HONG KONG: Factory activity in China showed a slight, surprising recovery last month, in a sign that stimulus injected into Asia’s growth engine may be yielding results, but worries of a global slowdown persisted due to weakness elsewhere in the region. Even in China, growth in new domestic and export
DUBAI: Saudi Aramco, the world’s biggest oil producer, made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company showed yesterday ahead of its debut international bond issue. Previously reluctant to disclose its financials, Aramco had to reveal them in order
CHRISTCHURCH (New Zealand): Thousands stood in silence in a Christchurch park yesterday as the names of 50 people shot dead in two mosques were read out at a national memorial service, with speakers calling for the legacy of the tragedy to be a kinder, more tolerant New Zealand. Dozens of
WASHINGTON: Investigators looking into a Boeing 737 MAX crash in Ethiopia that killed 157 people have reached a preliminary conclusion that an anti-stall system was activated before the plane hit the ground, the Wall Street Journal reported yesterday, citing people briefed on the matter. US safety investigators have reviewed data
COMMENTARY By A. ANANTHALAKSHMI, JOSEPH SIPALAN AND JOE BROCK Prime Minister Tun Dr Mahathir Mohamad has warned that the European Union risks opening up a trade war with Malaysia over its “grossly unfair” policies aimed at reducing the use of palm oil. This month, the European Commission concluded that palm
SEOUL: Samsung Electronics Co Ltd said yesterday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance. The announcement came after the Apple Inc supplier and rival told shareholders last week that
MELBOURNE: Australia’s Wesfarmers Ltd made a surprise $1.1 billion offer yesterday for rare earths miner Lynas Corp Ltd, looking for new growth after a series of asset sales, but its shares fell as investors fretted about increased risk. A successful takeover would give the retail-to-chemicals conglomerate exposure to new energy
SAN FRANCISCO: Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes
PARIS: Airbus signed a deal worth tens of billions of dollars on Monday to sell 300 aircraft to China, coinciding with a visit to Europe by Chinese President Xi Jinping and matching a China record held by US rival Boeing. The deal between Airbus and China’s state buying agency, China
CUPERTINO, California: Apple Inc attempted to reintroduce itself on Monday as an entertainment and financial services company that also makes iPhones as it launched a streaming television service, a credit card and an online gaming arcade. With appearances by Oprah Winfrey and Steven Spielberg, the world’s second-most valuable technology company
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Today, New Sarawak Tribune focuses on happenings in Sarawak’s cities, towns and small places no matter how remote these are and events of relevance in other states of Malaysia and other countries.
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