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WORLD

Malaysian ex-PM's wife sued over $346m of luxury goods

Bloomberg News, Published on 11/05/2024

» KUALA LUMPUR - 1Malaysia Development Bhd (1MDB) is among companies that are suing the wife of former Malaysian prime minister Najib Razak for allegedly obtaining over US$346 million worth of luxury goods through misappropriated funds.

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PROPERTY

Major Chinese city scraps housing curbs as easing gains pace

Bloomberg News, Published on 09/05/2024

» HANGZHOU- Hangzhou, a major city in eastern China, removed all of its remaining homebuying curbs in the latest example of a local government pursuing aggressive easing to end the property crisis.

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MOTORING

Carmakers flag difficult year on costs, muted EV demand

Bloomberg News, Published on 09/05/2024

» PORTLAND - Automakers across Europe and Asia are warning of a challenging year as rising costs and waning demand for electric vehicles (EVs) weigh on profits.

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WORLD

Israel raids Al Jazeera’s offices after banning broadcaster

Bloomberg News, Published on 06/05/2024

» Israeli officials seized Al Jazeera equipment on Sunday, hours after the nation’s cabinet approved a decision to shutter the Qatar-based TV news network’s operations in the Jewish state - an unprecedented step toward an international media outlet.

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TECH

Microsoft pledges $2.2bn in AI investment in Malaysia

Bloomberg News, Published on 02/05/2024

» KUALA LUMPUR - Microsoft Corp will invest US$2.2 billion to build digital infrastructure in Malaysia, the latest in a series of big-ticket bets on Asia’s rising prominence as a technology market.

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WORLD

Singapore plans law to support gig workers’ retirement

Bloomberg News, Published on 27/04/2024

» SINGAPORE - This year, Singapore will introduce a new law aimed at supporting so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.