Recent Articles

Climate change set to double beer prices, researchers say

Climate change set to double beer prices, researchers say

  Global temperatures are rising, and the prices of beer with them, so new research shows. Amid all the forest fires, severe weather and rising water levels linked to climate change, nobody quite saw this consequence coming: more expensive beer. But precisely this is the conclusion of an international team of researchers who recently published the […]

October 18, 2018 | By | Reply More
SAP to stay in Saudi Arabia, hopes for clarity on missing journalist

SAP to stay in Saudi Arabia, hopes for clarity on missing journalist

SAP logo (AFP pic) WALLDORF: SAP, Europe’s most valuable tech company, will continue to do business in Saudi Arabia, a top executive told Reuters, saying he hoped the circumstances of the disappearance of journalist Jamal Khashoggi are clarified. “We can’t put a long-term commitment to a market into question in response to an isolated incident,” […]

October 18, 2018 | By | Reply More
Futures drop on hawkish Fed, disappointing industrial earnings

Futures drop on hawkish Fed, disappointing industrial earnings

Traders work on the floor of the New York Stock Exchange (NYSE) (AFP pic) NEW YORK: US stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s brutal selloff. Shares of Textron fell […]

October 18, 2018 | By | Reply More
US weekly jobless claims drop; continuing claims lowest since 1973

US weekly jobless claims drop; continuing claims lowest since 1973

New applications for US unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. (AFP pic) WASHINGTON: New applications for US unemployment benefits dropped last week and the number of Americans on jobless rolls fell back […]

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Three Things CEOs Should Know About the Use of Artificial Intelligence in Decision-Making

Three Things CEOs Should Know About the Use of Artificial Intelligence in Decision-Making

By Kamal Brar, Vice President and General Manager of Asia Pacific, Hortonworks Early this year, Alibaba Group launched its AI platform ‘City Brain’ in Kuala Lumpur, Malaysia. Run by the Alibaba Cloud division, it plans to make live traffic predictions and recommendations to increase traffic efficiency in Kuala Lumpur by consolidating data gathered from video […]

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Rentable electric scooters: The new transport trend in US cities

Rentable electric scooters: The new transport trend in US cities

By Peer Kuni, dpa They’re quick, cheap, environmentally friendly and easy to park – rentable electric scooters are the latest transport craze to sweep US cities. Critics say they can be dangerous and need better regulation, but others say the benefits outweigh the risks. Forget driving your car. Forget riding a bike. You can even […]

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11MP mid-term review – fiscal deficit to linger beyond 2020, govt to trim development spending

11MP mid-term review – fiscal deficit to linger beyond 2020, govt to trim development spending

PETALING JAYA: The remainder of the Eleventh Malaysia Plan (11MP), which runs from 2016-2020, will see the government cut back on development expenditure, consolidate operating expenditure and prolong the fiscal deficit, which was to have been balanced by 2020. This will occur as the government undertakes comprehensive reforms to strengthen the administrative capacity and improve […]

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Capital controls pressure only if reserves fall to US$80b level: AmBank Research

Capital controls pressure only if reserves fall to US$80b level: AmBank Research

PETALING JAYA: Currency peg pressure will only kick in if and when the reserves level approaches US$80 billion (RM332.1 billion) or six months of retained imports, AmBank Research opined. “Our estimation suggests the threshold is around five months retained imports or about US$70 billion (RM290.6 billion) in reserves for the currency to be pegged,” the […]

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Boustead, unit deny claims in businessman Deepak's lawsuit

Boustead, unit deny claims in businessman Deepak's lawsuit

PETALING JAYA: Boustead Holdings Bhd and its wholly-owned subsidiary Bakti Wira Development Sdn Bhd, who are being sued alongside former prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor by businessman Deepak Jaikishan, have denied allegations made in the suit, calling them “baseless, frivolous, vexatious and unjustifiable”. In a filing with […]

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Malaysia lets go of high income nation by 2020 dream

Malaysia lets go of high income nation by 2020 dream

PETALING JAYA: Malaysia will drop its long time dream to hit US$15,000 (RM62,300) per capita income by 2020 to meet its high income nation aspirations, as it now looks to ensure high income levels commensurate with higher purchasing power. The mid-term review of the 11th Malaysia Plan presented a two-prong approach to address the disparity […]

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