Malaysia: High-Value Goods Tax Scrapped
KUALA LUMPUR — Malaysia has formally abandoned its earlier plan to introduce a high-value goods tax (HVGT), Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim confirmed in a written reply to Parliament. Instead, the government has integrated its core principles … Continue reading Malaysia: High-Value Goods Tax Scrapped
8.7 Earthquake Triggers Pacific-Wide Tsunami Alerts
KAMCHATKA PENINSULA/TOKYO/ANCHORAGE – A powerful magnitude 8.7 earthquake struck off the coast of Russia’s Kamchatka Peninsula on Wednesday morning, triggering tsunami waves between 3 and 4 meters along parts of the Russian Pacific coastline and setting off widespread tsunami warnings … Continue reading 8.7 Earthquake Triggers Pacific-Wide Tsunami Alerts
JD.com Confirms Acquisition Talks with MediaMarktSaturn
DÃœSSELDORF/BEIJING – Chinese online retail giant JD.com is reportedly in advanced talks over a potential acquisition of Media Markt and Saturn, two of Germany’s leading electronics chains. As confirmed by parent company Ceconomy AG, negotiations are ongoing, with JD.com offering … Continue reading JD.com Confirms Acquisition Talks with MediaMarktSaturn
Thailand and Cambodia Agree to Unconditional Ceasefire
PUTRAJAYA / BANGKOK / PHNOM PENH — After five days of deadly cross-border fighting that has left at least 36 people dead and displaced more than 270,000, the governments of Thailand and Cambodia agreed to an unconditional ceasefire set to … Continue reading Thailand and Cambodia Agree to Unconditional Ceasefire
Tesla Locks In $16.5 B Deal with Samsung
AUSTIN/SEOUL – Tesla CEO Elon Musk confirmed today, July 28, that the automaker signed a staggering $16.5 billion chip supply agreement with Samsung Electronics, slated to run through 2033. Under the pact, Samsung’s new fabrication facility in Taylor, Texas, will produce … Continue reading Tesla Locks In $16.5 B Deal with Samsung