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Could oil hit US$100 a barrel? How the Iran war is threatening global energy supply
LONDON, March 1 — The US-Israeli strikes against Iran and reprisals by Tehran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years. AFP looks at the risks. Major producer Iran
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Europe’s largest Samsung TV plant in Slovakia set to close by May 2026 as ‘idiot box’ era wanes
BRATISLAVA, Feb 28 — South Korean industrial giant Samsung said Friday it would shut down its last remaining television production plant in Slovakia, its largest factory in Europe, threatening hundreds of jobs. In 2018, Samsung shut down one of its
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Trump administration seeks delay in tariff refund litigation after Supreme Court loss
WASHINGTON, Feb 28 — US President Donald Trump’s administration is seeking to delay legal proceedings linked to tariff refunds for importers, a court filing showed yesterday, a week after the Supreme Court struck down his global duties. The high court
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Ringgit expected to hover between RM3.88 and RM3.90 next week
KUALA LUMPUR, Feb 28 — The ringgit is expected to trade range-bound against the greenback next week ahead of key data points from the United States and further developments related to the US-Iran nuclear talks. Bank Muamalat Malaysia Bhd chief
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Paramount wins bidding war for Warner Bros in US$110b mega-merger, shares up over 20pc
NEW YORK, Feb 28 — US media conglomerate Paramount Skydance announced yesterday it will acquire Warner Bros. Discovery in a deal valuing the combined company at US$110 billion (RM428 billion), after beating Netflix in a bruising bidding war. The agreement
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Germany orders global recall of over 330,000 BMWs over dashboard wiring fire risk
BERLIN, Feb 28 — Germany’s BMW must recall more than 330,000 cars worldwide because of concerns over a fire risk, the KBA transport regulator said yesterday, ordering a second recall for the brand in less than a month. Some 337,000
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Bursa Malaysia likely to trade sideways between 1,710 and 1,740 next week
KUALA LUMPUR, Feb 28 — Bursa Malaysia is expected to trade sideways within the 1,710-1,740 range next week, said Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng. He said that the index is projected to undergo a
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Petronas profit down 18pc, sets sights on Sabah and global growth
KUALA LUMPUR, Feb 27 — Petroliam Nasional Bhd’s net profit decreased by 18 per cent to RM45.4 billion in the financial year ended Dec 31, 2025 (FY2025), from RM55.1 billion in the previous financial year. The decline was in line
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South Korea approves Google bid to export high-precision map data
SEOUL, Feb 27 — South Korea today approved Google’s request to export the country’s high-precision map data to overseas servers, a major reversal after two decades of rejection that clears the way for the US tech giant to enter a
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Terengganu Oil & Gas Council members secure over RM1b in Petronas contracts annually since 2019
CHUKAI, Feb 27 — Members of the Terengganu Oil & Gas Council (TOGC) have bagged contracts worth more than RM1 billion annually to undertake several works in the oil and gas industry in the state from Petroliam Nasional Bhd (Petronas)
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