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S&P 500, Nasdaq hit record highs on US-Iran ceasefire hopes and AI rally
NEW YORK, May 29 — The S&P 500 and the Nasdaq posted record closing highs yesterday after news reports said the US and Iran had reached a draft agreement to extend their ceasefire for 60 days, while investors also digested
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Climate change is shrinking the safe window for Haj, study warns
MECCA, May 29 — Climate change is gradually shrinking the times of year when the annual Muslim Haj pilgrimage can take place in safe weather conditions, according to a new study published today. The Haj in western Saudi Arabia, one
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WHO chief says Ebola ‘can be stopped’ as he lands in DR Congo
KINSHASA, May 29 — The UN health chief said yesterday the Ebola outbreak in the Democratic Republic of Congo which has claimed over 200 lives can be stopped, as he arrived to oversee the fight against the highly infectious disease.
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Lebanon condemns ‘collective punishment’ after deadly Israeli raids
BEIRUT, May 29 — Israel pounded south Lebanon with deadly strikes and widened its offensive with the first raid near Beirut in weeks where authorities said a woman and two children were killed despite a ceasefire. The attack near the
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US, Iran close in on 60-day truce deal, but Trump says he is ‘not satisfied’ yet
TEHRAN, May 29 — The United States and Iran closed in on a framework for a ceasefire extension detail yesterday but President Donald Trump has yet to approve any agreement, US officials said. US sources told AFP earlier that the
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The great migration: Why Singapore giants like Gardenia are moving to Johor
JOHOR BAHRU, May 29 — In Senai’s sprawling industrial belt, Gardenia Malaysia’s massive bakery sits alongside warehouses operated by tech giant Seagate and e-commerce heavyweight Shopee. The facility, located 45km from the Tuas Second Link, is run by Singapore-listed QAF
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Pahang Sultan extends condolences, aid to surviving children of couple killed in Pekan crash
KUANTAN, May 29 — The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, has expressed his condolences and consented to bestow contributions to the next of kin of a married couple who died in a crash on Jalan Kuantan-Segamat
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UK risks ‘lost generation’ as youth unemployment nears one million, says govt report
LONDON, May 28 — Britain risks creating a “lost generation” as the number of young people out of work, education and training nears one million and is set to keep rising, a government-commissioned review said today. Without action, the number
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Temu hit with €200m EU fine for failing to tackle illegal and unsafe products
BRUSSELS, May 28 — The European Union (EU) has imposed a fine of €200 million (US$232 million) on the Chinese e-commerce giant Temu for offering illegal products on its platform, reported German Press Agency (dpa). Temu “failed to diligently identify,
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Yoga pants giant Lululemon’s new CEO inherits US$1.8b war chest to revive brand after bitter feud
NEW YORK, May 28 — Hard-hit Lululemon Athletica has ended a months-long proxy fight with founder Chip Wilson that weighed on its shares amid weakening brand appeal. Shares in the sports apparel brand tumbled nearly 60 per cent in the
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