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Saudi Aramco reported a jump in second-quarter profit on Tuesday as the Iran war squeezed oil supply. The company earned $33.4 billion, beating analyst expectations. CEO Amin H. Nasser said, "That enabled us to sustain production and exports while advancing key projects, despite the challenging regional environment." Exports remain strong.
AI-enabled optimisation is helping unlock grid capacity across Australia by using real-time data to manage electricity supply and demand. By learning from complex patterns, these systems improve how wind, solar, and batteries work together. Cloud computing now makes these advanced tools more practical and efficient for homes and businesses.
Passive equity managers handled 62.6 per cent of engagement activity for Japan’s $1.86 trillion Government Pension Investment Fund last year. The fund said, “For passive investment, we believe engagement activities are critical to encourage investee companies to achieve a long-term increase in corporate value.” It now prioritizes stewardship in manager assessments.
Arkema started up its PVDF capacity expansion in Calvert City, Kentucky, in February 2025. The 20 million US dollar investment supports growing demand for energy storage, semiconductors, and data centers. This project strengthens the company’s leadership in the United States while helping customers meet needs for electric vehicle battery materials.
The Public Company Accounting Oversight Board must set new corporate AI standards as technology disrupts the auditing profession. Former chair Erica Williams said, "AI adoption is no substitute for an auditor’s own knowledge and judgment." Firms already retracted reports due to AI errors, showing that current rules need an urgent update.
Asian shares mostly fell Tuesday despite a rally on Wall Street. Japan's Nikkei 225 slipped 0.6% to 63,369.85 as investors weighed the impact of recent U.S.-Japan currency intervention. Analysts said the effectiveness of such moves remains uncertain because they do not address fundamental economic reasons behind the current currency fluctuations.
Zach Dell and a SpaceX alumnus started Base Power to install home battery storage across the US. The company installs 100 batteries a day and expects to double that pace by 2026. These units help homeowners lower electric bills and provide backup power during outages, helping stabilize the local energy grid.
Apple Inc. briefly removed the Telegram messaging app from its App Store after finding content that violated a ban on child sexual abuse material. The app was unavailable for many users in the US, India, Australia and Singapore. It got restored after the company took action against the harmful content.
Homeowner associations are filing more foreclosures against residents who fail to pay dues. Data from Benutech shows HOAs filed 284,933 liens in 2025, an 8.6% increase from 2024. Brian Fox said, "HOAs are being forced into more aggressive collections to avoid their own financial collapse." Many communities now face underfunding issues.
Turkey is seeking to attract more rich residents as instability hits rival wealth hubs from London to Dubai. The country recently started offering tax incentives for monied expats to use its strategic location. Many wealthy people now look for safer places, and Turkey hopes this plan gets them to move there.
U.S. soybean farmers are working to meet global demand as farmland fell 7% since 2000. The USDA reported that 307,000 farms were lost during this period. Farmer Barry Alexander said, "Land is going away every day, and that's one commodity they're not going to reproduce." Exports to China remain vital.
Lufthansa reported 123 million euros in net profit for the second quarter, showing a steep drop. The German carrier group narrowed its full-year guidance range as volatile kerosene prices hit earnings. Many investors worry about rising costs, as the airline struggles to maintain margins while facing tough market conditions ahead.