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
The U.S. Department of Defense (DoD) has entered into a $200 million contract with Elon Musk’s artificial intelligence company, xAI, in a move aimed at harnessing advanced AI capabilities to address pressing
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Taiwan’s central bank has issued a warning to certain foreign investors over violations of capital control regulations, as it intensifies efforts to curb speculative inflows and contain the surging value of the
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The European Union will expand its use of foreign subsidy investigations to scrutinize non-EU companies investing in the bloc, as it intensifies efforts to protect European industries from what it views as
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Wall Street’s major banks are poised to extend the longest investment banking slump in more than a decade, with trading once again expected to deliver the bulk of revenue in the second
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Chinese biotech shares are experiencing a powerful resurgence, buoyed by a wave of optimism around cutting-edge cancer treatments and strategic licensing deals with global pharmaceutical giants. According to reporting by the Financial
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The World Health Organization (WHO) has placed the head of its South-East Asia Regional Office (SEARO), Saima Wazed, on leave amid mounting fraud allegations, according to Financial Times reporting. In an internal
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India’s foreign exchange reserves slipped by USD 3.049 billion to USD 699.736 billion for the week ending July 4, according to the latest data released by the Reserve Bank of India (RBI).
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India’s aviation industry is projected to report a net loss in the range of Rs 20–30 billion ($233–350 million) in the financial year 2025–26 (FY26), according to a report released by credit
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Silicon Valley has officially “lost its mind,” The Times UK reports, as startup and big-tech pay packages skyrocket amid the AI gold rush—mirroring the dot‑com mania of the late 1990s. In just
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India has broadened the use of a key financial instrument known as total return swaps (TRS) to include corporate bonds. This move, reported by Bloomberg citing people familiar with the matter, marks
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Tesla Inc. is set to formally enter the Indian market with the opening of its first showroom in Mumbai on Tuesday, as the electric vehicle (EV) giant ramps up efforts to counter
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The global trend toward deglobalization, accelerated by former U.S. President Donald Trump’s tariff policies, is creating strong tailwinds for private credit markets, according to Marc Pinto, Global Head of Private Credit at
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Elon Musk’s xAI is preparing to launch a new fundraising round that could value the company as high as $200 billion, according to people familiar with the talks. The potential deal —
More In a stark message to European leaders, JPMorgan Chase chief executive Jamie Dimon has warned that Europe is facing a significant competitiveness problem, and is currently “losing” the economic battle against rivals
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The Pentagon is making a direct $400 million investment in US rare earths producer MP Materials, underscoring the Trump administration’s urgent push to reduce reliance on China for critical minerals and strengthen
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