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Business

Burned by Dubai, Mobius joins chorus of doom after property bust

DUBAI: Three years ago, Mark Mobius saw his luxury apartments in Dubai go up in flames. While the suites have by now been restored to their old splendor, the investor has something else to worry about: the frenzy of construction that’s adding to the existing glut in real estate.

Business

New Zealand's Ardern visits China as countries look to reset relations

BEIJING: China and New Zealand signed agreements on eliminating double taxation and tax avoidance as the two countries look to shore up relations following a series of incidents that cast doubt on the strength of their economic partnership.

Business

Zuckerberg calls for global Internet regulations

SAN FRANCISCO: Facebook Inc chief executive officer Mark Zuckerberg called for new global regulations governing the Internet, recommending overarching rules on hateful and violent content, election integrity, privacy and data portability.

Business

Oil stocks run out of gas

PETALING JAYA: The strong recovery enjoyed by oil and gas (O&G) stocks since the start of the year seems to have come to an abrupt halt.

Markets

US, global stocks lose ground

NEW YORK: A gauge of global stocks lost ground for a third straight session on Wednesday, unable to build momentum from a jump in Chinese equities, while the Canadian dollar weakened after a dovish turn by the Bank of Canada

Advertising & Media

Call for advertising filmmakers to stay united

PETALING JAYA: United we stand, divided we fall. That is the phrase which the Malaysian Association of Advertising Filmmakers (PPFIM) is inspiring its members to collectively inculcate for the betterment of the advertising film industry.

Markets

World markets themes for the week ahead

Following are five big themes likely to dominate thinking of investors and traders in the coming week.

Markets

Pressure remains as trade tensions continue

REVIEW: The trade truce between the US and China brokered at the G20 summit last Saturday was initially seen to exceed expectations, although it wasn’t long before it dawned on investors that the policy delay amounted to very little.

Corporate News

Australia passes encryption law targeting WhatsApp, Signal

CANBERRA: Australia’s parliament passed some of the world’s toughest anti-encryption legislation Thursday,installing a bill that seeks to force Facebook Inc. and other tech giants to help decode messages used in terrorism and organised crime.

Economy

A decade of US economic sluggishness may have just snapped back to normal

WASHINGTON: For a solid decade after the collapse of Lehman Brothers touched off a global financial crisis, there was good reason to think the U.S. economy remained broken, from skepticism about the health of the labor market to tepid economic growth and the moribund rate of interest paid on U.S. Treasury bonds.