KUALA LUMPUR : DRB Hicom said on Wednesday it has signed an agreement with Chinese car maker Zhejiang Geely Holding Group Co Ltd for the development of an automotive hub in Malaysia. This comes after Malaysian Prime Minister Anwar Ibrahim said in July that Geely will invest $10 billion to […]
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MOSCOW: Russia today indicated it was moving swiftly towards revoking its ratification of the Comprehensive Nuclear Test Ban Treaty after President Vladimir Putin held out the possibility of resuming nuclear testing. Putin yesterday said Russia’s nuclear doctrine — which sets out the conditions under which he would press the nuclear […]
TAIPEI: Taiwan’s government has opened an investigation into four companies named in a media report as conducting business with firms linked to United States-sanctioned Huawei in China, and is considering tighter rules on key technologies. Taiwan Economy Minister Wang Mei-hua said the ministry would be looking into whether the firms’ […]
British media regulator Ofcom on Thursday asked the country’s antitrust regulator to investigate U.S. tech giants Amazon and Microsoft’s dominance of the UK cloud market. Ofcom said its study identified features that make it more difficult for UK businesses to switch to, and use multiple cloud suppliers. “The CMA (Competition […]
SINGAPORE : China’s international trade council has formally asked the United States to “carefully consider” rules that ban or restrict U.S. investments in China’s tech sector, state television reported on Friday. U.S. President Joe Biden signed the executive order last month which prohibits or restricts investments in Chinese entities involved […]
NEW YORK: A key selling point of Donald Trump’s 2016 presidential run was that he was a businessman, not a politician. But his corporate empire, which served as proof to many voters of his economic credibility, is now in jeopardy after a judge ruled on Tuesday (Sep 26) that the […]
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 32 cents, or 0.3 per cent, to $93.59 a barrel by 0434 GMT […]
WASHINGTON: Four months after barely avoiding a catastrophic default, the world’s largest economy is once again on the verge of a major fiscal crisis. President Joe Biden’s Democrats are engaged in a bitter feud with Republican rivals in Congress over spending bills, which, if not passed into law soon, may […]
NEW YORK: Rupert Murdoch announced on Thursday (Sep 21) he will step down as chairman of his global media empire, a conservative behemoth that shaped politics across continents, and hand control over to his son Lachlan. The Australian-born mogul, who built a global entertainment and news juggernaut instrumental in events […]
WASHINGTON: A group of 18 state attorneys general said yesterday they backed Montana’s effort to ban Chinese-owned short video app TikTok, urging a US judge to reject legal challenges ahead of the January 1 effective date. The state attorneys general led by Virginia and including Georgia, Alaska, Utah, Indiana, Nebraska, […]