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EU to veto rail merger in defiance of France, Germany

The EU's powerful anti-trust sheriff, Margrethe Vestager, is set to veto the merger of the Siemens-Alstom rail businesses on Wednesday, in defiance of France and Germany. The tie-up, announced to great fanfare last year, was hailed as the birth of a much needed European industrial champion,...

Indonesia economy posts 5.17% growth in 2018

Indonesia posted slightly stronger economic growth in 2018, data showed Wednesday, but it still fell well short of President Joko Widodo's seven-percent target as elections draw closer. Southeast Asia's biggest economy expanded 5.17 percent on-year, ticking up from 5.10 percent in 2017 and...

‘Haunted’ Saudi site seeks to woo visitors

In a remote northern corner of Saudi Arabia sit the relics of an ancient civilization, which the kingdom hopes to turn into a global tourism destination as it tries to open up to the world and diversify its economy away from oil. Backed by billions of dollars in state-led investment and a...