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Labour win ushers fresh start for Indonesia-Australia ties
JAKARTA (The Jakarta Post/Asia News Network): Indonesia has pinned its hopes on more policy alignment with the new Australian government, after Labour Party leader Anthony Albanese was sworn into the premiership on the promise of a progressive climate policy and of putting immediate neighbours at the heart of its foreign policy.
In meeting with Biden, Australia's Albanese recalls colourful first trip to U.S
SYDNEY (Reuters) - Australia's Prime Minister Anthony Albanese held his first meeting as leader with U.S. President Joe Biden on Tuesday, prompting Biden to jokingly stage a mock walk-out as the Labor Party leader recalled his first visit to Washington.
German grocery app Gorillas to cut staff in search of profit
FRANKFURT (Reuters) - Gorillas will lay off 300 people, cutting its administrative staff in half, as the German grocery delivery app shifts focus from rapid expansion to turning a profit, Chief Executive Kagan Sumer said.
Vietnam EV maker VinFast to shift HQ to Singapore ahead of IPO, first exports
(Reuters) - Vietnam's VinFast is shifting its headquarters to Singapore as the fledgling electric vehicle (EV) maker readies for a public listing and the first production run of cars for U.S. and European markets, its chief executive told Reuters.
UK fines US AI firm £7.5mil over mass image collection
Britain announced Monday it had fined US facial recognition company Clearview AI Inc more than £7.5mil (RM41.38mil) for amassing online images of people without their knowledge.
Inflation low and under control due to subsidies, price controls: Mustapa
KUALA LUMPUR: Although inflation for April is expected to rise following the increase in the prices of goods, the rate is still seen as low and under control due to the broad-based subsidies provided by the government, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
Australia's Albanese said strong views expressed in Quad meeting on Russia
TOKYO (Reuters) - Australia's Prime Minister Antony Albanese said on Tuesday "strong views" were expressed on Russia in a meeting of leaders of the Quad group of countries.
Asia stocks skid with U.S. futures, euro holds gains
SYDNEY: Asian shares slid on Tuesday as relief at a rally on Wall Street was punctured by a retreat in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise from the ECB.
Oil prices fall on concerns over recession, China Covid curbs
SINGAPORE: Oil prices fell by more than $1 on Tuesday as concerns over a possible recession and China's COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season.
Samsung commits US$356bil in investments with 80,000 new jobs
SEOUL (AFP): Samsung Group on Tuesday (May 24) unveiled a massive US$356 billion investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.
