Central govt annual bonus: Who’ll get & who won’t
We haven't written up this one. The Economic Times has the full story — the link below goes straight to it.
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China's yuan poised to strengthen for a third week in a row on strong exports
SHANGHAI: China’s yuan held steady against the dollar on Friday and was poised to strengthen for a third week as robust exports buoy the Chinese currency despite wobbly growth in the domestic economy and rising yields globally.
AZ and Twente win but Ajax lose in Split
AZ and FC Twente won their European matches on Thursday night, while NEC drew at home and Ajax lost 2-1...
MSCI excludes Indonesia from its indexes and triggers an 11% collapse
The boom in ETFs can cause stock market earthquakes like the one recorded today in Indonesia. The Jakarta Stock Exchange has plummeted by 11% after losing its emerging market category.
- MSCI removes Indonesia from emerging markets index, citing governance concerns.
- Jakarta Composite Index hits six-year low, losing over 30% in six months.
- Indonesia's market status to be reconsidered in June 2027.
Tesla's flying car is here, and so are the memes
Internet users can't wait to use Tesla's Roadster to hop over traffic, dodge traffic police, and spill coffee all over themselves while it kickflips.
- Tesla's Roadster can fly and performed a kickflip midair during a live event.
- Internet quickly turned the stunt into memes, causing amusement online.
- Flying cars raise questions about traffic management and road system integration.
Ukaguzi Sacco reports Sh47mn loan defaults, flags Sh50mn KUSCCO investment
NAIROBI, Kenya, October 16 – Ukaguzi Sacco reported Sh47.03 million in loan defaults in 2025, while recovery of a separate Sh50 million investment in KUSCCO Limited remained uncertain. In a…
Misused public funds: why the European Court of Auditors may struggle to detect them
The institution could have more difficulty tracing the money from European funds because of the new structure of the EU's next budget.
- Commission's aim to make funds more responsive to crises may also make them more vulnerable to abuse
- Agriculture and regional development funds often exposed to fraud and misappropriation