- Reuters
Indonesian president in damage control over new capital
Indonesia's president is rushing to reassure investors and bureaucrats about his $32 billion new capital city in a malaria-prone pocket of Borneo, after the resignations of two officials overseeing the plan raised fresh doubts about its future. President Joko Widodo's announcement that he will start working next month from an office in Nusantara, a giant construction site over 1,200km (750 miles) from the current capital Jakarta, is unlikely to allay fears about his legacy project, analysts say. "The resignations worsen this… instead of explaining what really happened, the government is trying to cover it up," he said, describing the president as in damage control mode.
- BBC
Sensational upset awakens USA from 100-year cricketing hibernation
Why the USA's shock victory over Pakistan in the men's T20 World Cup could be huge for the sport stateside.
- Associated Press
Takeaways from AP analysis on the rise of world's debt-laden 'zombie' companies
An Associated Press analysis found the number of publicly-traded “zombie” companies — those so laden with debt they're struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States. “They’re going to get crushed,” Valens Securities Managing Director Robert Spivey said of the weakest zombies. Here are the key takeaways from the AP’s analysis: WHAT IS A ZOMBIE COMPANY?
