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The FBI has charged two men with scamming at least 26 women out of $1.3 million in four states. One of the alleged fraudsters posed as a San Francisco 49ers player.

Daejon Labrayae Love, 35, and Taylor Jamie Chan, 18, have been charged in federal court in Portland, Ore., with wire fraud and conspiracy to commit wire fraud.

From February 2022 until they were arrested on Monday, Love and Chan solicited money from women in California, Oregon, Washington and Idaho through lies and misrepresentations, according to the United States Attorney’s Office in Portland.

Love portrayed himself on Instagram as a 49ers wide receiver who went undrafted but worked his way onto the roster. He met most of the women through dating apps and developed romantic relationships with many of them, according to the FBI. Chan falsely posed as Love’s financial adviser.

In an Instagram Story titled “NFL Journey,” Love held a 49ers helmet while driving and said, “I’m on my way to get my mom. I know I get a lot of fans who want to know how football works or how I got involved in the league…. If you know me and see me in person I’ll explain.

“I chose SF because it was the right time. I was kind of already living in the Bay and it just worked out for me.” Love’s monologue is interrupted momentarily by beeps from his car and he says, “I’m in my new McLaren and it’s just real touch-and-go.”

Then he posts a screenshot of a webpage AI Overview that says “Daejon Love is a wide receiver for the San Francisco 49ers, and information about his position, contract and teammate texting habits is available online. He is also associated with the team in various social media content and articles.”

Back on the screen, Love says, “That’s Google. That’s not me, that’s Google.”

He goes on to explain why he isn’t playing, lifting a crooked finger to the camera and saying he is injured. He concludes the story by again saying he wants “full transparency” because “people ask, what do I do? How can I afford a $500,000 car? How can I afford a $300,000 [Lamborghini] Urus? “

He repeats that he’s going to pick up his mom, then concludes by inviting those watching to reach out to him to meet in person.

“The scheme relied on Love’s creation of fictitious personas and display of a lavish lifestyle which Love presented to victims both in person and on social media websites,” federal authorities said in a press release.

“Chan and Love also hosted three-way FaceTime calls in which they showed victims falsified investment gains and encouraged victims to part with their money. Victims sent Love and Chan money due to their belief that their money would be invested in legitimate investment vehicles on the victims’ behalf.”

The FBI said Love instructed several women who did not have cash to invest to take out personal loans, assuring them they would quickly be repaid.

Love and Chan were taken into custody on Monday at the Boise (Idaho) Airport and have a court appearance Thursday in Portland.

Love, who traveled to New Mexico, California, Oregon, Nevada, Utah and Idaho since July 15, according to investigators, allegedly has used several names including Jon Love, Daejon Love, Avril Lyto Love and Jordan Love. Twenty-six potential victims have been identified, and the FBI believes there are more.

Aug. 27 (UPI) — The Netherlands, Poland, Spain and Sweden wrote the European Commission urging it to kickstart a stalled plan to use Russian assets frozen in Europe’s banks and clearing houses to plug a $26.8 billion gap in Ukraine’s defense funding.

The letter to the EU’s top foreign policy chief on Thursday calling for another look at ways to tap into the $244.5 billion of assets came ahead of an informal meeting of foreign ministers being hosted by Ireland on Sept. 1-2, according to Politico, The Kyiv Independent and The Financial Times.

“Ukraine needs more financial support in both the short and long term. We believe now is the time to revert to the issue of how we can make further use of Russia’s immobilized assets for the benefit of Ukraine,” reads the letter, which was addessed to Kaja Kallas and Irish Foreign Minister Helen McEntee.

The call comes three months after the Netherlands raised the issue at a closed-door meeting of the Economic and Financial Affairs Council, arguing that a deal agreed in December for a conditional $105 billion loan over 18 months, would not be enough to keep Ukraine afloat for long.

Efforts back then to leverage frozen Russian assets — the largest portion of which are held in Belgium — were sidelined amid objections from the Belgian government and other EU member states.

The so-called “reparations loan” option, where the assets would be used as surety in the event Russia failed to pay war reparations to Ukraine required to recoup the loan, lacked the votes for the required two-thirds majority of EU states.

What the bloc ultimately finalized in April, was a back-up proposal under which the EU would use its budget to borrow in the international debt markets — with skeptics Hungary, Slovakia and the Czech Republic backing the measure only on condition they would not be on the hook financially.

Wednesday’s letter acknowledges the complexity of the issue but urges policy experts in Brussels to look at alternate solutions that “ensure that the risk rests with all EU Member States and where no Member State holds a disproportionate burden.”

“Now is the time to start a new discussion about how we can make further use of Russia’s frozen assets for Ukraine’s, and our, benefit,” Swedish Foreign Minister Maria Malmer Stenergard told the Financial Times.

Four people claiming familiarity with the letter said it requested the commission revist the issue of the frozen assets and sought an uddate on the formulation of legal and technical tools to get around the veto wielded by Belgium.

Last time around, Belgian Prime Minister Bart De Wever said his opposition was due to Russian legal and economic threats against Belgium, and him personally, and that he needed guarantees that other EU states would share the risks Belgium could be exposed to.

A person familiar with the matter said the Belgian government’s concerns over possible retaliation through the courts and erosion of trust financial markets had not diminished.

In a speech Monday, Ukrainian President Volodymyr Zelensky urged the EU to accelerate the pace of loan tranche transfers, saying that even with the money the country was facing a $26.8 deficit in 2026.

That prompted the EU to point to an additional $25.7 billion already approved, $16.8 billion of which had been provided, and call on other Western partners to follow its lead.

Published on
27/08/2026 – 14:10 GMT+2

European Commission President Ursula von der Leyen said on Thursday that if negotiations to reduce the record-high trade deficit with China did not produce a breakthrough, the EU should make use of all its trade defence mechanisms.

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Tensions have remained high between Brussels and Beijing since the talks were launched last June. Over the summer, China moved to ban Chinese firms from participating in EU antitrust probes, while the Commission has continued opening trade defence investigations into the suspected dumping of Chinese products into the European market.

“Dialogue with China remains necessary. But it must produce results. And when dialogue is not enough, we must be ready to make full use of our instruments,” von der Leyen said in remarks to Medef, the French business organisation.

The EU is facing a wave of cheap imports coming from China, which have increased by 45% in five years, the Commission’s President added, pointing out that 30 trade defence investigations have been opened over the last year – “almost three times more than the historical average”.

“We are stepping up investigations significantly,” she said.

Von der Leyen’s remarks come as the EU’s trade deficit with China reaches €1 billion a day. The Commission has set October as a deadline to reach a deal with Beijing to rebalance the trade relationship.

“China is a key economic partner. And our approach is clear and consistent: derisking without breaking ties. But being a partner does not mean accepting permanent imbalances,” von der Leyen said.

Beijing and Brussels have been on the verge of a trade war in recent months, with China threatening several times to retaliate against proposed EU regulations that could reduce market access to Chinese firms.

On Thursday, von der Leyen recalled that all EU member states now record a trade deficit with China.

In June, EU leaders gave her a mandate to act to rebalance the relationship through dialogue as well as the use and review of defence mechanisms. Among these is the EU’s so-called anti-coercion instrument, which can be triggered in case of pressure from a foreign country on the EU to change its policies.

This tool, sometimes referred to as the “trade bazooka”, allows the EU to adopt strong measures such as restrictions on access to public procurement or the removal of intellectual property rights.

However, it requires the support of a majority of the bloc’s member states. It is unclear whether this could be achieved while EU countries continue trading with China on a bilateral basis, seeking access to its market or investments from Beijing.

The idea of one bourse for the whole Nordic region has resurfaced.

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Reports on Wednesday, citing people familiar with the discussions, said industry alliance Nordic Compass is studying options including the consolidation of Sweden, Denmark, Norway and Finland’s national exchanges, as well as the harmonisation of their regulatory frameworks.

Nordic Compass told Euronews it is analysing a range of possibilities but that the work remains preliminary.

“Nordic Compass’ Capital Markets Track is working to improve opportunities to raise capital to support competitiveness across all stages, from start-up, venture, growth and scale-up to IPOs, as well as the ecosystem for Nordic listings,” said Christian Clausen, chair of the alliance’s Capital Markets Track and chairman for the Nordics at BlackRock.

“This includes analyses of a range of potential initiatives, including issues related to liquidity. The work is still at an exploratory stage, and no agreement has yet been reached on specific initiatives or conclusions,” Clausen explained to Euronews.

Nordic Compass was launched in May as a pan-Nordic industry alliance gathering more than 25 companies, foundations and organisations, among them Wallenberg Investments, EQT, Nordea, SEB, Nasdaq Nordic, Ericsson, Nokia, Saab, Ørsted and the Novo Nordisk Foundation.

Chaired by former Finnish prime minister Jyrki Katainen, it works across four tracks covering capital markets, deep tech, defence and energy.

The alliance’s first initiatives are due at a summit in Gothenburg on 4 and 5 November, where the capital markets proposal is rumoured to be presented.

The prize is considerable.

Nordic pension funds and sovereign investors manage close to $4 trillion (€3.43tn) and take in more than $175 billion (€3.43tn) a year, but that capital is spread across four separate markets rather than being pooled into one.

Who owns the exchanges?

Any merger would need the cooperation of three parties that do not answer to the alliance directly.

Nasdaq operates most of the region’s national bourses, Euronext owns Oslo’s stock exchange, and Euroclear plays a central role in settling Nordic securities trades.

Nasdaq did not respond to a request for comment.

Euronext signalled openness telling Euronews that through Oslo Børs, its securities depositories in Norway and Denmark, Nord Pool and Admincontrol, it has an established Nordic franchise and is “in dialogue with Nordic Compass about potentially contributing to practical measures.”

“Euronext welcomes initiatives aimed at making the Nordic capital markets even more competitive globally,” the exchange operator added.

“The region already benefits from strong market traditions, sophisticated investors and successful local ecosystems. The opportunity is to build on these strengths by making it easier for capital to flow across borders,” a spokesperson for the group told Euronews.

Euronext also pointed to its own multi-country structure as a template.

“Our experience demonstrates how deeper liquidity, shared technology and harmonised rules can benefit issuers and investors, while our federal model keeps local exchanges close to the markets they serve,” the exchange operator concluded.

What potentially emerges in Gothenburg in November will show whether the exploratory work has produced anything firmer than analysis.

Nvidia posted quarterly revenue of $96.2 billion (€82.4bn) on Wednesday, comfortably beating the $92.2 billion (€79bn) Wall Street had expected, as chief executive Jensen Huang declared that artificial intelligence had reached “its inflection point” and guided next quarter revenue to $108 billion (€92.5bn) — again, above forecasts.

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“AI has reached its inflection point,” Huang said in a statement. “It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue, and demand is accelerating.”

Shares initially dipped after the release before recovering in after-hours trading.

Days on which Nvidia reports its quarterly results have an outsized importance for the world’s most valuable company.

At a market capitalisation north of $5 trillion (€4.3tn) it is the most valuable company in the world, worth more than the GDP of Japan, the fourth largest economy in the world.

Yet there is a strange rite that plays out each quarter: Nvidia beats expectations, and the stock falls anyway. It happened after the first-quarter beat this year, when shares slid close to 5% in the days that followed.

The pattern has left a dynamic where the company needs to significantly outperform an already-bullish consensus, or provide a stronger-than-expected outlook, to move the share price higher.

The concentration problem

The main concern around Nvidia is not whether it can grow; it is more of a question of who it is growing for.

The firm still draws the bulk of its revenue from Amazon, Google and Microsoft, each of which is now designing its own chips to reduce reliance on the company. The new disclosure will show precisely how large that dependence remains.

Chief Executive Jensen Huang’s commentary on demand into 2027 therefore carries more weight than any single figure. The question has grown sharper since July, when markets fell on doubts about whether vast AI investments will ever generate proportionate returns.

Nvidia’s answer has been to help finance the buildout itself. This month alone it assembled a $500bn (€428bn) capital pool with six Wall Street asset managers for data centre projects, and separately committed up to $105bn (€90bn) to back an OpenAI data centre in Pike County, Ohio, with an initial capacity of 4.25 gigawatts and an option for a further 3.75.

The China wildcard

Export policy to China has been one of the most volatile threads in Nvidia’s recent history and is likely to feature heavily on the earnings call.

Washington barred sales of the China-specific H20 chip in April 2025, reversed course, and Nvidia has since received approval to ship the more capable H200 chip to vetted Chinese customers.

Reports have surfaced of large allocations to ByteDance and Tencent, though Beijing has been encouraging domestic firms to limit their purchases and prioritise homegrown alternatives.

Vera Rubin and the road ahead

Nvidia’s current growth is being driven by its Blackwell chips, the generation of processors powering most AI data centres today. Their successor, known as Vera Rubin, is expected to begin shipping in the second half of the year.

Nvidia has a tradition of naming its chip architectures after scientists and past generations include Ampere, named after physicist André-Marie Ampère; Hopper, named after computer scientist Grace Hopper; and the current Blackwell chip named after mathematician David Blackwell.

Vera Rubin continues that pattern. She was an American astronomer whose observations of how galaxies rotate provided some of the strongest early evidence for the existence of dark matter, the invisible mass thought to make up much of the universe. She died in 2016 and is widely seen as someone who was overlooked for a Nobel Prize during her lifetime,

The company has pointed to an order backlog it says is worth around $1 trillion (€857bn) across 2026 and 2027, though that figure comes from company commentary rather than independently verified financial disclosure.

A week stacked with catalysts

Wednesday’s data offered no relief on inflation.

The personal consumption expenditures index, the Federal Reserve’s preferred gauge, rose 0.2% in July against expectations of 0.1%, leaving the annual rate at 3.7% rather than easing to the 3.6% forecast. Core prices held at 3.3% over the year, above the Fed’s 2% target for a 65th consecutive month.

The Federal Open Market Committee held rates at 3.50% to 3.75% in July, with three regional Fed presidents dissenting in favour of a quarter-point increase.

Markets currently put the probability of a September hike at around 40%.

Attention now shifts to Jackson Hole, where Fed Chair Kevin Warsh delivers his keynote on Friday morning, his first since taking office in May, 19 days before the next rate decision. The ECB’s Isabel Schnabel joins a panel the same afternoon.

US stock markets drifted through a quiet session on Wednesday after data showed inflation last month was a touch higher than economists had expected.

The S&P 500 edged down less than 0.1% and remains near the all-time high it set earlier this month. The Dow Jones Industrial Average dipped 0.2% and the Nasdaq composite slipped 0.1%.

Treasury yields ticked higher after the inflation update, which has traders still largely betting the Federal Reserve will raise the federal funds rate before the end of this year. Oil prices fell after another volatile session.

On August 21, the US Treasury’s Office of Foreign Assets Control (OFAC) issued a couple of new general licences related to Venezuela’s telecommunications sector. Both General Licenses 61 and 62 will now allow the Venezuelan Government (including but not limited to the telecom authority CONATEL and the State-owned telecom company CANTV) to acquire goods and services from and/or related to the United States and authorize them to negotiate new contracts. 

To better understand the implications of this on Venezuelan telecommunications, there’s what specialized local journalist William Peña wrote on Telecommunicaciones360 and his conclusion is that “this opens an opportunity to the country in the issue of technologic updating, now it’s up to companies to have resources in order to accelerate their innovation process”.

The reaction from CONATEL to this announcement was so enthusiastic to the point of bragging that these licences “represent the recognition of the institutional legitimacy of the Venezuelan State” and that “these mechanisms reaffirm the intention of strengthening the infrastructure.”

Its press statement also mentioned the many areas that these couple of licenses will help to improve: from telephone and high-speed Internet to subscription TV services and everything in relation to fiber optic cable networks, satellite transmission systems and submarine cable links.

The purchase of any non-US tech not explicitly banned is still subject to OFAC approval.

“Despite being the regulation authority, CONATEL is the one who disposes and provides the equipment for technical analysis of infrastructure and monitoring of the radioelectric spectrum,” Peña told Caracas Chronicles, later adding that “Many of CONATEL’s current equipment is Chinese (in origin) and the Americans do not want that.”

Which leads to the main catch that the OFAC’s licences leave clear by explicitly forbidding: “Any transaction involving a person located in the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Republic of Cuba, the People’s Republic of China, or any entity that is owned or controlled by or in a joint venture with such persons.”

The purchase of any non-US tech not explicitly banned is still subject to OFAC approval.

The same day the licenses were published, the US Assistant Secretary of State for Western Hemisphere Affairs, Juan Pablo Segura, said on his X account that Chinese tech companies like Huawei, ZTE and several others “cooperate with Beijing’s intelligence services, creating risks of spying, hacking, and network shutdowns” and asked “US partners in the Americas to quickly switch to trusted suppliers to protect their people and their sovereignty”. 

A deep relationship

This also comes with challenges for CANTV, which despite being the largest company in the sector, found itself behind in comparison to private companies because of several factors, including the US-set sanctions that forced it to go with what other allies were offering.

Most of those countries mentioned were the only viable options that CANTV and other State entities were left with as a consequence of the US sanctions, and Peña notices their negative impact: “This process, with exceptions like some Chinese Huawei technologies, ended up harming the country’s advance in diverse areas, as beside the issue of language, many of the implemented solutions were not compatible with the technologies passed down and most were of very low quality regarding assets and software solutions with plenty of complications.”

This instruction from Washington to avoid China as a telecom provider was not missed by either the PRC’s embassy in DC or by Hong Kong’s major newspaper, the South China Morning Post, indicating that “the China carve-out could prove particularly consequential. Huawei and ZTE became important suppliers to Venezuela as US sanctions and compliance concerns curtailed other international companies’ ability or willingness to work with government-linked entities”.

The relationship between CANTV and Huawei was very close in matters of system infrastructure, to the point that Peña says the State telecom company has a hefty debt of 600 million dollars with Huawei. “If CANTV already paid for that technology, and has it at its disposal either in inventory or storage, then it’ll be deployed, but from now on any new acquisitions must come from the US.” Many of those issues aren’t directly addressed by OFAC’s licenses.

So important is the role of the Chinese company in CANTV operation that in 2019 there was an unfounded rumor on social media that the Maduro government was about to sell it to Huawei.

A decade later, the political ID card was rolled out, and ZTE’s personnel were working within CANTV in handling the related databases: “We don’t support the government… We are just developing our market.”

ZTE, the other company mentioned by the South China Morning Post, has its own long history not only with Cantv but with the Venezuelan government: the company had a central role in the development of what is one of chavismo’s biggest instruments of political control: the “carnet de la patria”.

A 2018 special report by Reuters mentions how it all started with a visit from a delegation from the Venezuelan Justice Ministry to the headquarters of ZTE in Shenzhen back in 2008. Then, the delegation saw a glimpse of what later became known as the “social credit system”, which started its first trials in some regions of mainland China the following year.

A decade later, the political ID card was rolled out, and ZTE’s personnel were working within CANTV in handling the related databases. This was confirmed by ZTE’s head in Venezuela at the time, Su Qingfeng: “We don’t support the government… We are just developing our market.” The deep rapport between Nicolás Maduro and Xi Jinping continued until very recently. In July 2025, the Gran Expo China-Venezuela exposition was held in Caracas, and new agreements between both governments on a diverse range of issues were signed. Six months later, things would change with Operation Absolute Resolve. The person who signed those deals on behalf of Maduro was then VP Delcy Rodríguez.

Now, the Trump administration is taking a growing interest in Latin America (thanks in part to having new allies in the region like Jose Antonio Kast in Chile or Abelardo de la Espriella in Colombia), and it’s using it to push out the influence of Beijing. Still a work in progress.

The impact on Venezuelan clients 

Going back to what these licences could mean for Venezuela’s telecommunications sector, they could bring an expansion of the improvement seen in recent years, like with our Internet service. 

Peña mentions the immediate benefit for private companies, domestic and/or foreign: “This will allow them not only to be part of these large purchases, but also for the payments to be made in an easier and more opportune manner. Back in the time of the sanctions, they couldn’t open a bank account in the US, and buying abroad was complicated, causing the costs to go up. Now they can buy again from American companies with no hassle”.

Besides, this can also help with fixing the faults and limitations found because of the June 24 quakes, like the damaged submarine cable which affected overall access for weeks. And even before OFAC’s announcement, CANTC and Liberty Networks launched a joint investment in a new Fenix underwater cable that will connect Venezuela and Curaçao, reinforcing our connectivity.

With the trade war with the US heating back up, Canada’s Prime minister Mark Carney has delivered another pledge to deepen his country’s economic and security partnership with the EU.

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His statement came after trade talks between Ottawa and Washington collapsed last week, with Canada accusing the US of interfering in its sovereignty by demanding French-language concessions.

In retaliation, US President Donald Trump said on Truth Social that on 1 January 2027, tariffs on cars and trucks will be increased to 50%.

“WE DON’T NEED CANADA, THEY NEED US!” he wrote. “They do 95% of their business with the US, with us, the exact opposite!”

Canada announced later that, as of 8 September, it would enact tariffs ranging from 15% to 50% on over 700 American imports, worth about $20 billion (€17.2 billion).

Since Trump’s return to power in 2025 and his repeated attacks on US-Canada trade relations, Ottawa has been turning several times towards the EU, seeking a stable relationship with a “like-minded” partner.

“This fall we will begin intense discussions with the European Union, the world’s second-largest economy, to build a much stronger and deeper economic and security partnership,” Carney said on Monday.

The Canadian Prime minister has confirmed, according to Politico, that he will attend the State of the EU speech in Strasbourg on 16 September after European Commission President Ursula von der Leyen invited him before the trade war with the US broke out.

Since the start of the second Trump administration, Brussels and Ottawa have shared a common objective: diversifying their trade relations away from Washington. But since the EU and Canada are already bound by a trade agreement, how far could a deeper relationship go?

The truth is that both sides have their limits.

Intertwined Canadian and US markets

From critical raw materials to energy and defence, the last months have seen multiple areas of interest come to the fore, and they will likely set the agenda at the Canada-EU summit this fall.

Canada is planning to offer the EU better access to its critical raw materials. Brussels is desperate to move away from China, which holds the monopoly on the production and processing of rare earths. With strong domestic supplies of lithium, graphite and nickel, Ottawa has a lot to offer to integrate the EU into its metal value chain.

Canada might also make offers on energy, which it currently supplies principally to the US.

“We should be talking about a more viable Canada-EU corridor for energy, and not just in respect of oil and gas, but also of nuclear,” Mark Camilleri, President of the Canada-EU Trade and Investment Association, told Euronews. “The EU’s energy needs are increasing, and its energy supply is still very dependent on imports.”

On defence, Canada is already part of SAFE, the €150 billion defence instrument that supports EU member states that wish to invest in defence industrial production through common procurement. But defence cooperation is already set to go further, with Canada selecting German-Norwegian TKMS to build a new fleet of 12 submarines. Deepening the relationship on Arctic security could be another area of collaboration.

Canadian business, meanwhile, is increasingly interested in the European market, but the diversification will not come overnight. Geography, after all, matters.

“The Canadian economy is very much oriented and integrated to the US and North American economy,” Camilleri added. “We are not looking to untangle the relationship, despite the very distressing political issues taking place.”

The Europeans will also put limits on integration with Canada. The trade agreement struck in 2016 is proof enough that the EU market is not easy to access: the deal has not yet been ratified by all EU member states, and has only been provisionally applied since 2017.

Faint EU membership hopes

Geography matters not only for the Canadians, but also for the EU.

Article 49 of the Treaty on European Union opens membership to “any European State”. Morocco was not considered European enough in the past to become a member, so how could Canada, located much further away, be considered a “European state”?

Guntram Wolff, senior fellow at the Brussels-based think tank Bruegel, points out that there is a new openness in Brussels, and that a strategic alignment “could go far”, even if probably it has to fall short of full membership.

Liberalising trade further than what the current agreement involves could be an option. But how far could the integration of the Canadian market into the EU go?

“One can go to the point where Norway is, which is a single market membership,” Wolff told Euronews. “Whether that is where Canada wants to go and whether that’s where all the European countries want to go, we will see in the coming weeks.”

Norway, Iceland and Liechtenstein are members with EU member states of what is called the “European Economic Area”, membership of which involves the implementation of the EU’s four freedoms – free movement of goods, persons, services and capital. These freedoms form the basis of the single market.

But an EU official told Euronews that this option was not on the table yet, and remains a theoretical debate for now.