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Why did UAE cut Iran trade, and how exposed is Tehran’s US$21b import lifeline?
DUBAI, Aug 21 — The UAE this week announced it was suspending trade with Iran, heaping pressure on its major trading partner at the same time that the US declared “economic warfare” on Tehran. It is unclear when the suspension
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Global shipping gridlock looms as Panama Canal slashes transits amid worst El Nino drought
PANAMA CITY, Aug 21 — The Panama Canal will cut the number of ships passing through it starting next month because of drought caused by the El Nino phenomenon, the operator of the strategic waterway linking the Atlantic and Pacific
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US Supreme Court said no to Trump’s tariffs, and now German companies are getting refunds in hundreds of millions
BERLIN, Aug 21 — German companies have recouped hundreds of millions of euros in overpaid tariffs following February’s landmark US Supreme Court ruling, German Press Agency (dpa) reported on Friday, citing Wirtschaftswoche business magazine. Listed German companies received refunds totalling
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Rapid KL to run 24‑hour trains and buses for Merdeka Eve and National Day crowds
KUALA LUMPUR, Aug 21 — Selected rail and bus services operated by Rapid KL will operate 24 hours on Aug 30 and 31 to facilitate public movement in conjunction with the 2026 National Day celebrations. Rapid KL in a statement
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Foreign minister says Asean best platform as Malaysia pushes regional action on haze crisis
BANDAR SERI BEGAWAN, Aug 21 — Malaysia will utilise Asean diplomatic channels to seek a solution to the transboundary haze affecting several areas in the region, said Foreign Minister Datuk Seri Mohamad Hasan. He said Asean remains the most appropriate
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Bursa Malaysia ends little changed as bond yields, geopolitical tensions weigh on sentiment
KUALA LUMPUR, Aug 21 — Bursa Malaysia ended little changed on Friday, as investors remained cautious amid renewed pressure on global bond yields and geopolitical tensions, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.23
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US$80b buyback: Samsung goes big to win back investors
SEOUL Aug 21 — South Korean chip giant Samsung Electronics said Friday it would buy back up to US$80 billion (RM323.2 billion) of its own shares to boost shareholder returns, the largest such plan in the country. The announcement came
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International Criminal Court chief warns against ‘demise of international rule of law’ after US sanctions
TOKYO Aug 21 — International Criminal Court President Tomoko Akane of Japan warned on Friday against “the demise of international rule of law” after the United States targeted her with sanctions. “The sanction against me this time was something I
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Plane crash kills eight at US Air Force radar site in Alaska, military says
WASHINGTON, Aug 21 — A plane crash at a remote US Air Force site in Alaska killed eight people yesterday, the military said. The civilian-contracted plane crashed at the airport of the long-range radar site in Cape Newenham, on the
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South China floods death toll jumps to 159 with 10 still missing
BEIJING, Aug 21 — The death toll from devastating floods in southern China last month jumped to 159 today, state media reported, with ten people still missing. Typhoon Maysak wreaked havoc across parts of southern China in July, bringing torrential
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