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TikTok to pay US$400m to settle US kids’ data privacy suit
SAN FRANCISCO, Aug 22 — TikTok has agreed to pay US$400 million (RM1.57 billion) to settle a lawsuit with the US Department of Justice over claims that the video-sharing platform violated federal children’s privacy laws, the department announced on Friday. Regulators
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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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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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Amazon to invest US$2b to expand Latin American originals and licensed content, including Mexican version of ‘The Office’
MEXICO CITY, Aug 21 — Amazon announced yesterday that it would invest US$2 billion (RM8.09 billion) in Latin American productions for its Prime Video streaming service through 2030 to harness “extraordinary” momentum in the region. “What’s happening in Latin America
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Bursa Malaysia ends higher as easing US Treasury yields boost risk appetite
KUALA LUMPUR, Aug 20 — Bursa Malaysia ended higher on Thursday as easing US Treasury yields improved risk appetite following the US Treasury’s announcement of increased buyback operations, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI)
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Telekom Malaysia 2Q net profit slips to RM365.48m despite higher revenue
KUALA LUMPUR, Aug 20 — Telekom Malaysia Bhd (TM) posted a lower net profit of RM365.48 million for the second quarter ended June 30, 2026 (2Q 2026), compared with RM402.97 million in the corresponding quarter last year. Revenue rose to
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Asian stocks rally as US Treasury move eases bond yield fears
HONG KONG, Aug 20 — Asian markets rallied today after the US Treasury said it would “at least double” the amount of long-term bonds to push down borrowing costs, following a surge this week to near two-decade highs. The surprise
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SC: Malaysian companies can access Hong Kong market via new simultaneous listing framework
GEORGE TOWN, Aug 19 — Malaysian companies planning initial public offerings (IPOs) will be able to pursue simultaneous listings in Malaysia and Hong Kong using a single set of submission documents starting next month. Securities Commission Malaysia (SC) chairman Datuk
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