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
Opec+ has stunned the oil market by announcing a second consecutive monthly increase in production, this time by 411,000 barrels per day (b/d) for June, even as oil prices continue to slide
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A growing number of Swiss family offices — private entities that manage wealth for the ultra-rich — are relocating or expanding to Dubai, driven by tightening regulations and political uncertainty in Switzerland,
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The US Department of Justice (DoJ) is seeking to compel Google’s parent company, Alphabet, to divest critical components of its digital advertising empire, in a bid to dismantle what a federal judge
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As the Halloween season approaches, U.S. retailers and consumers are bracing for frightening price hikes on festive goods, driven by the Trump administration’s sweeping “reciprocal tariffs” on Chinese imports. Nearly 90 percent
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The Vizhinjam Port Project in Kerala, constructed by the Adani Group—a private sector enterprise—in partnership with the Marxist-led Kerala government, is a refreshing development of far-reaching and significant importance, both economically and
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KPMG has resigned as the auditor for P&O Ferries, citing its inability to complete the audit of the company’s 2023 accounts to the “required standard.” The Big Four accounting firm stepped down
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Shell has reported a smaller-than-expected drop in first-quarter profits, despite weaker trading conditions and lower commodity prices. Europe’s largest oil and gas group announced it would maintain the pace of its share
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Singaporean prosecutors have successfully obtained an additional eight weeks to deepen their investigation into three men accused of fraud in connection with shipping servers containing Nvidia Corp. chips, which are suspected of
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Amazon founder Jeff Bezos is preparing to offload up to $4.75 billion worth of Amazon shares over the next year, according to regulatory filings released Friday. The planned stock sale comes on
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China has quietly begun exempting a select group of U.S. imports from tariffs, a move that could affect up to $40 billion worth of goods and appears designed to shield its economy
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Amazon’s latest earnings report has left investors underwhelmed, with the company’s key cloud computing division, Amazon Web Services (AWS), posting slower-than-expected revenue growth. As reported by The Times UK, shares in the
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McDonald’s has reported its steepest decline in U.S. same-store sales since the pandemic, as economic uncertainty and rising consumer anxiety — fueled by President Trump’s renewed trade war — take a toll
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A catastrophic power outage that swept across Spain and parts of Portugal earlier this week has ignited fierce debate over the country’s heavy reliance on solar energy, with energy experts and former
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Former U.S. President Donald Trump has escalated his pressure campaign against Iran, vowing to impose sweeping secondary sanctions on any country or individual purchasing Iranian oil or petrochemicals, in a move that
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In a major legal showdown that could reshape the future of artificial intelligence and copyright law, Meta will face a group of prominent US authors in court on Thursday over allegations that
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