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
Nearly one-third of all domestic digital payments in India this year have been credit-driven, powered by credit cards and equated monthly instalments (EMIs), according to a recent survey analysing transaction data from
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Argentina has agreed to significantly relax its strict currency controls as part of a landmark $20 billion deal with the International Monetary Fund (IMF), a bold move by President Javier Milei’s administration
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A leading Chinese economist has sounded the alarm over the safety of China’s vast overseas assets, warning that Washington’s intensifying trade measures under President Donald Trump could soon spill over into the
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A sharp decline in European tourism to the United States is raising alarms among travel and hospitality leaders, with industry figures and analysts blaming President Donald Trump’s policies and rhetoric for creating
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In a move aimed at easing global investor jitters, the Trump administration has excluded smartphones, along with routers and selected computers, from its sweeping new “reciprocal” tariffs—marking a rare moment of restraint
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Amid rising tensions in the ongoing trade war with the United States, China has shown little fear of escalating tariffs and other sanctions imposed by President Donald Trump. In fact, President Xi
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Swiss pharmaceutical giant Novartis is set to invest $23 billion in U.S.-based manufacturing and research over the next five years, a major move aimed at bolstering domestic production capabilities as the company
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Switzerland is re-evaluating its traditionally cautious stance on European integration following a sudden tariff escalation by the United States, a move that has triggered widespread concern across Swiss political and business circles.
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In a sweeping move reflecting the Trump administration’s intensified scrutiny of federal consultancy spending, the Pentagon has terminated $4 billion worth of contracts with major consulting firms including Deloitte, Accenture, and Booz
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Tesla has suspended new orders for its premium Model S and Model X vehicles in China, in a dramatic response to mounting tensions between the United States and China following a sharp
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As the trade war between the world’s two largest economies deepens, Chinese exporters are scrambling to adjust to the crippling impact of escalating U.S. tariffs. In response to President Trump’s new tariff
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Elon Musk’s push to shrink the federal workforce, via his so-called Department of Government Efficiency, has led to significant job cuts at the National Highway Traffic Safety Administration (NHTSA), raising alarm about
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The US shale oil industry is confronting its most severe crisis in years, as a dramatic plunge in crude prices, spurred by President Donald Trump’s trade war, threatens to push many producers
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In a high-profile case illustrating the Russian government’s tightening grip on key industries, billionaire Dmitry Kamenshchik, owner of Domodedovo Airport, found himself in the crosshairs of the state after he rejected an
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China’s surging trade dominance, underpinned by a record-breaking $1 trillion trade surplus, has intensified global economic tensions and played a pivotal role in reigniting former U.S. President Donald Trump’s tariff war, Financial
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