce measures to ensure compliance with international regulations while maintaining its position in the global chip supply chain.

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Ukrzaliznytsia shifts to offline ticket sales after IT system failure

Ukraine’s state-owned railway company, Ukrzaliznytsia, has been hit by a large-scale cyberattack, affecting its online systems.

While train services remain operational without delays, the company has been working to restore its IT infrastructure. Passengers were advised to buy tickets offline on Monday as backups were recovered.

The cyberattack, described by Ukrzaliznytsia as ‘systemic, non-trivial and multi-level,’ was first reported on Sunday.

The railway has become a critical part of Ukraine’s transport network since the Russian invasion in 2022, with airspace closed and trains serving as the primary mode of domestic and international travel. Last year, it transported 20 million passengers and 148 million tonnes of freight.

Efforts to fully restore online systems are ongoing as authorities investigate the incident.

Cyberattacks targeting Ukraine’s infrastructure have increased since the start of the war, with railways playing a crucial role in both civilian and military logistics. Officials have not yet attributed responsibility for the attack.

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Meta agrees to halt targeted ads in landmark UK privacy case

Meta, the owner of Facebook and Instagram, has agreed to stop targeting a UK citizen with personalised adverts as part of a settlement in a landmark privacy case.

The case, which avoided a high court trial, was brought by human rights campaigner Tanya O’Carroll in 2022, who claimed Meta had violated UK data laws by processing her personal data for targeted advertising without her consent.

O’Carroll’s case received support from the UK’s data watchdog, the Information Commissioner’s Office (ICO), which stated that users have the right to opt out of targeted ads.

The settlement has been hailed as a victory for O’Carroll, with potential implications for millions of social media users in the UK. Meta, however, disagreed with the claims. Instead of this, the company was considering introducing a subscription model in the UK for users who want an advert-free version of its platforms.

The ICO’s stance in favour of privacy rights could prompt similar lawsuits in the future, as users are increasingly demanding control over how their data is used online.

O’Carroll argued that the case demonstrated the growing desire for more control over surveillance advertising and said that the ICO’s support could encourage more people to object to targeted ads.

Meta, which generates most of its revenue from advertising, emphasised that it took its privacy obligations seriously and was exploring the option of a paid, ad-free service for UK users.

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AI agents take centre stage in Oracle fusion

Oracle has launched its AI Agent Studio, a new platform designed to let businesses orchestrate and customise AI agents within its Fusion Applications suite.

Announced during the OracleCloud World Tour in London, the studio enables companies to coordinate teams of AI agents that handle tasks across enterprise resource planning, HR, supply chain, and customer experience systems.

The AI Agent Studio allows businesses to adapt prebuilt Oracle agents to suit their own processes. Users can modify agents by adjusting logic, integrating external tools, or adding custom prompts.

It also offers flexibility in choosing from a range of large language models optimised for Oracle or industry-specific use cases, such as Llama and Cohere.

Oracle’s move builds on earlier AI deployments in its cloud applications, where agents have been embedded to manage routine operations like invoice processing or recruitment steps.

The new platform advances that effort by allowing these agents to operate collaboratively and be tailored to more complex workflows.

Industry leaders including Accenture, Deloitte, and PwC have praised the development, calling it a significant step toward smarter enterprise automation.

Analysts echo this sentiment, noting that Oracle’s approach allows businesses to maximise AI efficiency across departments without added cost, offering a powerful edge in today’s rapidly evolving digital workplace.

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Hackers use fake Semrush ads to steal Google accounts

Cybercriminals are using fake adverts for popular SEO platform Semrush to trick users into giving up access to their Google accounts, researchers have warned.

The malvertising campaign features ads that link to a bogus Semrush login page, which only allows users to sign in via Google, a tactic designed to steal high-value credentials.

According to Malwarebytes, Semrush accounts are often linked to critical Google services such as Analytics and Search Console.

These tools store confidential business insights, which threat actors could exploit for strategic and financial gain. The scammers may also access names, phone numbers, business details, and partial card information through compromised Semrush accounts.

By impersonating Semrush support, attackers could deceive users into revealing full card details under the pretence of payment or billing updates. However, this may open the door to wider fraud, such as redirecting funds from vendors or business partners.

With Semrush serving over 117,000 customers, including a significant share of Fortune 500 firms, the attack underscores the growing risks of malvertising on platforms like Google.

Security experts are urging businesses to tighten account access controls and remain cautious when engaging with search ads, even from seemingly reputable brands.

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