Finance

Indonesian President Prabowo Subianto said an ambitious new sovereign wealth fund will start operations this month, with a sweeping mandate to invest across a range of industries as he steps up efforts to boost annual growth to his goal of […]

ADNOC Gas, a unit of Abu Dhabi’s national oil company, has signed a 14-year agreement worth $7 billion-$9 billion to supply LNG to Indian Oil Corporation starting in 2026. Under the deal, ADNOC Gas will export up to 1.2 million tonnes per […]

Tesla robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-powered humanoid robots. The funding round was co-led by B Capital and Capital Factory, and included backing from Google, CEO Jeff Cardenas […]

The People’s Bank of China (PBOC) said it would tender central bank bills totalling 60 billion yuan (US$8.2 billion) in Hong Kong on Friday, marking the second time this year it has used the policy tool to stabilise the yuan […]

A total of 20 US states are pushing for Bitcoin reserves, with some bills already making traction. If these bills pass, it could result in the purchase of $23 billion worth of Bitcoin, creating strong demand. This may also encourage […]

A corporate tie-up in Australia has produced a parade of fortunes in an industry hardly known for extravagance. More than 100 shareholders are officially millionaires. At least 10 are worth over $100 million. And atop the group are three billionaires, […]

Egg prices hit a record high as the U.S. contends with an ongoing bird flu outbreak, but consumers didn’t need government figures released Wednesday to tell them eggs are terribly expensive and hard to find at times because of an ongoing. The […]

As part of his mission to cut government spending, Elon Musk is going after federal workers who he thinks are richer than their government salaries allow them to be, somehow through the use of taxpayer money. The world’s wealthiest man, […]

Qatar’s real gross domestic product is projected to grow by 2 percent in 2024-25, supported by public investment, liquefied natural gas spillovers, and a strong tourism sector, the International Monetary Fund said. The IMF expects the Gulf nation’s medium-term growth […]

Computer researchers in China using domestically made graphics processors have achieved a near-tenfold boost in performance over powerful US supercomputers that rely on Nvidia’s cutting-edge hardware, according to a peer-reviewed study. The accomplishment points to possible unintended consequences of Washington’s escalating […]