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Indonesia's delayed new capital risks 'white elephant' status
A year after it was inaugurated, Indonesia's would-be new capital Nusantara attracts tourists and construction workers, but most of its architecturally arresting presidential palace and freshly built avenues sit silent. But despite a rush to build, the city was not inaugurated as Indonesia's new capital on August 17 last year as expected.
Tough negotiations and uncertainty ahead of OPEC+ meeting
Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered.
'Build, baby, build': Canada PM's plan to counter Trump
On the night he won Canada's election, Prime Minister Mark Carney summarized his plan to jumpstart the country's economy in response to President Donald Trump's threats. Trump's threats to annex Canada have eased, but his trade war is hurting the Canadian economy.
Swiss minister eyes 'opportunity' after US tariff talks
Switzerland's vice president said Saturday he had had "constructive meetings" with senior US officials as the country tries to navigate the massive import tariffs imposed by US President Donald Trump. Trump blindsided Switzerland when he announced that incoming Swiss goods would be hit with a huge 39-percent tariff on August 1, one the highest new levies he imposed on dozens of countries.
88 postal operators suspend services to US over tariffs: UN
Postal traffic to the United States plunged more than 80 percent following Washington's imposition of new tariffs, with 88 operators worldwide fully or partially suspending services, the Universal Postal Union said Saturday. "Furthermore, 88 postal operators informed the UPU they have suspended some or all postal services to the US until a solution is implemented," it said.
US Open offers home court advantage to top brands
The US Open, the last Grand Slam of the tennis calendar, has become a coveted money-making opportunity for the world's top brands, in everything from banking to ice cream, generating hundreds of millions of dollars.
AI giant Anthropic to pay $1.5 bn over pirated books
Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over allegedly using pirated books to train its artificial intelligence (AI) models, according to court documents filed Friday.
US agents arrest 475 in raid on Hyundai-LG plant
South Koreans suspected of working in the United States illegally were the majority of the 475 people arrested in a raid on a Hyundai-LG battery plant being built in the southern state of Georgia, a US official said Friday.
Spain's BBVA bank to start Sabadell offer Monday
Spanish banking giant BBVA said on Friday its tender offer for smaller national rival Sabadell would start on Monday after its hostile bid received the stock market regulator's green light. The CNMV stock market regulator ruled that BBVA will have 30 days, beginning on September 8, to get enough Sabadell shareholders to accept the proposal.
AFP
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