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Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms which included bonuses of around US$416,000 for some workers gave rise to some concern.
4 minutes agoUS President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic's Mythos.
2 hours agoThe US dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war.
14 hours agoSpeaking before the House of Representatives’ plenary on Wednesday, Prabowo said the policy was aimed at curbing under invoicing and transfer pricing, in which exporters underreport shipment volumes to reduce tax obligations.
23 hours agoThe full force of the new policy will come into effect after a transition period that has been set at three months but can be extended to the end of the year.
18 hours agoThe case centers on PT Perusahaan Air Indonesia Amerika (PAIA), a foreign investment joint venture backed by investors from the United States, Singapore and Saudi Arabia, which alleged it had been unfairly treated by state-owned firm ITDC.
21 hours agoBank Indonesia (BI) has increased its benchmark interest rate by 50 basis points (bps) to stabilize the rupiah, blaming the recent depreciation of the Indonesian currency on external pressure.
21 hours agoThe rupiah’s depreciation has raised the costs for Indonesia’s National Strategic Projects, with contractors warning of squeezed margins, cash flow strain and potential construction delays for import-heavy infrastructure works.
22 hours agoUS President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic's Mythos.
2 hours agoNusantara 5 (N5) satellite is Asia's biggest with a capacity of 160 Gigabits per second (Gbps) using the very high throughput satellite (VHTS) specification
3 days agoBeyond introducing new regulations, it is equally important to understand how institutions make decisions, coordinate implementation and respond to emerging challenges in practice.
3 days agoWall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk's SpaceX in June.
4 days agoIn a landmark trial, a Los Angeles jury on March 25 found Meta and Alphabet's Google negligent for designing social media platforms that are harmful to young people.
4 days agoA lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial over whether to hold the ChatGPT maker and its leaders responsible for allegedly transforming the nonprofit into a vehicle to enrich themselves.
6 days agoThe European Union is working on new rules to protect children from the addictive designs of social media such as TikTok, Meta and X, EU Commission President Ursula von der Leyen said on Tuesday.
1 week agoEU lawmakers and member states reached a deal in the early hours of Wednesday to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4.
1 day agoJapan's economy grew faster than expected in the first quarter on solid exports and consumption, data showed, though momentum will face a severe test as the full force of the energy shock from the Iran war filters through businesses and consumers.
2 days agoSamsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms which included bonuses of around US$416,000 for some workers gave rise to some concern.
4 minutes agoA looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom?
4 days agoThe full force of the new policy will come into effect after a transition period that has been set at three months but can be extended to the end of the year.
18 hours agoIn a letter earlier this month to President Prabowo Subianto, copied to China’s embassy and seen by Reuters, the China Chamber of Commerce in Indonesia said Chinese firms faced "excessively stringent regulation, over-enforcement", and alleged corruption and extortion by authorities.
1 day agoThe US dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war.
14 hours agoBonds from Tokyo to New York extended losses on Monday as inflation fears stoked investor wagers on rate hikes from global central banks. G7 finance ministers in a meeting in Paris looked to find common ground to tackle imbalances from the selloff.
2 days agoCountries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said Wednesday.
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