New Zealand’s opposition Labour Party said if it wins November’s election employer contributions to the KiwiSaver retirement scheme will be made compulsory from July 2028 and will rise to 6% of workers’ wages by 2032. Labour’s finance and economic spokesman Barbara Edmonds said the party will ban contracts that absorb KiwiSaver contributions into a total-remuneration package. Edmonds said a stronger KiwiSaver would put more wealth in New Zealanders’ hands and support more domestic investment.

BRICS leaders reaffirmed mutual respect, sovereign equality and consensus-based cooperation. Building on 20 years of engagement and the group's recent expansion, they pledged to deepen three pillars of cooperation: political-security, trade and finance, and people-to-people exchanges. They called for promoting peace, creating a more representative and equitable international order, reinvigorating and reforming multilateral institutions, and advancing sustainable, inclusive growth while deepening BRICS strategic partnership.

SK Group chairman Chey Tae-won said the Ulsan AI data center under development has expanded to nearly 900 MW of capacity. The project, co-developed with Amazon AWS, carries an expected investment of KRW 7 trillion (about $5.2 billion) and is slated to begin operations in H2 2027. SK plans to announce additional partnerships with global technology firms as the project advances.