Indonesia’s planned 12% VAT rate angers public, sparks ‘structural frugal living’ boycott
Analysts say the hike could add to the middle class’ financial burden, with some Indonesians planning to avoid buying goods subject to VAT.
India’s Gautam Adani, one of world’s richest people, charged in US with bribery and fraud
The billionaire and 7 others are accused of agreeing to pay US$265 million to Indian officials to obtain solar energy supply contracts.
Meituan aims to launch drone deliveries in Hong Kong’s low-altitude economy
The meal delivery giant joins a slew of Chinese tech giants vying for new growth in Hong Kong.
China’s reforms should target ‘competitive’ state-ruled sectors: senior economic official
Han Wenxiu also stressed the need for breaking down market access barriers and the development of the private sector to advance Chinese-style modernisation.
As US rivalry intensifies, Chinese strategists call for new approach to nuclear deterrence
Scholars say it is time to shed Cold War concepts imported from the West and develop distinctly Chinese nuclear strategy.
Archegos founder Bill Hwang gets 18 years in prison for massive fraud
The hedge fund was at the centre of a market manipulation scheme said to have cost global investment banks billions of dollars.
Improved India-China relations could temper effects of Trump 2.0
Keeping India-China dialogue open could add a slight but welcome bit of malleability to what could otherwise be a brittle strategic triangle.
Harsh Chinese retaliation against new Trump tariffs is unlikely, economist predicts
Beijing has other moves at its disposal, including deepening trade ties with the rest of the world and increasing demand at home.
Ukraine fires UK Storm Shadow missiles into Russia for 1st time
12 of the missiles were fired into Kursk, a border region partially held by Ukrainian forces, according to a British media report.
Trump is casting TV personalities in key government roles: ‘nuclear armed reality show’
From a Fox host as defence chief, to celebrity ‘Dr Oz’ to head Medicare, the US president-elect is going for that ‘central casting’ look.