Nvidia and a consortium of financial groups including Apollo Global and Blackstone are reportedly in discussions to assemble a $500 billion financing package for AI infrastructure development, potentially for a large data center project in Ohio.
The global market for data center insurance is projected to reach $10 billion in premiums this year, driven by rapid sector expansion. However, insurers face complex and evolving risks, including chain-reaction disasters and aggregation threats, necessitating strong underwriting discipline.
Russia's Rosatom is increasing its workforce at Iran's Bushehr nuclear plant to approximately 100 by autumn to advance construction on two new reactors. This expansion follows an earlier return of personnel after a period of disruption due to ongoing conflict and U.S. strikes.
A U.S. appeals court has allowed thousands of lawsuits against social media companies like Meta, Google, and TikTok to proceed. The companies sought to reverse a lower court ruling, arguing Section 230 of the Communications Decency Act shields them from claims related to addictive platform design, but the court found the appeal was brought too early.
A new report estimates that Europe's extreme summer heat will cost the EU economy €180 billion, equivalent to 1% of GDP, potentially wiping out all expected growth for 2026. France faces a contraction, while the Netherlands' growth is nearly eliminated.
Berkshire Hathaway shares surged to a record high, surpassing levels seen before Warren Buffett's CEO departure announcement. The rise followed strong second-quarter earnings, significant stock buybacks, and new investments, including a substantial stake in Alphabet.
Lu Wenjun, a former senior executive at a major Chinese state-owned heavy-machinery manufacturer, has been sentenced to 15 years in prison for accepting bribes totaling $10 million. The court also imposed a significant fine and ordered the confiscation of his illicit gains.
XRP is underperforming the broader crypto market, trading near a bearish 'death cross' formation. The token's weakness is linked to the delayed passage of the Digital Assets Market Clarity Act, which would define XRP's regulatory status and boost institutional demand.
The UK's MHRA has approved Eli Lilly's oral weight-loss drug Foundayo, marking the first European regulatory license. The drug is approved for weight management and type 2 diabetes. EU access is not expected until 2025, while the UK's NICE will decide on NHS coverage by November 18.
Money managers reduced their net long positions in WTI and Brent crude futures for a second consecutive week, data shows. This pullback occurred despite ongoing geopolitical supply risks and a lack of progress on reopening the Strait of Hormuz.
Japan's Financial Services Agency is targeting legislative changes by 2027 to boost startup lending by relaxing rules for nontraditional lenders. This comes as loans to Japanese startups fell 10% last year.
Sila, a U.S.-based startup, has received a $1.4 billion loan from the U.S. Department of Defense to expand its production of silicon-carbon battery material. The funding aims to bolster domestic supply chains for critical battery components, reducing reliance on China.
Douglas Elliman reported a narrowed net loss of $2.7 million for Q2 2026, down from $22.7 million a year prior, alongside a 4.5% revenue increase to $283.4 million. The company also launched a companywide AI transformation and a new intelligence platform called Elius.
Ukrainian forces struck the Tobolskneftekhim petrochemical plant in Russia's Tyumen Oblast, over 2,000 kilometers from the Ukrainian border. The attack targeted a unit producing materials critical for Russia's military-industrial complex, including rocket fuel components and drone materials.
Despite growing public anxiety over artificial intelligence and its impact on democracy and privacy, President Trump remains bullish on AI innovation and data center development. A recent poll indicates significant voter skepticism regarding the tech industry's closeness to the administration and concerns about data privacy and surveillance.
Brazil's central bank is exploring cross-border integration for its Pix instant payment system, a move that comes as the platform faces scrutiny from the U.S. government over alleged unfair practices, potentially impacting new tariffs on Brazilian goods.
BlackRock Canada has launched two new ETFs, including the iShares Equity + Bitcoin ETF Portfolio (IBQT). This fund allocates 97% to global equities and 3% to Bitcoin via BlackRock's Canadian iShares Bitcoin ETF.
Archer Aviation has acquired Wisk Aero, its former rival in the electric aircraft sector, from Boeing. The deal includes other subsidiaries and gives Boeing a significant ownership stake in Archer.
Solana-based lending giant Jupiter has launched Lend v2, a new product that allows users to earn both lending interest and a share of trading fees from the same capital. The feature aims to boost yields for depositors and reduce borrowing costs.
A Lebanese judge indicted former central bank governor Riad Salameh and ex-Bank Audi head Samir Hanna for financial crimes including embezzlement and illicit enrichment. This marks an expansion of investigations into the private sector.
India's state-controlled refiners saw their losses on household LPG sales narrow significantly in August, down to $1.97 per cylinder from $5.25 in July. This improvement comes as the country navigates supply disruptions from the Middle East and seeks alternative import routes.
South Korea plans to launch a 5 trillion won ($3.5 billion) semiconductor fund to support materials, parts, equipment, and fabless companies. The government will also offer an additional 5 trillion won in trade finance for suppliers.
The hacker group RansomHouse has claimed responsibility for a cyberattack on Japanese frozen food giant Nichirei, posting stolen data online. The attack disrupted the company's cold storage and delivery operations, affecting numerous businesses.
Home equity reached a record $18 trillion in the second quarter, driven by accelerating home price growth. However, mortgage delinquencies and foreclosure activity also increased, with a significant rise in borrowers underwater on their loans.
Austrian authorities have dismantled a sanctions evasion scheme involving a Vienna-based company that supplied equipment for Russian missile and fighter jet engines. The company allegedly used shell companies to circumvent EU sanctions, with seized goods valued at over €3.3 million.
Businessman Arron Banks faces calls to reveal the extent of his alleged surveillance of journalists, with an industry body condemning the actions as an "attack on our democracy." Concerns have been raised that journalists investigating Reform UK and Nigel Farage may have been targeted.
Falling Australian house prices are providing a silver lining by potentially reducing the likelihood of further interest rate hikes from the Reserve Bank of Australia. Governor Michele Bullock noted the housing market has eased more than anticipated, influencing the central bank's assessment of economic slowdown needed to combat inflation.
TPG Mortgage Investment Trust (MITT) has agreed to acquire Cherry Hill Mortgage Investment Corp. (CHMI) in a cash-and-stock deal valued at approximately $117.5 million. The transaction will create a combined residential mortgage REIT platform with a $9 billion investment portfolio.
Shipping giant Ceva Logistics confirmed a cyberattack impacting eight European warehouses, leading to a data breach of customer information. Several companies, including retailers Bol and De Bijenkorf, football club Ajax, bank ING, eyeglass maker Ace & Tate, and video game company Valve, reported that customer names, addresses, and contact details were compromised.
Ethereum treasury company Bitmine acquired 7,391 ETH last week, its smallest weekly purchase of the year, while continuing its share buyback program. The company's cash position has significantly decreased.
Bitmine acquired 7,391 ETH, now holding 4.8% of total supply, and bought back 3M BMNR shares.
Bitmine's ETH acquisition slowed to its smallest weekly purchase of 2026, shifting capital to share buybacks.
Bitmine's cash reserves have significantly decreased to $104 million, while its ETH holdings increased to 5,805,238.
