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Business

South Korea to spend US$95bil on green projects

SEOUL: South Korea has outlined a plan to spend 114.1 trillion won (US$94.6bil) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.

Analyst Reports

The future of Europe could be decided in Poland

THE European Union has many problems, but the most fundamental may be the rift between northern and southern member states and the even deeper fault line running between west and east.

Business

Malaysia in last ditch effort to avert EU palm oil curbs

BRUSSELS: Malaysia will present legal and technical arguments this week against an EU plan to limit the use of palm oil, the head of the country's marketing agency said on Tuesday, opposing a move that could lead to an eventual ban on the edible oil.

Business

US and global stock markets fall on trade war pessimism; oil at 4-year high

NEW YORK: Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.

Business

Free fall in Italy’s bond driven by liquidity vacuum

NEW YORK: The free fall in Italy’s debt underscored that even one of Europe’s biggest debt markets is subject to the traders’ adage that liquidity often dries up just when you need it most.

Business

Back to the future for Malaysia

MOST Malaysians, including myself, went to bed in the early hours of Thursday morning after hearing the news that the Pakatan Harapan coalition of four parties had won a simple majority of 113 seats out of the 222 parliamentary seats contested in the 14th General Election.

Business

Dollar sags after Trump's tariff decision takes wind out of recovery

TOKYO: The dollar dropped on Friday, having pulled sharply back from six-week highs after U.S. President Donald Trump's decision to impose tariffs on steel and aluminium took the wind out of the greenback's week-long recovery.