Fed Governor Kashkari said the rise in inflation is not solely attributable to oil or Middle East-related factors.

Samsung will unveil on the 29th at the Blue House a KRW 1,000 trillion (about $650 billion) investment blueprint over the next decade for semiconductors, AI data centers, secondary batteries and displays — a package Samsung says consolidates planned capex across its core businesses and equals roughly half of South Korea’s GDP. Samsung is considering about KRW 300 trillion for semiconductor fabs in the Gwangju–Jeollanam‑do area, aligned with the government’s plan for a second southwestern semiconductor cluster; Samsung Electronics chairman Lee Jae‑yong conveyed the proposal to President Lee after a meeting on the 25th.

China's Ministry of Finance, Ministry of Natural Resources and State Taxation Administration jointly issued a notice to further improve collection of mining-rights transfer revenue. For minerals not listed in the List of Mineral Types Charged by Mining‑Rights Transfer Revenue Rate (trial) attached to the Measures for Collection of Mining‑Rights Transfer Revenue (Caizong [2023] No.10), the starting price for mining‑rights transfers will be set at the higher of the assessed value and the market‑benchmark price used to calculate mining‑rights transfer revenue. Starting prices for minerals on the list will continue to follow current rules.