Elon Musk eyes radical overhaul of US gov’t as ‘Secretary of Cost-Cutting’
Tesla and SpaceX CEO stands to gain a cabinet position if Donald Trump wins the US presidential election.
Category Archives: Economy
US finalises restrictions on AI, semiconductor investments in China
Treasury Department says curbs will ensure US investment does not advance technologies that threaten national security.
For Taiwan’s crucial chip industry, Trump and Harris both bring risks
Taiwan’s semiconductor sector is watching US election closely amid geopolitical rivalry between Washington and Beijing.
Olympus CEO resigns over alleged purchase of illegal drugs
CEO Stefan Kaufmann was asked to resign following internal inquiry, Japanese firm says.
Bullying and harassment complaints surge in UK’s financial sector
Reports of non-financial misconduct rose 72 percent between 2021 and 2023, according to survey by financial regulator.
US fast-food chains pull onions from menus after McDonald’s E coli outbreak
At least 49 people have fallen ill in 10 US states due to contaminated food, according to health authorities.
Tokyo Metro shares soar in Japan’s biggest IPO since 2018
Japanese subway operator's shares soar as much as 47 percent in biggest listing since 2018.
McDonald’s linked to E. coli outbreak that left 1 dead, dozens sick in US
At least 49 people sickened after E. coli outbreak linked to McDonald’s quarter pounders, health officials say.
Southeast Asia deepening dependence on fossil fuels, report warns
ASEAN's 10 members met the entirety of region’s rise in electricity demand last year through fossil fuels, report says.
China posts slowest growth since aftermath of ‘zero COVID’ curbs
World’s second-largest economy grows 4.6 percent in third quarter amid weak consumer demand and property woes.
In Taiwan, boba tea fans bemused at Dragons’ Den cultural appropriation row
Taiwanese struggle to understand the fuss after Chinese-Canadian actor Simu Liu calls out Montreal-based company.
TSMC posts forecast-beating profit amid soaring demand for AI chips
World’s largest contract chipmaker reports record $10.1bn net profit for the third quarter.
Thailand, where Buddhism reigns, challenges Malaysia for Asia’s halal crown
Bangkok recently unveiled a four-year plan to capitalise on the growing market for Muslim-friendly food and products.
Australia announces plans to ban debit card surcharges
Australian Prime Minister Anthony Albanese says move would help ease cost of living for households.
Google signs deal with startup to build small nuclear reactors to power AI
Deal with Kairos Power comes as tech giants are scouring the globe for electricity sources to power data centres.
Malaysia’s stock market, once dubbed ‘world’s worst’, is making a comeback
Malaysian stocks are having a moment in the sun amid robust economic growth and influx in investment by US tech giants.
Indonesia eyes hefty tariffs on China as businesses decry cheap imports
Jakarta is proposing 200 percent tariffs on Chinese goods, citing the United States' policies as an inspiration.
Malaysia could reach high-income status by 2028, World Bank says
Southeast Asian economy on track to reach milestone within four years after 2024 growth forecast raised to 4.9 percent.
Houthi Red Sea attacks still torment global trade, a year after October 7
Yemen's rebel group has launched some 130 attacks in the crucial waterway since the start of the war in Gaza.
Could US port strike be the ‘October surprise’ that trips up Kamala Harris?
Strike by 45,000 dock workers threatens to stoke inflation just five weeks out from US presidential election.