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Updated about 4 hours ago First seen about 4 hours ago
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Thailand plans early retirement programme to reduce civil servants

BANGKOK: Thailand plans to introduce an early retirement program for civil servants, as it seeks to cut the state workforce by about 5% a year to reduce government spending, deputy prime minister Pakorn Nilprapunt said. The programme, expected to start fiscal 2027, will initially target employees … Read at Free Malaysia Today

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Updated about 6 hours ago First seen about 6 hours ago
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Google faces backlash against Indian data centre

VISAKHAPATNAM: Handcuffs encircle Google's logo on one campaign poster, while another warns that people "cannot drink data", as opposition mounts to the tech giant's planned AI mega-facility in India. Excavators have swung into action, clearing forest and farmland on the southeast coast for the … Read at Free Malaysia Today

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Updated about 7 hours ago First seen about 7 hours ago
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Iran’s shopkeepers struggle as war dims demand

TEHRAN: At a Tehran bazaar where fragrant herbs and spices whet the appetite, shopkeeper Nasir says locals once bought his nuts by the kilo but soaring prices caused by the US-Iran war have eaten into sales, leaving businesses fighting for survival. The marketplace in the Iranian capital's north … Read at Free Malaysia Today

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Updated about 8 hours ago First seen about 8 hours ago
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Trump’s trade wars sting US manufacturers ahead of midterms

NORTH JACKSON: For Doug Rende, who runs an aluminum product manufacturer in the US state of Ohio, president Donald Trump's tariffs have meant millions of dollars more in annual costs -- and recently, the Iran war has made shipments even more expensive. Rende is chief executive at Shapes Unlimited, … Read at Free Malaysia Today

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Updated 1 day ago First seen 1 day ago
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Proposed next EU budget slashed by 140bil euros

BRUSSELS: Ireland, which holds the EU's rotating presidency, suggested Saturday slashing the bloc's next proposed budget by 140 billion euros ($155 billion), a new draft showed, in a search for a deal. European Union countries have been wrangling over the size of the next budget, with Germany … Read at Free Malaysia Today

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Updated 1 day ago First seen 1 day ago
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Brazil sues Shell for US$108mil over deadly 2024 floods

BRASILIA: Brazilian prosecutors on Friday filed an unprecedented lawsuit against oil giant Shell's subsidiary in the country, demanding US$108 million in compensation over deadly 2024 floods. Torrential rains sparked historic flooding in southern Brazil in April and May of that year, leaving nearly … Read at Free Malaysia Today

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Updated 1 day ago First seen 1 day ago
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Thailand prepares to host IMF-World Bank meetings

BANGKOK: Thailand is preparing to host the IMF–World Bank Annual Meetings in Bangkok from Oct 12–18, bringing together more than 15,000 participants from 191 countries, including central bank governors, economic policymakers and business leaders, for discussions on the world economy. To ease … Read at Free Malaysia Today

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Updated 1 day ago First seen 1 day ago
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US Treasury chief to skip IMF annual meetings in Bangkok

WASHINGTON: US treasury secretary Scott Bessent will not attend the IMF and World Bank's annual meetings in Bangkok next week, a department official confirmed Friday, as domestic pressures grow over war with Iran and bond yields remain elevated. Bessent was expected to chair a meeting of G20 … Read at Free Malaysia Today

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Updated 2 days ago First seen 2 days ago
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Tesla renames ‘Full Self-Driving’ to ‘Assisted Driving’ in Europe

BENGALURU: EV-maker Tesla has started calling its "Full Self-Driving" feature "Tesla Assisted Driving" on its European websites, dropping a name regulators have said was misleading, as CEO Elon Musk pushes for EU-wide approval for the software. The rebrand comes after Germany said on Tuesday Tesla … Read at Free Malaysia Today

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Updated 2 days ago First seen 2 days ago
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China, EU agree on dialogue, cars and rare earths after trade talks

BEIJING: China and the European Union reached an "understanding" on hybrid vehicles on Friday, as their commerce chiefs concluded talks with an agreement to strengthen dialogue, dispelling fears of a full-blown trade war. The EU's Maros Sefcovic and China's Wang Wentao agreed both sides would … Read at Free Malaysia Today

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Updated 2 days ago First seen 2 days ago
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EU removes Panama from tax haven blacklist

LUXEMBOURG: The EU removed Panama from its tax havens blacklist on Friday after the country made progress on sharing tax information and reformed a "harmful" regime of exemptions for foreign-source income. Vietnam was also removed after undertaking a series of reforms. The updated list now contains … Read at Free Malaysia Today

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Updated 2 days ago First seen 5 days ago
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Wall Street climbs as oil slips; SpaceX spectrum deal weighs on telecoms

Image via The Edge Malaysia

(Oct 9): US stock indices edged higher on Friday as oil prices retreated on easing Middle East supply concerns, though telecom shares remained under pressure after SpaceX's spectrum acquisition raised competitive concerns across the sector. Oil prices fell after US President Donald Trump said on … Read at The Edge Malaysia

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Updated 2 days ago First seen 6 days ago
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Ringgit ends higher against US dollar on Budget 2027 fiscal discipline

Image via Free Malaysia Today

KUALA LUMPUR: The ringgit closed higher against the US dollar on Friday, supported by the government’s commitment to fiscal consolidation under Budget 2027, an analyst said. At 6pm, the ringgit climbed to 4.0830/4.0875 against the greenback from Thursday’s close of 4.0890/4.0940. Bank Muamalat … Read at Free Malaysia Today

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