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Pentagon Awards $560M Loan to Sunrise Energy for World’s First Scandium Mine in NSW
Pentagon invests $560 million in Sunrise Energy Metals’ Syerston Scandium Project in NSW to counter China’s control of rare earth supply. Project targets aerospace and defence demand.
U.S. Lost 23,000 Jobs in July as Labor Market Weakens
U.S. employers cut 23,000 jobs in July. Unemployment fell to 4.1% but only because workers left the labor force. Wage growth slowed to 3.2% annually, below inflation.
Hokkaido Student Killer Sentenced to Life; Kawaguchi Gets Maximum Term on August 7
Sapporo District Court sentenced Yuto Kawaguchi to life imprisonment for leading a fatal 2024 group assault on a Hokkaido university student. A co-defendant received 30 years.
Fun Coffee Ponzi Scheme Collapses: Singapore Woman Loses $400,000 as 200 Investors Lose S$16.3M
Fun Coffee Ponzi scheme collapses after app goes offline July 20. Over 200 investors lose S$16.3 million across Singapore, Hong Kong, Macau. Singapore woman arrested for promoting scheme.
Olympic Swimmer Tomoru Honda Indicted for Reckless Driving, Withdraws From Asian Games
Olympic swimmer Tomoru Honda indicted for reckless driving after November 2025 accident. Japan Swimming Federation failed to learn of incident for nine months. Honda withdraws from Pan Pacific Championships and Asian Games.
Byron Donalds Leads Florida Governor Race as Amendment 3 Faces Court Rewrite
Byron Donalds leads Florida governor race with 49% support in latest poll. He backs Amendment 3 property tax amendment, which faces court-ordered ballot language rewrite ahead of November vote.
Finance Ministry Ace Jun Hitotsumatsu Sidelined to Tokyo Customs Post on August 7
Finance Ministry deputy director Jun Hitotsumatsu transferred to Tokyo Customs head post on August 7 after clashing with PM Takaichi’s administration over fiscal policy and tax exemption programs.
Goodwin Mulls Sale of Defence Engineering Division Supplying Submarine and Warship Components
On August 7, 2026, British engineering company Goodwin confirmed it is reviewing options for its defence engineering division, including the possible sale of a substantial part of the business. The division supplies critical components for UK and U.S. submarines and warships, making the announcement one of the most closely watched developments in the defence sector….
BofA Sentiment Gauge Reaches Most Bullish Level Since 2021, Warning of Market Risks
BofA sentiment among global fund managers has reached its most bullish level since 2021. The bank’s Bull & Bear Indicator rose to 9.4, marking its highest level in five years. That level sits well above the 8.0 threshold that triggers a contrarian sell signal. Cash holdings fell to 3.6% of assets, the lowest level since…