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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.
US Intelligence Warns Putin Could Test NATO With Limited Attack By 2029
US intelligence warns Putin may test NATO with limited attack or cyberattack between 2026 and 2029. Poland, Baltics at highest risk. NATO says it is ready to defend.
Pentagon Releases 41 UFO Files on August 7 After Trump Declassification Order
Pentagon releases 41 declassified UFO files including military videos of unexplained objects over the Middle East and Pacific Ocean. Fifth release under Trump’s executive order.
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…
Asian Shares Mixed as Nikkei 225 Falls 0.3%, Shanghai Gains 0.8%, Oil Rises Over 1%
On August 7, 2026, Asian stock markets ended the session with mixed results as investors responded to fresh economic data from across the region. Japan’s Nikkei 225 fell 0.3%, while China’s Shanghai Composite rose 0.8%, helped by improving confidence in Chinese stocks. At the same time, oil prices climbed more than 1%, adding to concerns…
SK Hynix Approves $38.3 Billion Investment to Expand Yongin and Cheongju Chip Plants
SK Hynix’s board approved a 54.3 trillion won ($38.3 billion) investment package Friday, August 7, 2026. The funding covers new fabrication plants in Yongin and Cheongju through 2031. This expansion responds directly to surging AI memory chip demand worldwide. SK Hynix continues racing to secure production capacity as memory prices climb sharply. $38.3 Billion Investment:…
Australian Shares End Flat as S&P/ASX 200 Holds at 9,263 Ahead of US Jobs Data
On 7 August 2026, Australian shares closed almost unchanged as investors remained cautious before the release of US jobs data. The S&P/ASX 200 ended the session at 9,263 points, with gains across mining stocks offsetting losses in banks and healthcare companies. Traders watched the US employment report closely because the results could affect global interest…
DBS Shares Hit $76.33 as CEO Tan Su Shan Drives Wealth Growth to $500B
DBS posts record S$3.08B Q2 profit, wealth AUM crosses S$500B milestone. Shares hit S$76.33 as CEO Tan Su Shan charts AI-driven strategy for Southeast Asia’s largest bank.