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
Citigroup has cut approximately 3,500 technology jobs in mainland China, marking one of the largest downsizings by a foreign financial institution in the country in recent years. The move is part of
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Indonesia has rolled out a $1.5 billion stimulus package aimed at bolstering consumer spending and sustaining economic growth, as Southeast Asia’s largest economy faces mounting pressure from weakening commodity prices, tepid trade,
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Boeing has reached a settlement with the U.S. Department of Justice (DoJ) that could allow the aerospace giant to avoid criminal prosecution for defrauding aviation regulators over the safety of its 737
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Former President Donald Trump’s signature tax legislation—championed as a cornerstone of his second-term economic agenda—will add $2.4 trillion to the federal deficit by 2034, according to a report released Wednesday by the
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The European Union is pressuring China to ease new restrictions on rare earth exports, warning that the bloc’s automotive industry faces an “alarming” supply crisis that could lead to factory shutdowns across
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U.S. private equity powerhouse Apollo Global Management has announced plans to invest up to $100 billion in Germany over the next decade, marking a significant endorsement of Chancellor Friedrich Merz’s ambitious efforts
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Temasek Holdings, Singapore’s state-owned investment giant, is significantly scaling back its exposure to early-stage companies following a series of high-profile investment setbacks and tighter global financial conditions, sources familiar with the matter
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Meta has signed its first long-term nuclear energy deal, securing two decades of clean power from an Illinois nuclear plant to help meet the surging energy demands of artificial intelligence and data
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The explosive growth of the opaque private credit industry may be laying the groundwork for the next global financial crisis, according to a major new study involving researchers from Moody’s Analytics, the
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The global economy is on course for its weakest growth since the COVID-19 pandemic, as a resurgent U.S. trade war under President Donald Trump triggers a downturn across leading economies, according to
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A bitter corporate espionage battle between two of Silicon Valley’s most valuable HR tech start-ups has escalated sharply, with Deel accusing rival Rippling of infiltrating its systems and stealing proprietary information —
More Boeing Co. shares are gaining renewed investor confidence after Bank of America Corp. upgraded the stock to a “buy,” citing its central role in U.S. trade negotiations under the Trump administration and
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PricewaterhouseCoopers LLP (PwC) is facing escalating turmoil in Hong Kong, as the global accounting giant grapples with the aftershocks of its controversial audits of China Evergrande Group, one of the country’s most
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Bangladesh’s interim government has unveiled a cautious and reform-focused budget aimed at narrowing the fiscal deficit and boosting revenue, as the crisis-stricken nation strives to secure further support from the International Monetary
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UnitedHealth Group Inc. shareholders have overwhelmingly approved a compensation package for Chief Executive Officer Stephen Hemsley that includes a $60 million stock option award, signaling strong investor confidence in the longtime executive’s
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