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U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

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Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

3

Current price of oil as of August 17, 2026

1

U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

2

Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

3

Current price of oil as of August 17, 2026

Asia

Asia

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

The e-commerce giant sells its gaming studio and pours $53 billion into AI as the US-China tech rivalry heats up

By Mia OsmonbekovAugust 18, 2026

AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems

AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems

By Angelica AngAugust 18, 2026

China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report

China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report

By Angelica AngAugust 17, 2026

Unitree vs. Shein: How August’s big China IPOs show how AI hype is leaving e-commerce giants behind

Unitree vs. Shein: How August’s big China IPOs show how AI hype is leaving e-commerce giants behind

By Nicholas GordonAugust 17, 2026

Japan’s economy notches 1.1% growth rate as spending dips 1.2% and PM sinks in polling

By Yuri Kageyama and The Associated PressAugust 17, 2026

U.S. to trim military exercises with South Korea after Trump says Seoul declined to help on Iran while the North is ‘unthreatening and respectful’

U.S. to trim military exercises with South Korea after Trump says Seoul declined to help on Iran while the North is ‘unthreatening and respectful’

By The Associated PressAugust 16, 2026

Latest stories from Fortune

Dave Sunday gestures while speaking to the audience in the Forum Auditorium across the street from the Capitol after taking the oath of office to become Pennsylvania's next attorney general.

2 Penn State frats were main suppliers in ‘upper level trafficking’ cocaine ring, authorities say

By The Associated Press and Josh KeletyAugust 18, 2026

Home Depot rides America’s housing affordability problem to sales increase on home DIY projects

Home Depot rides America’s housing affordability problem to sales increase on home DIY projects

By The Associated Press and Michelle ChapmanAugust 18, 2026

Data center gas plants to boost U.S. power emissions by 20%

Data center gas plants to boost U.S. power emissions by 20%

By Matt Day, Mark Chediak and BloombergAugust 18, 2026

Biden’s favor to Trump on cheaper drug prices includes a largely forgotten law to make Medicare more powerful

Biden’s favor to Trump on cheaper drug prices includes a largely forgotten law to make Medicare more powerful

By The Associated Press and Ali SwensonAugust 18, 2026

One guinea pig helped her son heal. Now she has to feed 400 every day, running America’s biggest Guinea Pig Sanctuary

By Kimberlee Kruesi and The Associated PressAugust 18, 2026

The gift of a garden: How Facebook’s Buy Nothing helped a teacher reinvent herself as an urban flower farmer for free

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By Barbara Ortutay and The Associated PressAugust 18, 2026

More AsiaPage 5 of 72

Gojek founder Makarim found guilty in Indonesia Chromebooks case

Gojek founder Makarim found guilty in Indonesia Chromebooks case

By Chandra Asmara and BloombergJune 30, 2026

Samsung, SK reportedly to invest $1.3 trillion over 10 years

Samsung, SK reportedly to invest $1.3 trillion over 10 years

By Shinhye Kang, Seyoon Kim and BloombergJune 28, 2026

Anthropic’s Alibaba fight raises a trillion-dollar question for IPO: How defensible is a frontier AI moat against China with Washington’s toolbox?

Anthropic’s Alibaba fight raises a trillion-dollar question for IPO: How defensible is a frontier AI moat against China with Washington’s toolbox?

By Mia OsmonbekovJune 28, 2026

Apple seeks U.S. approval to buy chips from blacklisted CXMT: FT

Apple seeks U.S. approval to buy chips from blacklisted CXMT: FT

By Angela Cullen and BloombergJune 27, 2026

Singapore grads battle low-paid trainee stigma to get hired

Singapore grads battle low-paid trainee stigma to get hired

By Gabrielle Ng and BloombergJune 26, 2026

Maybank Singapore CEO Alvin Lee looks to tap the silver economy and cross-border flows to grow his business

Maybank Singapore CEO Alvin Lee looks to tap the silver economy and cross-border flows to grow his business

By Angelica AngJune 25, 2026

Asia’s defense boom is rewiring the global arms supply chain

Asia’s defense boom is rewiring the global arms supply chain

By Chris OberoiJune 24, 2026

A man wearing a red and black jacket and a red hat walks down a hallway lined with servers.

For the first time since 2017, it’s China, not the U.S., that has the world’s most powerful supercomputer

By The Associated PressJune 24, 2026

Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’

By Nick LichtenbergJune 24, 2026

MSCI delays Indonesia’s market status review until November

MSCI delays Indonesia’s market status review until November

By Prima Wirayani, Bernadette Toh and BloombergJune 23, 2026

SK Hynix briefly tops Samsung as Korea’s most valuable company—and it’s reportedly eyeing a U.S. listing as soon as August

SK Hynix briefly tops Samsung as Korea’s most valuable company—and it’s reportedly eyeing a U.S. listing as soon as August

By Nicholas GordonJune 23, 2026

Insilico Medicine, SK Biopharmaceuticals strike $2.5B AI drug discovery deal targeting neuroimmune therapies

Insilico Medicine, SK Biopharmaceuticals strike $2.5B AI drug discovery deal targeting neuroimmune therapies

By Nicholas GordonJune 22, 2026

Shin Hyun Song, governor of the Bank of Korea.

South Korean chipmakers are being paid such massive bonuses it’s becoming an inflation problem for the central bank

By Eleanor PringleJune 22, 2026

As public sentiment sours, Indonesia awaits MSCI verdict which risks $13 billion in capital outflows

As public sentiment sours, Indonesia awaits MSCI verdict which risks $13 billion in capital outflows

By Angelica AngJune 22, 2026

Fortune Archives: The moment Vietnam’s economy took a right turn

Fortune Archives: The moment Vietnam’s economy took a right turn

By Nicholas GordonJune 21, 2026

Vice President JD Vance heads to Switzerland for talks with Iran but says he will only be there ‘for a day or two’

Vice President JD Vance heads to Switzerland for talks with Iran but says he will only be there ‘for a day or two’

By Kareem Chehayeb, Bassem Mroue, Seung Min Kim, Munir Ahmed and The Associated PressJune 20, 2026

Both U.S. and Chinese AI firms are setting up shop in Singapore. Can the country become Asia’s neutral AI hub?

Both U.S. and Chinese AI firms are setting up shop in Singapore. Can the country become Asia’s neutral AI hub?

By Angelica AngJune 19, 2026

The U.S. and Iran have signed a peace deal. How long will it take for oil flows in Asia to return to normal?

The U.S. and Iran have signed a peace deal. How long will it take for oil flows in Asia to return to normal?

By Angelica AngJune 19, 2026

Singapore punches above its weight on the Southeast Asia 500, capturing a third of total revenue

Singapore punches above its weight on the Southeast Asia 500, capturing a third of total revenue

By Angelica AngJune 18, 2026

How surging gold prices led to the biggest jump on this year’s Southeast Asia 500

How surging gold prices led to the biggest jump on this year’s Southeast Asia 500

By Angelica AngJune 17, 2026

Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 17, 2026.

Kevin Warsh’s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don’t expect many details on when

By Eleanor PringleJune 17, 2026

sea

The Iran war exposed Southeast Asia’s energy vulnerability. Now its import bill could triple to $245 billion

By Anton L. Delgado and The Associated PressJune 17, 2026

Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

By Angelica AngJune 16, 2026

Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

By Nicholas GordonJune 16, 2026

china

China isn’t trying to beat the U.S. at AI — it’s playing a completely different game

By Joe Ngai and Nick LeungJune 16, 2026

REE Corp. chair Nguyen Thi Mai Thanh spent 40 years navigating Vietnam’s economy. Here’s what she thinks comes next

REE Corp. chair Nguyen Thi Mai Thanh spent 40 years navigating Vietnam’s economy. Here’s what she thinks comes next

By Nicholas GordonJune 16, 2026

Vietnam is becoming the hottest tourist hotspot in Southeast Asia—and trying to avoid Thailand’s mistakes

Vietnam is becoming the hottest tourist hotspot in Southeast Asia—and trying to avoid Thailand’s mistakes

By Angelica AngJune 16, 2026

More than manufacturing: Vietnam has hopes to become Asia’s next cultural powerhouse

More than manufacturing: Vietnam has hopes to become Asia’s next cultural powerhouse

By Lee WilliamsonJune 16, 2026

Vietnam’s economy is one of the fastest-growing in the world. Can it make the leap into the ranks of middle-income countries?

Vietnam’s economy is one of the fastest-growing in the world. Can it make the leap into the ranks of middle-income countries?

By Nicholas GordonJune 16, 2026

The Southeast Asia 500 has a new engine: Vietnam

The Southeast Asia 500 has a new engine: Vietnam

By Andrew StaplesJune 15, 2026

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U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

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By Sasha RogelbergAugust 17, 2026

Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

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By Emma BurleighAugust 17, 2026

Personal Finance

Current price of oil as of August 17, 2026

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By Joseph HostetlerAugust 17, 2026

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