Building

Rescue workers say search for dozens of people hampered by lack of heavy machineryA building housing about 100 displaced Palestinian families has collapsed in Gaza City, killing at least 20 people, as rescuers search the rubble for dozens of people believed to be trapped, including children.A rescue team from Gaza’s civil defence said they had recovered the bodies of five children among the victims, while 25 injured people were taken to hospital. Medical sources said rescuers could hear the voices of people trapped beneath the rubble as they tried to reach them. Continue reading...

• India is building rice buffers to protect against potential trade crises or weather-related production disruptions. • The country currently maintains rice stocks that exceed its own domestic needs. • These strategic reserves aim to stabilize the local market and ensure food security during global supply shocks.

Angela Rayner says manifesto pledge is not being dropped but focus is now on building council housesUK politics live – latest updatesThe government is unlikely to meet its target of building 1.5m homes, Angela Rayner has acknowledged, saying there was only a “slim chance” enough houses would be built before the next election.The manifesto pledge to build 1.5m houses by the next election was a “stretch target”, the communities secretary added, but that it was not being ditched and she was “definitely not giving up”. Continue reading...

• FilmNation CEO Glen Basner stated during a Toronto International Film Festival panel that the industry needs a more holistic approach to packaging independent films. • Basner argued that relying solely on big-name Hollywood actors is no longer sufficient to connect creators with global audiences. • This shift reflects a broader challenge for indie filmmakers who are increasingly building movies specifically for streaming companies rather than traditional theatrical releases.

• South Korea continues to benefit from a global AI investment supercycle as U.S. hyperscalers, or large-scale cloud service providers, invest hundreds of billions of dollars into the region. • The South Korean government plans to redirect tax windfalls from the semiconductor industry into a new Future Fund to sustain long-term growth. • Diversifying investments is critical because other sectors, including power grids, shipbuilding, and military stockpiles, now require heavy capital spending as global conflicts resolve.

• Mistral AI raised €3 billion in a Series D funding round to develop sovereign, open-weight artificial intelligence for European enterprises. • The funding supports the creation of AI models that allow companies to maintain control over their own data and infrastructure. • This investment reduces European reliance on American AI providers and strengthens the region's ability to compete in the global technology market.

• The Bathla Group building company collapsed, highlighting systemic issues within the private credit market. • Oil prices rose following increased geopolitical tensions in the Middle East. • These events create volatility for investors and lenders exposed to private credit and energy markets.