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
Two major financial misconduct cases sent ripples through international institutions this week, as former Goldman Sachs banker Tim Leissner was sentenced in the U.S. for his role in the 1MDB scandal, while
More
Elon Musk’s brain-computer interface company Neuralink has raised $600 million in a new funding round that values the startup at $9 billion before the injection of fresh capital, according to people familiar
More
A new report from Statistics South Africa has revealed a sobering reality: over 25.4 million South Africans—roughly 40.1% of the population—depend on social grants as a means of survival. The findings, published
More
European Central Bank (ECB) President Christine Lagarde has considered cutting short her term to assume leadership of the World Economic Forum (WEF), according to an exclusive report by the Financial Times. The
More
A damning internal review has revealed that the chief executive of Heathrow Airport, Thomas Woldbye, was unreachable during a critical power outage in March, as his phone was on silent at his
More
China has assured the refinancing of $3.7 billion in maturing commercial loans—this time entirely in Chinese currency (RMB)—before the end of June. The move is expected to help Pakistan maintain its fragile
More
Tesla’s dominance in Europe’s electric vehicle (EV) market is showing deep cracks, as new data reveals the automaker’s sales across the continent fell by nearly half in April — even as the
More
A quiet revolution is unfolding in Europe’s industrial sector, as some of the continent’s oldest electrical equipment makers see explosive market value growth—fuelled not by legacy manufacturing, but by the AI data
More
Toyota is taking a major step into the high-stakes automotive software arena with the launch of its in-house operating system, Arene, which will debut in the next-generation RAV4 sport utility vehicle by
More
Li Zhenguo, the billionaire founder of Chinese solar powerhouse Longi Green Energy, has stepped back from day-to-day management of the company he built into one of the world’s leading photovoltaic giants. The
More
Zijin Mining Group, China’s largest gold producer, is venturing into the precious metals “streaming” business through its asset management arm, in a strategic bid to lock in future bullion supplies amid soaring
More
Volvo Cars is cutting around 3,000 office jobs — roughly 15% of its white-collar workforce — in a sweeping $1.9 billion restructuring effort, as falling electric vehicle (EV) demand and geopolitical pressures
More
Europe’s largest shipbuilder, Fincantieri, has called on the European Union to urgently strengthen its underwater defence systems in the face of increasing threats to subsea infrastructure and a reduced U.S. military footprint
More
Singapore is grappling with a surging wave of online scams, driven by a combination of high affluence, digital dependence, and deep cultural compliance with authority — a situation some experts have dubbed
More
European Union leaders are calling for swift negotiations with U.S. President Donald Trump to avoid a looming transatlantic trade conflict, according to reporting by the Financial Times. The urgency comes after Trump
More