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Indonesia’s Danantara bets a new $6 billion SOE can save a textile industry from Trump tariffs and foreign competition

Yet some experts worry the new state textile giant could end up being a “dominant rival” to smaller players in the industry.

By Angelica AngFebruary 2, 2026
Trump
Trump hails Modi breakthrough, cutting tariffs with India cutting back on Russian oil
By Josh Boak, Aamer Madhani, Rajesh Roy and The Associated PressFebruary 2, 2026
Singapore launches first space agency, joining a Southeast Asian race to tap a fast-growing space sector
By Angelica AngFebruary 2, 2026
This ‘mutually assured destruction’ threat in the $7.3 trillion JGB market helps prevent Japan from triggering a debt crisis — for now
By Jason MaFebruary 1, 2026
How FedEx CEO Raj Subramaniam is adapting to the era of ‘re-globalization’
By Nicholas GordonFebruary 1, 2026
China’s export-led growth is looking more and more unsustainable while a real estate crash and reeling consumers fuel deflationary spiral
By Jason MaFebruary 1, 2026
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Latest Stories
U.S. President Donald Trump speaks to reporters and members of the media at Mar-a-Lago on February 1, 2026 in Palm Beach, Florida.
EconomyPresident Trump just missed a key legal deadline for his spending plans—stoking economists’ fears over the $38.5 trillion national debt
By Eleanor PringleFebruary 3, 2026
NewslettersWhy President Trump’s latest crypto scandal could spell disaster for the blockchain industry
By Leo SchwartzFebruary 3, 2026
trump
CommentaryWhat happened at Davos was a warning to CEOs: their companies are designed for a world that no longer exists
By Ram CharanFebruary 3, 2026
A image of a person looking at Moltbook.
AIMoltbook, the viral social media site for AI bots, contains a ‘lethal trifecta’ for how the agent internet could fail, security researchers say
By Beatrice NolanFebruary 3, 2026
NewslettersElon Musk combines his wonder twins—SpaceX and xAI—into a $1.25 trillion mega mashup
By Alexei OreskovicFebruary 3, 2026
NewslettersDid Target’s CEO miss the mark by ignoring Minnesota?
By Phil WahbaFebruary 3, 2026
Personal FinanceToday’s best high-yield savings account rates on Feb. 3, 2026: Earn up to 5.00% APY
By Glen Luke FlanaganFebruary 3, 2026
Personal FinanceBest CD rates today, Feb. 3, 2026: Earn up to 4.18% APY if you lock in now
By Glen Luke FlanaganFebruary 3, 2026
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Most Popular
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarmAn image of a popular article
By Eleanor PringleJanuary 31, 2026
Future of Work
Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'An image of a popular article
By Marco Quiroz-GutierrezJanuary 31, 2026
Big Tech
The Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO’s philanthropy goes all in on mission to 'cure or prevent all disease'An image of a popular article
By Sydney LakeFebruary 1, 2026
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