Business
Home Business
Keep yourself informed about the latest business news, trends, and analyses with Business News. Our team of investigative journalists provides in-depth coverage of the world of business.
Germany, Japan seek economic cooperation
During their first-ever high-ministerial government meetings, held in the midst of concerns over global supply chains and the economic repercussions of the war in...
Malaysia exports rise 9.8% to RM204.99bil in Feb
KUALA LUMPUR: From the same month the year before, Malaysia's exports increased by 11% to RM204.99 billion in February 2023. With both export and...
Malaysian banks rating intact despite US bank failures – RAM Ratings
The bankruptcy of the Silicon Valley Bank (SVB) and two other smaller banks last week has little bearing on the ratings of Malaysian institutions,...
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil...
Days after its former subsidiary Silicon Valley Bank (SVB) was taken over by US regulators. SVB Financial Group announced on Friday that it had...
Silicon Valley Bank SVB run exposes rifts in venture capital world
SAN FRANCISCO: The failure of Silicon Valley Bank (SVB) has exposed differences within the typically close-knit venture capital (VC) industry. With some investors blaming...
Singapore bank stocks hit by Credit Suisse crisis
SINGAPORE: Local bank stocks fell when the market started yesterday morning. Due to concerns that the crisis enveloping Switzerland's second-largest bank and a succession...
TM, ZTE Malaysia team up to build hybrid cloud 5G core...
KUALA LUMPUR: To create a hybrid cloud 5G core network, Telekom Malaysia Bhd (TM) and ZTE (M) Corp Sdn Bhd have partnered. TM and...
Maybank introduces financing solution for EV, hybrid users
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has unveiled a groundbreaking integrated auto finance solution that addresses all facets of owning an electric vehicle (EV)...
Three nations to be largest sovereign sukuk issuers
KUALA LUMPUR: According to Moody's Investors Service, Malaysia, Indonesia, and Turkiye will overtake Saudi Arabia. As the leading sovereign issuers in 2023–2024. Which had...
Malaysia’s palm oil stocks slide 6.56% in Feb
KUALA LUMPUR: The Malaysian Palm Oil Board reported that the country's overall palm oil stockpiles decreased by 6.56% to 2.11 million tonnes in February...
Malaysia Banks to be held up by resilient earnings
PETALING JAYA: As investors seek refuge in better yielding stocks amid recessionary fears, banks may notice an increase in interest.
Despite the fact that financial...
Malaysia attracts RM264.6bil approved investments in 2022, 2nd largest ever recorded:...
KUALA LUMPUR: In 2022, Malaysia will have approved RM264.6 billion worth of investments. With the services sector taking the lion's share of the market,...
Vietnam lures US$3.1 billion in FDI in first two months of...
In the first two months of 2023, Vietnam committed $3.1 billion in total foreign direct investment. This is a 38% decrease from the...
MBSB Bank, Prec ink pact to drive cashless business transactions among...
PKNS Real Estate Sdn Bhd (Prec) and MBSB Bank Bhd (MBSB) have signed a memorandum of understanding (MoU) to work together. To promote cashless...
South Korea chip inventory climbs the fastest in 27 years
In January, South Korea's semiconductor inventory increased at its quickest rate in in 27 years. Highlighting a protracted tech recession that is holding back...
EV-related stocks advance after Tesla gets approval to import electric vehicles...
KUALA LUMPUR: Following the Ministry of International Trade and Industry's (Miti) approval of Tesla's application to import battery electric vehicles (BEVs) into Malaysia. The...
Crude oil prices stay muted in 1H amid altered oil flows...
Dated Brent prices are expected to remain relatively flat in the first half of 2023. On ample inventories despite persistent supply risks. With an...
YNH Property Bhd Directors Face Scrutiny Over ALX Asset Scheme Ahead...
Explore the alleged fraudulent asset-backed security (ABS) scheme by YNH Property Bhd's Yu Brothers, potentially causing losses for shareholders and raising concerns about compliance with Malaysia's regulations.
New Russian offensive underway in Ukraine, says NATO
KYIV: Days before the first anniversary of Moscow's invasion heavy artillery bombardment was being directed at the eastern Ukrainian city of Bakhmut. As the...
New China-Laos-Thailand train builds efficiency for China and Asean trade
BEIJING: The China-Laos Railway's extension, the round-trip China-Laos-Thailand train, was successfully launched.
Trade between China and Asean members is anticipated to gain new momentum thanks...
Malaysia not going into recession, growth set to continue in 2023:...
Malaysia is unlikely to enter a recession this year. According to Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus, as strong domestic...
US forces returning to Philippines to counter China threats
More than 30 years after the closure of its sizable bases there, the US has been taking steps to rebuild its military power in...
Hope fading as deaths in Turkey, Syria earthquake surpasses 15,000
Stretched rescue crews labored through the night in Turkey and Syria looking for signs of life in the rubble of thousands of buildings that...
Europe bans Russian diesel, other oil products over Ukraine
FRANKFURT Germany: In an effort to reduce its reliance on Moscow for energy and as retaliation for its invasion of Ukraine. Europe put a...
EU officials visit Kyiv as Russia strikes civilian target
KYIV, Ukraine: Leading representatives of the European Union arrived in Kyiv. For talks with Ukrainian authorities as rescue workers combed through the debris of...
US accuses Russia of endangering nuclear arms control treaty
Washington, D.C. The Biden administration asserted on Tuesday that Russia's refusal to permit the restart of on-the-ground inspections poses a threat. To the New...
International trade rises as commerce ministry lays out 2023 plans
Combodia: According to Pan Sorasak, minister of commerce, "in-depth reforms in all areas," "improved export competitiveness. " And an increasingly favorable business and investment...
China investment will boost green economy in Malaysia, says biz leader
IPOH: According to a prominent member of the business community. Increased Chinese investment will aid Malaysia in its transition to low-carbon development.
According to Datuk...
Asian FX, stocks rise as strong U.S. GDP data aids risk...
The Philippine Peso and the Malaysian Ringgit led advances among Asian currencies on Friday. As overnight data revealed the U.S. economy's resiliency, increasing investor...
Malaysia’s total trade up 8.6% to RM236bil in December 2022
Malaysia’s total trade for December 2022 amounted to RM236.0 billion. An increase of 8.6 per cent year-on-year (y-o-y). With exports rising 6.0 per cent...
IAEA sends staff to all Ukraine nuclear plants in safety bid
KYIV, Ukraine: In order to lessen the chance of catastrophic mishaps while Russia's war on Ukraine continues. The International Atomic Energy Agency has dispatched...
YNH property’s latest RM 500 million asset sale exposed as Fraudulent
YNH Property's RM500 million asset sale is exposed as shareholder fraud, involving false claims of independence between ALX Assets Berhad and YNH Property Bhd. The YU Syndicate is suspected of involvement in this fraudulent deal.
Indonesia’s Asean presidency to focus on economic growth, says senior minister...
Jakarta Indonesia: According to a senior economic minister, Indonesia's leadership of Asean in 2023 will primarily be focus on fostering sustainable growth in the...
Hong Kong’s Cathay Pacific flags up to US$893.77 million loss in...
HONG Kong:Despite predicting a loss of between HK$6.40 billion (US$817.18 million) and HK$7.00 billion for the fiscal year 2022, Cathay Pacific Airways Ltd. underlined...
CIA director visits Kyiv, meets with Ukraine’s Zelenskyy
Washington, D.C. According to a U.S. official, Volodymyr Zelenskyy and CIA Director William Burns met in Kyiv last week. This was the most recent...
NATO planes to be sent to Romania to eye Russian activity
Romania's BUCHAREST: NATO announced that it would send three surveillance aircraft to Romania the next week. The purpose is to conduct reconnaissance flights and...
Rapid Synergy Bhd snubs Malaysia Security Commission in a cover-up
Rapid Synergy Bhd's executive director, YU KUAN CHON, deceives the Malaysia Security Commission, hiding CHAN WENG FUI's status as a related party and employee, breaching regulations and risking company delisting.
YNH Property BHD Minority Shareholders Defrauded
YNH Property Bhd minority shareholders face deceit as controlling shareholders execute fraudulent transactions with the YU Syndicate. Unravel the complex web of related-party dealings and their impact on shareholders' value.
EU faces big subsidy rift before facing US
Sweden's KIRUNA: There are growing concerns that the continent's heavyweights may benefit at the expense of the smaller member states. As the European Union...
RM Billions Evaporate for imaginary YNH Property business deals
Discover how the YU Syndicate, led by YU KUAN CHON and YU KUAN HUAT, allegedly uses YNH Property and Rapid Synergy to create imaginary business deals, defrauding minority shareholders and lenders with their long-term deceptive practices.
Global food prices in 2022 hit record high amid drought, war
ROME: According to the U.N. Food and Agriculture Organization, global prices for food commodities such as grains and vegetable oils reached their highest levels...
US to send $3.75B in military aid to Ukraine, its neighbors
WASHINGTON: As Russia's invasion of Ukraine continues, the United States will provide $3.75 billion in military supplies and other aid. To Ukraine and its...
EU to mobilise RM47bil for Asean investments
PETALING JAYA: The European Union (EU) and its member states have announced a mobilization of €10 billion (US$10.59 billion or RM47.04 billion). As part...
Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul
KUALA LUMPUR: According to Tengku Datuk Seri Zafrul Abdul Aziz, Minister of International Trade and Industry, Chile's decision to ratify the Comprehensive and Progressive...
Malaysia consumer sector expected to remain robust
PETALING JAYA: The consumer sector will continue to grow well, Due to strong domestic demand and supply chain enhancements. That will make restocking operations...
EU approves new sanctions against Russia over Ukraine war
BRUSSELS: The European Union announced on Thursday that it had agreed on a fresh round of sanctions meant to increase the pressure on Russia...
IBM partners with new chipmaker Rapidus to make up lost ground
TOKYO: IBM Corp. claims that it is collaborating with Rapidus a recently established chipmaker sponsored by the Japanese government. To assist it to produce...
Bursa Malaysia announces 21 additions to F4GBM index constituents
KUALA LUMPUR: The FTSE4Good Bursa Malaysia (F4GBM) Index and the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index now has 98 constituents overall. After 21 fresh...
Global semiconductor equipment sales to hit record US$108.5bil this year
PETALING JAYA: The Semiconductor Equipment Manufacturers Industry, based in the US. Predicts that global sales of all semiconductor manufacturing equipment by original equipment manufacturers...
US banks warn of recession amid rising inflation
According to CEOs, the largest US banks are preparing for a poorer economy next year as inflation threatens consumer demand.
Jamie Dimon, the chief executive...
EU eyes Russian officials, banks, industry for sanctions
BRUSSELS: As part of a fresh wave of sanctions meant to increase pressure on Moscow over its involvement in the crisis in Ukraine. The...
Asia stocks edge up despite global growth worries.
Hong Kong and China stocks helped up Asian shares despite mounting concerns about an impending economic slowdown and the speed at which the Federal...
Malaysian economy relatively resilient in 2023, says ICAEW
PETALING JAYA: The Institute of Chartered Accountants in England and Wales forecasts a bleak start for Asian economies in 2023. But it won't last...
Retail loan growth likely to remain strong
PETALING JAYA: Despite waning sectoral tailwinds, banking stocks are still regarded as "safe" investments. In the face of potential economic difficulties.
"The banking industry can...
Oil prices climb after Opec+ keeps output cut targets, China eases...
As a result of OPEC+ countries maintaining their output objectives in advance of a European Union ban. The start of a price restriction...
Sarawak targets revenue of RM11bil by 2023
Sarawak aims to earn more than RM 11 billion in income the following year, which would be a record. Approximately 48%, or RM5.25 billion,...
Taiwan fears impact of US chip restrictions
TAIPEI: According to a Taiwanese economic official recent US efforts to lessen reliance on Taiwan's cutting-edge technology may have an effect on Taiwan's chip...
RHB Bank on course to meet KPI targets
Despite the difficult operating environment, RHB Bank Bhd is on pace to achieve the majority of its key performance indicator (KPI) targets for the...
KLCI falls as investors take profit, ringgit at 4.4760
On Friday, the Ringgit increased its advances and reached a three-month high. At 5 pm, the local currency was trading at 4.4760, up 0.43%...
BNM issues exposure draft on licensing framework for DITOs
Following the release of the discussion paper earlier this year. Bank Negara Malaysia (BNM) today released the exposure draft on the licensing and regulatory...
Budget 2023 will be among the focus for the 15th Malaysian...
KUALA LUMPUR: Before Budget 2023, the first topic to be debate in the Parliament session will be important. The parliment debate under Prime Minister Datuk...
Boustead Plantations expects continued volatility in palm oil prices
KUALA LUMPUR: Boustead Plantations Bhd stated that due to high stock levels in Malaysia and Indonesia, palm oil prices are projected to be highly...
Malaysian banks’ loan growth to stay at 5-6% in 2023 on...
S&P Global Ratings anticipates that the Malaysian banking sector will continue to expand loans at a rate of 5% to 6% in 2023 as...
Asia-Pacific leaders condemn war, renew calls for open trade
Bangkok, Thailand, Saturday, Nov. 19, 2022: Leaders from the Asia-Pacific region demanded an end to Russia's conflict with Ukraine and committed to guiding the...
WTO warns of ‘real’ recession risk in some major economies
Indonesia's NUSA DUA: The crisis in Ukraine, rising food and gasoline prices, and surging inflation have all contributed to a cloudy view of the...
Brunei gets top ranking for business regulation from top international economic...
BANDAR SERI BEGAWAN: Brunei has performed very well in regulation and secured second ranking globally. According to the Canadian conservative think tank, Fraser Institute’s...
Ambank Aids SMEs Via Strategic Partnership With PUMM
AmBank has entered into a two-year strategic partnership with Persatuan Usahawan Maju Malaysian (PUMM). Which will pave the way for AmBank to work with...
Telenor and Axiata win key approval for multi-billion dollar Malaysia tie-up
OSLO: Malaysian telecoms firm Axiata Group and Norway's Telenor ASA have been given clearance from the Securities Commission Malaysia for the proposed merger of...
Malaysia unlikely to go into recession due to economic diversification
KUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy. Which is less dependent on...
Hong Kong once again ranked as world’s freest economy
HONG KONG: The Hong Kong Special Administrative Region government on Thursday welcomed the Fraser Institute’s recognition of the territory as the world’s freest economy.
In...
Franchise sales to increase to RM23bil by 2025
PETALING JAYA: Malaysia’s franchise industry is expected to see its sales value increase to RM22.66bil by 2025 from RM14.65bil in 2020, says Prime Minister...
Bank Negara raises OPR by 25bps to 2.5%, as expected
KUALA LUMPUR: Bank Negara Malaysia (BNM)’s Monetary Policy Committee (MPC) raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.5% on...
Bursa Malaysia snaps losing streak, ringgit weakens to 4.5028
KUALA LUMPUR: Bursa Malaysia finished higher on Wednesday in the absence of market-moving factors. While the ringgit weakened to a 24-year low against the...
Better Internet connectivity for Sarawak with a new submarine cable to...
KUCHING: Sarawak can look forward to better Internet connectivity following the launch of a new submarine cable to Singapore via Batam and a Tier...
Oil prices ease on symbolic OPEC+ output cut
SINGAPORE: OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy. Underlining their unhappiness as recession...
SK Hynix to invest US$11bil in new South Korea chip plant
SEOUL: SK Hynix Inc, the world's second-largest memory chip maker, said it will invest 15 trillion won ($10.9 billion) over the next five years...
Malaysia end-August palm oil stocks hit 2 million tonnes for first...
KUALA LUMPUR: Malaysia's palm oil inventories in end-August likely swelled above 2 million tonnes for the first time in more than two years lifted...
Maybank to facilitate the trading of shariah-compliant securities on Bursa under...
KUALA LUMPUR: Under the Islamic Securities Selling and Buying — Negotiated Transaction (ISSBNT) framework Bursa Malaysia has added Maybank Investment Bank Bhd(Maybank IB) as...
Indonesia hikes fuel prices by 30%, cuts energy subsidies
JAKARTA, Indonesia: Fuel prices increased by about 30% across Indonesia on Saturday. After the government reduced some of the costly subsidies that have kept...
EcoWorld in end-financing tie-up with Public Bank
PETALING JAYA: Eco World Development Group Bhd (EcoWorld) has inked a memorandum of understanding (MoU) with Public Bank Bhd to offer a special end-financing...
Asian stock markets mixed ahead of latest US jobs reading
Asian stock markets were mixed ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging...
Standard Chartered Malaysia Launches SmartStocks
KUALA LUMPUR: Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform. Bringing clients the convenience of trading on 12 exchanges across...
Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022...
KUALA LUMPUR: Malaysia has attracted RM123.3 billion (US$28.0 billion) worth of approved investments in the manufacturing, services, and primary sectors involving 1,714 projects from...
Arizona Gov. Ducey hails Taiwan semiconductor investment
TAIPEI, Taiwan: Arizona Gov. Doug Ducey on Thursday hailed economic and educational cooperation with Taiwan. Marked by a $12 billion investment in his state...
IMF set to provide $2.9 billion to help crisis-hit Sri Lanka
COLOMBO, Sri Lanka: The International Monetary Fund has reached a preliminary agreement to provide Sri Lanka with $2.9 billion, over four years to help...
Biden waiving the ethanol rule in a bid to lower gasoline...
MENLO, Iowa USA: With inflation at a 40-year high, President Joe Biden journeyed to corn-rich Iowa on Tuesday. To announce a modest step aimed...
Biden, Modi to speak as US presses for a hard line...
WILMINGTON USA: President Joe Biden is set to speak with Indian Prime Minister Narendra Modi as he presses world leaders to take a hard...
S&P downgrade indicates Russia headed for historic default
BOSTON USA: The credit rating agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt. Signaling rising prospects that...
SpaceX launches 3 visitors to the space station for $55M each
CAPE CANAVERAL, Florida USA: SpaceX launched three rich businessmen and their astronaut escorts to the International Space Station on Friday. For more than a...
Food prices soar to record levels on Ukraine war disruptions
ROME ITALY: Prices for food commodities like grains and vegetable oils reached their highest levels. Everlast month largely because of Russia’s war in Ukraine...
Europe agrees to ban Russian coal but struggles with oil, gas
The European Union nations have agreed to ban Russian coal the first sanctions on the vital energy industry over the war in Ukraine. But...
Congress votes to suspend Russia’s trade status, enact an oil ban
WASHINGTON USA: Congress voted overwhelmingly to suspend normal trade relations with Russia and ban the importation of its oil. Ratcheting up the U.S. response...
Germany seeks to boost renewable energy and cut Russian imports.
BERLIN Germany: The German government unveiled a major package of reforms. To boost the production of renewable power, and meet its climate goals. And...
UN to vote on suspending Russia from the rights council.
UNITED NATIONS: The U.N. General Assembly will vote on whether to suspend Russia from the U.N.’s premier human rights body. The move was initiated...
The US hits Russia with ‘war crimes’ sanctions, Europe following.
WASHINGTON USA: The U.S. rolled out a new wave of financial sanctions on Wednesday against Russia. That President Joe Biden said would place a...
Asia’s US$350bil gas projects intensify the clean energy debate.
SINGAPORE: Asia is pumping billions of dollars into new gas infrastructure. Making the region pivotal in a debate over the role of fossil fuels...
Guyana OKs Exxon’s $10B Yellowtail offshore oil project.
GEORGETOWN, Guyana: Guyana’s government has granted permission for U.S. supermajor ExxonMobil to develop a fourth offshore oil and gas field. The company said it...
The US to seek Russia’s suspension from Human Rights Council.
BUCHAREST, Romania: The United States plans to seek a suspension of Russia from its seat on the U.N.’s top human rights body. Pointing to...
WHO says 99% of the world’s population breathes poor-quality air.
GENEVA Switzerland: The U.N. health agency says nearly everybody in the world breathes air that doesn’t meet its standards for air quality. Calling for...
Lithuania cuts off Russian gas imports and urges the EU to...
VILNIUS, Lithuania: Lithuania says it has cut itself off entirely from gas imports from Russia. Apparently becoming the first of the European Union’s 27...
Russian space chief: Sanctions could imperil space station.
MOSCOW: The head of Russia’s space program said that the future of the International Space Station hangs in the balance. After the United States,...
European inflation soars to a record 7.5% on fuel, food costs.
LONDON: Inflation in Europe soared to another record, according to new EU figures released in a fresh sign. That rising energy prices fueled by...
Greenhouse gas emissions rose in Rhode Island.
While Rhode Island is trying to reduce greenhouse gas emissions and set an example for other states environmental officials said Friday that emissions were...
Poland to end Russian oil imports; Germany warns on gas.
WARSAW, Poland: Poland announced steps to end all Russian oil imports by year’s end. While Germany issued a warning about natural gas levels and...
US seeks tighter UN sanctions after N. Korea missile test
SEOUL, South Korea: The United States called for tougher U.N. sanctions after North Korea said it test-fired its biggest intercontinental ballistic missile to date....
Ukraine war drives the US, EU deal to undercut Russian energy
BRUSSELS: With stunning speed, Russia’s war in Ukraine is driving Western Europe into the outstretched arms of the United States again. Especially apparent when...
The US, EU sign data transfer deal to ease privacy concerns
BRUSSELS: The European Union and the United States made a breakthrough in their years-long battle over the privacy of data. That flows across the...
Biden pledges new Ukraine aid warns Russia on chemical weapons.
BRUSSELS Belgium: President Joe Biden and Western allies pledged new sanctions and humanitarian aid. In response to Vladimir Putin’s assault on Ukraine. But their...
The U.S. reinstates 352 product exclusions from China tariffs.
WASHINGTON USA: The U.S. Trade Representative's office said on Wednesday it has reinstated 352 expired product exclusions from U.S. "Section 301" tariffs on Chinese...
The U.S. imposes fresh sanctions on Russia over the Ukraine invasion.
BRUSSELS/WASHINGTON: The United States on Thursday imposed fresh sanctions on Russia. Targeting dozens of Russian defense companies. Hundreds of members of its parliament, and...
Singapore core inflation cools while acceleration risks loom
SINGAPORE: Core inflation in Singapore cooled slightly last month. But is expected to pick up further in the near term, setting the stage for...
Russian stock market, crushed by war, will partially reopen
NEW YORK USA: Russia plans to reopen its stock market for limited trading. Nearly one month after shares plunged and the exchange was shut...
Putin wants ‘unfriendly countries’ to pay rubles for gas.
MOSCOW Russia: President Vladimir Putin announced that Russia will demand that “unfriendly″ countries pay for Russian natural gas exports only in rubles from now...
UK inflation hits a 30-year high of 6.2% as Sunak readies...
LONDON UK: British inflation shot up faster than expected last month to hit a new 30-year high. Worsening a historic squeeze on household finances...
Ukraine war imperils wheat, but farmers are in no rush to...
DUBAI, United Arab Emirates: Worldwide, farmers like are weighing whether to change their planting patterns and grow more wheat this spring. As the war...
UN chief: Don’t let Russia crisis fuel climate destruction.
BERLIN Germany: Countries scrambling to replace Russian oil, gas, and coal supplies with any available alternative. May fuel the world’s “mutually assured destruction” through...
EU slams ‘war crimes’ in Ukraine but new sanctions unlikely
BRUSSELS Belgium: European Union countries accused the Russian armed forces of committing war crimes in Ukraine. But appeared unlikely to impose new sanctions on...
New rules for companies on climate risks proposed by SEC.
WASHINGTON USA: Companies would be required to disclose the greenhouse gas emissions they produce. And how climate risk affects their business under new rules...
Zelenskyy evokes Holocaust as he appeals to Israel for aid.
JERUSALEM Israel: Ukraine’s president called on Israel to take a stronger stand against Russia. Delivering an emotional appeal that compared Russia’s invasion of his...
Boris Johnson: Russian win would bring ‘age of intimidation’
LONDON UK: British Prime Minister Boris Johnson said that Russia’s invasion of Ukraine was a “turning point for the world.” Arguing that a victory...
High energy costs trigger unrest in parts of Europe.
MADRID Spain: High energy costs are stoking unrest in parts of Europe, with Spain deploying more than 23,000 police officers in cars and helicopters....
UK regulator revokes license of Russia-backed broadcaster RT.
LONDON UK: Britain’s communications regulator revoked the license of the state-funded Russian broadcaster RT amid concern that its coverage of the war in Ukraine...
Biden’s China ‘pivot’ complicated by Russia’s war in Ukraine.
WASHINGTON USA: President Joe Biden set out to finally complete the “pivot to Asia.” A long-sought adjustment of U.S. foreign policy to better reflect...
Intel unveils $88B chipmaking expansion plan for Europe.
LONDON UK: U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe. As part of an...
Russia’s invasion drives NATO rethink of Europe force stance.
Brussels, Belgium: In an underground archive below NATO’s headquarters lies a key document. That sets out the vision of both NATO and Russia about...
Council of Europe expels Russia from human rights body.
STRASBOURG, France: The Council of Europe on Wednesday expelled Russia from the continent’s foremost human rights body in an unprecedented move over Moscow’s invasion...
Asian shares rise ahead of Fed decision on rate hike
TOKYO Japan: Asian shares rose as investors awaited a widely anticipated decision by the U.S. Federal Reserve on interest rate policy.
Japan’s benchmark Nikkei 225...
White House: Biden will travel to Europe for Ukraine talks.
WASHINGTON USA: — President Joe Biden will travel to Europe next week for face-to-face talks with European leaders about the Russian invasion of Ukraine,...
Asia stocks extend losses as Ukraine war, China’s Covid-19 surge hit...
SYDNEY: Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors. Who is already worried...
EU and UK hit Russia with wider sanctions that target luxury
BRUSSELS Belgium: EU and UK hit Russia with more sanctions this time victim is Pure-bred horses, truffles, a soccer club owner, and a media...
War censorship exposes Putin’s leaky internet controls
BOSTON: Long before waging war on Ukraine, President Vladimir Putin was working to make Russia’s internet a powerful tool of surveillance and social control...
World Bank official says war-driven oil price hikes to slash growth...
WASHINGTON: Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth of large oil-importing developing...
Biden bans Russian oil, warns of higher prices at US pumps.
WASHINGTON: President Joe Biden announced that the U.S. will ban all Russian oil imports. Toughening the toll on Russia’s economy in retaliation for its...
Russia-Ukraine war in the world’s ‘breadbasket’ threatens food supply.
BARCELONA, Spain: The Russian tanks and missiles besieging Ukraine are threatening the food supply and livelihoods of people in Europe, Africa, and Asia. Who...
Google Merchant Coronavirus disease (COVID-19) Google Ads policy updates
Google Merchant Coronavirus disease (COVID-19) Google Ads policy updates
At April 14, 2020
The impact of coronavirus disease (COVID-19) is evolving every day and we are...
Banks in Malaysia benefit from a competitive economy- Moody’s
Malaysian banks that have an A3 stable outlook are receiving an advantage of a diversified and developing economy. Economic diversification and a competitive environment...
Amazon wins trademark infringement litigation in Europe
The European Court of Justice (ECJ) has ruled in favor of Amazon in a legal battle launched by Coty Germany over the sales of unlicensed Davidoff...
Facebook releases new messaging app exclusive for couples
Facebook has launched an application called “Tuned” which allows couples to message each other privately.
The app, which was created by
Facebook's New Product Experimental (NPE)...
Philippine government taps e-commerce site for door-to-door delivery of farm products
As the Philippines entered the third week of lockdown, the Department of Agriculture (DA) partnered with an online shopping website to allow consumers to...
Taiwan’s auto industry reports increase in sales despite coronavirus pandemic
A total of 37,279 new cars were registered in Taiwan last month, exceeding its forecast of only 33,000, amid the deadly onslaught of the...
Vietnamese products see enormous demand in the US market
Goods with ‘Made in Vietnam’ tags have become more popular in the United States as the world’s largest economy reduce its dependence on China’s...
Coronavirus hobbles supply chains of Japanese firms in Southeast Asia and...
A survey conducted by Japanese news agency NNA showed that two-thirds of the country’s firms that operate businesses in the Philippines, Indonesia, Malaysia, Thailand...
Apple’s acquisition of weather app Dark Sky is sad news for...
The popular weather predicting app Dark Sky announced in a blog post on Tuesday that it has been acquired by Apple, noting that it...
Singapore to issue “stop-work order” to companies that do not allow...
The Ministry of Manpower (MOM) of Singapore has warned that it will be issuing stop-work orders on firms that do not take serious efforts...
More Bangladeshi workers at risk as apparel industry collapses
As the coronavirus pandemic worsens, millions of workers in Bangladesh’s garment factories are being released from their respective companies without incomes.
Bangladesh is considered as...
Japanese tech giant Softbank launches 5G service
The Tokyo-based multinational technology company, SoftBank Corp., has joined the ultra-fast 5G race in Japan as it officially launched its wireless offerings last week.
It...
Filipino-Chinese businessman arrested for “pandemic profiteering”
The Philippine National Police-Criminal Investigation and Detection Group (CIDG) nabbed a Filipino-Chinese businessman for profiteering and hoarding of medical supplies amid the coronavirus pandemic.
Jackson...
Here’s why Chinese online retailer AliExpress cancels US orders of personal...
Desperate customers of AliExpress were quick to assume that the cancellation of their orders for personal protective equipment (PPE) against the coronavirus pandemic could...
Australia pledges additional $80 billion coronavirus stimulus to rescue jobs
The Australian government announced that it plans to spend $79.85 billion (A$130 billion) to subsidize the salaries of more than 6 million workers who...
Qatar Airways seeks government aid to keep flying
Several airlines have already suspended operations amid the travel restrictions imposed due to the coronavirus pandemic, but Qatar Airways said it continues to operate...
Google offers $340 million in Ads credits to help small businesses
As part of its coronavirus response package, Google is offering $340 million in Ads credits to small and medium-sized businesses that have active accounts...
Gardenia Malaysia speaks up about viral video of product tampering
Gardenia Bakeries (KL) Sendirian Berhad said that the viral video showing a delivery man stealing slices of bread from the packaging was not taken in...
Airline traffic in Asia plunged in February due to coronavirus
The Association of Asia Pacific Airlines (AAPA) announced on Thursday that the international passenger demand in the region fell by 43.9% in February as a...
India imposes world’s largest coronavirus lockdown
Prime Minister Narendra Modi on Tuesday placed the entire India under a “complete lockdown” effective that midnight local time.
With a total population of 1.3
billion...
Global markets rise as US nears trillion-dollars’ worth stimulus package
After a sudden sink last month, world stock markets sharply soared Tuesday following the announcement of the United States that it is now working...
South Korean exports jump as employees worldwide work from home
The outbound shipments of teleconferencing equipment and components from South Korea have soared to 10% in the past weeks as many employees around the...
Malaysia’s largest mineral water company to boost production to 900 million...
Spritzer Berhad, Malaysia’s largest producer of bottled water plans to boost its production capacity to 900 million bottles by next year to meet the...
Singapore Airlines grounds hundreds of planes, trims 96% of capacity
A total of 185 out of 196 aircrafts of the Singapore Airlines (SIA) will be grounded amid the intensified border controls worldwide in efforts...
Philippines mandates BPOs to settle “Work from Home” policies until March...
Following the implementation of an enhanced community quarantine in the entire Luzon, including Metro Manila, the Philippine Government has ordered all Business Process Outsourcing...
Indonesia set to surge oil imports as global crude prices plunge
The Energy and Mineral Resources Ministry of Indonesia announced that it will increase the import volume of crude oil while the global prices remain low...
Malaysia maintains stock trading amid coronavirus lockdown
The Malaysian government and Bursa Malaysia have reiterated that they will not suspend the local stock exchange despite the implementation of lockdown in the...
Economists: Global market is already in recession due to coronavirus pandemic
American and European economic experts said that the recession in global economy is already here considering the deepening impacts of the coronavirus disease 2019...
Volkswagen hit with $34 Billion fine over diesel scandal; shares plan...
The world’s largest carmaker, Volkswagen, disclosed that it will spend a sum of $34.69 billion equivalent to 31.3 billion euros to pay fines and...
Japanese retail giant Uniqlo reopens stores in China
Fast retailing company, the owner of Japan’s Uniqlo, announced that it has reopened most of it stores in China, particularly those located outside the...
Gas station owner charged for $500M fraud scheme
The owner of a California-based gas station face charges for allegedly stealing around $500 million government funds to expand a biodiesel fraud scheme with...
Amazon becomes “go-to” e-commerce site amid coronavirus
As millions of people around the globe are urged to stay indoors to halt the spread of the coronavirus pandemic, American e commerce giant...
Japan and South Korea to continue discussions over export controls
During their marathon session last week, the governments of Japan and South Korea have both agreed to continue their talks about their ongoing trade...
Bill Gates resigns from the Boards of Microsoft and Berkshire Hathaway
The world’s second-richest man, Bill Gates, has stepped down from the Board of directors of tech giant Microsoft and multinational conglomerate holding company Berkshire Hathaway to...
Disney shuts tourism businesses in response to the coronavirus
The Walt Disney Company has now closed all its eleven Disney theme parks across Asia, Europe and North America as a precaution due to the...
2 execs of Thai aviation industry resign amid coronavirus crisis
The president of Thai Airways and the director of Suvarnabhumi International Airport have separately tendered their resignation letters on March 12 as the coronavirus...
Vietnam cuts gold prices due to decline in demand
While gold rates saw a plunge in the global market this week, the makers of the precious metal in Vietnam had to trim down...
Italy closes majority of businesses as coronavirus cases mount
All restaurants, bars, and non-essential company shops in Italy are forced by the government to shut operations following the World Health Organization’s declaration that...
Grab PH suspends thousands of users over fraudulent activities
Ride-hailing giant Grab has banned 125,000 users in the Philippines who were found involved in fraudulent activities like creating multiple accounts, making frequent cancellations...
Tesla eyes building a Cybertruck factory in central USA
Tesla Inc. Chief Executive Officer Elon Musk said that he is searching for a site in the central United States that could serve as...
European banks allow delays in mortgage payments to soften coronavirus impact
In efforts to ease the economic blow of the Coronavirus Disease 2019 (COVID-19) in Europe, banks in Italy and the United Kingdom have announced...
Dutch brewer Heineken invests US$183 million for Brazil plant expansion
Heineken NV has embarked on an 865 million reais (US$183.14 million) expansion of its Ponta Grossa brewery in Brazil in a bid to ramp...
Founder of India’s Yes Bank faces money laundering charges
The founder of one of India’s biggest financial institutions—Yes Bank, was arrested on Sunday by the financial crime detectives over money laundering allegations.
Rana Kapoor...
Global airlines brace for $113 billion revenue hit from coronavirus
The International Air Transport Association (IATA) has announced a dramatic increase in the damage of the coronavirus to the global airline industry.
It said the...
Toyota recalls 3 million vehicles due to fuel pump issues
Japanese automaker Toyota is forced to recall more than three million vehicles worldwide over fuel pump flaws that could cause the engines to fail.
It...
Cathay Pacific to pay almost $1M fine over passengers’ data leak
Hong Kong’s flagship airline Cathay Pacific Airways was fined with $970,000 for a data breach that exposed personal information of millions of passengers.
Authorities said that...
Japanese drugmaker strives to develop coronavirus treatment
Japan’s largest drugmaker Takeda Pharmaceutical Company announced that it is currently developing a drug that could treat the coronavirus infection.
Takeda is working on a...
Nestle boosts reforestation in Americas to reduce carbon footprint
Swiss food giant Nestle S.A. has vowed to plant at least three million trees in Mexico and Brazil by next year as part of its...
Fears on global medicine shortage grow as coronavirus hit supply chains
The continued closure of factories in China due to the coronavirus threatens the supply of medicines worldwide as the production of active pharmaceutical ingredients were disrupted.
China...
Mobile games download spike amid coronavirus quarantine
The demand for mobile games has surged as millions of people in China are quarantined and stuck indoors amid fears of the spreading coronavirus...
Ex-Microsoft Engineer face fraud charges
A Former Microsoft Engineer named Volodymyr Kvashuk has been convicted of fraud that could put him in federal prison for up to 20 years.
The...
Amazon blocks millions of products for price gouging, misleading claims about...
More than a million products were barred by online retail giant Amazon for charging much higher prices and making false claims that they can...
Macau casinos’ revenue fell 88% due to COVID-19
The world’s biggest gambling hub, Macau, has suffered a massive blow from the Coronavirus Disease 2019 (COVID-19) as the casino industry recorded its worst...
Apple will pay $500M in iPhone-throttling settlement
United States’ technology giant Apple has agreed to pay up to half a billion dollars to settle litigation claiming that it slowed down old...
2 South Korean electronics giants close plants due to virus cases
Samsung Electronics Co., Ltd. and LG Innotek have separately announced the temporary closure of their manufacturing plants in South Korea after workers tested positive...
Carmakers focus on selling online to cope with virus impact
Giant automakers like BMW, Mercedes-Benz and Tesla are trying to boost their revenues by ramping up their online presence amid the coronavirus outbreak.
Most Chinese...
Facebook files lawsuit against marketing firm for illegal access of users’...
World’s largest social media site Facebook sued a marketing company named oneAudience, that it accused of “improperly” accessing users’ personal information without their authorization.
Facebook...
Tech giant Apple to open first store in India next year
Apple has been given the green light to open its first Indian store by 2021 after it received a special approval from the Government...
Singapore companies cushion virus impact by imposing hiring, pay freeze
Several companies in Singapore have imposed hiring and salary freeze as they grapple with financial constraints amid coronavirus outbreak.
On Wednesday, the country’s largest...
Disney shares drop after company announced CEO replacement
Following the unexpected announcement that Bob Iger handed off his position as CEO, The Walt Disney Company's shares fell by 2.1% on Wednesday’s premarket...
Philippines stocks plunge deepest since 2016 due to coronavirus
The Philippines has recorded its deepest fall in shares as growing concerns over coronavirus hit Asian and global markets.
Based on reports, the Philippine Stock...
US drugmaker Moderna submits coronavirus vaccine for testing
After only six weeks of immunization development, biotech firm Moderna Inc. has shipped the first batch of its experimental coronavirus vaccine to the National...
Disney’s CEO steps down, company insider to assume top post
Walt Disney Co. announced on Tuesday that chief executive Bob Iger has stepped down from the top job after more than 15 years in the...
Norwegian oil giant cancels plan to drill in Great Australian Bight
Equinor, a Norwegian multinational energy company, announced that it has abandoned its plan to drill for oil in the Great Australian Bight for reasons...
South Korea faces economic difficulty as virus cases climb
From only 31 cases on February 18, South Korea has confirmed a sudden increase in its coronavirus cases that reached 833 as of Monday...
Honda to halt production in the Philippines, leaving 400 Filipinos jobless
Japanese automobile maker Honda announced that it will close its production plant in Laguna, Philippines by March to meet customers’ needs through "efficient allocation and...
Japan’s auto industry forms task force vs COVID-19
Japanese automakers, in coordination with the central government, have created a task force aimed at addressing the growing threat of the coronavirus outbreak to the...
Indonesian bank trims rates to head off coronavirus impact
The central bank of Indonesia has cut its interest rates by 25 basis points to 4.75% to prevent the impact of the COVID-19 outbreak that...
Japanese couple who operated an educational institution sentenced to prison for...
Yasunori Kagoike, the former head of a Japanese institution named Moritomo Gakuen, and his wife, Junko, were found guilty of defrauding the central and...
Malaysian fugitive Jho Low spotted in virus-hit Wuhan
The fugitive Malaysian financier Low Taek Jho, commonly known as Jho Low, was recently spotted in the coronavirus-center Chinese city according to Malaysian authorities.
“Previously,...
Malaysian manufacturers of hygiene products struggle to meet surging demand amid...
Producers of disinfectants, hand sanitizers, and rubber gloves in Malaysia are struggling to provide global requests which have ballooned due to the COVID-19 outbreak,...
Huawei’s lawsuit challenging US purchase ban rejected
Chinese technology giant Huawei loss its legal challenge of the constitutionality of a US law that restricts federal agencies from purchasing its products.
A US judge...
Uber cuts 80 jobs as it closes Los Angeles office
Ride-hailing giant Uber has reportedly laid off at least 80 employees as it shut down a customer support office in Los Angeles.
Media reports said...
Philippine Airlines appoints new president, raises capital stock by 130%
The flag carrier airline of the Philippines announced that it will now be controlled by Lucio Tan as he was recently appointed as the...
Malaysian companies urged to reduce plastic use to clean oceans
The World Wide Fund for Nature (WWF) is urging the Malaysian government to work with companies to immediately come up with effective measures to...
Apple won’t hit revenue forecasts due to coronavirus
American multinational technology firm Apple said during the investor update that it will not meet its target earnings for March as its production and...
Thailand’s 5G auction raises over 100 billion baht
The National Broadcasting and Telecommunications Commission (NBTC) of Thailand has successfully concluded its 5G spectrum auctions on Sunday which raised a total of 100.52 billion baht...
Tesla plans to strengthen financial position by issuing more shares
American automaker Tesla announced that it would sell $2 billion of common stock in a new public offering in order to purchase another 15%,...
Nissan sues former chairman and seeks $91 million damages
Japanese auto giant Nissan Motor Co. has sued its former chairman Carlos Ghosn as it seeks $91 million (for ¥10 billion) in damages.
The civil...
Contractors to face charges over refurbishment of England’s Grenfell Tower
Several contractors and executives who are involved in the refurbishment of Grenfell Tower in London are scheduled to appear in court for possible fraud and...
Indian ridesharing giant launches in London
Ola, an Indian ride-hail company, began its operations in London on Monday as part of its continued expansion in the United Kingdom.
The firm, which...
Coronavirus hammered Hong Kong’s economy worse than protests
The trading in Hong Kong has been hit harder by the novel coronavirus compared to the six months of anti-government protests, according to financial...
Telemedicine owners charged in million dollars’ worth fraud scheme
The owners of telemedicine companies Advantage Choice Care and Tele Medcare were charged for allegedly masterminding a $56 million healthcare fraud scheme.
Reinaldo Wilson and...
Nintendo hit by coronavirus; production gets delayed
Japanese gaming giant Nintendo has confirmed feeling the heat of the novel coronavirus as it disrupts the production and deliveries of some of its...
Airbnb’s new booking rules punish Canadians under 25s
Short-term rental company Airbnb has seemingly set another punishment for young Canadians as it banned all individuals, aged 25 below, from booking whole properties...
Int’l law firm Appleby criticized over Paradise Papers leak
The previous decade was probably Appleby’s most miserable era as it was repeatedly criticized by monetary authorities and inspectors for fail regulations on terrorist...
UK’s software founder arrested for fraud charges
Mike Lynch, the former CEO of United Kingdom-based software company Autonomy, has been arrested over charges of fraud and conspiracy.
Reports said that the entrepreneur...
Bank exec barred by FED for involvement in Malaysian scandal
A senior executive of Goldman Sachs Group was permanently banned from working in the banking industry after he was found to have a role...
China’s TCL to stop release of BlackBerry phones
TCL communications announced that it will stop the production of BlackBerry devices beginning this August as the licensing agreement officially ends.
In 2016, the Chinese...
OPEC advances meeting to discuss oil price cuts amid coronavirus
Originally scheduled in March, the Organization of the Petroleum Exporting Countries and its allies decided to convene earlier to evaluate the sharp decline in oil...
Singapore revises residency scheme to attract more investors
The Government of Singapore has made it easier for high-performing businessmen and entrepreneurs to apply for the status of Permanent Residence (PR) following significant...
Global companies shut China operations to control virus
Despite the lack of direct instructions from the Chinese Government to halt business operations in the mainland, several international companies have taken initiatives to...
Pilots Association sues American airlines to stop China flights
The Allied Pilots Association (APA), a labor union representing American Airlines pilots, filed a lawsuit against the carrier to immediately halt US to China operations.
CBS...
Demand for Malaysian gloves soar as coronavirus spreads
The Malaysian Rubber Glove Manufacturers Association (MARGMA) said the global demand for their products has greatly increased following the outbreak of the novel coronavirus that...
Starbucks sales hit as 2,000 stores in China shut amid coronavirus
World’s largest coffee chain Starbucks closed more than 2,000 branches in China and became the first major American company to warn of sales hit...
Kobe Bryant merchandise sells out after tragic death
As thousands of fans worldwide mourn the loss of NBA legend Kobe Bryant; Lakers jerseys, Nike shoes and similar gears of the late superstar...
Chinese companies urge workers to ‘work from home’ to contain virus...
A number of businesses in China are encouraging their employees to maximize the longer holidays by staying at home or if necessary, just work...
Japanese postman faces criminal charge for keeping 24,000 mails at home
A 61-year-old former postman in Japan might be sentenced to three years imprisonment or be fined of about 500,000 yen ($4,600) after reportedly keeping...
Philippine Airlines provides free changes to China flights amid nCov
As the new strain of coronavirus continues to spread worldwide, the Philippine Airlines (PAL) announced that its passengers with booked tickets to some destinations...
2 Taiwanese electronic companies enter world’s top PC vendors
Taipei-based Acer Inc. and Asustek Computer Inc. once again made it to the list of the world’s top 10 computer manufacturers in terms of...
Auto companies struggle as China locks down “motor city”
Three automobile companies are among the businesses that were reportedly hit following the Chinese government’s decision to shut down Wuhan City which is the...
Huawei to get limited role in British 5G network
China’s telecommunication giant Huawei will only get a “limited role” in the United Kingdom’s future 5G network following the recommendation of British government officials.
The...
China’s new coronavirus hits global markets
"The cost to the global economy can be quite staggering in negative GDP terms if this outbreak reaches epidemic proportions."
Thus,
said Stephen Innes, an...
UN worries about unemployment of 470M people worldwide
The United Nations’ International Labor Organization (ILO) said it is really worried about the lack of decent jobs of nearly half a billion people...
Tesla to open first European Gigafactory in Germany
The American automotive company Tesla is set to build its first European Gigafactory near Berlin, Germany’s capital city.
Officially announcing the plan in November 2019,...
Philippines reopens businesses closed due to Taal volcano’s eruption
A week after Philippines’ Taal Volcano became active and spewed ashfall in several regions, lawmakers have finally allowed businesses in some affected areas,...
Philippines’ Jollibee continues overseas expansion after raising $600m from bond sale
Jollibee Foods Corporation, the Philippines’ largest fast-food operator, kicks off the year right by $600 million (P30.5 million) from its first ever issuance of perpetual...
Toyota invests $394 million in Californian taxi maker
Japanese auto giant Toyota has recently invested $394 million into the “flying taxi” of Joby Aviation—a Californian-based aerospace company. Toyota is set to manufacture a...
Cathay Pacific offers unpaid leave to staff amid financial loss
In an aim to cope with the financial damage caused by protests, Hong Kong’s Cathay Pacific Airways has offered up to one month of unpaid...
Pinterest surpasses Snapchat in the US after gaining 82m users
Based on the latest
estimates of eMarketer, Pinterest ended 2019 with a boom in the number of its
users that totaled to 82.4 million.
The market tracker...
Amazon authorizes sellers to use FedEx after lifting its ban
The E-commerce company Amazon announced that its third-party sellers can start using FedEx’s ground delivery as it has already lifted its ban that took...
Thai regulations hurdle Tesco’s sale of Asian assets
Tesco's plan to sell its Asian assets may face scrutiny due to the new anti-competition regulations imposed by the Thai government.
Sakon Varanyuwatana, chairman...
What to expect next as US-China trade deal gets inked
Investors across the globe can now expect a "fair and reciprocal trade" said US President Donald Trump as his country’s deal with China finally got...
Philippine Gov’t totally bans deployment of workers to Iraq
Amid escalating tensions in the Middle East, the Philippine Overseas Employment Administration (POEA) has imposed a total ban on the deployment of overseas Filipino...
Top investment manager says climate crisis could reshape finance
BlackRock’s CEO Larry Fink recently claimed that climate change could trigger a fundamental restructuring of finance as it is worse than the inflation spike...
India’s restriction on palm oil hurts Malaysian refiners
Refiners from Malaysia are expected to be greatly hit with India’s restriction on refined bleached deodorized oils and palm olein imports.
The Indian Ministry of...
Microsoft CEO’s comment on India’s Citizenship Law drew backlash
Speaking at a Microsoft event in New York, the company CEO Satya Nadella expressed his remarks on the new Citizenship Amendment Act (CAA) of...
India to investigate Amazon and Flipkart over alleged illegal discount practices
The Competition Commission of India (CCI) has launched a massive investigation into eCommerce giants Amazon and Flipkart who were allegedly involved in unethical anti-competitive...
Saudi maintains stable oil supply amid growing tensions
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said they are taking significant measures to sustain oil market stability and prices at a time...
British airline Flybe maintains operations amid collapse threat
The England-based airline Flybe has maintained normal flights despite media claims that it is currently in talks over emergency financing following huge losses.
It was...
Hong Kong’s financial sector unmoved by protests
Hong Kong's Chief Executive Carrie Lam said their city’s financial strength remains intact despite the month-long protests launched against the government that has also...
Britain’s oldest department store at closure risk
The 140-year-old department store Beales, one of Britain’s oldest, is at risk of closing its 22 stores if it fails to find a buyer...
Despite criticisms, Facebook maintains policy on political ads
Social media site Facebook announced that it would stick on its policy allowing political ads on its platform despite criticisms that politicians only use...
US and China vowed to resolve economic disputes through comprehensive dialogue
Apart from inking the Phase 1 trade deal between the United States and China on January 15, the two nations have also agreed to...
Philippines elevates ban on Japanese food imports
After almost ten years, the Philippines' Department of Foreign Affairs (DFA) announced that it has elevated restrictions on agricultural and seafood imports from Fukushima...
World stocks rise as Mid-East tensions wane
The world's stocks reached a record high with more market gains following the lower tensions in the Middle East.
Investors
have reportedly bet on faster global...
President Trump boasts US’ investment boom in Ohio rally
Speaking in front of thousands of supporters during a campaign rally held Thursday night in Toledo, Ohio, US President Donald Trump shared that his...
Tesla’s market value surpassed Ford’s and General Motors’
The market value of Californian automotive company Tesla has increased by 7%, surpassing that of Ford’s and General Motors’ combined worth.
For the first time,...
China’s new investment law: yay or nay?
The Chinese government on January 1 launched its new Foreign Investment Law (FIL) which allows it to further open its market and equalized the...
Furniture company IKEA to pay $46 Million settlement to family of...
Ikea, a European company that specializes in furniture and kitchen appliances, has agreed to pay an amount of $46 million to the family of...
TV makers stun CES 2020 with super HD units
Televisions will no longer just be viewing appliances as TV manufacturing giants showcased super high definition models that can serve as hubs to control...
Australia’s bushfires hit businesses leading to more than $2 billion economic...
Several companies in Australia, including resorts, factories and insurance firms, have been reportedly hit as the summer’s devastating bushfires continue to rage.
With
fires ripping through...
Prices of crude oil soar after Iran’s missile attacks on US...
The prices of crude oil increased to $65.65 equivalent to 4.5% per barrel in Asian trade while global stock prices fell down.
Reports
claim that these...
Money trader Travelex down after getting victimized by cyberattack
The London-based foreign exchange company ‘Travelex’ was forced to shut down its online systems across the globe after falling into cyber traps on New...
Hyundai to produce flying taxis for Uber
Hyundai Motor Company is set to produce flying cars for ride-hailing giant Uber as part of the latter’s aim to provide air taxis by...
A “Prototype City of the Future” will rise in Japan, says...
Toyota Motor Corporation, a Japan-based multinational automotive manufacturer, recently shared the good news of transforming a 175-acre former car factory into a “Prototype City of...
US-Iran tensions put world market on edge
"The new year has started with a bang in so far as volatility is concerned."
Thus, said technical analyst Fawad Razaqzada at Forex.com noting
that the...
UK gov’t denies claims about overpriced HS2 railways
The Government of the United Kingdom downgraded Deputy Chair Lord Berkeley’s claims that the development of the High Speed 2 (HS2) project has an...
UK’s Clydesdale and Yorkshire Banks hit due to customers’ wage delays
British banks Clydesdale and Yorkshire are currently in hot water following complaints over errors in customers’ salaries and payments.
The patrons of the two banks
took their...
Emirati app ‘Totok’ returns to Google Play Store after spying charges
The Middle East’s messaging application called “Totok” is again available for download at the Google Play Store following the denial of spying accusations against...
Amazon employees warned of being fired for speaking out environmental issues
Multinational tech company Amazon allegedly threatened to fire some employees who spoke out negatively about its environmental policies.
This was claimed by Amazon Employees for
Climate...
China’s Ant Financial applies for banking license in Singapore, joining Grab...
Shortly after Razer and Grab, world’s highest-valued FinTech company “Ant Financial” applied for a digital wholesale banking license in Singapore in its aim to promote...
Volkswagen eyes settlement with customers over ‘dieselgate’ scandal
Germany's largest car company Volkswagen has confirmed entering a discussion with the Federation of German Consumer Organisations or Verbraucherzentrale Bundesverband (VZBV) for possible settlement...
Microsoft claims mimic websites from North Korean hack group
Microsoft was
delighted to announce that it had taken control over 50 websites that were
operated by a hack group in North Korea.
This
after the American technology...
Smart tech maker Wyze admits leak of customer data
US-based smart home technology
company Wyze Labs Inc. has confirmed the leakage of databases of its millions
of customers.
The leak was first reported by
Twelve Security, a...
Electric car maker Tesla secures billion-worth loan to finance Shanghai Gigafactory
Tesla Inc., has confirmed
entering into agreements with Chinese lenders for a secured term loan facility
of up to 9 billion yuan ($1.29 billion) in order...
Court rules Turkey’s Wikipedia block as unconstitutional
The high court of Turkey has
ruled that the government’s two-year-old ban on Wikipedia is unconstitutional.
Following a 10-6 vote in favor
of the multilingual online encyclopedia,...
Media network CNN says Amazon sells fake and dangerous kids’ products
American news-based pay
television channel CNN published an article entitled “Fake and dangerous
kids’ products are turning up for sale on Amazon” citing a 4 in 1...
Uber co-founder Travis Kalanick to resign from ride-hailing giant board
Uber’s co-founder and former
CEO Travis Kalanick is set to step down from the board of directors of the
world’s largest ride-hailing company effective December 31.
Kalanick...
Global stock markets slip on Christmas Eve
With numerous major global markets
closed for Christmas, the equity markets across the globe mostly slipped in a subdued
trading held few hours before the 25th....
Chinese supplier of Tesco claims prison labor allegations untrue
"This
is completely fabricated and slander. We have never established any commercial
relationship with Qingpu prison."
Thus, said General Manager Lu Yunbiao of Zhejiang Yunguang Printing, the...
British grocery chain Tesco ends production at Chinese factory over forced...
Tesco, a U.K.-based grocery chain, has stopped its production of Christmas cards at a Chinese factory following claims of alleged prison labor.
According to reports,...
Robocash’s license revoked for operating unauthorized branches—SEC
The Securities
and Exchange Commission (SEC) of the Philippines revoked the license of Robocash Finance
Corporation for running several branches that are not approved by the authorities.
Robocash...
Bank of England presscon hacked, hedge funds benefited
The Bank of England’s security was breached as an audio of its press conference got hacked and was accessed by high-speed traders, minutes before...
“Smear campaign” against Emirati products shut by Dubai
The Dubai Media Office (DMO) has forcefully shut what it considered as a systematic smear campaign against products that were manufactured at the Jebel...
Payroll firm probed for hiding tax payments
Another financial sector is under fire for its own financial scandal. The payroll processing industry is being investigated by federal regulations for withholding tax...
HSBC Bank in shaky relationship with Chinese Government
HSBC bank is in trouble with the Chinese government after it was learned they turned over documents to the US government in its prosecution...
Sweden’s largest pension fund calls on governance code amendments to reflect...
Sweden’s largest pension fund "Alecta," through its chief executive Magnus Billing, wants the corporate governance code to reflect meaningful corporate cultures and strong values.The...
RAM Ponzi victims go after New Zealand ANZ Bank
Victims of the Ross Asset Management ponzi scheme have been
given the green light to pursue a mutli-million-dollar lawsuit against New
Zealand ANZ Bank by the...
Still no boss for Wells Fargo Bank
Wells Fargo & Co. Bank is in a quagmire as to who will
they chose the new CEO of their bank. With the abrupt leaving...
Two more international banks tied to Huawei technologies case
The US Citigroup Inc. and French bank BNP Paribas were reportedly involved in the escalating trade war of the US and China.
The recently released...
European Raiffeisen Bank International and Danske Bank investigated for money laundering
The continuing bank scandal that hit Deustche Bank has now
expanded to two more European banks. Austria Raiffeisen Bank International
Estonian branch and Denmark’s Danske Bank...
Deutsche Bank fights to get back image
Deutsche Bank is trying to rebuild its banking reputation by
removing itself from investment banking and revamping its corporate division in
improving present business relationships and...
AI to combat money laundering
People tend to think Artificial Intelligence is a robot with
arms and legs that think like humans or like Skynet in the Terminator movies
bent on...
Hongkong banks sent out ads calling for calm
The protests in Hongkong are having a negative effect on the
tourism and economy that local banks have placed full-page ads in newspapers
imploring the restoration...
