MACROSTORY 545· AUGUST 4, 2026

SpaceX moves to end reliance on Chinese suppliers

A supply chain is the full network of suppliers and logistics providers a manufacturer depends on to build its products. SpaceX is now actively working to make that network independent of China. For a company building rockets, that…

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BRICS nations agree to condemn unilateral war; formal vote set for Saturday

A joint declaration is a formal statement that every member country must accept before it carries weight. BRICS members have reached agreement on one: language condemning unilateral war by any country, four sources say. Formal approval by…

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09MACRO

Bank of Japan cuts government bond holdings by a record 47.8 trillion yen

Japan's central bank shed more of its bond stockpile in a single year than it ever has before. The Bank of Japan's holdings of Japanese Government Bonds (debt the national government issues

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10MACRO

Seoul's incoming defense chief says South Korea will reclaim wartime command with no new conditions

Seoul is moving to reclaim wartime command of its military forces from the United States, and South Korea's defense minister nominee says the country will pursue that goal under a principle of "no added conditions." Wartime operational…

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