World

Police arrest 43, seize 520 million euros in Europe-wide probe into mafia and tax evasion

MILAN (Reuters) - Police across Europe arrested 43 people and seized 520 million euros ($547 million) in a European investigation into a criminal conspiracy to evade VAT through money laundering and mafia activity, the European public prosecutors' office (EPPO)and Italian police said on Thursday.

Nation

Salesman arrested for lodging false report over lost MyKad

KUALA LUMPUR: A 25-year-old salesman has been arrested for lodging a false police report over the loss of his identity card, claiming that he was robbed.

Corporate News

Starbucks Malaysia operator reports net loss of RM33.7mil in 1Q

KUALA LUMPUR: Berjaya Food Bhd (BFood) reported a net loss of RM33.7mil in the first quarter ended Sept 30, from a net profit of RM19.03mil a year ago.

Indonesia

Indonesia's VP visits area hit by Mount Lewotobi Laki-laki volcano eruptions

EAST FLORES, (Indonesia): Indonesia's vice president visited areas hit by multiple eruptions of the Mount Lewotobi Laki-laki volcano on Thursday (Nov 14), as some international airlines resumed flights to the resort island of Bali, officials said.

Metro News

New slip road at Klebang roundabout open to traffic

MELAKA: The newly constructed slip road at the Klebang roundabout leading towards Batang Tiga is now accessible to traffic, says Datuk Wira Lim Ban Hong.

Cricket

Cricket-Ngidi out of South Africa’s test summer, Bavuma in fitness race

(Reuters) - South Africa seamer Lungi Ngidi has been ruled out of the home test summer with a groin injury, missing series against Sri Lanka and Pakistan, while captain Temba Bavuma will have a fitness test on Monday to assess his availability.

World

Trump election offers new possibility for US-Russian dialogue, Russian envoy says

GENEVA (Reuters) - The election of Donald Trump opens a possibility for new dialogue between Russia and the United States although Washington's aim remains to contain Moscow, the Russian ambassador to the U.N. in Geneva told reporters on Thursday.

Corporate News

LBS Bina signs MoU for 10GW Green Hydrogen Plant in Sabah

KUALA LUMPUR: LBS Bina Group Bhd has signed a memorandum of understanding (MoU) with Invest Sabah Bhd, the Sabah Forestry Development Authority (SAFODA), and Midwest Green Sdn Bhd (MGSB).

Nation

Perak drug bust: Man paid just RM100 to transport RM2mil worth of meth, say cops

TANJUNG MALIM: Police detained three individuals, including a married couple, and seized more than 51kg of methamphetamine at the Slim Perdana Business Centre in Taman Sri Jaya near Slim River on Monday (Nov 11).

World

Analysis-In choosing his team, Trump opts for personal ties and TV chops

WASHINGTON (Reuters) - In staffing his incoming administration, President-elect Donald Trump has so far veered from the conventional to the confounding. But his choices all seem to have one thing in common: A bond with Trump himself.

Forex

Ringgit, emerging market currencies slide against greenback at the close

KUALA LUMPUR: The ringgit, along with other emerging market currencies, continued to depreciate against the greenback on Thursday as uncertainties over Trump 2.0 policies and their impact on the US Federal Reserve’s (Fed) monetary policy looms large, an economist said.

Technology

Analysis-Crypto industry pushes for policy sea change after Trump victory

(Reuters) - The crypto industry is pushing for an ambitious raft of policies that would promote the widespread adoption of digital assets and considering who best to promote them, as they anticipate a cryptocurrency-friendly regime under President-elect Donald Trump.

World

Under Trump, US government legal stance poised to shift at Supreme Court

WASHINGTON (Reuters) - Republican Donald Trump's return to the presidency is expected to precipitate a shift in the U.S. government's legal stance in major cases pending at the Supreme Court, including a closely watched dispute involving Tennessee's ban on gender-affirming medical care for transgender minors.

Singapore

Police report made over Facebook page impersonating Plaza Singapura to sell Labubu dolls

SINGAPORE: A Facebook page impersonating Plaza Singapura has been flagged after it gained traction online by promoting the sale of Labubu figurines at a discount.

Technology

EU says Booking must comply with Digital Markets Act

AMSTERDAM (Reuters) -Hotel reservation website Booking.com must comply with strict EU obligations as of Thursday, following its designation as a "gatekeeper" under the Digital Markets Act in May, the European Commission said.

Energy

PETRONAS invests another RM7.5bil in Pengerang Integrated Complex

JOHOR BAHRU: Petroliam Nasional Bhd (PETRONAS) has made new investments totalling RM7.5 billion at the Pengerang Integrated Complex (PIC) near Kota Tinggi.

STARPICKS

DRIVING INNOVATION IN THE AUTOMOTIVE INDUSTRY

KUALA LUMPUR: The Kuala Lumpur International Mobility Show (KLIMS) 2024 is set for a highly anticipated return in December this year.

Myanmar

Thai military accused of beating Myanmar man to death

BANGKOK: A human rights organisation on Thursday (Nov 14) accused the Thai military of torturing and killing a Myanmar man near the border between the two countries this year.

Corporate News

Bumi Armada, MISC sign MoU to explore offshore business merger

KUALA LUMPUR: Bumi Armada Bhd has signed a non-binding memorandum of understanding (MoU) with MISC Bhd to explore the possibility of merging with the latter’s offshore business through an all-share transaction.

Nation

Motion sensors, warning lights proposed for wildlife roadkill hotspots

KUALA LUMPUR: The use of Internet of Things (IoT) technology and artificial intelligence (AI) through motion detection devices has been proposed at wildlife roadkill hotspots (where night collisions have killed six critically endangered Malayan Tigers in two years), says Nik Nazmi Nik Ahmad.