When Hary met Donald: the billionaire key to Trump’s Indonesian plans

At Donald Trump’s election night party at Mar-a-Lago last year, rubbing shoulders with Elon Musk, Robert F Kennedy Jr and other supporters of the presidential candidate was an Indonesian businessman: Hary Tanoesoedibjo. Though less internationally recognised than others in the room, Hary is an important business partner for the presidential family, with a central role in developing two of the Trump Organization’s biggest real estate projects in Asia. It is a role that has come under a renewed spotlight since Hary was mentioned in an inadvertently broadcast conversation between the…

Indian airbase on China border is infrastructure upgrade, not a threat: analysts

India earlier this month inaugurated a high-altitude airbase near its disputed border with China, prompting analysts to suggest the development capped long-term efforts to upgrade infrastructure there rather than posing a threat to Beijing. Advertisement According to reports from multiple media outlets, the base, named Mudh-Nyoma Air Force Station, is perched at a height of about 13,700 feet (4,176 metres) and only 30km (19 miles) from the Line of Actual Control, the de facto boundary separating the two sides. On November 13, India’s chief of the air staff, Air Chief…

Sellers hope superstition can sell homes in China’s depressed market

For homeowners in mainland China, selling a property has become so difficult that some are turning to xuanxue, a neo-Taoist philosophy that has morphed into internet slang for any superstitious ritual meant to enhance luck, from feng shui tweaks to cyber talismans. Advertisement Praying in temples, buying ‘quick-sale’ talismans, or simply writing the word “sold” on a piece of red paper are just a few examples. When a homeowner in Shanghai recently claimed on social media that she found a buyer after praying at Shanghai’s Jing’an Temple and touching the…

India tries to see through fog of pollution data

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s Supreme Court has called on New Delhi to clarify how it measures air quality in one of the world’s most polluted cities, as critics claim authorities spray water near monitoring stations and cap measurements to influence the readings. From late October New Delhi is blanketed in a toxic haze for several months, with fireworks from Diwali, the festival of lights, mixing with smoke from farm fires, fumes from cars,…

Global banks pour into India as regulators open up to foreign money

Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. Global banks are buying up stakes in Indian lenders as the country’s government and regulators become increasingly relaxed about foreign entities acquiring significant holdings. Since the start of the year, India’s financial sector has had $8bn worth of deals from foreign companies, up from $2.3bn last year and $1.4bn in 2023, according to Dealogic data. The transactions reflected growing investor confidence in India’s economy and had “opened up…

China overhauls civil service rules that kept out chronic disease carriers

China has loosened its civil service medical rules so that sufferers from three chronic diseases will no longer be barred, a move hailed by campaigners and legal groups as a landmark in the fight against unfair employment practices. Advertisement The updated rules were issued on November 14 by the General Office of the Central Committee’s Organisation Department, which oversees the recruitment process, and the National Health Commission. Compounding the issue, these standards were adopted in other sectors such as education and technology, heightening concerns about discrimination in the workplace. Carriers…

China team simulates large-scale electronic warfare against Musk’s Starlink

When Russian forces rolled into Ukraine in early 2022, one of the first moves by Kyiv was sending a post to Elon Musk on X: Ukraine needs satellite internet. Advertisement Within days, thousands of Starlink terminals arrived, restoring command and control across the battlefield despite Russia’s best efforts to black out communications. Moscow initially tried to jam the signals – and reportedly had some success. But when SpaceX quietly updated its software and reconfigured the constellation, many Russian jammers went silent. The battlefield advantage shifted. That episode sent shock waves…

Real possibility of US tariff refunds is sure to stir up a giant ‘mess’

Marilyn-Joy Cerny has challenged the US government thousands of times during her 35-year career as a trade lawyer, enjoying an enviable record of recovering tariff money for importers whom Washington wrongfully charged. Advertisement “I have filed so many protests in my day, I joke with my team that Customs might be saying, ‘me think she doth protest too much’,” said Cerny, managing partner with law firm Sandler, Travis & Rosenberg. “Of my protest cases that I’ve had to take to court? I would say 95, 96 per cent [were successful].…

G20 South Africa summit opens under shadow of first US boycott

The G20 summit in Johannesburg opened on Saturday with a firm call from the host nation to safeguard the group’s credibility and role, despite the shadow cast by the first-ever US boycott in the forum’s history. Advertisement South Africa has, however, secured crucial diplomatic backing from China for the assembly of the world’s wealthiest and leading emerging economies. Members should “not allow anything to diminish the value, stature and impact of the first African G20”, South African President Cyril Ramaphosa told the opening session, in what was seen as a…

China’s Shenzhou 20 debris crisis: a catalyst for space war – or peace?

A tiny piece of debris triggered the most serious mishap at China’s Tiangong space station since it became operational three years ago. Advertisement Earlier this month, a crack discovered on the Shenzhou-20 spacecraft’s window forced three Chinese astronauts to remain on board Tiangong for nine extra days and eventually borrow their newly arrived colleagues’ ship to return to Earth. The event underscores the growing threat posed by Earth’s ever-expanding cloud of orbital junk – a scare that could push China, as well as other countries including the United States, to…