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
As U.S.-China trade tensions disrupt global supply chains, Asia’s richest man, Mukesh Ambani, is quietly turning volatility into opportunity — and helping America offload unwanted cargo in the process. According to a
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India’s Adani Green Energy is seeking reimbursement of several million U.S. dollars from the Sri Lankan government after pulling out of two major renewable energy projects, according to local media reports in
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Former U.S. President Donald Trump has issued a fresh warning to nations aligning with the BRICS group of developing countries, threatening an additional 10% tariff on their exports to the United States.
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The Commercial High Court of Colombo has granted a 14-day enjoining order restraining legal action to wind up SriLankan Airlines over unpaid international bond obligations amounting to $209 million. The order, issued
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PwC’s newly appointed UK senior partner Marco Amitrano is considering managing partner Laura Hinton as the leading candidate to head the firm’s Middle East operations, according to a report by the Financial
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A growing number of US industrial companies are pivoting towards the data centre market, hoping to ride the wave of artificial intelligence-driven demand as the sector sees an unprecedented influx of investment.
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Chinese mining companies have ramped up their overseas acquisitions to the highest level in over a decade, as they race to lock in critical mineral supplies amid intensifying geopolitical tensions and growing
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Singapore’s financial regulator has imposed a total of US$21.5 million (S$27.45 million) in penalties on nine banks and financial institutions, including global giants UBS and Citi, for compliance failures tied to a
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India’s stock market regulator, the Securities and Exchange Board of India (SEBI), has imposed a temporary ban on New York-based trading giant Jane Street, alleging the firm engaged in a “sinister scheme”
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European Commission President Ursula von der Leyen is facing heightened pressure ahead of a critical no-confidence vote, as the EU’s independent watchdog has issued a stark warning over her deregulation agenda. In
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The head of Hitachi Energy, the world’s largest transformer manufacturer, has warned that governments must urgently regulate the electricity consumption of artificial intelligence data centres to prevent grid instability and blackouts. In
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As Germany ramps up efforts to rebuild its armed forces in response to growing geopolitical threats, the country’s business leaders are raising red flags over the impact of military recruitment on an
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The $33 billion take-private transaction involving Toyota Industries, a key supplier to Toyota Motor, has come under sharp criticism from a leading corporate governance group, raising fresh concerns over Japan’s efforts to
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China has sharply criticized the recent US-Vietnam trade agreement, expressing fears that President Donald Trump is using his so-called “liberation day” tariff negotiations with third countries to restrain China’s export-driven economy. The
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Hilton (NYSE: HLT) has been named the Best Workplace in Sri Lanka™ 2025 by Great Place to Work®, marking the first time the company has secured the top position in the large-sized
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