US crude crashed to below $15 a barrel on Monday, its lowest level for over two decades, as concerns about a virus-triggered demand shock and lack of storage eclipsed an output cut deal. West Texas Intermediate (WTI), the US benchmark, fell more than 19 percent to $14.73 a barrel in early Asian trade, before markets […]

A former South Korean coast guard chief was indicted in mid-February 2020 for allegedly bungling rescue operations at one of the country’s deadliest maritime disasters, when more than 300 people were killed, most of them schoolchildren. The 6,825-tonne Sewol capsized off the south coast on 16th April 2014, and many of the students — who were […]

Apple on Wednesday launched a new iPhone aimed at the budget-minded, aiming to fill a gap in its lineup ahead of upgrading its flagship handset. The updated iPhone SE will start at $399 (RM1,999), or less than half the price of its leading flagship devices and be available as of Friday. In Malaysia, 64GB is […]

The US Justice Department announced Tuesday it had sent $300 million in funds stolen in the 1MDB corruption scandal to the Malaysia government that had been laundered through the global financial system. Combined with other funds handed over nearly one year ago, the Justice Department said it has now returned or helped Malaysia recover more […]

by Glenn Chapman Is now the time to launch a new iPhone? Despite a pandemic-induced global economic crisis, Apple is widely believed to be set to release a reduced-priced handset that aims to fill a gap in its lineup, as early as this month. Google could also follow a similar path, after Samsung last week […]

Oil prices rallied Monday after top producers agreed to slash output and shore up coronavirus-ravaged energy markets, but some analysts were concerned the cuts did not go far enough. US benchmark West Texas Intermediate was up 7.7 percent at $24.52 a barrel in Asian trade while Brent crude, the international benchmark, put on 5.0 percent […]

by Nina Larson China last year became the world leader in international patent filings, unseating the United States which had held the top spot for more than four decades, the UN said Tuesday. A record 265,800 international patent applications were filed last year, a hike of 5.2-percent from 2018, the World Intellectual Property Organisation said […]

Singapore’s usually bustling business district was almost deserted Tuesday as most workplaces in the city-state closed to stem the spread of the coronavirus after a surge in cases. The financial hub has won praise for using a tough regime of testing and tracing contacts of the sick to keep its outbreak largely in check, but […]

by Andy SCOTT UEFA and Europe’s top clubs have stated their determination that the current football season should be played to a conclusion and threatened that teams may be excluded from the next Champions League if their domestic competitions are ended prematurely. In a joint letter released late on Thursday, UEFA, the European Club Association […]

Malaysia’s government apologised Tuesday after its advice for women to wear make-up and not nag their husbands during the country’s coronavirus lockdown sparked online anger and mockery. Like many countries, the Southeast Asian nation has ordered all citizens to stay at home to stem the spread of the virus, which has killed over 30,000 people […]