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In a move to support civil servants amidst economic fluctuations, Malaysian Prime Minister Anwar Ibrahim has introduced a substantial pay raise of over 13%, a historical high, which will be effective from December. This announcement comes as Malaysia faces several economic ...

Samsung Electronics reported a ten-fold surge in its Q1 operating profit, driven by robust demand for AI technologies and a tightening supply of high-end memory chips.This upswing in profits increased Samsung's shares by 1.8% following the announcement. The South Korean ...

The value of the Japanese yen has reached a historic low, as it traded at 160 against the U.S. dollar. This is the first time the yen has dropped to this level since April 1990, when it briefly touched 160.15. ...

Alphabet Inc.'s shares surged 14% after publishing an impressive first-quarter earnings report that exceeded Wall Street expectations. The tech giant announced a robust revenue increase of 15% year over year, reaching $80.54 billion, compared to the anticipated $78.59 billion. This marked ...

Meta, the parent company of Facebook, Instagram, and WhatsApp, saw a major drop in its stock value, plummeting by approximately 13% in premarket trading. This sharp decrease posed a threat to reduce its market value by nearly $163 billion. Despite reporting ...

TikTok, owned by the Chinese company ByteDance, is currently facing a critical moment in its existence. The U.S. government is mandating its sale to avoid a nationwide ban. With 170 million users in the U.S. alone, the outcome of this ...

In a significant development in China's smartphone market, Huawei is rapidly regaining its position and is now close to overtaking Apple in its home market. In Q1, Huawei witnessed an impressive 70% surge in smartphone sales, while Apple faced a decline ...

Cryptocurrency exchange giant Binance has been granted a virtual asset service provider (VASP) license by Dubai's Virtual Assets Regulatory Authority (VARA). This development allows Binance’s Dubai unit, BinanceFZE, to expand its service offerings beyond spot trading to include margin trading and ...

Huawei, the Chinese technology giant, has launched its new Pura 70 series of smartphones, a major step in its bid to reclaim market dominance in China and ramp up competition with Apple. This move follows Huawei's strategic release of the Mate ...

Christine Lagarde, President of the European Central Bank (ECB), has said that the ECB may reduce interest rates regardless of the US Federal Reserve's actions. She made these comments during a discussion at the International Monetary Fund's spring meetings held ...

China's economy showed a robust performance in Q1 2024, with a year-on-year GDP growth of 5.3%, surpassing the predicted 4.6% growth, and marking an improvement from the previous quarter's 5.2% growth. This early-year surge was primarily fueled by significant advancements in ...

In the first quarter of the year, Singapore's economic growth was 2.7% compared to the same period last year. This was below the initial forecast of 3.0% growth. Although this performance was slightly better than the previous quarter, it was ...

The European Central Bank (ECB) has hinted at easing monetary policy in the near future, signaling a potential reduction in interest rates despite the uncertainty surrounding the Federal Reserve's actions in the United States. Maintaining interest rates at a consistent 4% ...

The Bitcoin community is poised for the 2024 halving, a technical event that drastically reduces the cryptocurrency's supply by halving the mining rewards every four years, significantly impacting its market value. Unlike prior halvings, which were events only Bitcoin insiders knew ...

Copper prices have surged to unprecedented levels, with May delivery prices reaching $4.323 per pound in New York. This surge, which follows a peak in June 2022, is a continuation of a robust upward trend. The momentum was further demonstrated, ...