From the shores of Lake Geneva to the holiday island of Bali, two events in recent weeks show the importance of Hashim Djojohadikusumo, a powerful tycoon and political fixer, to his brother Prabowo Subianto, the incoming Indonesian president.In the affluent Swiss town of Anières, home to diplomats, bankers and the…

For more than four weeks, Sen. Bob Menendez has been a mostly peripheral figure at his bribery and corruption trial. On Monday, at federal court in Lower Manhattan, the New Jersey Democrat became the main character. Prosecutors’ star witness, businessman Jose Uribe, told the jury for the first time that…

By Haripriya Suresh, VarunVyas Hebbalalu and Aditya Kalra BENGALURU/NEW DELHI (Reuters) – A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, India’s startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a…

By Ana Mano SAO PAULO (Reuters) – An agency tasked with patrolling federal roads in Brazil has reported a surge in volumes of illegal pesticides seized from criminals in the last eight years, including a record 358 metric tons apprehended in 2022 when the country harvested close to 300 million…

By Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Most emerging market currencies will struggle to recoup this year’s losses against the dollar in coming months as expectations for aggressive rate cuts from the U.S. Federal Reserve diminish, a Reuters poll of FX strategists found. After ending 2023 on a…

(Reuters) – Despite “remarkable” progress on U.S. inflation, Federal Reserve Bank of San Francisco President Mary Daly said on Friday “there is more work to do” to ensure stable prices – a phrase that signals she feels it’s not yet time for interest-rate cuts. “We will need to resist the…

The May 2024 jobs report showed remarkable strength just in time for new graduates despairing they had to move home. You got this graduate, you can find a job and live on your own. The Biden administration’s efforts to address supply chain issues are effectively slowing down price hikes, and…

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College tuition can sometimes cost $10,000 more than budgeted, but despite the unexpected expense, many students are making ends meet, a recent survey said. About 66% percent of college students said college costs were more than they expected and 26% said that these costs rang in at about $10,000, according to…

The Biden Administration has been trying to create laws and rules that would limit “junk fees” charged by credit card companies and other companies with consumer fees. One of those rules would limit credit card companies from charging late fees. The rule would drop the average credit card late fee…