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 Ceylon Chamber of Commerce has welcomed the recent reduction in the tariff rate on Sri Lankan exports to the United States, calling it a “constructive and important first step” toward enhancing
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Dutch pension funds are preparing to sell approximately €125 billion of long-dated European government bonds over the coming years as they transition to a new retirement system, according to the Financial Times.
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Linda Yaccarino, the chief executive of X (formerly Twitter), has announced her resignation, stepping down just two years after being appointed by Elon Musk to lead the platform’s transformation. In a statement
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Nvidia has become the first publicly listed company to reach a market capitalization of $4 trillion, reflecting the rapid acceleration of the artificial intelligence (AI) boom that the company has helped to
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The European Union has voted to remove the United Arab Emirates (UAE) and Gibraltar from its “grey list” of countries with inadequate money laundering and counter-terrorism financing (AML/CFT) controls. The decision, passed
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Apple has announced the promotion of longtime executive Sabih Khan to Chief Operating Officer, placing him in charge of the iPhone maker’s vast and complex global supply chain at a time of
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Singapore’s state investment firm Temasek Holdings has adopted a more cautious stance toward Europe, citing rising global trade tensions and tightening financial conditions just a year after launching its much-celebrated Paris office
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The cost of insuring commercial vessels transiting the Red Sea has skyrocketed following a sharp escalation in attacks by Yemen’s Iran-backed Houthi militants, threatening further disruption to global trade flows. According to
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As global trade dynamics shift and U.S. tariff threats grow increasingly unpredictable, China is strengthening its economic monitoring systems to guard against potential worst-case scenarios and guide long-term strategic planning. The National
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Beijing’s recent export controls on rare earth elements have triggered a worldwide race to reduce dependence on China, but experts warn that breaking its dominance will be neither quick nor easy. In
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Europe’s busiest seaport, the Port of Rotterdam, is taking significant steps to prepare for the possibility of a war with Russia, including reserving dock space for NATO military supply ships and planning
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Leading U.S. private equity firms have abruptly paused their controversial “on-cycle” recruitment process, a practice that involved hiring promising college graduates for roles set to begin several years in the future. The
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UBS has made approximately 100 “goodwill payments” to clients in Switzerland who suffered steep losses on foreign exchange derivatives after market turmoil sparked by former U.S. President Donald Trump’s April 2 “liberation
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Samsung Electronics has stunned investors with a forecast of a 56% drop in second-quarter operating profit, as ongoing U.S. export restrictions on China and setbacks in supplying advanced AI memory chips to
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While luxury markets across China and the U.S. face slowing demand, Singapore is powering ahead — thanks to its soaring millionaire population and appetite for high-end retail. According to data shared with
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