Indonesian President Prabowo Subianto has sacked finance minister Purbaya Yudhi Sadewa and appointed his deputy, Suahasil Nazara, as his replacement, the president’s office said on Monday, Reuters reported. Suahasil, who has served
China is preparing a fresh push to clear its vast housing glut by mobilizing major central government-owned enterprises and bad-debt managers to purchase unsold homes from distressed developers, according to people familiar
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CK Hutchison Holdings, the Hong Kong-listed conglomerate controlled by billionaire Li Ka-shing, saw its interim profits tumble 92% in the first half of 2025, weighed down by one-off costs linked to its
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The Ceylon Chamber of Commerce welcomed the Ambassador of the United States to Sri Lanka, Julie Chung, for a courtesy meeting with its leadership to discuss opportunities for trade, investment, and economic
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China’s Xiluodu Dam, one of the world’s largest hydropower stations, has completed a full transition from Western-made industrial control chips to domestically developed systems, in a move aimed at bolstering national security
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Trading activity on China’s stock exchanges surged to its highest level in nearly six months on Wednesday, signaling growing bullish sentiment among investors, Bloomberg reported. Turnover across mainland exchanges reached 2.15 trillion
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Indian refiner Nayara Energy Ltd. has carried out one of its first ship-to-ship fuel transfers since being hit by European Union sanctions, in an apparent effort to maintain exports despite mounting restrictions,
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British MP Tulip Siddiq allegedly used her “special power” as a parliamentarian to pressure her aunt, former Bangladeshi prime minister Sheikh Hasina, into securing state-owned land for family members, prosecutors told a
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by Our Correspondent in Colombo President Anura Kumara Dissanayake has ordered the temporary suspension of Adani Green Energy’s wind power projects in Mannar, citing environmental concerns, local grievances, and the need for
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PwC has intensified oversight of its UK employees’ office attendance, introducing a dashboard that allows senior partners to track staff presence via pass swipes and laptop WiFi connections. The move, first reported
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Despite weakening consumer confidence and rising geopolitical tensions, British companies are increasingly optimistic about opportunities in China. British wine club operator 67 Pall Mall, for instance, is preparing to open its first
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The International Energy Agency (IEA) has warned that rising global oil production, led by Saudi Arabia, is set to collide with weakening demand in the final quarter of 2025, particularly in Asia.
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AI startup Perplexity has made an unsolicited $34.5 billion offer to acquire Google’s Chrome browser, a bold move aimed at capitalizing on potential U.S. antitrust remedies that could force the search giant
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Indian equities are poised for a modest gain on Wednesday, buoyed by positive sentiment across Asian markets and fresh signs of easing inflation both at home and in the U.S., Bloomberg News
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Huawei Technologies has introduced a groundbreaking software tool aimed at reducing China’s dependence on costly foreign high-bandwidth memory (HBM) chips, a critical component for powering advanced artificial intelligence (AI) applications. The new
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China has taken a significant step forward in its campaign to globalize the yuan, securing a record-breaking offshore loan deal with Australian mining giant Fortescue Metals Group. The $1.98 billion (14.2 billion
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