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Urgent international calls for restraint appear to be falling on deaf ears as the world braces for intensifying conflict in the Middle East. All eyes are on the White House, as U.S. President Donald Trump weighs carrying out direct military strikes on Iran. Such an act would represent a dramatic deepening of U.S. involvement in…
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters President Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday….
The Treasury Department will need to refinance nearly one-third of the more than $36 trillion in debt owed by the federal government, which serves as a backdrop to President Donald Trump’s repeated calls for the Federal Reserve to cut interest rates. A report by the Treasury’s Office of Debt Management for the second quarter of fiscal…
The National Transportation Safety Board (NTSB) issued an urgent safety recommendation Wednesday to modify jet engines on Boeing’s 737 Max airplanes to prevent smoke from entering the cockpit or cabin in certain scenarios. The warning comes after two incidents involving Southwest Airlines planes equipped with CFM International LEAP-1B engines that experienced bird strikes in 2023….
KUALA LUMPUR: Small and medium-sized enterprises (SMEs) in Malaysia and Singapore are expected to transform into agile, technology-driven organisations over the next five years, thriving in an increasingly digital landscape. Cloud adoption will shift the SME landscape from being a strategic advantage to an essential foundation for survival and scalable growth. These businesses will build…
President Donald Trump, unhappy with the Federal Reserve for not cutting interest rates, has called Chairman Jerome Powell a “numbskull,” “Mr. Too Late” and referred to him as a “stupid person” before policymakers left interest rates unchanged for the fourth time this year on Wednesday. He has also floated naming a replacement for Powell even…
SpaceX’s Starship exploded Wednesday night during a test at SpaceX’s Starbase in Boca Chica, Texas. Around 11 p.m. local time Wednesday, “the Starship preparing for the tenth flight test experienced a major anomaly while on a test stand at Starbase,” SpaceX said in a post on X. “A safety clear area around the site was…
The trustees for Social Security and Medicare released their annual report on the status of the entitlement programs’ trust funds, which are expected to be depleted sooner than previously thought. The Social Security and Medicare trustees “found that the Social Security and Medicare programs both continue to face significant financing issues.” Trustees found that if Social…
KUALA LUMPUR: MSM Malaysia Holdings Bhd reiterates its call for a tariff on imported sugar to address the ongoing influx of low-priced Thai sugar into the domestic market. Group chief executive officer Syed Feizal Syed Mohammad said MSM, which produces refined sugar for both industrial and retail consumption, and Central Sugars Refinery Sdn Bhd (CSR)…
ISKANDAR PUTERI: Malaysia remains firmly opposed to unilateral tariffs and continues to uphold a multilateral, rules-based international trading system, Prime Minister Datuk Seri Anwar Ibrahim said today. He said the government does not support or condone any form of unilateral trade action, including those proposed by US President Donald Trump. “We are a trading nation….
