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A panel of judges has found Nadiem Anwar Makarim guilty of abuse of authority in relation to the 2020 procurement of Google Chromebooks for Indonesian schools. He has been sentenced to 10 years in prison, with a fine and restitution totaling over 800 billion rupiah. Prosecution says state losses reached about 125 million, while Google’s investment in Gojek is central to the case. The verdicts from multiple outlets converge, with the defense planning appeals.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
Airbnb has purchased its first Manhattan office, a six‑story 42,500‑sq‑ft Beaux‑Arts building at 281 Park Avenue South for $81.5 million. The move accompanies a long-running clash with New York City over Local Law 18 restrictions on short-term rentals and signals a deeper commitment to the city with an employee hub for 600+ staff in the region.
Macau’s former lawmaker Au Kam San remains jailed under the city’s national security law. A year after his arrest, authorities have offered limited details, and concerns about due process and the broader signal toward dissent persist as prosecutions proceed behind closed doors.
The United States is circulating a nine-page questionnaire to NATO members and other allies, seeking to gauge support for its approach to defense and deterrence. The document asks whether allies have publicly supported US policy, whether they have placed restrictions on US access to bases, and whether they have aligned with the aim of strengthening “strong, clear, and quiet” messaging. Bloomberg reports the questionnaire reflects a push to involve allies in a broader Middle East strategy.
Indonesia's leadership has approved added funds to the budget, with finance officials noting the move could be classified as non-tax state revenue to help narrow the year's fiscal deficit. Government seeks 6% growth by 2027 while keeping the deficit at or below 2.4% of GDP, and foreign appetite for Indonesian debt remains robust amid healthy inflows.
Investors are reassessing AI-linked equities as leaders including Anthropic, Altman and Musk call for slowing frontier AI development. Asia and Western markets have seen declines in chipmakers, AI infrastructure and related stocks as investors weigh safety measures and regulatory considerations.