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The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their US cloud and internet businesses by providing it to Beijing. — Reuters file pic

US probing China Telecom, China Mobile over internet, cloud risks

PetroChina International America, a unit of PetroChina, has agreed to pay a fine and forfeiture totlaling US$14.5 million for violations of US export law, the Justice Department said on Tuesday. — Reuters file pic

PetroChina to pay US$14.5m fine for US export violations, DOJ says

The company will produce only 38 units of the Valiant, a vehicle designed by the Aston Martin team alongside Formula One driver and two-time world champion Fernando Alonso. — Reuters pic

Aston Martin to start delivery of Alonso-inspired race car Valiant in fourth quarter

German auto giant Volkswagen will invest US$5 billion in US electric vehicle maker Rivian and create a joint venture expected to produce technology used by both automakers, the companies announced Tuesday. — Reuters pic

VW to invest US$5b in EV maker Rivian, establishing joint venture

The S&P 500 technology sector gained 1.0 per cent, recovering some of yesterday’s losses. — Reuters pic

Nasdaq gains as chip stocks recover ground; Dow pulls back

Shein confidentially filed papers with Britain’s markets regulator in June, two sources told Reuters yesterday, kicking off the process for a potential London listing later this year. ― Reuters file pic

Shein’s potential IPO to be a ‘badge of shame’ for LSE, Amnesty International says

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MEET48 Introduces IdolGPT: Initial Testing and UGC Submission

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Jollibee North America Announces Expansion Plans Following Record-Breaking Performance in 2023 and Strong Q1 2024

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2024 New Taipei Smart City International Forum Bringing Together Cross-Border Exchange in New Taipei: AI and Sustainability as Dual Engines for Future Development

The bank’s research arm said that the direct impact of diesel subsidy float in Peninsular Malaysia would be marginal, with a potential upside on the headline inflation of less than 0.1 per cent. — Picture by Sayuti Zainudin

RHB Investment lowers Malaysia’s 2024 inflation forecast to 2.6pc

At 6 pm, the ringgit traded at 4.7035/7070 versus the greenback compared with yesterday’s close of 4.7110/7150. — Picture by Shafwan Zaidon

Ringgit ends higher versus US dollar, regional peers

Unlike other digital banks such as GXBank and Aeon Bank, the Boost Bank experience seems overly complicated. — SoyaCincau pic

Boost Bank: Probably the most complicated digital bank right now

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MoneyHero Group Reports First Quarter 2024 Results

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 4.28 points, or 0.27 per cent, to 1,585.38 from Monday’s close of 1,589.66. The benchmark index opened 0.50 of a point weaker at 1,589.71 and moved between 1,582.35 and 1,594.71 throughout the session. ― Picture by Razak Ghazali

Bursa Malaysia extends loss on lack of catalysts

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Etiqa Insurance Singapore Celebrates Thomson-East Coast Line (TEL) Opening at Marine Parade Station

Chief executive officer Tan Sri Tony Fernandes says Capital A Bhd expects to see an improved financial performance for the upcoming second quarter and the remainder of the second half of 2024 (2H 2024) for AirAsia. — Picture by Sayuti Zainudin

Capital A expects better performance in 2H 2024, says Tony Fernandes