Volkswagen considers asset sales as global tech firms invest in AI and EU faces trade calls
South Korean tech giants Samsung and SK Hynix plan $1.3 trillion in AI investments. Volkswagen considers selling assets like Ducati. European manufacturers urge the EU to close a loophole for Russian aluminum. Sovereign funds shift to energy, expressing dollar concerns. Ukraine's
South Korean tech giants Samsung and SK Hynix are reportedly planning investments of approximately $1.3 trillion to expand AI chip production and establish new data centers. Meanwhile, European aluminum manufacturers are urging Brussels to close a loophole that allows sanctioned Russian aluminum to enter the EU market via third countries. Sovereign funds and central banks, managing $29 trillion in assets, are reportedly reorienting investments towards energy assets and expressing growing concerns about the US dollar's future. Separately, Volkswagen may consider selling key assets such as Ducati and PowerCo following significant employee reductions, though reports suggest this might not be sufficient to stabilize the German automaker. Domestically, Ukraine's energy holding DTEK has launched a five-year program to integrate artificial intelligence across its operations. Sources: Forbes Ukraine
Sources
Earlier coverage
- Jun 29, 2026, 05:30 PM UTCGlobal business updates: Tech investments, VW asset sales, and geopolitical economic shifts
- Jun 29, 2026, 05:00 PM UTCDiverse economic and political developments unfold across Europe and Asia
- Jun 29, 2026, 03:30 PM UTCUkrainian MP accused, tech giants invest, and other global economic shifts
- Jun 29, 2026, 03:00 PM UTCUkrainian MP Mykola Tyshchenko receives suspicion notice amid broader economic news
- Jun 29, 2026, 02:30 PM UTCGlobal business shifts: Chip investments, Russian aluminum, sovereign fund pivots, VW sales, Ukraine AI
- Jun 29, 2026, 02:00 PM UTCTech giants invest in AI chips, European firms target Russian aluminum loophole, and sovereign funds shift to energy
- Jun 29, 2026, 01:00 PM UTCGlobal tech investments, EU sanctions, and Ukrainian industry developments
- Jun 29, 2026, 12:00 PM UTCForbes Ukraine highlights diverse global and domestic economic trends
- Jun 29, 2026, 10:00 AM UTCUkrainian MP Serhii Kuzminykh detained in bribery case
- Jun 29, 2026, 09:00 AM UTCNABU confirms detention of MP Serhii Kuzminykh in bribery case