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Beat of the Nation
Thu, 17 Oct 2019, 9:14 PM
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Topic: Europe

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LG Chem sees electric vehicles accounting for 15% of all car sales in 2024
SEOUL: South Korea’s LG Chem, one of the leading electric vehicle (EV) battery makers, expects global sales of EVs to grow more than five-fold from 2018 levels to account for about 15% of global veh...
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Port storage fees waived to clear containers with plastic waste
KUALA LUMPUR: Malaysia is negotiating with countries sending their plastic waste here to take back the trash.
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Citing ‘sky traffic’ among other issues, Dr M expresses scepticism over Malaysia’s flying car plan
KUALA LUMPUR, Oct 17 — Prime Minister Tun Dr Mahathir Mohamad today expressed scepticism over the commercial use of Malaysia’s much-anticipated flying cars, pointing out several issues which may a...
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Cars will fly one day but not today, says Dr M in jest
PETALING JAYA: Tun Dr Mahathir Mohamad believes a day will come when cars can fly, but that day has yet to arrive.
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Malaysia working to clear hundreds of plastic waste shipments at ports —...
KUALA LUMPUR (Oct 17): Malaysia is negotiating with countries sending their plastic waste to the Southeast Asian nation to take back the trash and is waiving storage fees to clear hundreds of containe...
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Euro jumps to near two-month highs on Brexit deal
LONDON, Oct 17 — The euro rallied to its highest levels in nearly two months against the dollar on Thursday after the European Union and Britain struck a Brexit deal.
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There may be traffic jams in the sky, Dr M says after renewed talk on flying car
KUALA LUMPUR: Prime Minister Dr Mahathir Mohamad today joked on the possibility of traffic jams in the sky when answering a question on the flying car.
The Straits Times:
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Malaysia working to clear hundreds of plastic waste shipments at ports
KUALA LUMPUR (REUTERS) - Malaysia is negotiating with countries sending their plastic waste to the South-east Asian nation to take back the trash and is waiving storage fees to clear hundreds of conta...
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Officials: Malaysia working to clear hundreds of plastic waste shipments at ports
KUALA LUMPUR, Oct 17 — Malaysia is negotiating with countries sending their plastic waste to the South-east Asian nation to take back the trash and is waiving storage fees to clear hundreds of conta...
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Second flying car with new technology in Q3 next year: MED minister
KUALA LUMPUR: The country’s second flying car using a different technology from the first car could perform its inaugural flight in the third quarter of next year, Entrepreneur Development Minister ...
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All-New 2020 Honda Jazz Teased Ahead Of World Premiere
Honda has released its first teaser image of the all-new Jazz which is all set to make its global debut next week at the 2019 Tokyo Motor Show.
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Second flying car with new technology in Q3 next year: Minister
KUALA LUMPUR (Oct 17): The country’s second flying car using a different technology from the first car could perform its inaugural flight in the third quarter of next year, Entrepreneur Development ...
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Second flying car with new technology in Q3 next year — minister
KUALA LUMPUR (Oct 17): The country’s second flying car using a different technology from the first car could perform its inaugural flight in the third quarter of next year, Entrepreneur Development ...
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Second flying car with new technology in Q3 next year – MED Minister
The ministry showcased a mock-up prototype of a flying vehicle called “Vector” last year.
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Urban SUVs driving huge growth in CO2 emissions, says IEA
PARIS: The undying popularity of sport-utility vehicles has made them the second-biggest contributor to the growth of global CO2 emissions in recent years, just behind the power sector, the head of th...
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Insignia Ventures’ first fund was at US$120 million last year, claimed to be the largest maiden vehicle by a Southeast Asian venture capital firm
Insignia Ventures Partners, Singapore-based venture capital group announces that it has closed an oversubscribed second fund at US$200 million, The Business Times reported.
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Singapore’s Insignia Ventures Partners closes second fund with $200m
Singapore-based Insignia Ventures Partners has closed its second fund, drawing in US$200 million from premier institutional investors such as sovereign wealth funds, university endowments, foundations...
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Honda teases image of next-generation Jazz
TOKYO: Honda has released its first teaser image of the all-new Jazz which is set for its world premiere at the Tokyo Motor Show on Oct 23.
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Looking east
According to PWC’s Asset & Wealth Management 2017 report: Embracing exponential change; wealth management in APAC is poised to be one of the fastest-growing sectors in the next few years.
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Sterling's Brexit rally pauses, yuan falls on Hong Kong worries
TOKYO, Oct 16 ― The pound pulled back from its highest level in almost five months versus the dollar today, erasing some of the rally sparked by signs Britain is closing in on a deal to leave the Eu...
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Spring Art to raise RM24.4m from listing on ACE Market
KUALA LUMPUR: Ready-to-assemble furniture products designer and manufacturer Spring Art Holdings Berhad expects to raise RM24.42mil as it seeks to list on the ACE...
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Qatar Airways commences Doha-Langkawi flights
LANGKAWI: Qatar Airways commenced its maiden flight to Langkawi, from the Hamad International Airport in Doha yesterday.
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Surging SUV demand is spooking German workers building sedans
MUNICH: Germany’s car industry built its world-class reputation on sedans like the Audi A4, the BMW 5 Series and the Volkswagen Passat, reliable models that look good in the family driveway or compa...
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Global stocks jump on report Brexit deal may be close, oil slips
NEW YORK, Oct 16 ― Stocks in Europe and on Wall Street jumped about 1 per cent yesterday on strong US corporate results and a possible deal to avoid a disorderly British exit from the European Union...
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ESG hardliners blacklist US treasuries market
LONDON: Some of Europe’s strictest ESG funds are snubbing the world’s most liquid investment – the US$16 trillion US treasuries market.
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Downside to rising SUV demand
MUNICH: Germany’s car industry built its world-class reputation on sedans like the Audi A4, the BMW 5-Series and the Volkswagen Passat, reliable models that look good in the family driveway or company lot. But a shift in consumer taste to more hulking vehicles is...
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Let’s work together to produce vaccine, says Cuban envoy
KUALA LUMPUR: Cuba, renowned for its expertise in biotechnology, is offering to share its knowledge – including in the field of vaccine production – with Malaysia, said Cuban Ambassador to Malaysi...
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Don’t be misled by Brexit jobs trickle, says London finance chief
LONDON, Oct 15 — Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people ...
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London retains global finance throne amid Brexit chaos
LONDON, Oct 15 — From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a US$1.2 billion bet that the British capital remains a master of the international financi...
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Vietnam’s Cricket One bags seed funding in round led by 500 Startups, Masik
Vietnamese cricket protein producer Cricket One has raised an undisclosed sum in a seed funding round co-led by 500 Startups and Singapore-based Masik Enterprises.
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Free streamer Tubi to move into UK and Europe
US streaming giant Tubi is to launch a children's network next week and expand its main service into Europe next year.
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Facebook's Libra faces support test after payment giants jump ship
LONDON (Reuters) - Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into...
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Asian stocks make cautious gains ahead of key Brexit summit
TOKYO, Oct 15 — Asian stocks and Wall Street futures inched higher today as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiat...
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Russia’s pizza king to rule the world using cloud
MOSCOW: Once you crack the profit code for delivering hot pizzas in the Arctic, where blocks of cheese arrive on nuclear icebreakers, expanding into more hospitable...
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TransferWise launches borderless debit card in Singapore
Global fintech firm TransferWise launched a debit card in Asia that uses the real exchange rate, also known as the mid-market rate, to help Asian travelers and businesses avoid high foreign exchange f...
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Facebook’s Libra announces board as support shrinks further
LONDON, Oct 15 — Backers of Facebook Inc’s Libra cryptocurrency project pledged to forge ahead after selecting a five-member board yesterday, shrugging off the latest member defection by online tr...
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EU will fight ‘until last hour’ to stall US Airbus tariffs
BRUSSELS, Oct 14 — The EU’s top trade official today said Europe would fight until the very last moment to dissuade the United States from imposing tariffs in retaliation for illegal EU subsidies ...
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Group behind Facebook’s Libra coin push meet in Geneva
GENEVA, Oct 14 — The Libra Association, created by Facebook to launch its new cryptocurrency, kicked off its first council meeting in Geneva today, despite defections by previous supporters like Vis...
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Malaysia won’t raise tax even as trade war halts fiscal plan
KUALA LUMPUR (Oct 14): Malaysia’s finance minister said the government won’t raise taxes unnecessarily even as the trade war between two of its largest trading partners hampers the state’s goal ...
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Apple has a lot to lose if it crosses China's party bosses
Under pressure from China, Apple has removed a smartphone app that enabled Hong Kong protesters to track police.
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Govt won’t raise tax even as trade war halts fiscal plan, Guan Eng says
KUALA LUMPUR: Malaysia’s finance minister said the government won’t raise taxes unnecessarily even as the trade war between two of its largest trading partners...
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Malaysia won't raise tax even as trade war halts fiscal plan
KUALA LUMPUR (BLOOMBERG) - Malaysia's finance minister Lim Guan Eng said the government won't raise taxes unnecessarily even as the trade war between two of its largest trading partners hampers the co...
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Singapore eases monetary policy, avoids recession
SINGAPORE, Oct 14 — Singapore eased monetary policy for the first time in over three years today as the US-China trade war bites, while the export-reliant economy narrowly avoided recession in the t...
Digital News Asia:
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Alibaba launches Malaysia finals for [email protected] Contest
Alibaba Group Holding Limited has launched the Malaysia Finals for its inaugural Create@ Alibaba Cloud Startup Contest (Create@ Contest).
The Star:
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All must play role in stopping sea plastic pollution
KUALA LUMPUR: The World Wildlife Fund (WWF) estimates there is 150 million metric tonnes of plastic waste in the sea which is disrupting marine life.
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Saudi Arabia opens tourist visas to US, European visa holders
RIYADH: Tourist visas for Saudi Arabia are now available online and on arrival to holidaymakers who already hold a visa from the United States, Britain or the EU's Schengen...
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In planning for next US recession, economists say, don’t fret about debt
DENVER, Oct 13 — Economists are divided about when the next US recession will arrive, but they largely agree on this: The country will need to fight it with a massive fiscal programme, and be ready ...
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Plastic pollution: What can you do to help?
KUALA LUMPUR: The World Wide Fund for Nature (WWF) states there is an estimated 150 million metric tonnes of plastic waste in the sea disrupting marine life and that if the problem isn’t addressed e...
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SAP makes surprise leadership change as CEO McDermott steps down
SAN FRANCISCO: SAP SE named executives Jennifer Morgan and Christian Klein as the successors to chief executive officer Bill McDermott, who’s stepping down...
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Report: German government slashes 2020 growth forecast
BERLIN, Oct 11 — The German government is cutting its 2020 growth forecast for Europe’s largest economy to 1.1 per cent from its April prediction of 1.5 per cent, German magazine Der Spiegel repor...
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CPO stockpile expected to remain elevated — analysts
KUALA LUMPUR (Oct 11): Affin Hwang Capital has maintained its "Neutral" call on the plantation sector while MIDF Amanah Investment Bank Bhd Research has maintained its "Negative" call.
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Toyota to unveil next-generation Mirai Concept at 2019 Tokyo Motor Show
TOKYO: Toyota announced that it will preview the next generation of its groundbreaking, zero-emission Mirai fuel cell electric vehicle (FCEV) at the 2019 Tokyo Motor Show.
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A closer view of Brexit
There are lessons to be learnt from UK’s brexit where society polarises over a single political issueSOME days in the United Kingdom prior to visiting the easternmost and westernmost countries of th...
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Condivergence: False dilemmas in Second Coming
There is a time in every era when one artist or thinker defines the essence of that age.
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Sterling shines on Brexit hopes, yen eases on trade optimism
TOKYO, Oct 11 — Hopes of progress in US-China trade talks and optimistic comments from Europe on Brexit pushed back the safe-haven yen and lifted the British pound and euro early today.
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Guan Chong aims to boost its export markets
PETALING JAYA: Cocoa grinder Guan Chong Bhd is banking on its upcoming processing facility in Cote D’Ivoire (Ivory Coast) to serve as a launchpad to boost its...
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Malaysia and Spain share many similarities
TOMORROW, we celebrate the National Day of Spain, the modern, plural and open democracy that I am proud to represent in Malaysia.
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Jho Low suggested Arnault for TIA
KUALA LUMPUR: French business magnate Bernard Arnault was appointed as a member of Tereng­ganu Investment Authority (TIA) Bhd’s board of advisers upon...
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Trump to meet China envoy, lifting hopes for trade talks
WASHINGTON, Oct 10 ― President Donald Trump announced today he will meet with China's top trade envoy as the two sides pursue fraught negotiations that this week appeared headed for a dead end.
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Nissan to start building new Juke car at UK plant as Brexit looms
SUNDERLAND (England), Oct 10 ― Nissan said it will begin making the next-generation Juke vehicle at Britain’s biggest car plant on Monday, just over two weeks before a possible no-deal Brexit whic...
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Emerging market assets tread cautiously ahead of US-China trade talks
WASHINGTON, Oct 10 ― A soft dollar supported China's yuan and a swathe of emerging market currencies today after reports that Washington and Beijing may agree a partial trade deal, but investors wer...
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Michelin to close tyre factory in France
PARIS, Oct 10 ― Tyre maker Michelin said today it would close a French-based factory with 619 employees next year as competition from cheaper Asian manufacturers knocks its profit margin.
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French businessman Arnault on TIA board of advisors on Najib's approval
KUALA LUMPUR: French business magnate Bernard Arnault was appointed a member of the Terengganu Investment Authority (TIA) Bhd board of advisors upon...
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Guan Chong allocates about RM280mil to build cocoa grinding facility in Cote D'Ivoire
KUALA LUMPUR: The world’s fourth-largest cocoa grinder, Guan Chong Bhd has set aside between EUR50 to EUR60 million (approximately RM230 to RM280 million)...
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Asia-Pacific 2019 growth to slow to 5.8 per cent on trade tensions, says World Bank
BANGKOK, Oct 10 — Asia Pacific economies are expected to slow this year due to uncertainty around US-China trade tensions and slowdowns in major global economies could further hurt the region’s ex...
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Bank of China leads the way for Libor replacement
Hong Kong: One of China’s biggest lenders is marketing a new dollar note linked to a Libor replacement, as borrowers across the globe move away from the scandal-ridden pricing benchmar
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Amid acrimony and low expectations, US-China trade talks to resume
WASHINGTON, Oct 10 — As they prepared to return to the negotiating table today, top Chinese trade officials faced a blitz of aggressive US maneuvers, with expectations for a grand bargain between bo...
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Ransomware attacks ‘getting bolder’: Europol
Global ransomware attacks are on the decline, but such cyber strikes are getting bolder and homing in on more profitable companies, with data encryption a key target...
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Airline seatback screens may be an endangered species
In the quest to command higher fares and traveller loyalty, airlines are constantly scrambling to market their onboard services as better than Brand X. These days, one highly...
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MSPO certification essential to ensure long-term future of palm oil
Malaysia exported 3.7 million tonnes of palm oil produce to Europe in 2017.
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Next generation Nissan Almera to be turbocharged?
If the swirling rumours turn out to be true, the next generation Almera could well be the first locally assembled Nissan model to be powered by a turbocharged engine (pick-up trucks aside), albeit one...
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Labour shortage hits Malaysia's rubber glove exports
KUALA LUMPUR (Oct 9): Malaysia’s projected rubber glove export for this year has been revised down to 188 billion pieces from 195 billion pieces earlier due to the current labour shortage, said Mala...
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Google stranglehold on search pushes companies into dead zones
"Where’s the best place to hide a body? The second page of a Google search.” The gallows humour shows that people rarely look beyond the first few results of a search, but...
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Banks, Tenaga push KLCI lower at close
KUALA LUMPUR: Bank stocks and Tenaga Nasional dragged the FBM KLCI deeper into the red at the close on Wednesday on continued selling pressure, in line with...
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H&M’s outlet brand Afound tweaks strategy towards online
Fashion retailer H&M's newest independent business, outlet brand Afound, will focus more on online expansion and less on physical store expansion than previously...
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Only Donald Trump can save the global economy
AS the global economy shows signs of stuttering, the race is on to find the right policy response. In Europe, many central bankers are asking politicians in countries such as...
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Bank of China leads way for Libor successor in Asia bonds
HONG KONG: One of China’s biggest lenders is marketing a new dollar note linked to a Libor replacement, as borrowers across the globe move away from the...
Malaysiakini:
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White House says it will refuse to cooperate with impeachment inquiry
The White House said on Tuesday it would refuse to cooperate with an “illegitimate, unconstitutional” congressional impeachment inquiry, setting Republican President Donald Trump on a collision co...
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Samsung powers ahead with 5G phones
SEOUL: Strong sales of Samsung Electronics’ Galaxy Note 10 smartphone series are limiting forecast profit falls at the South Korean tech giant, raising hopes it is getting back on a growth track aft...
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Didian introduces B2B proptech marketplace, claiming to be the first [Press Release]
Didian introduces B2B proptech marketplace, claiming to be the first [Press Release] New proptech firm Didian Realtor Sdn Bhd announces the launch of Malaysia’s B2B property marketplace aimed at re...
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How this Hong Kong startup is shaking up the sleepy logistics sector Expedia style
When a factory in China wants to ship a container of goods to a client overseas (in Europe, for example), step one typically involves ringing around a few logistics firms to get a quotation.
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Hong Kong Stock Exchange drops bid for London rival
HONG KONG, Oct 8 — The Hong Kong Stock Exchange today dropped its multibillion-dollar takeover bid for the prized London Stock Exchange Group, which would have created a global markets titan.
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2019 seems to be a good year for robotics and Asians are getting even more comfortable around them
Shin Minori, a Japanese restaurant in Singapore recently decided to bring in robo waiters as a way to improve their waiting time for customers.
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Tech giants brace as Vestager 2.0 gets EU power upgrade
One of Europe’s most powerful female regulators is expected to ace an interview for a job that will equip her with greater weaponry to take on the Silicon Valley giants...
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Oyo to raise $1.5b in series F round
Oyo Hotels & Homes said it is raising US$1.5 billion as part of its series F funding round.
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Samsung's Q3 profit estimate exceeds expectations on smartphone sales
SEOUL: Samsung Electronics <005930.KS> flagged slightly better than expected third quarter profit on Tuesday, helped by strong sales of its new Galaxy Note 10 smartphone series even as a slump in its ...
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HSBC to cut up to 10,000 jobs to slash costs
NEW YORK: HSBC Holdings Plc may eliminate as many as 10,000 jobs as part of a cost-cutting drive, according to a Financial Times report that signaled Europe may bear the...
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Volvo and Geely to merge engine operations
NEW YORK: Volvo Cars and China’s Geely plan to merge their engine operations into a standalone company, a step the Swedish automaker says will cut costs as it shifts to a...
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India startup Oyo raises US$1.5bil at US$10bil valuation
Bangalore: Oyo Hotels and Homes is raising US$1.5bil from founder Ritesh Agarwal, SoftBank Group Corp and other investors as the India lodging startup expands into...
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Also Read: Token sales being abused as a fundraising tool by many, will mostly go away: LuneX VC's Kenrick Drijkoningen
OYO Hotels & Homes, one of India’s largest hotels aggregators with significant operations in Southeast Asia, today announced that it is raising US$1.5 billion in Series F round.
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Facebook isn't responsible for policing the Internet, Clegg says
Facebook Inc has made mistakes in controlling the use of its data and has improved its monitoring of fake news but can’t be expected to police the global Internet...
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ESPL is an esports network that offers an integrated and open ecosystem for tournaments, media, brands, publishers, teams, and players
Singapore-based online community eSports Pte.
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German industrial orders contract in August
FRANKFURT, Oct 7 — Industrial orders in Europe’s largest economy Germany fell back in August, official data showed today, adding to a picture of declining activity at vital manufacturing firms.
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Survey: US economists more pessimistic, citing trade as major risk
WASHINGTON, Oct 7 — Economists have become more concerned about US growth prospects, citing trade friction as the major worry, but recession risks have receded slightly, according to a survey releas...
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HSBC planning to cut 10,000 more posts: Financial Times
HONG KONG, Oct 7 — HSBC is planning to lay off up to 10,000 staff, a report said today, just weeks after its chief executive stepped down and announced the axing 4,000 posts citing a weak global out...
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Vodafone tests new network tech in UK in challenge to 'big three' suppliers
LONDON, Oct 7 — Vodafone is testing innovative open access radio technology in Britain — a first for Europe — in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equ...
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Ento has a creepy idea to take on Impossible Foods and Beyond Meat
“A cross between shrimp and toasted almonds.” That’s how the FAQ section on Ento’s website describes the flavor of its alternative-protein snacks.
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Paris climate activists kick off global protests
Protesters block the Italie Deux shopping mall in Paris during a demonstration called by the Extinction Rebellion environmental activist movement.
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As US factories falter, White House insists economy like 'a rock'
WASHINGTON, Oct 6 — After a brief surge during his first years in office, and despite his lofty promises, the American manufacturing rebound has begun to crumble under President Donald Trump.
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PayPal first member to exit Facebook's Libra Association
WASHINGTON, Oct 5 — US payments processor PayPal Holdings Inc said yesterday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, mak...
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