World News

PT Pertamina oil refinery plant at the port city of Balikpapan in East Kalimantan, Borneo, Indonesia. Bloomberg | Bloomberg | Getty Images Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by…

South Korea’s new finance minister and the country’s top trade envoy will meet with U.S. counterparts on Friday for talks on U.S. tariffs. RunPhoto | Photodisc | Getty Images South Korea’s new finance minister and the country’s top trade envoy will meet with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said on Tuesday. The country’s foreign and industry ministers will also visit…

U.S. Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, D.C., U.S., June 11, 2025. Elizabeth Frantz | Reuters With the job market currently being rough for many — in no small part because of artificial intelligence — it may be tempting to enroll…

Japan’s Nikkei 225 share average rises in early trade Japan’s  rose in early trade Tuesday, as markets reopened after the ruling party lost its majority in the upper house over the weekend. The 225-stock share average advanced 1.12% to hit 40,254.18 at 9.17 a.m. local time (8.17 p.m. ET Monday), while the broader Topix index added…

A fund manager who oversees assets worth close to $2 billion told CNBC that the European defense bull run may soon begin to cool off as valuations hit “extreme” levels. Speaking to CNBC’s “Europe Early Edition” on Monday, London-based Stephen Yiu, who manages the £1.4 billion ($1.9 billion) Blue Whale Growth Fund , said he…

Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024. David Paul Morris | Bloomberg | Getty Images Design software company Figma on Monday published an updated prospectus for its initial public offering. The company said…

A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025. Kevin Carter | Getty Images News | Getty Images Southwest Airlines passengers will fly in assigned seats for the first time on Jan. 27, the carrier told CNBC. Customers can start…

Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars. Koiguo | Moment | Getty Images Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars, according to documents reviewed by Reuters and interviews with…

Britain said on Monday it would overhaul water regulation to better protect the environment, investors and consumers, after an official report recommended a new structure that could also ease up on pollution fines to prevent companies from collapsing. The privatised water industry in England and Wales has provoked public fury by releasing record levels of…

Elon Musk’s X on Monday denied allegations made by French authorities as part of a criminal investigation into alleged data tampering, adding that it would not submit to the prosecutor’s demand to hand over data. X’s global government affairs account said the French investigation, which ramped up this month, is “politically-motivated” and designed to “restrict…