The agreement, which has limited detail so far, has been welcome by the presidents of Indonesia and the United States. Jakarta plans to buy Boeing planes and Indonesian goods will face a US tariff of 19%. This rate is lower than had previously been threatened.

Plus, why the company behind Labubu dolls expects profits to more than triple in the first half of 2025.

(Photo: Indonesia's President Prabowo Subianto waves as he arrives following overseas visits at Halim Perdana Kusuma airportin Jakarta, Indonesia, 16 July 2025. Credit: MAST IRHAM/EPA/Shutterstock)