Malaysia won’t use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s monetary policy decisions will be determined by economic growth and the inflation outlook.
Genius or madness? Why Putin wants an economist to be Russia’s new defense minister at a key point in the war
Analysts take a look at what economist Andrei Belousov can bring to the Russian defense ministry.
China drives EV boom this year amid strong demand for hybrid vehicles
EV shipments, including fully battery-powered vehicles and hybrids, were up 18% in the first three months of 2024 compared with the same period last year.
Forget U.S. stocks — UBS says Europe’s are a better bet. Here’s why
In a bold “U-turn,” UBS says European stocks are now more attractive than their U.S. counterparts.
U.S. and Taiwan navies reportedly held secret Pacific drills in April
The U.S. and Taiwan navies reportedly conducted joint drills in the Pacific in April that officially did not take place, sources briefed on the matter said.
Walmart to reportedly lay off hundreds of corporate staff and relocate others
Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter.
AI boom to keep supply of high-end memory chips tight this year, analysts warn
SK Hynix and Micron – the world’s largest memory chip suppliers – are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also almost sold out.
Asia-Pacific markets pare gains as investors assess inflation data from India and Japan
Investors were assessing consumer inflation data from India as well as Japan’s corporate inflation numbers.
Sri Lanka travel visa costs doubled to $100 last month. The reason for the hike is disputed
VFS Global “missed out” on offering 30-day e-visas to Sri Lanka, Tourism Minister Harin Fernando told CNBC Thursday. But VFS Global said it was following orders.
China and India still rely heavily on coal, climate targets remain ‘very difficult’ to achieve
China and India have not reduced coal generation for electricity, making it harder for Asia’s largest carbon emitters to reach their climate targets.
