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Swatch claiming US$170m in damages from Samsung over smartwatch trademark row, FT reports
LONDON, June 26 — Swiss watchmaker Swatch is seeking US$170 million (RM695 million) in damages in a lawsuit against Samsung in which it claims the South Korean electronics giant allowed […]
Ringgit outperforms major currencies after weaker US consumption data cools Fed hike bets
KUALA LUMPUR, June 26 — The ringgit has continued to strengthen against the US dollar, other major currencies and Asean peers on Friday, shrugging off the impact of stronger-than-expected United […]
Asian markets sink again as AI tech sell-off deepens and global stocks slide
HONG KONG, June 26 — Seoul tanked again on Friday, leading another rout across Asian equity markets as the rollercoaster ride that has characterised the week rattled into the weekend. […]
Volkswagen weighs deep global job cuts and possible plant closures amid EV and China pressures
FRANKFURT, June 26 — Europe’s largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported Friday. Volkswagen […]
Bursa Malaysia edges higher as last-minute banking rebound lifts market into green zone
KUALA LUMPUR, June 26 — Bursa Malaysia reversed earlier losses to settle slightly higher on Friday, supported by a late rebound in banking stocks that lifted the benchmark index into […]
Labuan Airport shuts runway after bombs found near tarmac, flights cancelled and diverted until clearance
LABUAN, June 26 — Flight operations at Labuan Airport have been disrupted following the temporary closure of its runway after the discovery of bombs 150-metre from the runway. A Notice […]
Customs bust RM52.9m AI server syndicate at KLIA Free Trade Zone, probe under Strategic Trade Act
SEPANG, June 26 — The Customs Department (Customs) has seized 72 servers containing advanced artificial intelligence (AI) chips, valued at an estimated RM52.9 million, at the Kuala Lumpur International Airport […]
Tengku Putri Arafiah, sister of Sultan Sharafuddin, dies at 72, laid to rest at Shah Alam mausoleum
SHAH ALAM, June 26 — Tengku Putri Arafiah Sultan Salahuddin Abdul Aziz Shah, the younger sister of the Sultan of Selangor, Sultan Sharafuddin Idris Shah, who died at her residence […]
Taiwan’s Evergreen says container ship hit by unidentified object in Strait of Hormuz, crew and cargo unharmed
TAIPEI, June 26 — Taiwanese shipping operator Evergreen Marine Corp said today one of its container ships was hit by an “unidentified object” in the Strait of Hormuz, but the […]
Petronas manager’s alleged leak of confidential report to Petros could jeopardise talks, court told
KUALA LUMPUR, June 26 — The Sessions Court was told today that the actions of a former manager at Petronas in leaking confidential information of the oil company to Petroleum […]