Indonesia’s coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Widodo on Monday. Musk was not immediately available for comment after minister Luhut Pandjaitan made his remarks to reporters. Musk and Widodo met […]
Read MoreSouth Korea and the United Kingdom will co-host the second global AI summit in Seoul this week, as the breathtaking pace of innovation since the first AI summit in November leaves governments scrambling to keep up with a growing array of risks. UK Prime Minister Rishi Sunak and South Korean President Yoon Suk Yeol will […]
Read MoreKabul: Nooruddin Azizi, the acting Minister of Industry and Commerce, held meetings with the president of Mordovia, and senior officials of the Russian Federation and Tatarstan on the sidelines of the Kazan Summit. Akhundzada Abdul Salam Jawad, the spokesperson for the Ministry of Industry and Commerce, said that the discussions focused on increasing and balancing bilateral […]
Read MoreBy Justin Salhani Lebanon and the Lebanese people are still suffering a debilitating economic crisis that has gripped the country since 2019. The pound has plummeted to less than 10 percent of its value before the crisis, savings have disappeared both in terms of exchange rates and actual deposits as banks announce they have no […]
Read MoreThe payout is in effect higher than Singapore Airlines’ previous year’s earnings high, which resulted in a profit-sharing bonus equivalent to 6.65 months’ pay and a maximum of 1.5 months’ salary of ex-gratia bonus related to the pandemic. Singapore Airlines declined to comment. The city-state carrier delivered a record S$2.67 billion ($1.98 billion) annual profit […]
Read MoreBy Andrew Haffner Phnom Penh, Cambodia – Cambodia is pushing for an infrastructural renaissance, but it will need some help from its friends abroad to chip away at an estimated price tag of $36.6bn. That was the final sum calculated by the Cambodian government and published earlier this year in a 174-project master plan that […]
Read MoreChina on Friday announced some of its most sweeping measures yet to stabilise the crisis-hit property sector, allowing local governments to buy “some” apartments, relaxing mortgage rules and pledging further efforts to deliver unfinished homes. Earlier in the day, fresh data showing the fastest drop in new home prices in more than nine years highlighted […]
Read MoreMalaysia’s economy grew faster than expected in the first quarter of 2024, helped by household spending and a turnaround in exports, though some analysts said the rebound could be short-lived with price pressures set to increase. Gross domestic product rose 4.2% in the January-March period from a year earlier, central bank and government data showed […]
Read MoreAsian markets diverged Friday as hopes for US interest rate cuts played up against profit-taking from another strong week and warnings from Federal Reserve officials that borrowing costs should be kept elevated for now. All three main indexes in New York as well as London, Paris and Frankfurt turned lower Thursday, having ended at record […]
Read MoreRegardless of the political conflict, China has overtaken the US as India’s largest trading partner. The US was India’s largest trading partner in the previous two fiscal years. According to the data of the Ministry of Commerce of India, the trade between India and China in the fiscal year 2023-24 was 118.4 billion or 11 […]
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