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Argentina threatens to sanction oil projects around Falklands
BUENOS AIRES, Sept 6 — Argentina has announced that it will investigate and sanction oil companies working near the Falkland Islands without authorisation, after President Javier Milei said the “winds of change” favour his country’s claim to the archipelago. Britain
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El Salvador president denies transferring govt’s bitcoin reserves to private operator
SAN SALVADOR, Sept 5 — El Salvador’s President Nayib Bukele denied on Friday transferring the country’s bitcoin reserves to a private operator as part of a loan agreement with the International Monetary Fund (IMF). Bitcoin has been the most closely
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GTA sets sights on bigger role in Malaysia’s push for defence self-reliance
KUALA LUMPUR, Sept 5 — GTA Holdings Bhd (GTA), a provider of aviation maintenance, repair, and overhaul (MRO) services, intends to establish a Centre of Excellence (CoE) after its listing on the ACE Market of Bursa Malaysia. This new facility
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Ringgit seen trading at RM4.04-RM4.06 against US dollar next week
KUALA LUMPUR, Sept 5 — The ringgit and other regional currencies are expected to come under pressure next week, with the local currency seen trading between RM4.04 and RM4.06 against the US dollar. This comes after the stronger-than-expected US non-farm
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Volkswagen to cut 100,000 jobs by end of decade in biggest-ever auto industry restructuring
FRANKFURT, Sept 4 — German car giant Volkswagen said yesterday that management and unions had agreed to cut a total of 100,000 jobs by the end of the decade, the biggest-ever restructuring in the global auto industry. The company said
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Nvidia buys Hugging Face for US$12.9b — and tightens its grip on the AI ecosystem
WASHINGTON, Sept 4 — Nvidia announced yesterday it will buy artificial intelligence platform Hugging Face for US$12.9 billion (RM52 billion), as the chipmaking giant seeks to diversify its hold on the AI sector. Nvidia CEO Jensen Huang confirmed the deal
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US not ‘stealing Venezuelan oil,’ energy secretary insists amid multi‑billion‑dollar pact with Caracas
CARACAS, Sept 3 — US Energy Secretary Chris Wright yesterday dismissed claims that Washington was “stealing Venezuelan oil” after the South American nation granted its northern neighbour access to a huge chunk of its natural resources. Wright, who travelled to
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Tech bosses press G20 to build AI data centres, but ministers split on risks and community impact concerns
CHAPEL HILL (North Carolina), Sept 3 — Top US tech bosses, including Nvidia chief Jensen Huang and OpenAI’s Sam Altman, urged G20 ministers yesterday to embrace artificial intelligence and build the data centres to run it. The executives spoke on
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US Fed says ‘positive’ economic outlook but high prices, energy costs add uncertainty
WASHINGTON, Sept 3 — The US Federal Reserve yesterday flagged that while the country’s general economic outlook was positive, heightened uncertainty due to high energy prices, policy issues and the Iran war was weighing on industry and household sentiment. Economic
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US energy firms sign multi‑billion‑dollar Venezuela deals after Washington gains control over oil reserves
CARACAS, Sept 3 — US energy firms yesterday signed a raft of multi-billion-dollar deals with Venezuela, days after the South American country agreed to grant the United States control of a huge chunk of its vast oil reserves. US Energy
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