Indonesia is ready to pump $34 billion into U.S. energy and agriculture projects—plus a possible 75‑jet Garuda order—to head off steep tariffs.
Jakarta will sign a memorandum of understanding worth $34 billion next week to boost Indonesian purchases and investments in the United States, Chief Economic Minister Airlangga Hartarto said.
"This shows that government, regulators, state-owned enterprises and the private sector are together in responding to the imposition of U.S. reciprocal tariffs," Airlangga noted.
The package covers extra fuel imports and new Indonesian investment in U.S. energy and agriculture, part of efforts to ease a looming 32% tariff on Indonesian goods.
Flag carrier Garuda Indonesia is separately negotiating to buy up to 75 Boeing aircraft.
Indonesia ran a $17.9 billion goods‑trade surplus with the United States in 2024; narrowing that gap, Airlangga noted, could win Jakarta a tariff deal "better than Vietnam’s."
The accord will be signed on 7 July, demonstrating, he said, that government, state firms and private business "stand together" against U.S. duties.
Garuda, still recovering from the pandemic, recently secured a $405 million sovereign‑wealth‑fund loan for fleet upkeep.
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United States President Donald Trump and Chinese President Xi Jinping held a wide-ranging phone call on Monday, creating fresh momentum to stabilise relations following last month’s meeting in South Korea.
The U.S. has formally designated the Venezuela-based criminal group known as the Cartel de los Soles as a foreign terrorist organisation (FTO), according to a notice published on Monday (24 November) in the U.S. Federal Register.
Several international airlines have suspended flights from Venezuela after the U.S. Federal Aviation Administration (FAA) warned of heightened military activity and deteriorating security conditions in the country’s airspace.
Cadillac is gearing up to make its debut in Formula One in 2026, marking a significant milestone in the growing presence of U.S. companies in global sports.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
On Monday (24 November), the U.S. formally designated Venezuela’s “Cartel de los Soles” as a foreign terrorist organisation and imposed additional terrorism-related sanctions on its members, including President Nicolás Maduro and other senior officials.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Galatasaray suffered a 1-0 defeat at home to Belgian side Union Saint-Gilloise in the fifth round of the UEFA Champions League.
Beijing on Tuesday denied claims that it “detained or harassed” a resident from the disputed India-China border region at Shanghai airport, while reaffirming its claim over Arunachal Pradesh, which China refers to as Zangnan.
The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday morning (23 November), covering nearby villages in ash.
British Prime Minister Keir Starmer said on Tuesday that Ukraine needs “more support now” and confirmed that the UK will send additional air defence missiles in the coming weeks.
On Monday (24 November), the U.S. formally designated Venezuela’s “Cartel de los Soles” as a foreign terrorist organisation and imposed additional terrorism-related sanctions on its members, including President Nicolás Maduro and other senior officials.
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