AFP
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Malaysia's Silicon Valley ambitions face tough challenges
Malaysia is making great strides in its effort to become a major player in the global semiconductor industry as it looks to capitalise on a surge in demand driven by the AI explosion but analysts warn it faces headwinds. Malaysia, however, is not starting from scratch, the analysts said.
Asian markets mixed as geopolitics, trade wars deplete sentiment
Asian markets were mixed and gold hit another record high Wednesday as trade war worries cast a shadow and geopolitical concerns returned to the fore. - Gold hits new record - The Bank of Japan, as expected, stood pat on interest rates, having hiked them last month amid concerns over the outlook, particularly with regard to trade.
Bank of Japan holds rates, warning of trade uncertainty
The Bank of Japan left its key interest rate unchanged Wednesday in a widely expected move given the global economic uncertainty fuelled by US trade tariffs. The bank said on Wednesday that in Japan, "the employment and income situation has improved moderately".
'Organized chaos': $19bn airport megaproject takes shape in cramped NY
New York's JFK airport is an overlapping patchwork of open terminals, giant building sites and burgeoning infrastructure, wedged in by thousands of homes on one side and the ocean on the other. At the airport, the new Terminal Six is long but narrow, wedged in to the limited space available between runways and a people-mover track.
US Fed expected to sit tight as Trump tariff fears buffet markets
The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs.
Trump purges Democrats from US Federal Trade Commission
One of two Democrats on the US Federal Trade Commission announced Tuesday that President Donald Trump had fired him from the agency, which is intended to guard against unfair business practices. The other Democrat on the commission, Rebecca Kelly Slaughter, also said she was fired, US media reported.
Bank of Japan expected to hold rates
The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision, with analysts pointing to economic uncertainty fuelled by US trade tariffs. Economists say bank officials are likely to keep the key interest rate at its current level of 0.5 percent when a two-day policy meeting concludes on Wednesday.
US music industry posts 100 million paid streaming users
The US music industry passed 100 million paid streaming subscriptions for the first time in 2024, according to the latest report from the Recording Industry Association of America released Tuesday.
Canada PM Carney announces deal with Australia to boost Arctic radar
Prime Minister Mark Carney announced Tuesday a Can$6 billion (US$4.2 billion) deal with Australia to develop an Arctic radar system, warning that Canada must take more responsibility for its defence as US priorities shift. Funding for enhanced Arctic radar was announced under Trudeau, but the decision to partner with Australia was unveiled Tuesday.
AFP
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