Apple’s US$1 billion investment in Indonesia fails to lift iPhone 16 sales ban
Apple’s iPhone 16 remains banned in Indonesia because it has failed to meet local content rules. Source
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Biden administration provides $4.28 billion in student debt relief
Some Democrats on Capitol Hill have been pushing for the administration to forgive borrowers who are eligible before Biden leaves office. Source
Vietnam to build US$67 billion high-speed railway
The railway will run from Hanoi in the north to Ho Chi Minh City in the south, in a boost to infrastructure expected to drive investment. Source
Biden inks billion-dollar climate deals to foil Trump rollbacks
The administration is accelerating the approval of large loans for clean technologies that the president-elect attacked on the campaign trail. Source
G7 to provide Ukraine $50 billion in loans backed by frozen Russian assets
Editor’s note: This article has been updated to reflect details revealed on Oct. 28 as to how much country will contribute as part of the loan package. The Group of Seven (G7) has reached an agreement to provide Ukraine with approximately $50 billion in loans backed by the revenue from foreign Russian assets, the G7…
US$3.6 billion payout to HSBC, liquidators ends OK Lim civil cases in Singapore
Lim’s legal troubles aren’t over. He is due to be sentenced at a later date in a separate criminal trial for cheating and forgery offences. Source
Norway approves €1.24 Billion program to achieve full F-35A capability by 2025
On October 7, 2024, the Norwegian Parliament approved additional purchases for its fleet of 52 F-35A stealth fighters, along with complementary weapon systems aimed at strengthening the country’s defense capabilities through 2030. This NOK 14.4 billion investment (approximately €1.24 billion) includes upgrades and long-range missiles capable of engaging both land and sea targets. With the…
Will Mumbai’s US$6.9 billion roads plan fix gridlock in India’s finance hub?
The ambitious “Mumbai in Minutes” initiative promises faster commutes, but experts warn of land acquisition and environmental hurdles. Source
Scholz unveils $1.5 billion allied aid package during meeting with Zelensky
President Volodymyr Zelensky arrived in Germany on Oct. 11, receiving new pledges of support from German Chancellor Olaf Scholz.Zelensky’s visit is part of a broader European tour during which he hopes to ramp up support for Ukraine and its five-step victory plan.During a joint press conference, Scholz revealed that Germany had delivered a package of…
House passes $95 billion package to provide aid to Ukraine, Israel and Taiwan
The House Saturday approved a bipartisan package of four bills that would provide a combined $94 billion in foreign military aid to Ukraine, Israel and Taiwan. House Speaker Mike Johnson helped shepherd the package through despite threats from some members of his caucus that they may move to oust him after passage. Natalie Brand reports…
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