South Korean Industry Minister Kim Jung-kwan announced significant progress in investment talks with the U.S. following meetings with Commerce Secretary Howard Lutnick. Discussions centered on energy projects, with a final agreement expected to be announced in September.
NewNew Shipping Line CEO Ke Jin announced plans to invest in Murmansk port infrastructure to support new large-tonnage vessels. The company, which recently launched Arctic trade routes, aims to begin regular operations by late October.
Berkshire Hathaway has acquired an indirect 0.04% stake in SpaceX, valued at approximately $700 million to $800 million, through its 0.9% ownership of Alphabet. Despite Elon Musk's history of inviting Buffett to invest, no direct stake has been established.
The U.S. Treasury Department has released proposed guidance for 'Trump Account' 530A child savings accounts, mandating low-cost, broad-market index fund investments to maximize long-term compound growth and minimize fees for families.
Indian fintech Navi, founded by Sachin Bansal, has secured $100 million in institutional funding from Prosus. The investment values the company at $1.3 billion as it eyes a potential ₹30 billion IPO following previous attempts to go public.
Fans' groups worldwide have launched a petition on change.org demanding the resignation of FIFA president Gianni Infantino. The move follows accusations of deception regarding secret plans to secure private investment for World Cup tournaments.
Malaysian Prime Minister Anwar Ibrahim stated in an Al Jazeera interview that he views Taiwan as part of China, while observers note potential trade-offs for future hi-tech investments.
Coinbase's Base network is narrowing its $1 million startup accelerator to 10 teams for Base Batches 004, offering $100,000 upfront to pre-seed startups focusing on AI agents, payments, and trading.
The SEC proposed new rules under "Regulation Crypto Assets" allowing crypto projects to raise funds without full securities registration, offering exemptions for up to $5 million and $75 million.
The US SEC has proposed a new regulatory framework for crypto investment contracts, allowing limited capital raising while maintaining investor protections. The move follows the Senate's failure to advance the CLARITY Act before its August recess.
South Korea's startup investments reached a record 8.87 trillion won in H1 2026, a 54.3% year-on-year increase. Growth was fueled by AI, robotics, and semiconductor funding, while gaming sector investments saw a sharp decline.
Chinese tech giant Xiaomi reports a second-quarter net profit decline amid high competition and R&D spending. CFO Alain Lam stated the firm is prioritizing long-term AI development over immediate monetization, despite a 25.6% jump in research costs.
Fifa chief operating officer Kevin Lamour has been dismissed after publicly criticising president Gianni Infantino's plan to sell World Cup rights to private investors. Lamour, who previously worked with Infantino at Uefa, stated he was prepared to lose his job.
BP has secured a license to develop the second phase of Venezuela's Loran gasfield, partnering with UAE and Qatari firms. This move follows calls from the Trump administration for foreign investment to rebuild Venezuela's fossil fuel industry after the ousting of Nicolás Maduro.
Ecuadorian President Daniel Noboa arrived in Beijing for an eight-day state visit to negotiate the lifting of suspensions on 14 shrimp processors and seek new investments in energy and mining, marking a decade of the China-Ecuador comprehensive strategic partnership.
100 milyar doları aşkın varlık yöneten Tudor Investment'ın kurucusu Paul Tudor Jones, bir yıllık satış sürecinin ardından BlackRock'ın spot Bitcoin ETF'i IBIT'te yeniden alımlara başladı. Şirket, opsiyon pozisyonlarını azaltarak spot varlıklara yöneldi.
Arctic development by 2035-2040 could unfold through three scenarios ranging from managed discovery to fragmentation, with institutional sustainability serving as a critical factor, says Svetlana Lipina.
Russia seeks foreign technologies and management expertise rather than basic assembly operations, presidential adviser Anton Kobyakov said ahead of the Eastern Economic Forum.
Highlights from SCMP's overseas correspondents covering US-China relations in early August 2026 include a stalling bilateral investment board, US defence bill focus on China, and a family protest over property marketing.
State-owned Hindustan Copper Ltd plans a capital investment of over Rs 7,000 crore over 5-6 years for exploration, mine revivals, and strategic partnerships to meet surging domestic copper demand in India.
Chelsea chair Todd Boehly and director Mark Walter are considering selling their shares to majority owners Clearlake Capital. The potential deal, valuing the club at over £5bn, comes as Walter seeks funds following a US federal investigation.
Nvidia agreed to provide a guarantee of up to US$105 billion to help OpenAI lease a massive data centre in Ohio developed by SB Energy, alongside a US$1.5 billion investment in the firm.
Angus Taylor says the Coalition will only support the Albanese government's NDIS overhaul bill if it first removes the "widow tax" loophole from investment property tax changes.
Nvidia announced a $1.5 billion investment in SB Energy to secure sole compute supply rights at an OpenAI-linked data center near Cincinnati, Ohio, while also offering up to $105 billion in credit.
