INDONESIAN OPERATIONS
‘Billionaires with wives of Chinese origin’: Jensen Huang’s scandalous life sparks viral social media lists. Who features?
NVIDIA CEO Jensen Huang has come under fire following his confession of an extramarital affair with Kimberly Powell. This admission ignited discussions on social media about the patterns of billionaires forming relationships with women of Chinese descent. Renowned billionaires like Larry Ellison and Rupert Murdoch share similar stories. Moreover, tech moguls such as Mark Zuckerberg and Eduardo Saverin are also in partnerships with Chinese partners.
Who is Alice Huang, the Chinese businesswoman linked to Nvidia CEO Jensen Huang?
Alice Huang, a finance professional, has transitioned to the AI chip industry with Megaspeed International. The company is under investigation for its links to advanced Nvidia chip exports to China. Reports suggest Alice Huang may have acted as an intelligence asset, raising concerns about potential national security breaches. Nvidia's board has initiated an investigation into its CEO's involvement with her.
The Jensen and Alice story: What happened in the 2024-26 secret affair of the NVIDIA CEO and a 'Chinese spy'
Nvidia's CEO Jensen Huang and Alice Huang have been linked amid growing espionage allegations. Alice has reportedly been sharing information with China while working with Nvidia on data centers. This situation has led to investigations involving the US government's scrutiny of her connections. Additionally, Megaspeed International faces allegations of assisting Chinese clients in accessing restricted Nvidia hardware.
Who is Alice Huang, the Chinese businesswoman tied to Nvidia's CEO?
Known also as Huang Le, the Chinese businesswoman held senior roles at a Shanghai investment firm before becoming the controlling shareholder of Singapore-based cloud-computing company Megaspeed International, according to more than 30 publicly available financial records, corporate filings and company materials reviewed by Reuters.
Bali's petrol queues offer a reality check for India's holidaymakers
Bali is currently facing a fuel supply crisis that is causing significant disruption for travelers. Traffic jams and fuel shortages have led to longer wait times for airport transfers and local commutes. Authorities have implemented measures to improve fuel distribution and manage demand effectively. Despite challenges, tourist arrivals remain steady, contributing to the local economy. Travelers are advised to check fuel availability before visiting popular attractions in Bali.
Jindal Stainless Q2 net profit rises 11% to Rs 898 crore
Jindal Stainless has revised its FY27 volume growth outlook to 4-6%, down from the previous 7-9% forecast, due to declining sales. Despite the downturn, the company reported an 11% rise in profits during the September quarter, driven by over 664,000 tonnes of steel sold, with exports comprising 11%. This adjustment reflects ongoing challenges in the market affecting their overall performance.
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Global Market: Indonesia imposes record $117 million in fines for stock market violations
Indonesia’s financial regulator imposed record fines of 2.1 trillion rupiah ($116.67 million) for trading violations involving three listed companies. The crackdown targets stock manipulation and IPO disclosure breaches, addressing concerns over market transparency following MSCI’s warning about potential downgrade of Indonesian equities from emerging-market status.
ET Prime Special Series: Multibagger or IBC - Part 81: Momentum in numbers will decide fate of this auto ancillary's stock
A few years back, the important question for this auto ancillary supplier was whether its investments and customer programmes would begin producing enough revenue. Today, the numbers look very different. Annual income has jumped, exports have risen, and a large overseas-linked order has helped deliver a record quarter. How much of the improvement is repeatable, and how much reflects an unusual opportunity?
Student protests erupt across Indonesia over rising living costs, forest fires
Protests erupted across Indonesia as students demanded action on rising living costs and environmental issues. Demonstrators criticized the government's handling of forest fires that generated toxic haze affecting public health. In Jakarta, students called for stronger protections for civil liberties and affordable healthcare. Meanwhile, the Presidential Chief of Staff announced measures to tackle forest fires and expedite corporate investigations.
Why is the haze so bad in Southeast Asia this year?
Indonesia's prolonged wildfires have blanketed Southeast Asia in hazardous haze, driving respiratory illness cases higher, disrupting flights and forcing school closures. More than 637,000 hectares were reportedly damaged between January and August, according to environment group Auriga. The crisis has triggered regional criticism over Jakarta's response and refusal of neighbouring countries' assistance.
Pakistan pilots banned: Why Air France and other airlines are restricting crew from Pak
Pakistan pilots along with some other nationals have been banned by Air France, United Airlines and Smartwings. The rules apply to pilots and cabin crew, including those with dual citizenship, and have come under scrutiny after an Ethiopian Airlines flight returned to Addis Ababa to replace an Indonesian pilot.
India's commercial vehicle market just had its best year in seven. Then the June quarter arrived, and margins fell
There is, at this point, an apparent contradiction at work in the Indian commercial vehicles space. One: FY 2026 was the best of the last seven years. A tax cut saw prices of trucks drop by about 10%, releasing pent-up replacement demand in a fleet with an average age of about 10 years. Two: Although the sector's second-largest truck maker sold a record number of vehicles in the June quarter, adding 10% to revenue, the benefits did not flow in. Rising material costs swallowed the operating leverage.
Indian sailor among 5 killed, another injured as Somali forces retake hijacked tanker
Five crew members, including an Indian sailor, were killed during a pirate attack on a hijacked tanker. Security forces managed to retake control of the vessel MT Honour 25 after the operation. The crew primarily consisted of Pakistani nationals, with several others from different countries. In a separate incident, another tanker was released by pirates after months of captivity.
Market rout deepens as crude surge, high US yields batter Indian equities
The Indian stock markets faced a notable downturn on Monday as fears over escalating oil prices and rising US bond yields loomed large. The NSE Nifty 50 plummeted by 1.56%, marking its lowest close for the fiscal year. The BSE Sensex also dipped by 1.48%, leading to significant market capitalization losses.
Rupee likely to trade in Rs 94.5-96 range in near term as dollar inflows fail to lift currency: Report
The rupee is expected to fluctuate between Rs 94.5 and Rs 96 against the US dollar in the short term. Despite significant dollar inflows via FCNR deposits and external borrowings, substantial appreciation is elusive as these funds primarily bolster the Reserve Bank of India's reserves. A variety of factors affect the rupee's movement, indicating that no single factor can be pinpointed as the main influencer.
Explained: What really drives the rupee? Decoding the forces behind currency moves
The rupee’s decline over the past four years reflects a complex interplay of fundamentals, RBI intervention and market sentiment. A Bank of Baroda analysis finds no single dominant driver, with RBI spot and forward operations emerging as significant factors. The report expects the rupee to trade in the Rs 94.5-96 range near term.
India’s scorching summer sends coal imports to 15-month high in August
Indian power sector coal imports reached a 15-month peak in August. This surge occurred as electricity demand rose significantly due to a heatwave. Lower hydropower generation also contributed to the increased reliance on imported coal. Domestic coal supplies could not meet the higher consumption levels. Consequently, power producers turned to more expensive overseas coal sources.
6 dead, 103 rescued, several missing as Indonesia launches search after passenger ship goes missing
A ferry traveling between Java and Borneo encountered severe weather conditions on Sunday. Six persons died as rescue teams evacuated over one hundred passengers. The Virgo Transport 8 experienced communication failure while sailing towards Banjarmasin. Its last known position was in the Java Sea, far from the city's pier. Officials reported the incident to the Search and Rescue Office in Banjarmasin.
US finalises levies on solar cell imports from India, Indonesia, Laos
The US Commerce Department has finalised anti-dumping and countervailing duties on solar cells and panels from India, Indonesia and Laos, citing unfair subsidies and harm to US manufacturers. Indian producers face a 123.04% anti-dumping margin and 126.09% countervailing duty. The USITC will make a final injury determination by October 14.
Pamela Anderson's heartwarming wish for son Brandon Thomas Lee’s engagement with Katarina Demetriades goes viral; Tommy Lee reacts
Brandon Thomas Lee, son of Pamela Anderson, has announced his engagement to Katarina Demetriades while on a romantic getaway in Indonesia. The couple, who began dating in 2025, shared the delightful news upon returning from their trip, where Brandon popped the question. Now based in New York, they are looking forward to a wedding scheduled for late 2027.
India positions BRICS as growth engine for Global South; Xi, Putin among key world leaders heading to New Delhi
India welcomes global leaders at the BRICS summit, emphasizing developmental priorities for the Global South. This pivotal meeting will tackle pressing issues such as food, energy, and supply chain security. Notably, President Xi Jinping's participation marks his first visit to India in seven years. Participants will engage in discussions about enhancing cooperation within BRICS and addressing global challenges. The event will culminate with the issuance of the New Delhi Declaration.
BRICS Summit 2026 leaders list: Xi, Putin, Pezeshkian and other world leaders to attend India’s major diplomatic event
New Delhi hosts the BRICS Summit 2026 on September 12-13 at Bharat Mandapam. India aims to position BRICS as a growth engine and champion Global South developmental priorities. Leaders will discuss cooperation on food security, energy stability, and resilient supply chains. President Xi Jinping's attendance offers a chance for India-China diplomatic engagement. The summit will conclude with the release of the New Delhi Declaration.
Ahead of BRICS, Congress recalls 2012 summit where former PM Manmohan Singh proposed development bank
Congress highlighted BRICS' origins and India's 2012 summit hosting. Then Prime Minister Manmohan Singh proposed the BRICS Development Bank idea. This institution later became the New Development Bank headquartered in Shanghai. India has since borrowed approximately ten billion US dollars from the NDB.
In 1999, James Cameron bought a 102-acre Gaviota Coast ranch for $4.375 million and made it an off-grid property with solar and wind power; 24 years later, he listed it for $33 million
Filmmaker James Cameron has put his magnificent California ranch on the market for thirty-three million dollars. This estate has been a cherished creative haven and family residence for the past twenty-four years. Emphasizing sustainability, the Camerons lived off the land, cultivating their food and generating energy. Their children enjoyed unique childhood moments in this stunning coastal environment, marking a poignant end to a cherished chapter in their family history.
Ooredoo-backed Zankore secures $3.1 billion financing for Nvidia AI cloud platform
Zankore has successfully obtained a notable loan facility intended for infrastructure development. This funding will facilitate the purchase of advanced Nvidia GPU resources. With ambitions to create a major Nvidia AI Factory in Indonesia, Zankore targets a substantial operational capacity by mid-2027, aligning with the expanding AI sector in Southeast Asia.
China supports India in hosting BRICS Summit, highlighting importance of cooperation
China supports India in hosting the BRICS summit, according to Chinese Foreign Ministry spokesperson Mao Ning. While attendance details remain unannounced, the 18th summit in New Delhi will mark two decades of the bloc, focusing on trade, development, and Global South priorities.
Jakarta airport, four others reopen as Anak Krakatau ash disrupts air travel
Indonesia's main Jakarta airport and four other aviation hubs have reopened. Volcanic ash from Mount Anak Krakatau had previously caused their closure. This disruption impacted over 340,000 travelers and numerous flight cancellations. Authorities are now checking the airworthiness of affected aircraft. The volcano sits on the Pacific Ring of Fire, a geologically active region.
Air India Express flight from Cochin to Abu Dhabi returns after engine oil quantity drops rapidly
An Air India Express flight returned to Cochin after detecting a rapidly falling oil quantity. The pilots shut down Engine 1 when oil pressure entered the danger zone. The aircraft landed safely at Cochin International Airport with passengers unaware. This incident follows recent technical diversions and a preliminary report on another flight. The Ministry of Civil Aviation may tighten safety audit frameworks.
Eight Indonesian airports remain shut due to volcanic ash from Anak Krakatau
Eight Indonesian airports remain closed due to volcanic ash from Anak Krakatau. Jakarta's main airport will stay shut until 6 p.m. local time. Seventeen thousand people are affected by flight cancellations and disruptions. The volcano monitoring agency warns of a high probability of further eruptions. Schools in Jakarta and Lampung will use remote learning for student safety.
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