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While Asia and Europe scramble for natural gas, the US glut has nowhere to go
WASHINGTON, May 2 — The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers must pay to have it taken away. The
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Japan steps into forex market with over RM127b to prop up yen, reports say
TOKYO, May 2 — Japan spent at least ¥5.0 trillion (RM127 billion) in the foreign exchange market, according to multiple reports, in its first intervention to prop up the currency since 2024. The yen, trading just shy of ¥160 to
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Ringgit rise and IMF upgrade reflect global confidence in Malaysia’s economy, says MOF’s political secretary
KUALA LUMPUR, May 2 — The continued strengthening of the ringgit and the improved economic projections by the International Monetary Fund (IMF) indicate the fundamental strength of the country’s economy and investor confidence in the direction of the Malaysia Madani
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Aviation industry’s first Iran war casualty: US‑based Spirit Airlines collapses after creditors reject US$500m bailout
WASHINGTON, May 2 — Bankrupt discount carrier Spirit Airlines ceased operations today, the industry’s first casualty linked to the Iran war, after failing to secure creditor support for a US government bailout plan. The collapse of the first carrier due
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Takaichi visits Hanoi for talks with Vietnamese leaders amid Japan’s concerns over investment slump
HANOI, May 2 — Japanese Prime Minister Sanae Takaichi is set to meet Vietnam’s leader To Lam in Hanoi today as the countries try to shore up ties amid a sharp slowdown in Japanese investment in Vietnam. The two sides
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Trump says EU not complying with trade deal, will raise auto tariffs to 25pc next week
WASHINGTON, May 2 — President Donald Trump said yesterday that he will hike US tariffs on cars and trucks from the European Union next week, charging that the bloc is not complying with an earlier trade deal. The pact, which
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SME Corp Malaysia pushes digitalisation, automation to boost MSME productivity under Business Strategic Plan 2022–2030
JOHOR BAHRU, May 1 — Digitalisation and automation of micro, small and medium enterprises (MSMEs) have been identified as one of the five key focus areas in the Business Strategic Plan (BSP) 2022-2030 to accelerate the adoption of digital technology
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Nearly 700,000 Malaysian workers at high risk from AI and automation, with adaptability now key to sustainability, says TalentCorp
KUALA LUMPUR, May 1 — As artificial intelligence (AI) and automation accelerate, they are reshaping how we work while putting Malaysia’s workforce to the test, requiring greater resilience and adaptability to remain relevant in an increasingly complex and uncertain job
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Income gap widens: Global inequality deepens as executive pay soars and real wages stagnate, Oxfam warns
BERLIN, May 1 — Executive pay around the world has risen sharply in recent years, while all other workers have had less and less money at their disposal, according to an analysis by Oxfam released today, reported German Press Agency
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Oil slumps after hitting peak, US indices reach new records
NEW YORK, May 1 — Oil prices struck a four-year high yesterday on worries about a resumption of hostilities in the Middle East, before slumping to end the day. But key US indices hit new records while European stock markets
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