Joko Widodo, who rose to become Indonesia’s president in 2014 as a political outsider, is positioning himself to become a power broker in the world’s fourth-most populous nation potentially for decades to come.
The fortunes of Singapore Airlines Ltd. and Cathay Pacific Airways Ltd., the flagship airlines of two of Asia’s most important financial hubs, differed during the pandemic and continue to diverge in its aftermath.
Stocks fell Monday as concern about the global economy and the path of rates sapped the strength of a blistering second-quarter rally.
Enbridge Inc. plans to appeal a court order to shut down its Line 5 oil pipeline on the Bad River Reservation within three years, the company said in an email.
Four US lawmakers will travel to Detroit Tuesday to press the chief executives of Ford Motor Co. and General Motors Co. to cut their supply chains’ reliance on China, especially in electric-vehicle batteries.
Canaccord Genuity Group Inc. cut bonuses due to a plunge in dealmaking activity and is exploring ways to boost employee stock ownership after a bid to go private failed.
French President Emmanuel Macron called for Europe to come up with a strategy on air defense before looking at purchasing equipment, in a veiled jab at Germany’s plan to buy an anti-missile system possibly with the help of Israeli and US companies.
European Central Bank Vice President Luis de Guindos said inflation is sure to moderate but the pullback in core price pressures may not be so pronounced.
(Bloomberg) — European Union energy ministers failed to agree on how to overhaul the bloc’s electricity market, with disagreement over how to treat nuclear power holding up a key law meant to help the bloc navigate the low-carbon transition.
European Central Bank Governing Council member Yannis Stournaras said interest-rate increases may end this year, but warned that they mustn’t cause an economic slump.
