Indonesia’s new capital, Nusantara, in danger of becoming a ‘ghost city’

LeBron James is making headlines with his ambitious plans for a dual-mansion empire in Beverly Hills, designed with his son Bronny in mind. This construction project not only showcases LeBron's success and influence in the real estate market but also highlights his commitment to family and legacy. As the project heats up, it reflects the growing trend of athletes investing in luxury properties, which can inspire others in the sports community to consider similar ventures.

Scatec has reported a remarkable 22% increase in revenue for Q3 2025, driven by unprecedented construction activity in the renewable energy sector. This surge not only highlights the company's robust growth but also underscores the increasing demand for sustainable energy solutions. As the world shifts towards greener alternatives, Scatec's performance is a positive indicator of the industry's potential and its role in combating climate change.

Indonesia's stock market closed on a high note, with the IDX Composite Index rising by 0.35%. This uptick reflects growing investor confidence and a positive economic outlook, which is crucial for the country's financial stability and growth. Such movements in the stock market can influence investment decisions and economic policies, making it an important indicator of Indonesia's economic health.

Caterpillar, a century-old stock known for its construction and mining equipment, is making waves in the AI sector with its recent Q3 2025 performance. This shift highlights the company's adaptability and innovation, showing that even traditional industries can embrace new technologies. Investors are taking notice, as Caterpillar's move into AI could signal a promising future for the company and its shareholders.

Caterpillar's shares have surged following a robust sales growth, particularly driven by its engine business. The company reported strong demand for its power generators and has raised its sales-growth forecast for the year. This positive momentum not only reflects Caterpillar's resilience in the market but also indicates a growing confidence in the construction and mining sectors, which is crucial for economic recovery.

Indonesia's stock market closed on a high note, with the IDX Composite Index rising by 0.61%. This positive movement reflects growing investor confidence and could signal a robust economic outlook for the country. As markets fluctuate globally, Indonesia's performance stands out, potentially attracting more foreign investment and boosting local businesses.

Komatsu Ltd. is facing challenges as its shares dropped following a report of the lowest operating profit in three years. The decline is attributed to a stronger yen, reduced shipment volumes, and increasing costs in its core business sectors, including construction and mining equipment. This situation is significant as it highlights the pressures on the company and the broader implications for the construction and mining industries.

PT Bank Jago, a digital lender in Indonesia, has reported a remarkable increase in profit, more than doubling in the first nine months of the year. This surge is largely attributed to a significant rise in interest income, which has been fueled by the growing usage of their app. This news is important as it highlights the increasing acceptance and reliance on digital banking solutions in Indonesia, showcasing the potential for further growth in the fintech sector.

The Trump administration's hesitance to lower fentanyl-based tariffs on China highlights a significant tension in U.S.-China trade relations. This reluctance not only affects economic ties but also has broader implications for public health and international cooperation on drug-related issues. Understanding these dynamics is crucial as they shape future policies and negotiations.

Chinese President Xi Jinping is set to meet with leaders from Canada and Japan following a recent trade truce with the United States. This meeting is significant as it highlights China's efforts to strengthen its trade relationships in the face of ongoing global economic challenges. By engaging with these nations, Xi aims to foster cooperation and stability in international trade, which could lead to beneficial agreements for all parties involved.

Anduril has opened a new factory in Australia dedicated to the production of its innovative undersea drones, known as 'Ghost Shark.' This development is significant as it not only boosts local manufacturing but also enhances Australia's defense capabilities in underwater surveillance and operations. The move reflects a growing trend of investing in advanced technology to address national security challenges.

SK Innovation's Q3 2025 earnings call revealed a significant rise in profits, attributed to strategic shifts within the company. This positive trend highlights the effectiveness of their recent initiatives and positions them well for future growth. Investors and stakeholders will be keen to see how these changes continue to impact the company's performance moving forward.

Vale has reported a significant increase in its Q3 profits, driven by higher production levels of iron ore and copper. This is a positive sign for the mining giant, as it not only reflects operational efficiency but also positions the company favorably in a competitive market. Additionally, Vale has adjusted its cost guidance, indicating a proactive approach to managing expenses while capitalizing on rising commodity prices.

Japan's finance minister has issued a warning about the recent volatility in foreign exchange markets following a significant plunge in the yen's value. This situation is concerning as it can impact Japan's economy, affecting imports, exports, and overall financial stability. The minister's remarks highlight the government's commitment to monitoring the situation closely and taking necessary measures to stabilize the currency, which is crucial for maintaining economic confidence.