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
Borrowing costs for top-rated emerging market (EM) governments and corporations have dropped to levels not seen since before the 2008 global financial crisis, as investors increasingly move away from traditional safe assets
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As artificial intelligence reshapes the global economy, more than 500 companies and business groups are aggressively lobbying U.S. policymakers to shape the future of the technology in their favor, according to a
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McKinsey & Company has reportedly instructed its China operations to cease consultancy work related to generative artificial intelligence (AI), effectively sidelining itself from one of the fastest-growing and potentially most lucrative markets
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Malaysia is pushing to lower incoming U.S. tariffs set to take effect on August 1, but negotiations remain fraught as Prime Minister Anwar Ibrahim’s government resists several key demands from Washington, Bloomberg
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China’s largest shipping company, Cosco Shipping Corp., is seeking a powerful role in the consortium acquiring billionaire Li Ka-shing’s overseas ports business, in a bid to secure Beijing’s approval for the sensitive
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New Silk Road Investment Pte, one of Singapore’s oldest homegrown hedge funds, is winding down operations after years of underperformance and a sharp exodus of capital, especially from once-loyal U.S. institutional investors,
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Billionaire Gautam Adani, best known for his sprawling ports-to-power empire, is rapidly transforming India’s real estate landscape through a quieter but equally ambitious push into property development, Bloomberg reports. Adani Realty, the
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The French government has opened a criminal investigation into Elon Musk’s social media platform, X, over allegations of algorithm manipulation and fraudulent data extraction, the company revealed in a statement Monday. According
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UK fintech firm Wise is facing a shareholder rebellion after co-founder Taavet Hinrikus publicly opposed the company’s proposed shift of its primary stock listing to the United States, citing concerns over corporate
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A recent Washington Post report details how President Donald Trump’s aggressive tariff strategy is fundamentally reshaping global commerce, sparking widespread disruption across corporate boardrooms and international diplomatic channels. With the average U.S.
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The U.S. President Donald Trump has issued a stern warning to BRICS nations, threatening a 10% tariff on all imports from member states if they continue efforts to challenge the dominance of
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A groundbreaking discovery by Chinese scientists has sent ripples through the global rare earth market, highlighting China’s continued supremacy in this critical sector. The mineral, officially named Huanghoite-(Nd) and colloquially dubbed the
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JPMorgan Chase & Co. is expanding its research coverage to include private companies — starting with one of the sector’s most watched names, OpenAI. The Wall Street giant launched its first-ever research
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David Sharpe, the former CEO of defunct private lender Bridging Finance Inc., is appealing a ruling by the Ontario Securities Commission (OSC) that found he committed fraud and permanently banned him from
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After a decade of soaring property prices and rapid redevelopment, Milan’s real estate renaissance is now under a cloud of suspicion. A sweeping corruption investigation into the city’s property industry has implicated
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