Muhammad Asim

In an audacious display of brinkmanship, a Chinese warship darted alarmingly close to the US destroyer USS Chung-Hoon in the Taiwan Strait, threatening international peace and escalating already heated tensions. The US military described this as a risky and unprofessional move by China, which only serves to ignite conflict in the area.

The FBI has released its first declassified document about the September 11, 2001 attacks, following President Biden's executive order. The 16-page report highlights contacts between hijackers and Saudi officials but does not conclusively prove government involvement.

Reliance Industries and Google postponed their low-cost smartphone launch planned for September 10, citing industry-wide semiconductor supply constraints. The collaboration between Reliance Telecom and Google aims to develop an ultra-affordable JioPhone, with efforts continuing to make it available during the Diwali festive season.

Senate Democrats are exploring a stock buyback tax as a potential revenue source for the $3.5 trillion spending bill. The proposal aims to generate funds without directly raising corporate tax rates, amid political tensions surrounding infrastructure financing and the 2022 midterm elections.

Toyota and Honda criticize a Democratic proposal offering a $4,500 tax incentive exclusively for union-made electric vehicles in the United States, arguing the plan discriminates against non-union auto workers and manufacturers.

The US president spoke to the Chinese president for the first time since taking office. Washington / Beijing: US President Joe Biden has spoken over...

Wall Street and European stocks decline as investors worry about economic recovery pace, COVID-19 Delta variant impact, and recent US job market data. Central bank policies and reopening economies remain key market drivers.

Moody's reports global Sukuk issuance will remain flat in 2023 after five years of growth. Higher crude prices reduce Gulf governments' financing needs. Southeast Asian markets like Malaysia and Indonesia drive first-half issuance, with a 3% increase to US$102 billion, while Gulf region volumes decline.

Finance Minister Tengku Zafrul emphasizes the need for unique economic reform strategies, highlighting innovative business models and production techniques as critical for Malaysia's future economic progress during challenging pandemic times.

Malaysia is working to address semiconductor order backlogs that emerged during the pandemic. Lockdown-related operational suspensions, combined with global manufacturing disruptions like factory incidents and the Suez Canal blockage, have significantly impacted integrated circuit component supplies worldwide.