WASHINGTON, United States (US): US Federal Reserve Chair, Jerome Powell, has asked the central bank’s inspector general to review the renovation project of its headquarters after criticism from the White House, according to local media, reported Xinhua. Kevin Hassett, director of the National Economic Council, said Monday in an interview
KUALA LUMPUR: Bank Negara Malaysia’s recent overnight policy rate (OPR) cut to 2.75 per cent is expected to boost buyer sentiment and ease mortgage pressures, says PropertyGuru and iProperty Malaysia country manager Kenneth Soh. “This may mark the start of a more accommodative cycle to support economic resilience,” he said,
KUALA LUMPUR: Malaysia’s trade performance for this year remains within expectations and is on track to reach the target growth of four to five per cent, said Investment, Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz. Nevertheless, Tengku Zafrul said the Ministry of Investment, Trade and Industry (MITI)
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has raided the premises of NationGate Holdings Bhd’s wholly-owned subsidiary, NationGate Solution (M) Sdn Bhd, as part of an ongoing investigation into allegations of scrap metal smuggling. “The board views these allegations with utmost seriousness and has taken proactive steps to ensure full
KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) has not found any evidence of incidents relating to the smuggling of high-performance artificial intelligence (AI) chips, said its minister, Tengku Datuk Seri Zafrul Tengku Abdul Aziz. He said the ministry has been working closely with authorities such as the
KUALA LUMPUR: The National Anti-Drug Agency (AADK) will not compromise or protect any staff involved in misconduct or breaches of integrity. Its director-general, Datuk Ruslin Jusoh, said action would be taken against individuals found guilty, in accordance with the provisions of the law and the service code of conduct in force. He was referring to an
BEIJING: Jensen Huang, CEO of US tech giant Nvidia, praised China’s rapid advancements in artificial intelligence (AI) during his visit to Beijing on Tuesday, describing the Chinese market as both “large” and “dynamic”. “AI is moving very fast in China,” Huang said in an interview here, highlighting the thriving AI
MOSCOW: The United States plans to open its first major copper mine in more than a decade, which will allow the country to launch sales of copper cathode by the end of 2028, reported Sputnik/RIA Novosti quoted The Wall Street Journal newspaper, citing sources. If all goes according to plan,
BY NUR ASHIKIN ABDUL AZIZ SINGAPORE: World Aquatics announced that the Women’s 10km open water swimming event, scheduled to be held in Sentosa, Singapore on Tuesday, has been postponed due to water quality levels exceeding acceptable thresholds. “The health and safety of participants remains the highest priority in all competition-related decisions,” said the
SEOUL: Samsung Electronics Co. maintained its lead in the global smartphone market in the second quarter, supported by sales of its competitively priced Galaxy A models, industry data showed on Tuesday, Yonhap News Agency reported. According to data from market tracker Canalys, Samsung accounted for 19 per cent of the
