News

Australian mining giant South32: Its fourth milling line project in West Jera Gorda will increase copper production by about 30% from 2031.

Australian mining giant South32 anticipates that the West Jera Gorda orebody will become a significant source of copper resources in the coming decades.

UK Maritime Trade Organization: Crew reports safety, but related environmental impacts were unclear at the time of reporting.

The UK Maritime Trade Organization has received reports of an incident 9 nautical miles northeast of Ash Hisha, Oman. The tanker captain reported that the vessel was attacked by an unknown projectile, resulting in damage to the engine room and loss of power.

According to Nikkei, Japan plans to spend $630 million to purchase a submarine cable laying vessel.

Boeing (BA.N) has contracts related to foreign military sales projects, with customers including Japan, Israel, Saudi Arabia, South Korea, Singapore, Indonesia, and Poland.

Boeing (BA.N) has been awarded a contract worth up to $131.2 billion for the U.S. Air Force's F-15 Eagle Crest program. The contract is expected to expire on August 24, 2031, with an option to extend to August 24, 2036.

According to The Times: British Prime Minister Burnham has shelved the Thames Water takeover plan due to cost issues.

The U.S. Supreme Court overturned previous judicial rulings that blocked President Trump's executive order restricting mail-in voting in 23 states and Washington, D.C.

According to the Associated Press, the United States is preparing to revoke up to 200,000 business and tourist visas.

According to the New York Times, the U.S. Securities and Exchange Commission has subpoenaed major Wall Street banks for information regarding transactions by the artificial intelligence hedge fund Situational Awareness.

According to Saudi Arabia's Al Arabiya TV, U.S. Ambassador to Turkey and Special Envoy for Syria, Ehud Barak, stated that the U.S. decision to remove Syria's designation as a "state sponsor of terrorism" is a crucial step in the reconstruction process.

The Dow Jones Industrial Average rose 139.98 points, or 0.26%, to close at 53,416.99 on Monday, August 24; the S&P 500 fell 21.41 points, or 0.28%, to close at 7,652.96 on Monday, August 24; and the Nasdaq Composite fell 200.26 points, or 0.76%, to close at 25,980.19 on Monday, August 24.

Nvidia (NVDA.O) shares fell for the seventh consecutive day, marking the longest losing streak since 2022.

Nvidia (NVDA.O) shares fell more than 3% in late trading on the US stock market.

U.S. Defense Secretary Hergsays: The USS Lincoln is departing from the Middle East and returning home.

U.S. Defense Secretary Hergsays: Iran’s kinetic strikes have not been suspended, and we will act decisively if necessary.

U.S. Defense Secretary Hergsays: Iran still has some capabilities, but its only option is to return to the negotiating table.

U.S. Defense Secretary Hergsays: Oil shipments through the Strait of Hormuz are unimpeded.

According to Business Insider, Amazon (AMZN.O) plans to build new automated warehouses aimed at automating delivery stations, a project estimated to cost over $530 million.