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SAN FRANCISCO: The power generators that supply PG&E Corp were dealt a major blow as a judge ruled that federal regulators can’t keep their supply contracts from getting killed as part of the utility giant’s bankruptcy case.
WASHINGTON: The US government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world's largest companies.
WASHINGTON: President Donald Trump on Wednesday signed an executive order declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China's Huawei Technologies Co.
Comment by Terence Gomez PAKATAN Harapan’s unexpected victory in Malaysia’s 14th General Elections (GE14) was one of monumental proportions as the ruling Barisan Nasional, under Umno’s control, had instituted a series of unscrupulous methods to retain power. Pakatan, led by Tun Dr Mahathir Mohamad, had achieved a colossal feat, unseating a powerful Umno that had never lost power.
KUALA LUMPUR and SYDNEY: Over the last four decades, growing concentration of market power in the hands of oligopolies, if not monopolies, has been greatly enabled by ostensibly neo-liberal reforms, worsening wealth concentration and gross inequalities in the world.
Analysts don’t expect new Fed appointees to change policy direction, but former central bankers worry about erosion of institution's nonpolitical stance