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...
How Yu Kuan Chon’s Underhanded Tactics Failed in Securities Firm Acquisitions
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...
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 same...
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...
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...
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...
YNH Property Directors Siphon RM1 Billion into the Yu Syndicate
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
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...
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...
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...
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...
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...
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...
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...
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...
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 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...
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 on...
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%...
Bank Negara issues exposure draft on licensing and regulatory framework for...
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...
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...
Manipulative and False trading activities Exposed at YNH Property and Rapid...
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...
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...
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...
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...
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 approves $800M in new military assistance for Ukraine
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
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
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
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...
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
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
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...
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...
The US doubts the new Russian war chief can end Moscow’s...
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
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...
UN assembly suspends Russia from top human rights body
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
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...
Mariupol’s dead put at 5,000 as Ukraine braces in the east.
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.
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...
Wins for pro-Putin leaders buttress autocracies in Europe.
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.
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...
Russia faces global outrage over bodies in Ukraine’s streets.
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.
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.
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.
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...
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.
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.
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.
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...
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.
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...
Cyberattack in Ukraine war affected thousands across Europe.
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.
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....
Activists stage global climate protest, slam Ukraine war.
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?
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
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...
Ukraine reports 300 dead in airstrike on Mariupol theater
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
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...
Poland orders expulsion of 45 Russians suspected of spying.
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.
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.
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...
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.
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
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...
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...
‘No city anymore’: Mariupol survivors take train to safety.
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’
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...
Amazon closes $8.5B deal to acquire Hollywood studio MGM.
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.
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,...
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...
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...
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...
Refugee exodus reaches 2.8 million as Russian strikes hit west Ukraine
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
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.
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.
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
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...
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...
Internet speed slows down globally due to coronavirus
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...
Global stock markets stumble as coronavirus pandemic spreads
Not long enough after the 2008 global financial crisis, the world was rocked anew as the stock markets in different countries have plummeted due...
Oil price plunges as Saudi Arabia retaliates with Russia
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...
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 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 […]
Asian markets surge as central banks signal support
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 […]
IMF, World bank express readiness to lend amid virus crisis
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 […]
India emerged as 5th world’s largest economy with $2.94 trillion GDP
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...
China accepts help from int’l experts as coronavirus worsens
The Chinese Government has finally agreed to receive assistance from the World Health Organization to combat the coronavirus that killed at least 900 people...
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...
China’s claim on Spratly violated Philippine sovereign rights, World court says
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...
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 […]
Over 300 tourists in Aklan, Philippines already sent back to Wuhan,...
Philippine authorities said some 314 Chinese tourists in Kalibo, Aklan have been forcibly repatriated to novel coronavirus (nCov)-stricken Wuhan, China as of January 26. They are among the 500 passengers who left Wuhan and were bound for Boracay before the total lockdown was imposed by the Chinese government. Despite originally scheduled to return to China […]
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...
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...
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...
National leaders say Iranian missile struck down Ukraine Int’l flight
The Prime Ministers of Canada, United Kingdom and Australia have similarly affirmed that an Iranian surface-to-air missile shot down the Ukrainian jetliner that crashed...
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...
Iranian Soleimani’s death served “American Justice,” says President Trump
US President Donald Trump gained support from countrymen when he defended that the killing of Iranian’s top military commander was prompted by a “bold...
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...
China and Russia scolded by the US for failure to condemn...
The United States slammed China and Russia for blocking the condemnation of the recent attack on the American Embassy in Baghdad.
US
officials were angered as China...
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...
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...
Thailand, France and Mexico strengthen environmental protection with plastic ban
As a way to start the decade right,
countries like Thailand, France and Mexico have announced separately their
implementation of the single-use of plastic bags as...
Russian President claims lead on hypersonic weapons, surpassing US
From merely catching up with the United States
in the past, President Vladimir Putin of Russia claims that their country is
now the world leader on...
Canada condemns Russia and China over vetoed Syria aid
The Government of Canada and
other countries involved in the United Nations Security Council condemned
Russia and China for leading the veto of a
resolution to continue the...
German cabin crew union threatens Lufthansa airlines with strikes after Holidays
Excluding the days of merriment, German flight attendants’ union UFO said it might
stage strikes against Lufthansa, the flag carrier and largest German airline, any...
Australian PM Scott Morrison faces anger for taking Holiday amid bushfire...
Australia’s Prime Minister Scott Morrison has faced criticisms after taking a vacation as bushfires raged in their country that resulted in the death of...
World Bank President urges lawmakers to prioritize debt management to avert...
As the World Bank warns a
‘global wave of debt,’ its President, David Malpass stressed that “debt
management and transparency need to be top priorities for...
