Congressional Democrats, led by Rep. Jamie Raskin and Sen. Sheldon Whitehouse, introduced a bill to close loopholes in the Citizens United Supreme Court decision, aiming to prevent foreign entities from funneling money into U.S. elections by establishing foreign ownership thresholds for corporate contributions.
Taiwan's legislature approved an amendment to the Telecommunications Management Act, exempting satellite operators from foreign ownership caps and local chair requirements. This move is seen as removing a major obstacle for Starlink to operate in Taiwan, enhancing the island's wartime communication capabilities.
The German car industry warns of potential mass job losses in Europe due to competition and declining demand. Volkswagen plans up to 100,000 job cuts, sparking protests. The VDA suggests foreign ownership of plants to save jobs and calls for 'bold decisions' to address the crisis.
Celltrion Inc., a South Korean biotech firm, saw its foreign ownership increase to 24.5% by end-June, driven by robust earnings and expanded investor relations activities abroad. The company reported record-high Q2 operating profit and sales estimates.
Japan will survey its approximately 13,400 uninhabited islands due to growing concerns over Chinese ownership, which is seen as a national security risk. The government plans to identify owners, especially near military bases, and potentially nationalize unregistered islands.
The Indian government has permitted 100% Foreign Direct Investment (FDI) in the insurance sector under the automatic route. This policy, aligned with the 2025 Insurance Laws Act, requires IRDAI verification and mandates that key leadership roles remain held by resident Indians.
