Economy

Oil Market
Difficult to get oil quickly and profitably: “Comfortable market”

In “normal” times, the unrest in Iran and Venezuela would have been enough to cause major tremors in the oil market. But in today’s chaotic geopolitical situation, prices have barely reacted, even though the world’s largest oil reserve in Venezuela now appears to have been unlocked for the world, writes the Norwegian DN.

DNB Carnegie oil analyst Helge André Martinsen states that much of the oil in Venezuela can neither be produced quickly nor profitably. At the same time, he believes that the market is relatively comfortable, since there are many stable producers.

– There is a buffer to fall back on, he tells the newspaper.

The development of AI
Warning: Risk of AI bubble without wider spread

AI risks becoming a bubble if the technology does not spread beyond the tech giants and the richer economies. This is what Microsoft CEO Satya Nadella tells the Financial Times.

According to Nadella, the long-term success of AI depends on the technology being used in a wide range of industries and that its use also increases outside the developed world.

– In order for this not to become a bubble by definition, the benefits of the technology must be distributed much more evenly, he says.

A clear warning sign would be if only technology companies benefit from the AI ​​boom. At the same time, Nadella has great faith that the technology will have a broader impact, including for developing new medicines.

Streaming war
Netflix tightens the bid – pays cash for Warner Bros

Netflix is ​​revising its $82.7 billion bid for Warner Bros Discovery and paying all in cash, Reuters writes, referring to documents submitted to regulatory authorities.

The news comes after last week's information that Netflix was considering the measure to ensure that the planned acquisition goes through.

Warner Bros. board maintains that Netflix's bid is still better than the hostile bid from Paramount Skydance, which was deemed insufficient when "price, multiple risks, costs and uncertainties" were taken into account.

Trump's tariff policy
HD's ruling on Trump's global tariffs delayed

The US Supreme Court's decision on Donald Trump's global tariffs is delayed, Reuters reports. The case is not among the three rulings announced on Tuesday.

HD also did not state when the next opportunity to deliver rulings will occur.

News agencies have previously reported that the Supreme Court has until the summer to rule on the sweeping tariffs announced on April 2 last year with reference to the emergency law IEEPA.

Greenland Crisis 
Bolton: Billionaire Heir Gave Trump the Idea of ​​Greenland

It was Ronald Lauder, billionaire and heir to the Estée Lauder beauty brand, who first planted the idea that the US should take over Greenland with Donald Trump. This is according to the president's former national security adviser John Bolton, according to The Telegraph.

The men have been friends for over 60 years and the idea of ​​taking over Greenland was already planted during Trump's first term in office.

According to Bolton, Trump summoned the adviser to his office in 2018 and stated that a "prominent businessman" had suggested that the US buy Greenland, something the president wanted Bolton's opinion on. Initially, Bolton did not dismiss the idea, since security in the Arctic was important, but the longer the issue was discussed, the clearer it became for Bolton what it was really about.

- It's all about Trump's ego. I don't know who suggested military means, but that was never talked about in 2018, 2019, he tells the newspaper.

Water Attracts US to Greenland: “Frozen Capital”

When it comes to the motives behind why the US wants Greenland, speculation abounds. While some point to its strategic location and security in the Arctic, others point to the rich natural resources on the island. But according to analysts CNBC spoke to, the availability of fresh water could also be a driving factor.

More and more countries are beginning to see the availability of the raw material as a national security threat. The largest resources are found in Antarctica and Greenland, among other places.

Nick Kraft, senior analyst at Eurasia Group, believes that water has become a strategic asset, but also points out that it is not easily accessible.

– Greenland’s water reserve is massive, but it is best to see it as frozen capital, he tells the site.