At the edge of a five-way intersection in Jakarta’s most illustrious neighborhood, a $16 million mansion that’s a century old is rotting away. Empty for more than 10 years, the white plaster facade is flaking, the red-tiled roof has caved in and the green canopies that shade its windows are turning moldy. Built in 1912 by the Dutch as part of an ambitious garden city away from the sprawling kampun...
At the edge of a five-way intersection in Jakarta’s most illustrious neighborhood, a $16 million mansion that’s a century old is rotting away. Empty for more than 10 years, the white plaster facade is flaking, the red-tiled roof has caved in and the green canopies that shade its windows are turning moldy. Built in 1912 by the Dutch as part of an ambitious garden city away from the sprawling kampungs , or local villages, in the bustling capital, the one-story house has been witness to the Japanese occupation and ensuing independence, Suharto’s dictatorship and Prabowo Subianto ’s rise to power. Now its decay is testament to a dysfunctional legal system that’s holding back the economy in the fourth-most populous nation. The villa — the oldest remaining in Menteng, a sub-district in central Jakarta — was briefly put up for sale last year, before being withdrawn. Then two placards contesting ownership arrived: one by a private company, another from Indonesia’s armed forces. The situation is a familiar story in a country where incomplete land registry records and uncertified documents can result in conflicting claims of possession. The property at No. 2, Teuku Umar street is just one of many that lie derelict on land worth millions of dollars in the world’s largest city. Real estate often ends up mired in protracted wrangles over ownership, especially in inheritance cases — a situation made more complex by Indonesia’s overlapping blend of civil, Islamic and local customary laws. The absence of an accurate registry enables outside parties to use fabricated deeds to contest ownership of houses — a phenomenon referred to locally as the “ land mafia .” The result is a lack of certainty when owning property, with the courts providing no easy guarantee of a resolution. “The Indonesian legal system still struggles with consistency, enforcement, and speed,” said Nadirsyah Hosen , associate professor at the Melbourne Law School and an expert on the Southeast Asian country. “Comme...
MarketBeat Week in Review – 03/09 - 03/13Vail Resorts (NYSE:MTN) said historically poor weather across the Western United States continued to weigh on fiscal third-quarter results, pressuring visitation and revenue at its mountain resorts while management emphasized that its adva
MarketBeat Week in Review – 03/09 - 03/13Vail Resorts (NYSE:MTN) said historically poor weather across the Western United States continued to weigh on fiscal third-quarter results, pressuring visitation and revenue at its mountain resorts while management emphasized that its adva
Exclusive: Analysis shows 72.5% of 91 judgments in England and Wales contained judicial victim-blaming, with mothers scrutinised more intensely A report has found “widespread and concerning evidence” of bias and victim-blaming in the family courts – primarily disadvantaging women. The report, Scratching the Surface: Victim-Blaming and Bias in Family Court Judgments, by the nonprofit organisation R...
Exclusive: Analysis shows 72.5% of 91 judgments in England and Wales contained judicial victim-blaming, with mothers scrutinised more intensely A report has found “widespread and concerning evidence” of bias and victim-blaming in the family courts – primarily disadvantaging women. The report, Scratching the Surface: Victim-Blaming and Bias in Family Court Judgments, by the nonprofit organisation Right to Equality, will be shared with MPs on Tuesday at an event in parliament. Continue reading...
Government-funded JobsPlus trial in 10 neighbourhoods could be scalable nationwide, evaluation shows We would like to hear from young people in the UK about their job-hunting experiences A government-funded pilot of “hyperlocal” job support in 10 neighbourhoods across England has shown “promising early signs of effectiveness”, including for young people, and could be scalable nationwide, a new eva...
Government-funded JobsPlus trial in 10 neighbourhoods could be scalable nationwide, evaluation shows We would like to hear from young people in the UK about their job-hunting experiences A government-funded pilot of “hyperlocal” job support in 10 neighbourhoods across England has shown “promising early signs of effectiveness”, including for young people, and could be scalable nationwide, a new evaluation has shown. The JobsPlus scheme, backed by the Department for Work and Pensions (DWP) and the Youth Futures Foundation , an independent non-profit organisation, focuses intensive support in a small area of predominantly social housing. Echoing a similar, long-established scheme in the US , “community champions” at each site help to engage hard-to-reach people in the local area. Continue reading...
Jamal Sellami’s first-time qualifiers come up against Lionel Messi and Argentina in a challenging Group J This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. Con...
Jamal Sellami’s first-time qualifiers come up against Lionel Messi and Argentina in a challenging Group J This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. Continue reading...
Echo project will help erase images as part of package of support to end ‘prolonged suffering of survivors’ Victims of child sexual abuse in England and Wales will be given help to remove online images of their abuse as part of a wider package of support to end the “prolonged suffering of survivors”. The Echo project will help those who have reported their abuse to the police to identify and remov...
Echo project will help erase images as part of package of support to end ‘prolonged suffering of survivors’ Victims of child sexual abuse in England and Wales will be given help to remove online images of their abuse as part of a wider package of support to end the “prolonged suffering of survivors”. The Echo project will help those who have reported their abuse to the police to identify and remove images of abuse online. They will also be given trauma support, the possibility of having a victim impact statement read in court against their perpetrators and the opportunity of criminal or civil compensation. Continue reading...
(RTTNews) - The South Korea stock market has finished lower in three straight session, crashing more than 1,300 points or 15 percent in that span. The KOSPI now sits just beneath the 7,500-point plateau although it may find traction on Tuesday. The global forecast for the Asian
(RTTNews) - The South Korea stock market has finished lower in three straight session, crashing more than 1,300 points or 15 percent in that span. The KOSPI now sits just beneath the 7,500-point plateau although it may find traction on Tuesday. The global forecast for the Asian
The UK government will reimburse visa fees incurred by fast-growing companies when they recruit talent from abroad, in an effort to make Britain a friendlier environment for technology firms. So-called “scale-up” companies in the digital and tech, life sciences, and clean energy sectors will be eligible for refunds on visa application fees they’ve covered for their staff, which cost between £819 (...
The UK government will reimburse visa fees incurred by fast-growing companies when they recruit talent from abroad, in an effort to make Britain a friendlier environment for technology firms. So-called “scale-up” companies in the digital and tech, life sciences, and clean energy sectors will be eligible for refunds on visa application fees they’ve covered for their staff, which cost between £819 ($1,093) and £1,865 per employee, the Department for Business and Trade said Tuesday in a statement. The government said it would also speed up the process by which companies can obtain a UK “Expansion Worker” sponsor license, which allows overseas firms to send staff to the UK in order to establish operations there. The measures come as the Labour government seeks to fend off criticism that during almost two years in power it’s made the UK a less attractive place to do business, after reforming the immigration system and ramping up taxes on employers. Such policy changes have partly been blamed for a rise in joblessness and sluggish economic growth. Last year, the House of Lords Science and Technology Committee said it was concerned about the UK’s ability to attract and retain talented workers given the high visa costs faced by employers and their overseas recruits, with some applicants stumping up in excess of £10,000 across different fees. “We are backing the UK’s most ambitious firms to start, scale, and stay here – with the finance, talent and support they need to succeed,” Chancellor of the Exchequer Rachel Reeves said in the statement. The immigration fee refunds would be allocated on a first-come, first-served basis, a spokesperson for DBT told Bloomberg. One business would be able to claim a maximum of £5,000 per employee and a total of £25,000 in a year, with funding coming from the department’s existing budget. Eligible high-growth overseas companies seeking to obtain an Expansion Worker sponsor license will have to apply to the Office for Investment, which can th...
A Lingyi iTech factory in Beijing is ramping up production of humanoid robots for various startups. CNBC | Evelyn Cheng Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses. Humanoids are popping up everywhere, even reshaping a smartphone manufacturer. If it's a bubble, who survives?...
A Lingyi iTech factory in Beijing is ramping up production of humanoid robots for various startups. CNBC | Evelyn Cheng Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses. Humanoids are popping up everywhere, even reshaping a smartphone manufacturer. If it's a bubble, who survives? The big story Just weeks after opening in late April, a humanoid factory in Beijing says it's already produced 300 robots for clients — as it ramps up toward 10,000 this year. The 20-year-old smartphone and electronics manufacturer Lingyi iTech aims to expand annual production to 500,000 a year by 2030. Producing robots at that scale could halve the price of a humanoid, which now runs about $30,000, said the company's Vice President Philip Yang. Over 100 humanoid start-ups in China are racing to develop household helpers. Some robots can already dance and serve coffee. The question is: Who is buying them? The majority of humanoid orders so far are just one or two robots, said Bain's Beijing-based partner Xin Cheng. He's watching whether companies make repeat orders. Chinese authorities are also eager to drum up customers. Beijing opened a showroom in August filled with robots including a soccer-playing humanoid Booster T1 for 199,000 yuan (about $29,400), and a 349,999 yuan R1 Pro made by start-up Galaxea, which can sort packages. Cumulative orders surpassed 30 million yuan as of late May, a representative for the store said. But the showroom reflects how broadly humanoids are defined: The Booster T1 is the size of a child, while the human adult-sized R1 Pro has wheels instead of feet. Software is key While robot hardware often gets investors' attention, "embodied intelligence actually hinges on the convergence of AI and robotics," said Lian Jye Su, a chief analyst at Omdia. He noted companies such as UBTech and Fourier offer open-source robotics software. Nvidia is launch...
The crackdown on scam compounds in Cambodia is leading some gangs to relocate to beach resorts and office buildings in Sri Lanka, in what may be the next phase of one of the world’s fastest-growing criminal industries. A combination of visa-free travel, available building space, relatively strong telecommunications networks and a well-established informal money transfer system make the South Asian...
The crackdown on scam compounds in Cambodia is leading some gangs to relocate to beach resorts and office buildings in Sri Lanka, in what may be the next phase of one of the world’s fastest-growing criminal industries. A combination of visa-free travel, available building space, relatively strong telecommunications networks and a well-established informal money transfer system make the South Asian island nation an appealing destination for scammers, investigators say. Authorities in Sri Lanka have set up a new cybercrimes unit and say they’ve arrested more than 1,000 people this year alone, most in western beach areas where tourists flock or in the capital, Colombo. “Police, along with the immigration department and the central bank, are working as a collective effort to see that this is being controlled,” said assistant police superintendent Fredrick Wootler . Still, observers say the country has a brief window to get its arms around what are fast-moving and increasingly sophisticated operators. “In Sri Lanka there are issues with implementing our laws, the fact that we don’t necessarily crack down on these companies — they simply use tourist visas,” Dilrukshi Handunnetti , director at the Center for Investigative Reporting Sri Lanka, said. Read more: Cambodia Scam Centers Persist Despite Crackdown, Report Says When officers descended on one west coast property in April, they found more than 150 foreign nationals allegedly running a cyber-scam operation. Days later, police raided a multistory apartment building near Colombo and arrested another 120 foreign nationals. As authorities step up the pressure, some operators appear to be shifting from large compounds to hotels, apartment buildings and office space that can be rented quickly and abandoned just as fast. “This is happening in ways that are unfortunately even more difficult for us to keep our eyes on,” said Erin West , founder of anti-scam nonprofit Operation Shamrock . “I think we’ve created such skilled wor...
Explore the exciting world of Byrna Technologies (NASDAQ: BYRN) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 22, 2026. The video was published on Jun. 8, 2026. Continue reading
Explore the exciting world of Byrna Technologies (NASDAQ: BYRN) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 22, 2026. The video was published on Jun. 8, 2026. Continue reading
Amid rapid market shifts in China, more foreign companies including retail and pharmaceutical players are adopting new approaches, selling their China businesses to local companies, teaming up with domestic partners or setting up joint ventures to stay competitive. “Everyone wants to remain in the market,” said Colin Banfield, head of Asia mergers and acquisitions at Citigroup. “The China market’s...
Amid rapid market shifts in China, more foreign companies including retail and pharmaceutical players are adopting new approaches, selling their China businesses to local companies, teaming up with domestic partners or setting up joint ventures to stay competitive. “Everyone wants to remain in the market,” said Colin Banfield, head of Asia mergers and acquisitions at Citigroup. “The China market’s absolute size is still too important for multinationals [MNCs] to think about exiting completely,...
HeliRy/E+ via Getty Images Shipowners have placed orders for a record 262 new oil supertankers at shipyards around the world, exceeding the previous peak set in October 2008, Clarkson Research said Monday. The current tankers boom has been driven by the Iran war, which has disrupted cargo flows and caused rates to double from pre-conflict levels and sometimes soar to all-time highs of several hund...
HeliRy/E+ via Getty Images Shipowners have placed orders for a record 262 new oil supertankers at shipyards around the world, exceeding the previous peak set in October 2008, Clarkson Research said Monday. The current tankers boom has been driven by the Iran war, which has disrupted cargo flows and caused rates to double from pre-conflict levels and sometimes soar to all-time highs of several hundred thousand dollars per day. The continued blockage of the Strait of Hormuz has also slashed cargo flows, which eventually could hurt earnings if sustained, especially if the conflict ultimately depresses long-term demand. The current tankers boom and the potential for it to ultimately lead to a glut and a collapse in rates—as happened in 2008—was a constant talking point when players gathered in Athens last week for the industry’s biennial Posidonia gathering, Bloomberg reported. Some owners pointed to the need for fleet renewal since the average age of the supertanker fleet has reached the highest since 1998. Many supertanker owners are awash with cash thanks to South Korean shipowner Sinokor, with backing from MSC Mediterranean Shipping Company, which has been snapping up tankers at sky-high prices in recent months. Potentially relevant stocks include Frontline ( FRO ), Scorpio Tankers ( STNG ), International Seaways ( INSW ), DHT Holdings ( DHT ), Teekay Tankers ( TNK ), Teekay ( TK ), Nordic American Tankers ( NAT ), SFL Corp. ( SFL ), Tsakos Energy Navigation ( TEN ), Okeanis Eco Tankers ( ECO ), Torm ( TRMD ), Kirby ( KEX ), Capital Product Partners (CPLP), Dorian LPG ( LPG ), KNOT Offshore Partners ( KNOP ), Overseas Shipholding Group ( OSG ), Ardmore Shipping ( ASC ), Navios Maritime Partners ( NMM ). ETFs: ( BWET ), ( BOAT ) More on Frontline, Scorpio Tankers, and DHT Holdings Frontline: Buy Until Tanker Market Shows Weakness Scorpio Tankers: The Thesis Improved, But The Stock Is No Longer Cheap DHT Holdings: Don't Sit On Your Hands, The Yield Is Well-Insulated F...
SpaceX Chief Executive Officer Elon Musk unveiled a more detailed look at an initial version of an AI data center satellite that the company plans to build, providing more insight into the ambitious project that is driving SpaceX’s highly anticipated IPO set to take place later this week. During a 30-minute video shared on his social media website X, Musk discussed SpaceX’s plans for the future, r...
SpaceX Chief Executive Officer Elon Musk unveiled a more detailed look at an initial version of an AI data center satellite that the company plans to build, providing more insight into the ambitious project that is driving SpaceX’s highly anticipated IPO set to take place later this week. During a 30-minute video shared on his social media website X, Musk discussed SpaceX’s plans for the future, ranging from the continued development of its Starship rocket to the joint SpaceX and Tesla Terafab facility that aims to manufacture computer chips in the US. Musk also revealed a rendering with specifications of what SpaceX is calling its AI1 satellite, the first version of a spacecraft that the company plans to build as part of a roughly 1 million satellite network that will do complex computing for artificial intelligence in Earth orbit. Musk noted that the early version of the satellite, sporting massive solar panels spanning 230 feet (70 meters) across, would support an average compute payload of 120 kilowatts and 150 kilowatts at its peak. Musk cited SpaceX’s experience with building the company’s Starlink internet system and claimed that creating the data center satellites would be simpler than building Starlink. “An AI satellite is essentially a lot of solar cells, a radiator, and you still need some laser links, but you don’t have all of the super complex antennas that you have on a Starlink satellite,” Musk said in the video. “Given the two, the easier one to design for is the AI satellite.” Musk also showed off a massive, planned expansion of SpaceX’s facility in Bastrop, Texas, where the company currently produces user terminals for its Starlink system. Dubbed Gigasat in a slide that Musk presented, the facility will span more than 11 million square feet and more than 1,000 acres of land. Gigasat will be comprised of multiple warehouses that will be used to manufacture the massive solar panels needed for the data center satellites.
WestJet Airlines Ltd. condemned the Canadian government’s offer of loans to help carriers hit by high jet fuel costs in the wake of the closing of the Strait of Hormuz. The Calgary-based company “strongly opposes” Canada’s plan to lend as much as C$150 million ($108 million) to blunt the effect of high airline fuel prices, it said in an emailed statement Monday. The federal government announced th...
WestJet Airlines Ltd. condemned the Canadian government’s offer of loans to help carriers hit by high jet fuel costs in the wake of the closing of the Strait of Hormuz. The Calgary-based company “strongly opposes” Canada’s plan to lend as much as C$150 million ($108 million) to blunt the effect of high airline fuel prices, it said in an emailed statement Monday. The federal government announced that eligible Canadian airlines may request repayable liquidity support in order to “maintain operations and jobs, and preserve a competitive airline sector.” In April, it suspended its fuel excise tax, including on aviation fuel, until Sept. 7. “We do not take government loans and instead advocate for a competitive environment where airlines can succeed based on their own strength,” WestJet said in a statement that drew a parallel with Covid-era loans, some of which were written down by the government. In an apparent reference to the trade war, WestJet also said Canada “should stay away from distorting markets, both within our country and across the border to the US, especially at this sensitive time between our nations.” Transat AT Inc. , the Montreal-based company that owns Air Transat, has restructured emergency government loans it took on during the pandemic. Last month, Transat said soaring fuel prices cost it an extra C$70 million over March and April. It said it’s reviewing the new loan program’s terms, as did Porter Airlines , which said aircraft fuel has doubled in price since the start of the year. Air Canada , the country’s largest airline, said it has “a very strong balance sheet built in anticipation of events such as the recent spike in fuel prices,” and that it is “able to adapt in response and manage this situation.” The company suspended full-year financial guidance in May due to fuel costs. Low-cost challenger Flair Airlines Ltd. welcomed the government’s intervention.