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 Bank for International Settlements (BIS) has issued a stark warning about the fragility of the modern global financial system, emphasizing that despite significant changes since the 2007–09 financial crisis, the core
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Deutsche Bank has revealed that it could face a significantly larger capital impact than previously expected under the upcoming Basel IV banking reforms, which overhaul how lenders calculate risk across their portfolios.
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Sir Pascal Soriot, chief executive of AstraZeneca, has expressed a private desire to move the company’s primary stock market listing from London to the United States, according to sources cited by The
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KPMG stepped down as auditor of Prax Group, the parent company of one of the UK’s largest oil refineries, in the year leading up to its sudden insolvency, according to a report
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Liquidators pursuing funds looted from Malaysia’s scandal-ridden 1MDB sovereign wealth fund are suing UK-based banking giant Standard Chartered for more than $2.7 billion, alleging the bank played a central role in one
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Two of the Middle East’s most powerful energy companies, Saudi Aramco and the Abu Dhabi National Oil Company (Adnoc), are hitting the brakes on their multibillion-dollar acquisition strategies as falling oil prices
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Hong Kong’s stock market is outpacing mainland China’s by its widest margin since the global financial crisis, highlighting how weak economic recovery and ongoing U.S.-China trade tensions are dampening investor confidence on
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The U.S. dollar is experiencing its steepest first-half decline in over half a century, falling more than 10% in the first six months of 2025 — its worst start to the year
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In an interview with the Financial Express, Sitharaman stated that these sectors represent “very big red lines” in the ongoing negotiations. “There’s no way we could do anything that would weaken our
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Chinese surveillance technology giant Hikvision has issued a strong rebuke against the Canadian government’s recent order demanding that the company halt all operations in Canada within 120 days over alleged national security
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President Donald Trump announced that a group of “very wealthy people” is preparing to purchase the American operations of TikTok, as the social media giant faces a government-mandated divestiture aimed at separating
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Senior executives and board members at Nvidia have sold more than $1 billion worth of company stock over the past year, including a sharp uptick in trading this month, as reported by
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Central bankers worldwide are raising alarms over the persistent threat of inflation resurgence, driven by lasting “scars” on households from the sharp price increases following the pandemic. According to a recent report
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The number of entry-level job vacancies in the UK has dropped sharply—falling by nearly a third—since the debut of the artificial intelligence tool ChatGPT in November 2022, according to research from job
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From bustling urban markets to small neighborhood shops, coins and banknotes have all but vanished from day-to-day transactions. The vast majority of Chinese consumers now rely on mobile payment platforms like WeChat
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