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Facebook, Oculus execs ordered to pay $500m in virtual reality lawsuit

LOS ANGELES: Facebook's virtual reality subsidiary Oculus and its executives have been ordered by a Dallas jury to pay game developer ZeniMax Media $500 million in damages over copyright infringement and the violation of a non-disclosure agreement.

Philippines defence ministry wants go-ahead to help drugs war, arrest 'scalawag' police

MANILA (Reuters) - The Philippine defence ministry asked President Rodrigo Duterte on Wednesday to issue an order for the military to play a role in his war on drugs, including granting troops powers to arrest "scalawag" police.

Najib: Annuar Musa to remain as Umno information chief for now

PEKAN: Umno president Datuk Seri Najib Tun Razak said Tan Sri Annuar Musa will remain as Umno information chief for now.

Chinese envoy: Sabah govt must ensure safety of tourists

KOTA KINABALU: An explanation is due to the families of the Chinese tourists who died in the lunar new year catamaran tragedy, China's ambassador Huang Huikang said.

New phase of attack on IS in Syria aims to encircle Raqqa - Kurdish military source

BEIRUT (Reuters) - The U.S.-led coalition fighting Islamic State has boosted support for its Syrian allies, supplying armoured vehicles for the first time as they prepare for a new phase in their campaign to capture Raqqa, a spokesman for the militia said on Tuesday.

Most SRC shareholders heed advice to reject takeover offer

KUALA LUMPUR: Most shareholders of Shell Refining Co (Federation of Malaya) Bhd (SRC) heeded independent adviser AmInvestment Bank’s advice to reject Malaysian Hengyuan International Ltd’s (MHIL) unconditional takeover offer of the refiner at RM1.92 per share.

Asean marks 50th anniversary with record participation at WEF

KUALA LUMPUR: The 10 Asean countries marked the region’s 50th anniversary by setting record participation at the World Economic Forum Annual Meeting 2017 (WEF) in Davos-Klosters, Switzerland, held from Jan 17-20.

Seadrill tumbles 25% amid challenging debt revamp talks

LONDON: Seadrill Ltd, the offshore driller with the heaviest debt load, dropped as much as 25% yesterday to the lowest since November as equity investors face “significant dilution” with the debt restructuring process.

Regional stocks drop on fears US immigration policies may cause instability

PETALING JAYA: Asian markets got roasted as they heralded the “Year of the Rooster”. They witnessed a selldown across asset classes on the first day of trading after the Chinese New Year (CNY) break, as investors turned bearish on US president Donald Trump’s immigration ban and the dismissal of the US acting attorney-general.

EU must stay focused on its own priorities despite Brexit - Merkel

STOCKHOLM (Reuters) - The European Union must remain focused on its own issues such as migration, the labour market, digitalisation, security and increased defence cooperation, even as Britain leaves the bloc, German Chancellor Angela Merkel said on Tuesday.