Straits Herald

Straits Herald September 28, 2019

Malaysian Prime Minister Mahathir Mohamad on Friday urged greater international control of sanctions, criticizing US attempts to force all countries to stop doing business with Iran. “We do not know under what laws sanctions are applied. It appears to be the privilege of the rich and the powerful,” the outspoken 94-year-old leader said in an […]

Straits Herald September 27, 2019

SoftBank Group CEO Masayoshi Son is no stranger to controversy, but a meltdown at WeWork has sparked pointed questions about whether his enormous investments and futuristic pronouncements are more style than substance. It has been a tough year for Son, who transformed a firm that began in software into a powerful tech investor that backs […]

Straits Herald September 26, 2019

by John BIERS / AFP Boeing has reached settlements with 11 families of victims from October’s Lion Air crash, the first agreements following two deadly crashes that killed 346 people, a plaintiffs attorney said Wednesday. The Wisner Law Firm, which specializes in aviation cases, is also “optimistic” about reaching settlements on its remaining six cases […]

Straits Herald September 26, 2019

German car parts giant Continental said Wednesday it would launch a massive restructuring including job cuts and factory closures, aiming to save hundreds of millions of euros annually in costs. In total, 20,000 out of the group’s 244,000 jobs worldwide will be “affected by changes” between now and 2029, although not all of those will […]

Straits Herald September 25, 2019

by Francesco FONTEMAGGI / AFP The United States ramped up pressure on China at the UN General Assembly Tuesday, rallying countries against Beijing’s treatment of Uighur Muslims and warning it is watching on Hong Kong. President Donald Trump fired several shots across the bow of the fellow Security Council member, moving beyond his typical attacks […]

Straits Herald September 25, 2019

by Catherine KURZAWA / AFP Google is not required to apply an EU “right to be forgotten” to its search engine domains outside Europe, the EU’s top court ruled Tuesday in a landmark decision. The European Court of Justice handed victory to Google in the case, seen as crucial in determining whether EU online regulation […]

Straits Herald September 25, 2019

by Juliette MICHEL / AFP WeWork co-founder Adam Neumann, whose unconventional approach to business and governance pushed boundaries on Wall Street and Silicon Valley, stepped down as chief executive on Tuesday. Under pressure from some board members, Neumann will exit the corner office as the company tries to reposition an initial public offering campaign that has […]

Straits Herald September 24, 2019

Air pollution from Indonesian forest fires is putting nearly 10 million children at risk, the United Nations warned Tuesday, as scientists said the blazes were releasing vast amounts of greenhouse gases. The fires have been spewing toxic haze over Southeast Asia in recent weeks, closing schools and airports, with people rushing to buy face masks […]

Straits Herald September 24, 2019

by Roland JACKSON / AFP Sterling bounced briefly on Tuesday after Britain’s Supreme Court ruled “unlawful” a decision by Prime Minister Boris Johnson to suspend parliament in the run-up to Brexit. The pound rallied to $1.2489 as traders mulled the prospect that Britain could avoid a no-deal departure from the European Union on October 31, […]

Straits Herald September 23, 2019

edotco Group strengthens position in the region with eighth market entry into the Philippines Spearheading the shared infrastructure model in the Philippines to improve operational efficiencies in the telecommunications industry  Intends to build 1,000 towers in three years, plans to invest USD100 mil over five years edotco Group Sdn Bhd, a Malaysian-based firm, enters the Philippines market. They […]

Straits Herald September 23, 2019

Indonesian authorities have cited failures in the Boeing 737 MAX design and oversight as contributing to the 2018 Lion Air plane crash, the Wall Street Journal reported on Sunday. The report into the crash, which will be formally released in early November, also blames pilot error and maintenance issues for the crash that killed 189 […]

Straits Herald September 23, 2019

Australia has lifted a temporary ban on controversial live sheep exports, with the first ship due to depart for the Middle East this week with about 60,000 animals on board. The live export trade has been under scrutiny since horrific footage of dead and dying heat-stressed sheep on vessels bound for the Middle East was […]

Straits Herald September 23, 2019

by Andrew MARSZAL / AFP “Game of Thrones” took the top Emmy for best drama Sunday but dark British comedy “Fleabag” was the surprise big winner of television’s glitziest night, dominating the comedy prizes at a star-studded ceremony in Los Angeles. “Thrones” — the most decorated fictional show in the history of the Emmys, television’s […]

Straits Herald September 21, 2019

Authorities are probing a customer data leak at Lion Air, Indonesia’s communications ministry said Friday, in a breach that reportedly affected millions of the carrier’s customers. Two of the airline’s subsidiaries, Malaysia-based Malindo Air and Thai Lion Air, acknowledged passenger data may have been stolen from remote servers operated by Amazon. “Thai Lion Air has […]

Straits Herald September 20, 2019

by Sebastien BERGER / AFP Like a scene from an epic film, thousands of workers swarm over the building sites of Samjiyon, a monumental construction project in the far reaches of North Korea ordered by leader Kim Jong Un. They clamber over wooden scaffolding and dangle from window frames, and whether they are carrying loads, sifting […]

Straits Herald September 19, 2019

Chinese tech giant Huawei launches its latest high-end smartphone in Munich on Thursday, the first that could be void of popular Google apps because of US sanctions. Observers are asking whether a phone without the Silicon Valley software that users have come to depend on can succeed, or whether Huawei will have found a way […]

Straits Herald September 19, 2019

by M. Jegathesan / AFP Malaysia said Thursday it will raise pressure on its Southeast Asian neighbours to find a solution to recurring outbreaks of smog-belching forest fires in Indonesia, as air quality plummeted and more schools closed. Blazes to clear agricultural land in the archipelago are sending toxic haze across Southeast Asia, with Jakarta’s […]

Straits Herald September 19, 2019

by Catherine KURZAWA / AFP Apple went on the offensive against Brussels in an EU court on Tuesday, fighting the European Commission’s landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes. The EU’s tax demand, made three years ago, “defies reality and common sense,” Apple’s lawyer Daniel Beard told […]

Straits Herald September 17, 2019

Indonesia has arrested nearly 200 people over vast forest fires ripping across the archipelago, police said Monday, as toxic haze sends air quality levels plummeting and sparks flight cancellations. Jakarta has deployed thousands of personnel to battle blazes that are turning land into charred landscapes and consuming forests in Sumatra and Borneo islands, where thousands […]

Straits Herald September 17, 2019

Purdue Pharma has filed for bankruptcy in a settlement agreement in a move it hopes will head off further legal proceedings in relation to its role in spreading the opioid crisis in the US, the company said in a statement on Sunday. Owned by the wealthy Sackler family, the pharmaceutical giant is facing thousands of […]

Straits Herald September 17, 2019

Google on Monday sent out invitations to an October 15 event starring “things Made by Google,” with a new Pixel smartphone expected in the line-up. The unveiling in New York City is likely to spotlight Google’s Android-powered challenge to the latest generation of iPhones recently unveiled by Apple. The smartphone rivals typically introduce new hardware […]

Straits Herald September 16, 2019

In taking this spot, Bezos bumped Microsoft cofounder Bill Gates down to second place. Bezos became the richest man in modern history earlier this year, and has a net worth of $160 billion; last year, his worth was $81.5 billion. Since becoming the richest man in modern history earlier this year, Amazon CEO Jeff Bezos […]

Straits Herald September 16, 2019

by Ben PERRY / AFP Brent crude surged by 20 percent Monday — the biggest gain since the 1991 Gulf War — after weekend drone attacks on two Saudi oil facilities halved output in the world’s top crude exporter, fuelling fresh geopolitical and growth fears. WTI oil meanwhile soared 15 percent, also after President Donald […]