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
Europe is gearing up to make significant strides in the space industry, with the continent’s first attempt at a commercial orbital launch poised to reshape its role in global space exploration. This
More
The illicit oil trade in Libya, fueled by heavily subsidized fuels being smuggled abroad, is sustaining the country’s rival political factions. The practice has created a steady revenue stream for armed groups,
More
South Korea’s biggest defence group, Hanwha Aerospace, is planning a $2.5bn share sale to fund overseas expansion as global security concerns rise. The company’s shares fell 13 per cent following the announcement,
More
by Our Correspondent in New Delhi The Indian government has revealed that the total expenditure for Prime Minister Narendra Modi’s visit to the United States in June 2023 amounted to approximately Rs
More
Huawei has unveiled its latest innovative smartphone, the Huawei Pura X, during a highly anticipated product launch event on Thursday. The new device is the first to feature HarmonyOS 5, the latest
More
In a major milestone for China’s shipbuilding industry, the country has delivered its latest dual-fuel car carrier, capable of carrying up to 8,600 vehicles. The new vessel, named Wen Jing Kou, was
More
SoftBank has agreed to acquire chip start-up Ampere Computing for $6.5 billion, marking a significant step in founder Masayoshi Son’s drive to expand SoftBank’s role in the artificial intelligence (AI) space. The
More
Central banks around the world have been steadily increasing their gold reserves, with 2024 marking the third consecutive year that global gold purchases surpassed the 1,000 metric tons (MT) threshold. According to
More
Tesla has issued a recall for more than 46,000 Cybertrucks in the United States over a critical safety issue, marking another setback for the highly anticipated electric pickup truck. The company announced
More
Siemens, one of Germany’s largest industrial companies, has announced plans to cut over 6,000 jobs worldwide as part of a major restructuring effort. The layoffs, which are set to affect employees in
More
Costco is exerting pressure on its suppliers in mainland China to lower prices in response to escalating US tariffs, a move that adds to the growing risks of scrutiny from Beijing amid
More
Samsung Electronics has vowed to pursue bold acquisitions and deal-making in 2025 as part of a “do or die” bid to revive its growth. This promise comes after the South Korean tech
More
Shares of Chinese car-sensor maker Hesai dropped by 7.8% on Tuesday following a report by Blue Orca Capital, a Texas-based short-seller, which accused the company of misleading investors over its financial performance
More
Several significant investments in the maritime sector have been announced, showcasing a global push to enhance port infrastructure, green shipping solutions, and technological advancements within the industry. India’s $5.8 Billion Inland Waterways
More
The recent decision by Hong Kong conglomerate CK Hutchison to sell its stakes in two Panama Canal ports to American asset manager BlackRock has drawn significant backlash from Beijing, thrusting the American
More