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Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a monetary policy divergence between Europe and the U.S., but said issues could be more acute in emerging markets.
Microsoft on Tuesday said it will pump $1.7 billion into Indonesia over the next four years to build new cloud and AI infrastructure. The announcement came as CEO Satya Nadella met with Indonesian President Joko Widodo on the same day.
German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter as weaker demand for its premium brands drove a drop in sales.
Puneet Kumar Arora is an assistant professor of economics at the Delhi Technological University. Jaydeep Mukherjee is a professor of economics at the Indian Institute of Foreign Trade in New Delhi.
TOKYO -- The yen surged to 154 to the U.S. dollar on Monday after falling past the 160 mark, triggering speculation the Japanese government and central bank had intervened in the market to support the nation's currency.
Some pandemic-era yacht owners are headed back for dry land.
The United States is the destabilizing factor that is undermining peace and stability in Southeast Asia, said Indonesian experts following the deployment of U.S. medium-range ballistic missiles in the Philippines and the two countries' joint military exercise.
