WASHINGTON: President Joe Biden’s administration on Friday urged the U.S. Supreme Court to turn away billionaire businessman Elon Musk’s dispute with the Securities and Exchange Commission. Musk in December asked the justices to take up his appeal after a lower court upheld his consent decree with the SEC that arose […]
Business
KUALA LUMPUR : Malaysia’s industrial production grew faster than expected in January, rising 4.3 percent from a year earlier, government data showed on Tuesday. The rate of expansion was the quickest since May last year, when factory output rose 4.7 percent. January’s output had been forecast to expand 2 per […]
TOKYO: Japan’s government on Tuesday approved a draft amendment to existing legislation to allow for the installation of offshore wind power in exclusive economic zones (EEZ), a milestone towards the country’s goal of carbon neutrality by 2050. Japan aims to have 10 gigawatt (GW) of offshore wind power projects by […]
BRUSSELS : Meta Platforms was hit with privacy complaints on Thursday as eight EU consumer groups asked watchdogs to act against the Facebook owner for allegedly breaching the bloc’s privacy rules when it hoovers up user data. The complaints by the consumer groups in the Czech Republic, Denmark, France, Greece, […]
KUALA LUMPUR : Malaysia’s finance ministry on Thursday dismissed adjusting monetary policy or pegging the ringgit to support the weakened currency, saying it expects the ringgit’s value to appreciate this year. The ringgit has fallen about 3.7 per cent this year so far and briefly hit a 26-year low last […]
TOKYO: The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. Leading cryptocurrency bitcoin soared to a more than two-year high above $57,000 after […]
OTTAWA: Canada on Monday unveiled draft legislation to combat online hate that would force major companies to quickly remove harmful content and boost the penalty for inciting genocide to life in prison. The Liberal government of Prime Minister Justin Trudeau introduced the bill with the stated aim of protecting children […]
JAKARTA: Facebook parent Meta Platforms on Thursday said it understood it was not required to pay for content of news publishers posted voluntarily by users in Indonesia, following a government regulation seeking a sharing of profits between digital platforms and media firms. Indonesia’s president signed a regulation on Monday requiring […]
NEW YORK: No single stock has embodied the U.S. market’s artificial intelligence fervor as much as Nvidia Corp, leaving Wall Street tied to the fluctuations of its volatile shares. The semiconductor company, whose chips are considered the gold standard in the AI industry, forecast fiscal first-quarter revenue above estimates after […]
NEW YORK: Elon Musk can ask a U.S. District Court to review a magistrate judge’s order that he must testify in the Securities and Exchange Commission’s investigation of his $44 billion takeover of Twitter, according to a court notice filed on Friday. Lawyers for Musk on Thursday had said in […]