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 are meeting in New Delhi for a summit that will test ties between India, China and Russia while India balances relations with Western partners. Japan's Okinawa has held a governor race that is reflecting economic concerns. Several Asian policy and business events this week include a Philippine AI infrastructure plan, a Huawei trial in New York and Hong Kong's BIOHK2026 conference.
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.
The AI-driven rally has cooled as Temasek flags a potential 2027 bump and warns that the AI trade may reverse. Investors are watching Fed minutes for clues on the next move, while India’s RBI has already tightened policy, underscoring a shifting macro backdrop.