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Priority Sun Times coverage of breaking news and current headlines in Asia and around the world. Top stories, photos, videos, detailed analysis and in-depth reporting.

 

Jiuzhang Quantum Computing Device Achieves Breakthrough in AI Speed

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Jiuzhang Quantum Computing Device Achieves Breakthrough in AI Speed Jiuzhang, a quantum computing device developed by scientists in China, has achieved a significant breakthrough...

UK Prime Minister Rishi Sunak Meets with President Biden in Historic...

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The Oval Office Meeting: UK Prime Minister Rishi Sunak Meets President Biden In the historic Oval Office of The White House, UK Prime Minister Rishi...

Industrial Shares Show Strength in Broadening Stock Market Rally | Stay...

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Industrial Shares Show Strength in Broadening Stock Market Rally Industrial shares are exhibiting remarkable strength, signaling a broadening stock market rally that is capturing analysts'...

Explosive Scandal Engulfs YNH: Directors’ Unethical Profiteering and Mammoth Debt Cover-Up...

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An explosive scandal hits YNH as damning evidence exposes directors for profiteering and a debt cover-up. Unearthed details shed light on the misuse of company funds, dubious transactions, and the concealment of a colossal debt amounting to RM 239.5 million, which has led to massive losses

Explosive Lawsuit Targets YNH Property Directors for RM 1 Billion Embezzlement...

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Minority shareholders of YNH Property Bhd are gathering to file a representative action lawsuit against the company's directors and officers for alleged fraudulent activities and embezzlement schemes involving over RM 1 billion. This legal action highlights the importance of corporate transparency and accountability.

Security Commission Malaysia Opens Active File to Investigate Rapid Synergy Berhad’s...

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Securities Commission Malaysia has initiated an investigation into Rapid Synergy Berhad's YU Syndicate for potential breaches of the Capital Markets and Services Act 2007 and Rules on Take-overs, Mergers, and Compulsory Acquisitions, aiming to protect minority shareholders and the company's assets.

PETRONAS inks MoU with Philippines’ Phoenix Petroleum

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KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream...

Bursa Malaysia inks collaboration with UMW, Maybank to roll out centralised...

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Bursa Malaysia Bhd, UMW Corp Sdn Bhd, and Malayan Banking Bhd (Maybank) have agreed to work together. Under a memorandum of understanding to develop...

ECB hawks press case for more rate hikes to fight inflation

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Two prominent hawks on the European Central Bank’s (ECB) policymaking Governing Council predict that the bank will likely need to hike interest rates further....

Germany, Japan seek economic cooperation

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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

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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

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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...

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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

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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

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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...

How Yu Kuan Chon’s Underhanded Tactics Failed in Securities Firm Acquisitions

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Excerpt: Yu Kuan Chon's failed attempts to acquire a Malaysian securities firm using deceitful tactics and proxies reveal the potential dangers of allowing untrustworthy individuals to control securities firms, highlighting the importance of regulatory vigilance and investor caution.

TM, ZTE Malaysia team up to build hybrid cloud 5G core...

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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

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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

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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

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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

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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:...

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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...

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In the first two months of 2023, Vietnam committed $3.1 billion in total foreign direct investment. This is a 38% decrease from the same...

MBSB Bank, Prec ink pact to drive cashless business transactions among...

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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

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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...

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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...

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Dated Brent prices are expected to remain relatively flat in the first half of 2023. On ample inventories despite persistent supply risks. With an...

Rapid Synergy Director Accused of Fraudulent Misrepresentation

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Allegations of fraudulent misrepresentation against Rapid Synergy Bhd's Yu Kuan Chon and Yu Kuan Huat raise concerns over compliance with regulations protecting minority shareholders and fair trading practices in Malaysia.

New Russian offensive underway in Ukraine, says NATO

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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

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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...

Malaysia not going into recession, growth set to continue in 2023:...

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Malaysia is unlikely to enter a recession this year. According to Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus, as strong domestic...

YNH Property Directors Siphon RM1 Billion into the Yu Syndicate

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YNH Property Bhd's directors are accused of siphoning over RM1 billion into the Yu Syndicate through multiple joint ventures, putting the company in a desperate financial situation. Authorities must investigate the money trail and tax ramifications of these actions.

US forces returning to Philippines to counter China threats

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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

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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

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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

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KYIV, Ukraine: Leading representatives of the European Union arrived in Kyiv. For talks with Ukrainian authorities as rescue workers combed through the debris of...

International trade rises as commerce ministry lays out 2023 plans

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Combodia: According to Pan Sorasak, minister of commerce, “in-depth reforms in all areas,” “improved export competitiveness. ” And an increasingly favorable business and investment...

US accuses Russia of endangering nuclear arms control treaty

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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...

China investment will boost green economy in Malaysia, says biz leader

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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...

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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

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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

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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...

Indonesia’s Asean presidency to focus on economic growth, says senior minister...

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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...

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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...

Hong Kong’s Cathay Pacific flags up to US$893.77 million loss in...

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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

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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

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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...

EU faces big subsidy rift before facing US

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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...

Global food prices in 2022 hit record high amid drought, war

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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

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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...

Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul

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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

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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 to mobilise RM47bil for Asean investments

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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...

EU approves new sanctions against Russia over Ukraine war

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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

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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

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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

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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

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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.

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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.

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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

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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

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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...

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As a result of OPEC+ countries maintaining their output objectives in advance of a European Union ban. The start of a price restriction on...

RHB Bank on course to meet KPI targets

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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

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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%...

Bank Negara issues exposure draft on licensing and regulatory framework for...

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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 parliament...

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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

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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...

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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

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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

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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...

Manipulative and False trading activities Exposed at YNH Property and Rapid...

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Market manipulation and false trading activities in YNH Property and Rapid Synergy revealed, with three Malaysian Market Makers sanctioned and fined by Bursa Malaysia.

Brunei gets top ranking for business regulation from top international economic...

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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

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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

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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

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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

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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

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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

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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

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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...

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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

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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

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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...

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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...

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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

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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

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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

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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

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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...

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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

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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

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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 approves $800M in new military assistance for Ukraine

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WASHINGTON USA: In anticipation of a new Russian offensive in eastern Ukraine, President Joe Biden approved an $800 million package of military assistance. Including...

Finland, Sweden move ahead toward possible NATO membership

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HELSINKI Finland: European Union nations Finland and Sweden reached important stages. On their way to possible NATO membership. As the Finnish government issued a...

Japan, US hold navy drills off Koreas amid nuke test worry

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TOKYO Japan: U.S. and Japanese warships, led by the USS Abraham Lincoln carrier strike group. Is conducting their joint naval exercise in waters between...

Police focus on van renter in Brooklyn subway shooting probe

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NEW YORK USA: A gunman wearing a gas mask set off smoke grenades and fired a barrage of bullets inside a rush-hour subway train...

Biden waiving the ethanol rule in a bid to lower gasoline...

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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...

Hundreds Of thousands hit Pakistani streets to protest Imran Khan’s ouster

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Pakistan: Huge rallies were held in cities across the South Asian country in favor of the ex-premier and against "foreign interference." A day after...

Poland-Ukraine ties seen as a target of Russian disinformation

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WARSAW, Poland: Days before Poland’s Independence Day in November, vandals painted the blue-and-yellow colors of the Ukrainian flag on monuments in Krakow. The vandalism,...

Biden, Modi to speak as US presses for a hard line...

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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

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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...

The US doubts the new Russian war chief can end Moscow’s...

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WASHINGTON USA: Russia has tapped a new Ukraine war commander to take centralized control of the next phase of the battle. After its costly...

SpaceX launches 3 visitors to the space station for $55M each

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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

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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

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The European Union nations have agreed to ban Russian coal the first sanctions on the vital energy industry over the war in Ukraine. But...

UN assembly suspends Russia from top human rights body

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UNITED NATIONS: The U.N. General Assembly voted to suspend Russia from the world organization’s leading human rights body. Over allegations of horrific rights violations...

Congress votes to suspend Russia’s trade status, enact an oil ban

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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.

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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.

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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...

Mariupol’s dead put at 5,000 as Ukraine braces in the east.

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ANDRIIVKA, Ukraine: The mayor of the besieged port city of Mariupol put the number of civilians killed there at more than 5,000. As Ukraine...

The US hits Russia with ‘war crimes’ sanctions, Europe following.

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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.

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SINGAPORE: Asia is pumping billions of dollars into new gas infrastructure. Making the region pivotal in a debate over the role of fossil fuels...

Wins for pro-Putin leaders buttress autocracies in Europe.

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BUDAPEST, Hungary: After two nationalist European strongmen won overwhelming victories in elections on Sunday. One of the first foreign leaders to congratulate both were...

Guyana OKs Exxon’s $10B Yellowtail offshore oil project.

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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.

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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...

Russia faces global outrage over bodies in Ukraine’s streets.

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BUCHA, Ukraine: Moscow faced global revulsion and accusations of war crimes. After Russian pullout from the outskirts of Kyiv revealed streets strewn with corpses...

WHO says 99% of the world’s population breathes poor-quality air.

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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...

Ukraine accuses Russia of the massacre, a city strewn with bodies.

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BUCHA, Ukraine: Bodies with bound hands, close-range gunshot wounds, and signs of torture lay scattered in a city on the outskirts of Kyiv. After...

Secret intelligence has an unusually public role in the Ukraine war.

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LONDON UK: The war in Ukraine is the conflict where spies came in from the cold and took center stage. Since Russia invaded its neighbor...

Lithuania cuts off Russian gas imports and urges the EU to...

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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...

Ukrainian forces retake areas near Kyiv amid fear of traps.

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KYIV, Ukraine: Ukrainian troops moved cautiously to retake territory north of the country’s capital on Saturday using cables. To pull the bodies of civilians...

Russian space chief: Sanctions could imperil space station.

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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,...

Fire and Rain: West to get more one-two extreme climate hits.

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The one-two punch of nasty wildfires followed by heavy downpours triggering flooding and mudslides will strike the U.S. West far more often in a...

Pakistan Prime Minister Imran Khan protests to the U.S. about alleged...

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ISLAMABAD, Pakistan: Pakistan Prime Minister Imran Khan said his government handed an official protest to the U.S. embassy on Friday over what it called...

European inflation soars to a record 7.5% on fuel, food costs.

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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.

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While Rhode Island is trying to reduce greenhouse gas emissions and set an example for other states environmental officials said Friday that emissions were...

Cyberattack in Ukraine war affected thousands across Europe.

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A cyberattack targeting a satellite network used by Ukraine’s government and military agencies shortly after Russia’s invasion also knocked offline tens of thousands of...

Poland to end Russian oil imports; Germany warns on gas.

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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

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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....

Activists stage global climate protest, slam Ukraine war.

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Berlin Germany: Climate activists staged the 10th series of worldwide protests. To demand that leaders take stronger action against global warming. With some linking...

Russians shift focus from Kyiv, scaling back goals in war?

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WASHINGTON USA: Russian forces in Ukraine seem to have shifted their focus from a ground offensive aimed at Kyiv the capital. Instead, prioritize what...

Ukraine war drives the US, EU deal to undercut Russian energy

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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

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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.

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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.

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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.

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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...

Ukraine reports 300 dead in airstrike on Mariupol theater

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KYIV, Ukraine: About 300 people were killed in the Russian airstrike last week on a Mariupol theater that was being used as a shelter....

Singapore core inflation cools while acceleration risks loom

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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

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NEW YORK USA: Russia plans to reopen its stock market for limited trading. Nearly one month after shares plunged and the exchange was shut...

Poland orders expulsion of 45 Russians suspected of spying.

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WARSAW, Poland: Poland ordered the expulsion of 45 Russians whom the government identified as intelligence officers. Using their diplomatic status as cover to operate...

Putin wants ‘unfriendly countries’ to pay rubles for gas.

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MOSCOW Russia: President Vladimir Putin announced that Russia will demand that “unfriendly″ countries pay for Russian natural gas exports only in rubles from now...

NATO, in Arctic training drills, faces up to Putin’s ‘unpredictable’ Russia.

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BARDUFOSS, Norway: NATO must face a Russian adversary that is more unpredictable and ready to take greater risks to project power in Europe. A...

UK inflation hits a 30-year high of 6.2% as Sunak readies...

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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...

‘No mercy’: Mariupol bombing compared to Nazi war crimes.

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MEDYKA, Poland: The president of Poland compared Russia’s attacks on Ukraine to Nazi forces during World War II. Saying that besieged Mariupol looks like...

Trudeau reaches deal to keep his party in power till 2025

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Toronto Canada: Prime Minister Justin Trudeau said his Liberal Party has reached an agreement with the opposition New Democratic Party. That would keep his...

Ukraine war imperils wheat, but farmers are in no rush to...

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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.

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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

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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.

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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.

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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...

‘No city anymore’: Mariupol survivors take train to safety.

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LVIV, Ukraine: The heat on the train was as thick as the anxiety. Ukrainian survivors of one of the most brutal sieges in modern...

Boris Johnson: Russian win would bring ‘age of intimidation’

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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.

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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.

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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.

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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...

Amazon closes $8.5B deal to acquire Hollywood studio MGM.

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Amazon announced it has closed its acquisition of Hollywood studio MGM. Two days after European regulators said the deal “would not significantly reduce competition”...

Intel unveils $88B chipmaking expansion plan for Europe.

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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.

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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.

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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

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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.

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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,...

EU and UK hit Russia with wider sanctions that target luxury

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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...

Asia stocks extend losses as Ukraine war, China’s Covid-19 surge hit...

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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...

War censorship exposes Putin’s leaky internet controls

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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...

Refugee exodus reaches 2.8 million as Russian strikes hit west Ukraine

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KRAKOW, Poland/ISACCEA, Romania: Thousands of people crossed into eastern Europe after Russia attacked a Ukrainian base near the border with NATO-member Poland. The number of...

Tens of thousands protest in Berlin against the war in Ukraine

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BERLIN, March 13: Up to 30,000 men, women, and children joined an anti-war demonstration in central Berlin on Sunday, with many waving Ukrainian flags...

Russian airstrike hits base in western Ukraine kills 35 several injured.

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LVIV, Ukraine:  Ukrainian authorities said Russian missiles pounded a military training base near Ukraine’s western border with NATO member Poland, killing 35 people. The...

UN warned War in Ukraine to hurt poor nations importing grain.

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ROME: U.N. food agency warned that Poorer countries in northern Africa, Asia, and the Middle East risk suffering significant food insecurity because of Russia’s...

Russian strikes hit western Ukraine as offensive widens

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LVIV, Ukraine: Russia widened its military offensive in Ukraine on Friday, striking airfields in the west and an industrial city in the east. A...

World Bank official says war-driven oil price hikes to slash growth...

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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.

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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.

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BARCELONA, Spain: The Russian tanks and missiles besieging Ukraine are threatening the food supply and livelihoods of people in Europe, Africa, and Asia. Who...

Indian food delivery startup raises funds as it eyes expansion

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Swiggy, India's largest online food ordering and delivery platform, announced that it plans to expand to new businesses after it bagged additional $43 million in...

Taiwan bans use of Zoom in government conferences

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The Taiwanese government has instructed all public agencies to stop the use of zoom in video conferencing after it was revealed that the app’s...

Israel provides free tech lesson to senior citizens amid coronavirus isolation

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Technology innovators in Israel help elderly people to overcome social isolation by establishing free online lessons on how they can communicate with their loved...

Luckin Coffee fraud scandal tarnishes China’s corporate image

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Instead of helping China’s business sector thrive, the Xiamen-headquartered coffee chain has threatened to shut the gates of foreign investments to the country, according...

Apple’s acquisition of weather app Dark Sky is sad news for...

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The popular weather predicting app Dark Sky announced in a blog post on Tuesday that it has been acquired by Apple, noting that it...

Japanese tech giant Softbank launches 5G service

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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...

A New War? China cuts emergency medical supply orders, blocking...

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The world’s two largest economies seem to be engaged in another battle, this time it’s not about trading, but about the purchase and delivery...

Qatar Airways seeks government aid to keep flying

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Several airlines have already suspended operations amid the travel restrictions imposed due to the coronavirus pandemic, but Qatar Airways said it continues to operate...

“Coronavirus is China’s fault,” say global officials

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The uncontrollable spread of the coronavirus infections has resulted to a global shock, with stock markets tumbling, businesses shutting, supply chains closing, food and...

Airline traffic in Asia plunged in February due to coronavirus

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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...

Global authorities warn of fraud and scam amid coronavirus pandemic

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International law enforcement agencies are encouraging the public to be more vigilant as scammers and fraudsters take advantage of the coronavirus pandemic to prey...

Australia wards off recession through $11 billion stimulus package

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The Government of Australia has recently unveiled a stimulus package worth $11.4 billion (A$17.6 billion) designed to curb recession due to the economic impact...

Vietnamese government want to begin construction of new international airport this...

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The Vietnamese government plans to speed up the disbursement and site clearance processes in order to commence the first construction phase of a new...

Singapore to issue “stop-work order” to companies that do not allow...

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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

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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...

Filipino-Chinese businessman arrested for “pandemic profiteering”

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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...

Australia pledges additional $80 billion coronavirus stimulus to rescue jobs

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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...

Google offers $340 million in Ads credits to help small businesses

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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

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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...

Gaming giant Minecraft offers free educational lessons amid coronavirus lockdown

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With more and more schools worldwide being shut as part of the governments’ efforts to contain the coronavirus, the Western game Minecraft is offering...

India imposes world’s largest coronavirus lockdown

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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...

Another pandemic? Fears grow as China reports case of Hantavirus

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The English-language Chinese news outlet Global Times reported on Monday that a man in Yunnan, China died and tested positive for a hantavirus. This has...

Global markets rise as US nears trillion-dollars’ worth stimulus package

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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

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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...

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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

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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...

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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

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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

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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

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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...

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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

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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...

Internet speed slows down globally due to coronavirus

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Billions of people around the world have been raising concerns over the limitations of internet speed, connectivity and capacity amid the coronavirus pandemic. The growing...

Gas station owner charged for $500M fraud scheme

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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

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As millions of people around the globe are urged to stay indoors to halt the spread of the coronavirus pandemic, American e commerce giant...

Filipinos struggle amid coronavirus quarantine

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Effective March 16, the Philippines’ largest island, Luzon, has been placed under “enhanced community quarantine” as the government grapples to contain the fast spreading...

Malaysians brace for economic and social impacts of lockdown

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In Malaysia, more than 32 million people will be confined to their homes beginning March 18 as the government’s nationwide lockdown takes effect following...

Filipinos raise concerns over ‘enhanced community quarantine’ amid coronavirus

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Philippine President Rodrigo Duterte intensified the government’s efforts to contain the coronavirus outbreak by placing the entire Luzon island under “enhanced community quarantine” effective...

Global stock markets stumble as coronavirus pandemic spreads

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Not long enough after the 2008 global financial crisis, the world was rocked anew as the stock markets in different countries have plummeted due...

Japan and South Korea to continue discussions over export controls

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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

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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

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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

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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

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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

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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

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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

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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

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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...

Philippine government releases list of coronavirus-related travel bans affecting the country

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As the number of confirmed coronavirus cases in the Philippines continues to rise, the national government has reiterated the travel restrictions it has imposed...

Dutch brewer Heineken invests US$183 million for Brazil plant expansion

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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...

Philippines declares health emergency, cancels public events amid coronavirus

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Philippine President Rodrigo Duterte declared a “state of public health emergency” on Monday as the Coronavirus Disease 2019 (COVID-19) started spreading in the country’s...

Founder of India’s Yes Bank faces money laundering charges

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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....

Oil price plunges as Saudi Arabia retaliates with Russia

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The prices of oil fell sharply on Monday following Saudi Arabia’s launch of price war against Russia which is reportedly unwilling to cut its...

Toyota recalls 3 million vehicles due to fuel pump issues

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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 has recently recalled 1.2 million line-ups of its namesake as well as Lexus models in the United States. The vehicles include cars, minivans, SUVs and trucks which have fuel pumps […]

Global airlines brace for $113 billion revenue hit from coronavirus

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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 losses in sales could reach up to $113 billion if Coronavirus Disease 2019 (COVID-19) continues to spread. This amount is way too high from what IATA previously expected in lost […]

Cathay Pacific to pay almost $1M fine over passengers’ data leak

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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 the carrier failed to protect the details of 9.4 million people as their names, passport details, dates of birth, phone numbers, addresses and travel history were leaked in the company’s […]

Japanese drugmaker strives to develop coronavirus treatment

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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 kind of “plasma-derived therapy” that has been proven to cure severe acute viral respiratory infections and might as well be effective for the Coronavirus Disease 2019 (COVID-19). The researchers said […]

Nestle boosts reforestation in Americas to reduce carbon footprint

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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 reforestation initiative to help combat climate change. This serves as the first phase of the company’s plan to boost agricultural and environmental actions for the attainment of carbon neutrality by 2050. […]

Fears on global medicine shortage grow as coronavirus hit supply chains

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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 is the world’s largest maker of drug ingredients and particularly supplies those used for treating diabetes, blood pressure, headaches and fevers. With this, the Government of India has limited the […]

Ex-Microsoft Engineer face fraud charges

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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 U.S. Department of Justice (DOJ) said that the conviction covers 18 federal felonies which include five (5) counts of wire fraud, six (6) counts of money laundering, two (2) counts […]

Mobile games download spike amid coronavirus quarantine

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The demand for mobile games has surged as millions of people in China are quarantined and stuck indoors amid fears of the spreading coronavirus that has now claimed more than 3,000 lives. Application analysts reported that the global mobile game downloads jumped to 39% for the month of February. The mainland accounted for a huge […]

Macau casinos’ revenue fell 88% due to COVID-19

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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 monthly downturn. For the month of February, Macau casinos’ revenue dropped by 88%, compared with the same period last year, due to a 15-day forced shutdown in efforts to contain the […]

Amazon blocks millions of products for price gouging, misleading claims about...

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More than a million products were barred by online retail giant Amazon for charging much higher prices and making false claims that they can help cure the Coronavirus Disease 2019 (COVID-19). The company spokesperson firmly said that “There is no place for Price Gouging on Amazon” after it deleted face masks, respirators and other health […]

Apple will pay $500M in iPhone-throttling settlement

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United States’ technology giant Apple has agreed to pay up to half a billion dollars to settle litigation claiming that it slowed down old models of iPhones to compel users to upgrade. Based on reports, Apple is required by the US District court to pay consumers an amount of $25 per affected device, totaling to […]

Asian markets surge as central banks signal support

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Share prices in Asia got an unexpected boost following the commitment of the Bank of Japan and the U.S. Federal Reserve to help protect markets from the damaging impact of the coronavirus. The Asian markets reversed early losses as investors put their hopes on a harmonized global monetary policy response. BOJ Governor Haruhiko Kuroda, in a rare […]

2 South Korean electronics giants close plants due to virus cases

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Samsung Electronics Co., Ltd. and LG Innotek have separately announced the temporary closure of their manufacturing plants in South Korea after workers tested positive for the coronavirus disease 2019 (COVID-2019). In a company statement, Samsung said that it’s Gumi factory will be closed until Sunday evening as they take all necessary measures, including disinfection, after […]

Carmakers focus on selling online to cope with virus impact

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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 plants and factories were shut down to contain the outbreak, hardly hitting the sales of automobile industries. While people in the mainland choose to stay indoors and stay away from […]

IMF, World bank express readiness to lend amid virus crisis

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The International Monetary Fund (IMF) and the World Bank have already developed contingency plans to be able to provide funding to the global fight against the coronavirus (COVID-19). IMF spokesman Gerry Rice said that the institutions are willing to lend capital should any state government requests for assistance. “We have various financial instruments that could […]

Facebook files lawsuit against marketing firm for illegal access of users’...

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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 filed a federal lawsuit against the New Jersey-based firm which allegedly hired developers to install malicious software development kit, or SDK, in their apps to exploit the “login with Facebook” […]

Tech giant Apple to open first store in India next year

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Apple has been given the green light to open its first Indian store by 2021 after it received a special approval from the Government of India. The tech giant’s CEO, Tim Cook, personally made this announcement during the annual shareholders’ meeting, noting that Indian officials allowed the company to expand in their country even without […]

Disney shares drop after company announced CEO replacement

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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 trading. Reuters reported that this was due to growing concerns whether newly elected top executive Bob Chapek’s experiences are sufficient to handle the media-entertainment powerhouse. “Bob Chapek has less (content experience), […]

Singapore companies cushion virus impact by imposing hiring, pay freeze

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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 developer CapitaLand announced that it will suspend giving wages to employees at the managerial level and above. While its board members and senior management will take up to 15% pay […]

Philippines stocks plunge deepest since 2016 due to coronavirus

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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 Exchange Index plunged 4.3 % on Wednesday trading, tumbling the most since January 2016. The Bankers’ Association of the Philippines also said that the peso succumbed to the dollar, finishing […]

US drugmaker Moderna submits coronavirus vaccine for testing

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After only six weeks of immunization development, biotech firm Moderna Inc. has shipped the first batch of its experimental coronavirus vaccine to the National Institute of Allergy and Infectious Diseases (NIAID) of the United States. The vaccine, called mRNA-1273, is said to be the first vaccine that will be used by American researchers in a […]

Disney’s CEO steps down, company insider to assume top post

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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 service. Bob Chapek, a 27-year veteran of Disney, has been elected as the new CEO by the company’s board. While Iger will assume the role of executive chairman and will direct the […]

Norwegian oil giant cancels plan to drill in Great Australian Bight

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Equinor, a Norwegian multinational energy company, announced that it has abandoned its plan to drill for oil in the Great Australian Bight for reasons that it is “not commercially competitive.” The oil and gas giant was given a green light to start its exploratory drills, at a depth of 2.5 kilometers in South Australia’s coastline, […]

Philippines deports 9 Japanese fraud suspects

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Nine Japanese nationals who are wanted for telecommunications fraud were deported Monday by the Bureau of Immigration (BI) of the Philippines. The suspects, according to the Business World, were identified as Irie Dai, Ishii Kyogo, Hamaoka Kantaro, Maeyama Takuto, Tanaka Kazuya, Yoshida Takeshi, Murata Seiichi, Kouki Shouji, and Imizumi Ryo. Media reports said that the […]

South Korea faces economic difficulty as virus cases climb

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From only 31 cases on February 18, South Korea has confirmed a sudden increase in its coronavirus cases that reached 833 as of Monday afternoon. The government over the weekend declared that the virus alert has been raised to its highest level and intensified quarantine measures to contain the virus spread. Aside from human infection, South […]

India’s travel ban on Singapore threatens tourism

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The Government of India added Singapore to its travel ban list to control the deadly coronavirus outbreak. On Saturday, India released a travel advisory asking citizens to avoid non-essential travel to Singapore. Analysts say that the new advisory will restrain tourist inflow into Singapore considering that India is among its top sources of international visitors. […]

Honda to halt production in the Philippines, leaving 400 Filipinos jobless

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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 distribution of resources.” “As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI (Honda Cars Philippines […]

Japan’s auto industry forms task force vs COVID-19

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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 country’s automotive industry. The COVID-19 brought wide-ranging impact on the said industry with the extended closure of auto plants in China, including Japanese manufacturers like Honda, Mazda, Mitsubishi and Toyota. According […]

Indonesian bank trims rates to head off coronavirus impact

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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 hammers the country’s travel, tourism and trade industries. Although Indonesia has not reported any confirmed case of the deadly virus, officials are worried about the fallout from the epidemic. The closure […]

Japanese couple who operated an educational institution sentenced to prison for...

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Yasunori Kagoike, the former head of a Japanese institution named Moritomo Gakuen, and his wife, Junko, were found guilty of defrauding the central and local governments. The couple had been indicted for receiving public subsidies worth ¥56.4 million from the national government for the construction of an elementary school in Toyonaka, Osaka Prefecture between 2016 […]

Malaysian fugitive Jho Low spotted in virus-hit Wuhan

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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, we did receive intelligence that he was active in Wuhan,” said Inspector-General of Police Abdul Hamid Bador. Low is wanted for his huge role in a massive graft scandal, siphoning […]

Huawei’s lawsuit challenging US purchase ban rejected

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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...

Malaysian manufacturers of hygiene products struggle to meet surging demand amid...

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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, which has now claimed more than 2,000 lives in China. Channel News Asia reported that local manufacturers of sanitizing products could not produce the expected demand because they lack materials which […]

Uninfected passengers disembark from virus-hit ship in Japan

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Around 500 passengers of the cruise ship Diamond Princess who tested negative and showed no symptoms of coronavirus infection were allowed to leave on Wednesday. They were...

Philippine Airlines appoints new president, raises capital stock by 130%

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The flag carrier airline of the Philippines announced that it will now be controlled by Lucio Tan as he was recently appointed as the...

India emerged as 5th world’s largest economy with $2.94 trillion GDP

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US-based World Population Review announced that India claimed the fifth position in the world’s largest economy rankings for 2019, surpassing the United Kingdom and...

Malaysian companies urged to reduce plastic use to clean oceans

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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

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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

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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...

China to destroy banknotes from coronavirus-hit areas

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All paper currency from hospitals, markets, and buses in some regions of China that have been hard hit by the coronavirus, officially named Covid-19,...

Tesla plans to strengthen financial position by issuing more shares

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American automaker Tesla announced that it would sell $2 billion of common stock in a new public offering in order to purchase another 15%,...

3 Filipino church leaders accused of fraud and trafficking in US

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Three top administrators of a Philippine-based church were indicted by an American federal grand jury for alleged immigration fraud and labor trafficking. Guia Cabactulan, Marissa...

Nissan sues former chairman and seeks $91 million damages

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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...

Experts blame China for uncontrolled rise in coronavirus deaths

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The coronavirus death toll and diagnoses continue to increase daily, and experts say that this is fueled by China’s lack of control measures, suppression of...

Philippines’ credit rating gets upgrade due to “strong economy”

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American credit watcher Fitch Ratings was impressed with the “very strong” macroeconomic story of the Philippines and gave it an upgraded outlook. The Philippines is...

Contractors to face charges over refurbishment of England’s Grenfell Tower

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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...

WHO rejects Chinese researchers’ suggestion to prolong virus incubation period

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The World Health Organization (WHO) clarified that there will be no change in its recommendation of the 14-day quarantine period for the novel coronavirus...

New coronavirus surpasses SARS death toll; experts reiterate prevention tips

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At least 1,016 people in mainland China were reportedly killed by the novel coronavirus as of February 11. The figures clearly show that nCov...

Indian ridesharing giant launches in London

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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...

Thailand weeps for 29 people killed in mass shooting

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Thousands of Thais attended a vigil on Sunday for the 29 people who were shot dead by a rogue soldier over the weekend. Held at...

Coronavirus hammered Hong Kong’s economy worse than protests

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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...

China accepts help from int’l experts as coronavirus worsens

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The Chinese Government has finally agreed to receive assistance from the World Health Organization to combat the coronavirus that killed at least 900 people...

Telemedicine owners charged in million dollars’ worth fraud scheme

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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

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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

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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

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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...

Two scientists with ties to China charged with fraud in the...

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The United States government has separately arrested two China-related scientists found to have committed fraudulent misrepresentations. Li Xiao-Jiang, who previously worked as a neuroscientist at...

UK’s software founder arrested for fraud charges

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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

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A senior executive of Goldman Sachs Group was permanently banned from working in the banking industry after he was found to have a role...

Lesotho’s first lady surrenders to face murder charges

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The first lady of African country Lesotho has surrendered into authorities on Tuesday after she has been wanted for allegedly murdering the Prime Minister’s...

India implements stricter visa rules amid coronavirus

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The Indian Government has tightened its visa rules as they become one of the 25 countries that have been affected by the novel coronavirus...

China declines virus assistance from US, Taiwan

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The United States Government said China has not yet accepted the offer of assistance of Trump’s administration to combat the coronavirus. America has repeatedly offered to...

China’s TCL to stop release of BlackBerry phones

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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

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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...

Philippines recorded first virus death outside China

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The first confirmed fatality outside China from the novel coronavirus has been recorded in the Philippines. According to the country’s Health Department, a 44-year old...

Mitsubishi denies alleged use of emission defeat devices

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Japanese auto giant Mitsubishi Motors Corp defended that it had not committed fraud and used illegal defeat devices in its diesel engines. This after German...

Singapore revises residency scheme to attract more investors

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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

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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

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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 network reported that APA sued American Airlines in Dallas County on January 30 as it seeks for a temporary restraining order to stop China flights amid the coronavirus. In a […]

China’s claim on Spratly violated Philippine sovereign rights, World court says

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The Permanent Court of Arbitration (PCA) said that the Philippine sovereign rights were violated by China as it illicitly claimed jurisdiction over the Spratly Islands. In 2016, the tribunal officially declared that the Philippines has exclusive sovereign rights over the controversial West Philippine Sea (South China Sea), clearly invalidating China’s “nine-dash” demarcation line. Documents released by the world […]

China criticized for failure to provide accurate details and solutions for...

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Thousands of people and experts around the world are criticizing China for withholding vital details and tough measures to control the outbreak of the 2019-novel coronavirus. Chinese scientists failed to share the virus itself to the World Health Organization despite being able to publicize the genome sequence of the virus. Global experts said that if China […]

Demand for Malaysian gloves soar as coronavirus spreads

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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 originated from Wuhan, China. MARGMA President Denis Low confirmed that they have received an urgent request from China to deliver adequate supplies of medical gloves which will be primarily used in […]

Starbucks sales hit as 2,000 stores in China shut amid coronavirus

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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 due to the deadly coronavirus. Reports claimed that the figures represent half of Starbucks’ total stores in China, its biggest market outside the United States. It was in 1999 when Starbucks […]