ByteDance, the owner of the social media platform TikTok, has filed a lawsuit against the United States government in an effort to block a law that would force it to divest from its US assets. On Tuesday, lawyers for ByteDance filed the complaint in the US Court of Appeals in…
Cancellation of inaugural crewed space mission comes as Boeing is under fire over safety record at its aviation arm. Boeing has called off the inaugural crewed flight CST-100 Starliner space capsule after engineers detected an issue with a rocket valve. The decision to call off the launch on Monday came…
Federal Aviation Administration says Boeing voluntarily informed officials that inspections may not have been completed. Air safety officials in the United States are investigating whether employees at Boeing falsified inspections records for the 787 Dreamliner. The Federal Aviation Administration said on Monday that it had opened the probe after Boeing…
Chinese President Xi Jinping set to hold talks with Ursula von der Leyen and French President Emmanuel Macron in Paris. European Union chief Ursula von der Leyen has said she will push for competition with China that is “fair and not distorted” in talks with Chinese President Xi Jinping. “I…
Company-wide memo says the newspaper is shifting its ‘center of gravity in the region’ to Southeast Asian hub. Hong Kong, China – The Wall Street Journal has announced staff cuts at its Hong Kong bureau as it shifts its “center of gravity in the region” to Singapore, marking the latest…
Franchise operator cites ‘challenging economic conditions’ amid local reports linking closures to boycotts of Israel. KFC Malaysia has temporarily closed some outlets in the country amid calls to boycott the chain over Israel’s war in Gaza. KFC is among a number of Western brands in Malaysia, where more than 60…
Sales of the iPhone fall 10 percent amid growing competition from Chinese rivals such as Huawei. Apple’s revenue has dipped for a fifth consecutive quarter, driven by the steepest decline in iPhone sales since the early days of the COVID-19 pandemic. The California-based tech giant on Thursday reported a profit…
Results highlight the dramatic decline of Gazprom since Russia launched its full-scale invasion of Ukraine in 2022. Kremlin-owned gas giant Gazprom has said it plunged to a net loss of 629 billion roubles ($6.9bn) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with…
Paris-based organisation predicts global economy to expand by 3.1 percent this year and 3.2 percent in 2025. The Organisation for Economic Co-operation and Development (OECD) has upgraded its outlook for the global economy on the back of stronger-than-expected growth in the United States and China. The global economy is forecast…
Microsoft CEO Satya Nadella says firm will provide education and training to 200,000 people. Microsoft will invest $2.2bn in artificial intelligence and cloud infrastructure in Malaysia to support the country’s digital transformation, the tech giant has said, following similar announcements in Indonesia and Thailand. The announcement by Microsoft CEO Satya…
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