Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Seatrium Reaches $475 Million Settlement With Maersk Over Offshore Wind Vessel Project 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
SK On Co., a South Korean battery firm, has inked an initial agreement with US automobile company Ford Motor Company and Turkish conglomerate Koc Holding A.S. to establish an electric vehicle (EV) battery manufacturing facility in Turkey.
SK On announced the formation of a joint venture with the two firms to construct a high-nickel lithium-ion battery plant in Ankara, Turkey.
The JV is targetting an annual production capacity of 30-45 gigawatt-hours (GWh) from 2025.
The deal marks SK On continuous expansion in the European market with its American counterpart by forming a collaboration with a third party in Europe.
Koc Holding is a long-standing collaborator for Ford, with a domestic production facility that can produce 455,000 automobiles every year.
SK has partnered with Ford in building three EV battery plants in Tennessee and Kentucky through their joint venture BlueOval SK in a deal worth 10.2 trillion won.
Koc Holding, a long-time partner of Ford, has a domestic production line capable of manufacturing 455,000 vehicles a year.
SK On has partnered up with Ford to build three EV battery plants in the US states of Tennessee and Kentucky through their joint venture BlueOval SK in a deal worth 10.2 trillion won.
The deal makes SK a major Form supplier of Ford by helping it secure about 70 percent of EV batteries it needs from SK On.
SK On operates a domestic plant in South Korea’s central region of Seosan, and overseas factories in Georgia, the US, the Chinese city of Changzhou, and the Hungarian city of Komarom.
By 2025, the firm aims to have opened two more factories in China and Hungary.
SK On aims to grow into a global battery producer with its total production reaching 500 GWh by 2030.
