Indonesia’s state-owned PT Perkebunan Nusantara III, also known as PTPN III, is finalizing the merger of four plantation subsidiaries into a newly setup PalmCo unit this month, then taking it public by the end of the year.
The Dutch government is working on legislation that will be used to bar Chinese students from university programs on sensitive technologies including semiconductors and defense, according to people with knowledge of the matter.
China’s struggling real estate industry is expected to see an L-shaped recovery in the coming years, placing a drag on the world’s second-largest economy, according to a research note by Goldman Sachs Group Inc.
Electric-vehicle maker Nio Inc. slashed starting prices on all of its models in China by 30,000 yuan ($4,200), days after reporting a worse-than-expected quarterly loss.
China was walloped by a Covid-19 resurgence in May, with a positive test rate nearing the peak seen during the tsunami wave at the end of 2022, according to government data released over the weekend.
The airspace above Germany will swarm with military aircraft for almost two weeks starting Monday as NATO conducts the biggest air exercise in the alliance’s history, a display of force in the wake of Russia’s invasion of Ukraine more than a year ago.
Qatar is targeting more investment in new frontiers and sectors like technology and health care, as high demand for its natural resources and the end of a $300 billion World Cup splurge bring the promise of extra cash to burn.
UBS Group AG will impose strict restrictions on bankers from Credit Suisse Group AG, including a ban on new clients from high-risk countries, according to a Financial Times report, with the two banks moving to close the historic takeover as soon as Monday.
The US economy remains “very, very hot,” though not as much as it was six to 12 months ago, said former Treasury Secretary Lawrence Summers.
Microsoft Corp.’s video gaming chief Phil Spencer said he doesn’t “feel an imperative” to come out with a major upgrade of its Xbox game console.
