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‘Payback time’: Indonesia’s ‘dragons’ versus the president

Simmering discord between Prabowo Subianto and top businessmen threatens spillover on economy

‘Altitude sickness’

Submarine-launched projectile carrying dummy warhead draws condemnation from Japan, Australia and New Zealand

Christopher Waller sides with central bank’s new chair in call for revamping communication to market

High memory chip prices fuel April to June earnings

MPs accuse ministers of mis-selling finance to young people

Populist Democratic candidate denies accusation as deadline looms to replace him on the ballot

Also in today’s newsletter: Fifa’s red card scandal and China’s ballistic missile test

Joint German-Norwegian team wins multibillion-dollar deal as Ottawa pivots away from US

Deal will create a leading advanced materials company with a combined enterprise value of roughly $29bn

CLSA offers an interesting sell-side take on some recent conflicts

Airport expansion crucial to $1tn foreign investment plan threatens the birthplace of country’s gay pride movement

Situational Awareness joins UK investor Baillie Gifford backing the South Korean memory maker’s American debut

Governing body under scrutiny after US president admits asking for review into one-match ban given to Folarin Balogun

Budget airline will comfort its competitors if the destination remains largely the same

The football body was once riven by bribery and corruption claims. Now it faces accusations of interference in the game itself

Countries have a whole host of relatively new vulnerabilities lying on the seabed

Chancellor Friedrich Merz’s debt-fuelled spending not seen since German reunification

The British government has leverage and should use it to proscribe a terrorist militia and cut off its supply lines

The US-backed socialist regime has botched its response to the earthquakes

Experience shows that voters reward leaders who stand up to the US president

Move comes as Saudi Arabia cuts pricing on exports to Asia to 6-year low