BEIJING : China has amended rules for the management of state-run bailout funds rescuing troubled insurers, its financial regulators said on Thursday. The rules aim to promote healthy development of the insurance industry, prevent and resolve financial risks and maintain financial stability, the China Banking and Insurance Regulatory Commission said […]
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TOKYO: Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday (Nov 10) he had no desire to get re-appointed for another five-year term to head the central bank, after his current one ends in April next year. “In April, it will be 10 years since I became governor. Personally, […]
KUALA LUMPUR: Malaysia’s 15th General Election (GE15) candidates have turned to TikTok as one of the platforms to draw support from voters, especially the young. One of them is Perikatan Nasional (PN) chairman Muhyiddin Yassin who participated in a TikTok trend to a song called Swipe, a hip hop track […]
SYDNEY: Hackers today began leaking sensitive medical records stolen from a major Australian health insurer that had earlier refused to pay the group’s ransom demand. Medibank told investors and customers that a “sample” of data from some 9.7 million clients had been posted on a “dark web forum”. Names, birth […]
RAUB: UAE (Team Emirates) rider Juan Sebastian Molano shifted into top gear in the final 300 metres to win Stage 2 of the Tour de Langkawi from Kuala Klawang to Raub as sprinters dominated the race for a second consecutive day. The Colombian wriggled his way out of a tightly-packed […]
WASHINGTON: President Joe Biden departs on a swing through the West today with a first stop in Colorado where he will announce the establishment of a national monument in a rugged area used by American soldiers to train for battle in World War Two. Biden is to visit Colorado, California […]
BRUSSELS: Russia’s missile strikes on Ukraine have laid bare the “malice and cruelty” of its war and further united the international community to support Ukraine’s military efforts to defend itself, US Defence Secretary Lloyd Austin said today. Austin, speaking at the start of a Ukraine-focused meeting at Nato headquarters, praised […]
TOKYO : It is important for Japan to connect the weak yen to economic revitalisation through a recovery of inbound tourism and bringing companies back to the country, Prime Minister Fumio Kishida told parliament on Wednesday. Kishida added that specific monetary policy moves, such as an exit from easing, were […]
KUALA LUMPUR: The Mercedes Formula One team said today it will renew its title and technical partnership with Malaysian oil company Petronas from 2026. Mercedes have won the constructors title eight times since partnering with Petronas in 2010, though drivers Lewis Hamilton and George Russell are yet to win a […]
JERUSALEM : A free trade agreement between Israel and South Korea will go into effect on Dec. 1, Israel’s Economy Ministry said on Wednesday, in a move expected to lower the prices of Korean-made cars, toys, video game consoles and soy sauce. The agreement was ratified by Korea’s parliament on […]