Fiscal Fears Hit Indonesia’s Free Meal Plan for Schools
Indonesia’s President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be ‘daring’ on spending have the country’s debt and currency markets on
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Samsung Workers Launch Strike for Better Pay
Samsung Electronics workers begun a three-day strike for better pay, with their union pointing to further action should South Korea’s biggest conglomerate continue to fall short of its demands. The National Samsung
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Orus Energy Gets 2.2 m Euros in Pre-seed Funding
The energy flexibility platform Orus Energy has raised a €2.2 million pre-seed round to help decarbonise the power grid. The company has built a demand-side flexibility platform enabling commercial building
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EU Slaps Huge Tariffs on China-made EVs
The European Union will impose tariffs of up to 37.6% on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels’ largest trade
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UBS Under Regulatory Scanner after Credit Suisse Takeover
Switzerland’s consumer pricing watchdog has put UBS under observation following its takeover of Credit Suisse, the regulator has said, amid concerns that the market power of the enlarged lender could
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Lufthansa to Consider Raising Stake in ITA to 90%
Lufthansa will consider raising its stake in Italy’s ITA Airways to 90%, starting from early next year, the CEO of the German airline said in an interview to international media.
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Abu Dhabi Office Space in Short Supply
Abu Dhabi is running out of office space due to strong demand from hedge funds and other major businesses. Occupancy rates in Al Maryah Island, home to the emirate’s international
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Relm Insurance Expands into MENA Region
Relm Insurance Ltd has stepped into the MENA region through the acquisition of B&F Partners Ltd., now known as Relm Insurance MENA Ltd. This strategic move enables Relm Insurance to
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AI Trumps University Students in Exam: Study
University exams taken by fake students using artificial intelligence beat those by real students and usually went undetected by markers, in a limited study. University of Reading researchers created 33
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Conversational AI Platform Raises 585k€ Pre-seed
OpenFi, a conversational AI platform for lead generation and customer nurture, announced it has closed a €585k pre-seed funding round. Led by Bijan Morvaridi with additional investments from Fortune Green
