Business

Business openings, closings, and local economic news.

Indonesian police arrest 3 for tapping Prabowo’s phone

Indonesian authorities have arrested three people for allegedly tapping President Prabowo Subianto’s phone, according to police on Tuesday, with media reports suggesting one of the suspects may be a senior official. Prabowo, who took office in 2024, has come under increasing pressure for his...

Marcus Chen

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Couples discussing finances on Love Is Blind

NewBusiness

Learning from ‘Love Is Blind’ money drama

As the clock ticks down to the much-anticipated finale of Netflix's hit reality series Love Is Blind , viewers are not just captivated by the romantic entanglements but are also witnessing a rare, candid exploration of the often-taboo subject of finances in relationships. In a recent episode,...

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NewBusiness

Hong Kong BN(O) visa holders exempt from UK’s proposed 10-year settlement wait

Hongkongers moving to the United Kingdom under the British National (Overseas) visa scheme will be exempt from plans to double the qualifying period for settlement to 10 years, according to an official announcement on Monday. But they will still face stricter English-language and criminality...

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Ukrainian skyline at sunset with air raid sirens in the background

NewBusiness

Russia unleashes massive attack on Ukraine’s energy infrastructure

As the sun began to set over Kyiv, casting long shadows across the historic city, the air was thick with tension. Residents gathered in their homes, bracing themselves for what has become an all-too-familiar ritual: the sound of air raid sirens piercing the evening calm. On this particular night,...

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Stock market analysis with New York City skyline in the background

NewBusiness

This indicator has triggered just 5 times since 2000 — and it warns of a trap for stocks

As the sun dipped below the New York City skyline, casting a warm glow over bustling streets, investors were glued to their screens, absorbing the latest financial news that could dictate their fortunes. Among the flurry of activity, a quiet yet alarming indicator emerged, one that has only...

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NewBusiness

Israel deepens Somaliland ties with first ambassador, testing Horn of Africa balance

Last week, Somaliland, a breakaway region that declared independence from Somalia in 1991, welcomed its first ambassador from Israel. Diplomat Michael Lotem presented his credentials in Hargeisa, while officials laid the cornerstone for an Israeli embassy. The ceremony, announced by Israel’s...

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NewBusiness

Your guide to election night

As the sun sets over New York City, the excitement in the air is palpable. Election night has arrived, and with it comes the promise of change, the thrill of competition, and the hope for a better future. For many New Yorkers, this night is not just about casting votes; it’s about shaping the very...

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Seniors enjoying a meal together at a community event.

Business

‘It’s good to be old’: I’ve been invited to a dozen free meals that turn into annuity sales pitches. Should I stop going?

As the sun begins to set over the bustling streets of New York City, a retiree named Harold sits at a table in a cozy diner, surrounded by fellow seniors. The clinking of silverware and the hum of conversation fill the air as they share stories and laughter over steaming plates of food. Harold, who...

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Business

Hong Kong set for first taste of autumn as a strong northeast monsoon approaches

Hong Kong could be in store for its first real taste of autumn early next week, with temperatures forecast to dip below 20 degrees Celsius (50 degrees Fahrenheit) as a strong northeast monsoon approaches the Guangdong coast. The Observatory said the monsoon would bring windy conditions to the...

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Voters waiting in line on Election Day in NYC

Business

It’s finally Election Day — and prediction markets may show ‘too much confidence in a good night for Democrats’

As the sun rose over New York City on Election Day, the streets buzzed with a mix of anticipation and anxiety. Voters lined up outside polling stations, clutching their ballots and hoping for change. The stakes are high this year, with predictions swirling about the outcome of key races. But as...

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Business

Indian navy frees hijacked Iranian fishing crew off Somalia

Indian naval forces freed an Iranian fishing boat and its crew of 20 hijacked off Somalia after an operation lasting more than 48 hours, India’s Defence Ministry said on Tuesday. The rescue of the Azini was completed on Monday in the Arabian Sea, more than 3,000km (1,860 miles) from Mumbai, Indian...

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Business

Chinese court hears US$53.5 billion Covid defamation case against US state of Missouri

A Chinese court has begun hearings in a defamation case filed by authorities and institutes in Beijing and Wuhan against the US state of Missouri over accusations tied to Covid-19. In a notice on Monday, the Wuhan Intermediate People’s Court said it held a hearing on Friday and legal proceedings...

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A shopper in NYC contemplating purchases amidst rising prices

Business

3 signs cash-strapped consumers are nearing a ‘spend-pocalypse’ that would hurt the economy

On a bustling New York City street, Sarah Thompson clutches her shopping bags tightly, her smile fading as she glances at her dwindling bank balance. Just last year, the 34-year-old marketing executive felt confident splurging on new clothes and dining out with friends. Now, she finds herself...

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