US President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting US technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.

A new regulation is in the works that aims to collect sales tax via e-commerce platforms, coming at a time industry recorded a slowdown in GMV growth from just 3.7 percent in 2023 to 5 percent last year.

Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers.

"It is hoped that the United States and China will meet each other halfway," a spokesperson for the commerce ministry said in a statement.

The President launched 50 renewable power plants and five renewable projects nationwide on Thursday, including 47 solar plants to electrify around 5,600 villages that still lack access to power.

Nike said it would cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares up 11 percent in extended trading.

Asia shares hit their highest level in more than three years on Friday as they tracked a Wall Street rally, though the dollar struggled on concerns about the Federal Reserve's independence and expectations for early rate cuts.

Some Bolivians are turning to crypto exchanges like Binance, cryptocurrencies like Bitcoin, and stablecoins like Tether as a hedge against the depreciation of the boliviano.

Environmental groups raised concerns Thursday over a $6 billion Indonesian EV battery megaproject backed by Chinese giant CATL, which is set to open on a once-pristine island, as Jakarta exploits its huge supply of nickel.

The program will begin with 20.4 hectares of shrimp ponds in the regencies of Bekasi, Karawang, Subang and Indramayu in West Java, with a bulk of the funding coming from the state-run asset fund.

Public Housing and Settlements Minister Maruarar “Ara” Sirait stated that funding is now expected to come from the state asset fund Danantara, which plans to allocate Rp 130 trillion (US$8 billion) for the housing sector.

Experts have criticized the move as a regulatory shortcut that risks legal inconsistencies, undermines the democratic principles of cooperatives and exposes them to poor governance and potential financial pitfalls.

The initiative will be conducted in phases, with the first focusing on the maintenance and operational readiness of the fleets of both the full-service carrier and its low-cost subsidiary, Citilink.

Caught in a trade war with the US and European Union that threatens to derail a fragile export-led recovery, Chinese has emphasized ties with Southeast Asia, which last year overtook the EU to become the $19 trillion economy's top export market.

Tesla's new car sales in Europe fell 27.9 percent in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2 percent, with the US EV maker's revised Model Y yet to show signs of reviving the brand's fortunes.

Speaking to The Jakarta Post on Tuesday, UNESCO's Ethics of AI Unit head Irakli Khodeli revealed that Indonesia is facing a digital talent issue, with a need for 9 million additional tech workers by 2030.

Indonesia's mineral downstream policy needs a clear shift in strategy to escape the low-value dominance trap so that instead of being a facilitator of foreign-led extraction, the country can be a curator of complete industrial ecosystems and emerge as a leader in the global supply chain.

The government says it is in talks with potential investors to ensure that the project is "market-ready."  

TotalEnergies is among the first global oil and gas companies to return to Indonesia amid growing investments in the sector, after securing a 24.5 percent stake in the Bobara Block off West Papua from Petronas.

Online retail giant Amazon will invest 40 billion pounds (US$54 billion) in the United Kingdom over the next three years, the government said Tuesday, a boost for Prime Minister Keir Starmer as he struggles to kickstart the economy.

With Rp 21.8 million in repair subsidies earmarked for each house, the country must pour Rp 43.6 trillion from the state budget to turn the plan into reality.

Global shares rallied and the dollar extended declines on Tuesday after US President Donald Trump said Iran and Israel had agreed to a ceasefire, sending oil prices into a deep dive as concerns over supply disruptions ebbed.

The housing ministry's internal tug-of-war over the "mini" homes plan could cause confusion among investors and eventually derail the President's flagship program, experts warn.

The company plans to allocate approximately 85 percent of the IPO proceeds toward operational expenditures of its subsidiary Crypto Futures Exchange (CFX). The remaining 15 percent will be channeled to its depository subsidiary PT Kustodian Koin Indonesia (ICC) for similar purposes.  

Indonesia is moving apace with its nuclear ambitions, drafting a new regulation on the domestic processing of uranium and thorium for nuclear energy.

Airlines on Monday were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the US attacked key Iranian nuclear sites and Tehran vowed to defend itself.

President Prabowo Subianto’s meeting with Russian President Vladimir Putin last week produced commitments to intensify trade, investment and industrial collaboration as part of the 75th anniversary of bilateral relations.