Singapore’s state-owned investment giant
The Koronea Family Office has spent almost $70 million to take a controlling stake in Atlas Trafo, part of a broader push to build an international power engineering group around ZPUE, a Polish industrial legacy. The strategy reflects a private family-backed move into cross-border acquisitions.
Leaders from BRICS and newly admitted members have arrived in New Delhi for a two-day summit beginning Sept. 12. Xi Jinping, Vladimir Putin and Iran’s Masoud Pezeshkian have travelled to India; Narendra Modi has held bilateral talks with several visitors. Delegates are confronting the US‑Israel war on Iran, the Ukraine conflict, trade tensions and energy security.
The Boring Company has raised $3 billion in a funding round led by the United Arab Emirates, valuing the company at $23 billion. The round boosts plans to dig more than 150 kilometers of tunnels in the UAE, with other investors including Andreessen Horowitz, Sequoia, and Baron Capital. The funding follows recent activity in Las Vegas and Nashville as the company pushes to turn Musk’s tunneling vision into a global transit network.
Temasek is expanding with new offices in Riyadh and Abu Dhabi to engage Gulf institutions and pursue long-term infrastructure and private-market opportunities, aligning with regional transformation and existing partnerships.
Temasek CIO warns the AI rally may not be sustainable; while AI-backed earnings support the S&P 500, a large portion of stocks remain below recent highs. He signals a potential 2027 bump, with Temasek prepared to pivot as the AI environment evolves.