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Google loses final appeal against RM19b EU fine over Android antitrust case
BRUSSELS, July 2 — The EU’s top court upheld Thursday a record €4.1 billion (RM18.6 billion) fine the bloc slapped on Google for anti-competitive practices related to its Android operating system. The European Court of Justice dismissed the US tech giant’s
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China imposes new ‘national security’ rules on overseas investments as tech rivalry with US intensifies
BEIJING, July 1 — China is intensifying its scrutiny of investments overseas with broad “national security” regulations taking effect from today, at a time of rising tech competition with Washington. The new rules, originally announced on June 1, provide authorities
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Binance faces lawsuit from nearly 1,700 UK investors over allegedly unlawful products
MOSCOW, July 1 — Nearly 1,700 British investors have filed a lawsuit against cryptocurrency exchange Binance for offering traders risky financial instruments not approved by United Kingdom (UK) regulators, according to the Financial Times newspaper, reported Sputnik/RIA Novosti. The lawsuit, filed on
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World Bank to end China loans by 2031 as ties shift from lender to ‘knowledge partner’
WASHINGTON, July 1 — The World Bank will phase out its lending to China by 2031, according to the organisation’s new country partnership framework, a source familiar with the matter told AFP yesterday. The source confirmed an earlier report of
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Nasdaq caps strongest quarter since 2020 as AI optimism outweighs inflation fears
NEW YORK, July 1 — The tech-rich Nasdaq capped its best quarter in six years yesterday, rising with other US indices as bullishness over artificial intelligence overcame worries over geopolitics and inflation. The Nasdaq finished yesterday’s session up 1.5 per
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Ringgit opens higher against dollar as US consumer confidence dips below expectations
KUALA LUMPUR, July 1 — The ringgit was firmer against the US dollar in the early session, supported by weaker-than-expected US consumer confidence data that weighed on the greenback. Meanwhile, investors remained cautious ahead of the release of the US
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Public Mutual declares over RM96m in distributions for five funds
KUALA LUMPUR, June 30 — Public Mutual, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions amounting to more than RM96 million for five funds for the financial year ended June 30, 2026. In a statement today, Public Mutual
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China says it is not ‘root cause’ of EU’s economic woes after trade talks
BEIJING, June 30 — China’s foreign ministry said today that the country is not the “root cause” of issues facing the European Union’s economy, following talks in Brussels aimed at avoiding a damaging trade war. China’s large — and growing
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Petronas unlocks over one billion barrels with latest Suriname discoveries
KUALA LUMPUR, June 30 — Petroliam Nasional Bhd (Petronas), through its wholly-owned subsidiary Petronas Suriname E&P B.V. (PSEPBV), has recorded two discoveries and achieved a successful appraisal in Suriname’s offshore Block 52. In a statement today, the national oil and
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China’s factory activity returns to growth in June despite global headwinds
BEIJING, June 30 — China’s factory activity picked up this month, official data showed today, providing a much-needed boost to authorities as Beijing battles to kickstart the domestic economy. The manufacturing sector has faced uncertainty this year from the war
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