Huawei and Xiaomi launched new flagship foldable smartphones on Monday, stepping up competition in China's premium handset market ahead of Apple's product launch later this week.

Huawei, Xiaomi launch new foldable smartphones ahead of Apple event

China's Huawei Technologies is plotting a return to the 5G smartphone industry by the end of this year, according to research firms, signalling a comeback after a US ban on equipment sales decimated its consumer electronics business.

China's Huawei poised to overcome US ban with return of 5G phones, research firms say

Chinese consumers are rushing to buy smartphones from Huawei Technologies Co Ltd featuring its high-end Kirin chips, fearing curbs on the firm's access to U.S. technology will soon cut off production of its premium handsets.

Huawei phone prices rise in China on fears of chip shortage

Oil held a two-day decline as traders tracked the outcome of a tight Israeli election that’ll help to shape the course of the US war with Iran.

Oil holds decline as traders track result of Israeli election

Asian stocks looked poised to rise Wednesday, tracking gains on Wall Street as renewed enthusiasm for artificial intelligence lifted equities ahead of earnings from industry giants and the Federal Reserve’s rate decision.

Asian stocks set to gain on resurgent AI optimism

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

Choking fumes sweep across Malaysia

A rally in technology companies lifted stocks ahead of this week’s results from industry giants valued at more than US$10 trillion, with traders also bracing for the Federal Reserve rate decision.

Stocks rise in run-up to tech results as oil falls

Pakatan Harapan (PH) component parties must respect the coalition's decision to hand the Bemban state seat to a Bersatu candidate in the Melaka state election, says PH election director Datuk Seri Amirudin Shari.

Melaka polls: PH component parties must respect decision on Bemban seat allocation — Amirudin

The extension of the West Coast Expressway (WCE) from Banting, Selangor, to Masjid Tanah was among the matters discussed by the Cabinet, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

WCE expected to be extended from Banting to Masjid Tanah — Ahmad Zahid

Wall Street's main stock indices advanced on Tuesday as optimism around the artificial intelligence (AI) trade persisted ahead of a raft of key corporate earnings, while easing oil prices also supported risk appetite heading into the Federal Reserve's policy decision this week.

Wall St rises as AI momentum holds heading into key earnings, Fed decision

Discussions between Melaka Barisan Nasional (BN) chairman Datuk Seri Ab Rauf Yusoh and MCA president Datuk Seri Dr Wee Ka Siong is believed to have successfully resolved several deadlocks regarding seat distribution for the Melaka state election (PRN) next month.

Several deadlocks in seat distribution with MCA resolved — AB Rauf

JetBlue Airways Corp reassured Wall Street that it’ll be profitable next year, as the debt-laden carrier seeks to overcome persistent losses and high oil prices to prevent a deeper restructuring.

JetBlue shares soar after it vows to return to profitability

A Brazilian Supreme Court justice ordered federal police to open a probe into possible illegal foreign financing of defeated candidate Flávio Bolsonaro’s presidential campaign, including by a group linked to US Vice President JD Vance.

Brazil probes foreign financing, including group linked to Vance

Here is a brief recap of some business news and corporate announcements that made headlines on Tuesday:

Zetrix AI, AirAsia, CIMB, SD Guthrie, Nestle Malaysia, LPI Capital, Dufu Technology, Eco-Shop, Tenaga Nasional, Matrix Concepts, AME Elite, Ni Hsin, HB Global, Infomina, Bintai Kinden, Paragon Globe

Paragon Globe Bhd (KL:PGLOBE) on Tuesday received shareholders’ approval for its proposed sale of 65 acres of land in Iskandar Puteri, Johor, to a unit of Singapore-based DayOne Data Centers Ltd for RM398.11 million.

Paragon Globe gets shareholders’ nod for RM398m Johor land sale to data centre firm DayOne

YNH Property Bhd (KL:YNHPROP) said the Inland Revenue Board (IRB) will withdraw a winding-up petition against its wholly-owned subsidiary after it reached a settlement on outstanding tax liabilities.

YNH Property says IRB to withdraw winding-up petition following settlement on tax liabilities

Intel Corp&nbsp;agreed to buy Israeli start-up Classiq Technologies Ltd&nbsp;as part of a push to capitalise on quantum computing, a still-nascent field that is seeking commercial applications.

Intel said to buy quantum start-up Classiq for about US$2.3 bil

A Brazilian Supreme Court justice ordered federal police to open a probe into possible illegal foreign financing of defeated candidate Flávio Bolsonaro’s presidential campaign, including by a group linked to US Vice President JD Vance.

The government is determined to take stern action against the masterminds and syndicates behind foreign migrant smuggling, as well as any parties protecting or complicit with them, following the death of a Malaysian Maritime Enforcement Agency (MMEA) personnel while on duty.

Govt to take firm action against syndicates behind foreign migrant smuggling, says Anwar

Wall Street's main stock indices advanced on Tuesday as optimism around the artificial intelligence (AI) trade persisted ahead of a raft of key corporate earnings, while easing oil prices also supported risk appetite heading into the Federal Reserve's policy decision this week.

Technology solutions provider Infomina Bhd (KL:INFOM) has secured a RM32.11 million contract from the Home Ministry to provide maintenance and technical support services for the National Registration Department's (JPN) core application systems.

Infomina secures RM32.1 mil Home Ministry contract for JPN systems maintenance

Anthropic PBC set itself a challenge by opening its books to prospective initial public offering (IPO) investors right after a punishing week for the artificial intelligence (AI) trade. When Wall Street took a close look, it generally liked what it saw.

Anthropic IPO filing calms nerves with signs of healthy growth

Force majeure has long protected companies from acts of God. Now some borrowers want protection from acts of AI.

Acts of God meet acts of AI in private equity’s new debt play

Israelis surged to the polls on Tuesday at a pace that shattered records, to pass wartime judgment on Prime Minister Benjamin Netanyahu in what voters described as the most consequential election in the nation's history.

Israelis shatter turnout records to pass wartime judgment on Netanyahu

Ni Hsin Group Bhd (KL:NIHSIN) has proposed a bonus issue of up to 312.65 million warrants, which could potentially raise RM112.55 million to fund its working capital needs and expansion of its electric vehicle (EV) business.

Ni Hsin plans bonus warrants to raise up to RM113 mil for working capital, EV expansion

Immigration checks using the National Integrated Immigration System (MyNIISe), which enables travellers to clear immigration using quick response (QR) codes, are expected to begin in January next year, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

MyNIISe immigration checks set to begin in January — minister

Japanese electric motor maker Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori and eight other former executives for damages over suspected accounting irregularities that have put its stock market listing at risk.

Nidec to sue former executives over accounting issues

The High Court here has set Dec 7 to hear Perikatan Nasional’s (PN) judicial review challenging the Registrar of Societies’ (ROS) decision to deregister the party and suspend its activities.

Court to hear PN’s challenge against ROS deregistration and suspension on Dec 7

Boeing chief executive officer&nbsp;Kelly Ortberg said on Tuesday that the company will not reach its 737 production rate target of 47 jets a month until next year, a serious setback to the company's ongoing recovery.

Boeing will not reach 737 production target until early 2027, says CEO

Pakatan Harapan (PH) component parties must respect the coalition's decision to hand the Bemban state seat to a Bersatu candidate in the Melaka state election, says PH election director Datuk Seri Amirudin Shari.

General Motors (GM) said on Tuesday it would transfer the listing of its common stock to Nasdaq from the New York Stock Exchange, joining a growing number of companies looking to align themselves with the tech-heavy exchange.

GM moves to Nasdaq as first legacy automaker on the exchange

US orders for durable goods rose in September by the most in five months, on stronger bookings for aircraft and other business equipment, adding to evidence of momentum in manufacturing.

US orders for durable goods increase by most in five months

The extension of the West Coast Expressway (WCE) from Banting, Selangor, to Masjid Tanah was among the matters discussed by the Cabinet, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

David Kirton

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