Indonesia has charged ex-education minister and Gojek co-founder Nadiem Makarim with corruption. Prosecutors allege a Chromebook procurement scheme caused $125 million in state losses and improperly enriched him by $48 million. He faces up to 20 years in prison.
Manchester City’s title defense hit another snag with a 1-1 draw against Chelsea, compounded by injuries to key defenders. Manager Pep Guardiola says he may have to fill the bench with more academy players as the squad depth evaporates.
Letting AI handle your shopping sounds convenient, but experts warn of serious pitfalls. The lack of transparency and potential for mass coordination failures could lead to chaos.
Saks Global is on the verge of bankruptcy, missing a $100 million debt payment. CEO Marc Metrick has resigned, replaced by executive chairman Richard Baker, who has a history of retail failures. The company’s troubles are mounting with unpaid vendors and an executive exodus.
President Trump has ordered HieFo Corporation, a firm owned by a Chinese national, to divest its acquisition of chip assets from U.S. defense contractor Emcore. The White House cited national security concerns over the deal, which was not filed with the CFIUS review committee. HieFo must now unwind
For the fourth year running, major banks generated more revenue from financing green projects than from fossil fuel deals. The data shows a stark reversal from just five years ago, driven by surging demand for energy transition capital.
After a 2025 rally focused on AI data center chips, Loop Capital analyst Gary Mobley is spotlighting two laggards for a comeback. He sees Synopsys jumping 28% and ON Semiconductor surging 38.5% this year as growth broadens.
According to a Wall Street Journal opinion piece, China’s projected $1 trillion trade surplus for 2025 is a form of “economic conquest.” The author claims China’s power stems from a deliberate strategy of building 90% excess production capacity to dominate key global industries, using tools like sub
Peter Thiel’s investment firm has opened a new Miami office, solidifying his move to Florida. The announcement comes as California weighs a one-time 5% wealth tax on billionaires, which could generate $100 billion for the state but risks driving its wealthiest residents away.
Chinese AI chip startup Biren has successfully raised $717 million in its Hong Kong IPO, pricing at the top of its range. The offering saw massive oversubscription, highlighting intense investor interest in China’s domestic semiconductor efforts. This comes as the country pushes hard to develop alte
