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Indonesia's President Prabowo Subianto vowed Friday to shut 750 state-owned enterprises by year-end and create a special court to probe corrupt boards, as the resource-rich nation battles persistent graft and mismanagement.
Cuba's national power grid has collapsed, triggering a fresh nationwide blackout—the fourth major outage since late July. The Caribbean island struggles with severe energy infrastructure challenges amid ongoing economic reforms.
Malaysia's fiscal deficit has contracted for the fifth straight year, reaching 3.7 per cent of GDP in 2025 from 4.1 per cent in 2024, reflecting the government's disciplined approach to economic reform and debt management.
Indonesia's layoff crisis is deepening, with over 32,000 job losses recorded in the first half of 2024. The government has established a mitigation task force, but experts warn that sustainable solutions require broader economic reforms beyond emergency measures.
Andy Burnham, the prominent Labour figure known for his northern England advocacy, became Britain's prime minister on Monday, committing to fundamental economic restructuring to address household finances and public service deficiencies.