Author: Press Room

But some scholars argue that Suharto – who died in 2008 at the age of 86 – meets the formal requirements to be conferred the title of national hero.  University of Gadjah Mada historian Agus Suwignyo said the former president played a key role in Indonesia’s fight for independence, notably by leading the 1949 General Offensive that took back Yogyakarta, and overseeing the 1962 effort to regain control of West Papua.  “Suharto fits the formal criteria, but the full historical context must be considered,” Agus said, as quoted by Jakarta Globe.  Under the Social Affairs Ministerial Regulation No. 15 of…

Tesla shareholders have had a rough ride in 2025, with the stock tumbling a staggering 44% this year. Meanwhile, short sellers are laughing all the way to the bank, raking in a jaw-dropping $11.5 billion in mark-to-market profits, as per data from S3 Partners.That’s based on Tesla’s closing price of $227.50 on Monday.Tesla’s stock gained around 4% on Tuesday, alongside broader market gains, as investors awaited the company’s first-quarter earnings report due after the market close. The electric vehicle maker is expected to report a slight decline in year-over-year revenue, following a 13% drop in vehicle deliveries for the quarter.Tesla…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. President Donald Trump said that he does not intend to fire Fed chair Jay Powell yesterday, despite complaining about Powell’s performance over the weekend. In similarly good news, Treasury secretary Scott Bessent told investors that the US-China trade dispute is unsustainable and that a deal will…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the former chair of the FDIC and author of ‘Money Tales’, financial education books for childrenUS Treasury Secretary Scott Bessent has said he wants to deregulate the financial system responsibly. He has pointed to relief for community banks and other valid areas for reform. Unfortunately, he has also floated a big bank priority: loosening limits on “leverage” — the ratio of bank’s debt to equity — and eliminating those restraints entirely for investments in short-term Treasuries. This would repeat regulatory…

Monday marked nine years since the death of Minnesota superstar Prince, and his former home and recording studio honored the occasion by inviting fans for a day of remembrance.The two-part event, dubbed A Day 2 Remember | A Night 2 Reflect, started at 10 a.m. at Paisley Park in Chanhassen. The public was invited inside to create an origami dove and add a message to it. At 4:21 p.m., there was a candle lighting for Prince, who was found dead inside the complex on April 21, 2016. The ceremony was livestreamed online for those who couldn’t make it to Paisley Park.On…

A child burns to death following the attack on school-turned-shelter in Gaza City.At least 10 people have been killed in an Israeli attack that sparked a fire at a school sheltering displaced people in Gaza City, including one child who was burned to death in the blaze. The Palestinian Civil Defence said its emergency workers recovered 10 bodies early on Wednesday morning after the attack on the school, where forcibly displaced people had taken shelter. A large number of people were also injured, it said in a post on the Telegram messaging platform. “Children are being burned while they sleep…

Lawmakers in Nassau County, New York, are pushing a measure to make it illegal to stand within 15 feet of police officers or other first responders during an emergency, although critics of the proposal argue that it is unconstitutional.People who enter the “buffer zone” for first responders during an emergency would face a misdemeanor charge and a $1,000 fine along with the possibility of up to a year behind bars, according to the bill introduced by the county Board of Legislators.The measure seeks to protect first responders from “threats, harassment, and physical interference,” lawmakers say.”It is important that first responders…

Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty ImagesTesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said on Tuesday in the U.S., as the electric vehicle maker faces falling sales and tariff threats. Speaking on an earnings call, Taneja confirmed reports that the company is working on an expansion into India, adding that it would be a great market to enter, thanks to its “big middle class.” Nevertheless, India is also “a very hard market,” with EV imports into the country subject…

Kristin Herman said using a “buy now, pay later” service to pay for a last-minute trip to Miami felt like a lifesaver.She said the approval was quick, and there were no upfront costs — but she accidentally skipped a scheduled payment.”One missed reminder turned into fees,” she told CNBC Travel.Rane Teo, however, said he used a buy now, pay later — or BNPL — plan to break up the cost of a weekend stay for his family on the Indonesian island of Batam.His experience with splitting the cost into three monthly installments? “Easy and convenient,” he said.Both Herman and Teo…

A Fort Worth man is now in police custody after he beat his mother to death during an attempted “exorcism,” according to Fort Worth Police.An arrest warrant affidavit says that Fort Worth Police responded to an anonymous caller’s 911 call. The caller claimed they received a photo on Snapchat of a woman on the ground covered in something red, possibly blood, according to Fox 4 in an affidavit. The caller gave the address of the person responsible for the photo and when police got there, 23-year-old Alexander Taylor Valdez answered the door holding a Bible.TEXAS HOMICIDE SUSPECT BECAME OBSESSED WITH COWORKER, MURDERED HER OVER…