Mitraland Group is expanding its signature Quartz series by rolling out the third and largest collection so far: Bayou Quartz in Kota Bayuemas, Klang, Selangor, on Oct 10. 

Spanning 52 acres of freehold land, Bayou Quartz has a gross development value of RM800 million. It comprises...

Mitraland’s new 52-acre gem in Kota Bayuemas

For Johor-based BCB Bhd (KL:BCB), Johor’s next phase of growth is not about chasing the latest property cycle, but positioning its developments in the state’s evolving economic landscape.

According to executive director Lindy Tan, the developer sees opportunities emerging across differe...

Cover Story: BCB maps its next phase of growth across Johor

WM Senibong Bhd plans to unveil Centennial ParcVista in Johor in the first half of 2027, according to its CEO C K Quay.

Situated just across its existing development Crest@Austin in Johor Bahru, the site — spanning 959.7 acres of freehold land in Tebrau — was acquired from S P Setia Bhd...

WM Senibong’s strong cash position backs key launches, company in no rush to undertake IPO

For many Malaysians, reconnecting with nature can mean different things. It could be as simple as spending more time outdoors, learning where food comes from or taking a walk through a forest.

But beyond recreation, there are also ways of engaging with nature that involve conservation, ...

Reconnecting with nature through community engagement

The importance of proactive governance

As Budget 2027 approaches, property industry players are looking beyond measures to support homeownership, calling for broader reforms to address affordability, rising development costs, infrastructure, sustainability and urban regeneration. While continued support for buyers remains a common the...

Property players look beyond homeownership in Budget 2027 wish list

It was a scorching afternoon when Country Garden Pacificview Sdn Bhd (CGPV) executive director and chief of regional industrial business development Kevin Li and regional vice-president Syarul Izam Sarifudin arrived at The Edge’s office in Petaling Jaya, Selangor. The pair had flown in f...

Cover Story: Playing the long game at Forest City

Our cover story features Johor-based BCB Bhd (KL:BCB), who views Johor’s next phase of growth as not about chasing the latest property cycle, but positioning its developments in the state’s evolving economic landscape.

BCB maps its next phase of growth across Johor

On July 11, a new road was opened between Malaysia and Thailand connecting the Bukit Kayu Hitam ICQS (Immigration, Customs, Quarantine and Security) Complex in Kedah to the new Sadao CIQ (Customs, Immigration and Quarantine) Complex in Songkhla, in southern Thailand. Launched by Prime Minister Da...

Building a northern industrial ecosystem

Building climate resilience is no longer just about recovering from the next massive flood or enduring another scorching heat wave. It requires fundamentally rethinking how our cities grow, fund and protect their most vulnerable populations, according to experts from government planning agencies,...

Planning cities that last

Capital investment in technology is surging but workforce readiness remains a challenge, leaving enterprises short of the returns they expect.

Personalised upskilling key to job readiness

Not every photo needs to end up on a social media feed. Some are simply reminders of an ordinary day, whether it is a meal between classes, a funny moment with friends or a quick snapshot taken on the way home.

In response to the curated, polished feeds encouraged by mainstream social m...

Listicle: Apps for the moments you don’t post

Here’s a set of seven skills for you to consider cultivating to get and retain a job in the AI era

 

Human resources (HR) launches an artificial intelligence (AI) tool to analyse employee engagement. The AI reads 15,000 comments and p...

Econ 4.0: AI is here. Which skills matter more now?

Conversations around social entrepreneurship often focus on funding, but a bigger challenge for founders is moving from building businesses that look for customers to creating products and services that customers are actively looking for, says Ahmad Azuar Zainuddin, CEO of Satu Creative Services ...

Beyond Grants: Helping social enterprises build a stronger business case

IIMMPACT Sdn Bhd began in 2018 as a consumer app that allowed users to pay different bills through a single platform, but the business changed direction after struggling to retain customers as larger e-wallet operators expanded.

CEO and co-founder Alex Tan says fewer than 20% of users w...

Platform-as-a-service: IIMMPACT builds bill payment business after consumer app pivot

Alphaswift Industries Sdn Bhd is the only drone maker among the Malaysian companies given access to British chip architect Arm Holdings plc’s chip design technology, and it plans to design its own chip as it builds towards passenger flight.

The local drone industry has come a long way, ...

Cover Story: Betting on chip design for long climb to passenger flight 

Mall developers need to incorporate telecommunications infrastructure at the planning stage as growing demand for digital payments, artificial intelligence (AI) applications and 5G services puts greater pressure on indoor connectivity, says EdgePoint Towers Sdn Bhd.

Planning fibre pathw...

Infrastructure: Mall developers urged to plan early for 5G-ready connectivity

NEWS

Malaysia’s daily multimodal AI use to reach 43% by 2030

Malaysia’s daily use of multimodal artificial intelligence (AI) is projected to reach 43% by 2030, exceeding the global estimate of 30%, according to new research by Erics...

Bits + Bytes: A Miscellany Of Technology

The Sarawak Artificial Intelligence Centre (SAIC) and IBM Malaysia Sdn Bhd plan to establish the Sarawak Quantum Safe Centre, an innovation hub that will help organisations prepare for cybersecurity risks posed by advances in quantum computing.

SAIC, IBM plan Sarawak quantum-safe centre to address post-quantum cyber risks

KUALA LUMPUR (Sept 30): Consumer finance group Skyro has received approval from the Ministry of Housing and Local Government (KPKT) to conduct online moneylending in Malaysia, marking its second Southeast Asian market after the Philippines.

Philippines’ Skyro gets approval to offer online moneylending in Malaysia

KUALA LUMPUR (Oct 9): Lestari Cooling Energy Sdn Bhd, a joint venture between KJTS Group Bhd (KL) and infrastructure-focused investment firm Stonepeak Partners, aims to use its capital expenditure (capex) model to adopt new energy-efficient technologies as they become commercially viable.

...

Preparing district cooling systems for future technologies

KUALA LUMPUR (Oct 8): Malaysia’s ambition to transition towards a low-carbon, sustainable and green economy requires a whole-of-nation commitment, with the government, industries, financial institutions, research institutions, state governments and local communities playing their respective roles, said Deputy Prime Minister Datuk Amar Fadillah Yusof.

Whole-of-nation commitment needed to drive Malaysia’s green transition, says Fadillah

KUALA LUMPUR (Oct 8): Malaysia has made significant early headway in its energy transition journey, having reached a 33% renewable energy (RE) capacity mix by mid-2026, placing the nation comfortably within reach of its 35% target by 2030 and its ultimate goal of
70% by 2050.

Grid upgrades, green sukuk and bankability key to next phase of energy transition

The National Climate Change Bill (Ruupin) could be tabled during the current parliamentary sitting, subject to Cabinet approval, said Natural Resources and Environmental Sustainability Minister Datuk Seri Arthur Joseph Kurup.

Climate Change Bill could be tabled in current parliamentary sitting, says minister

The Malaysian Communication and Multimedia Commission (MCMC) has launched the Lestari: Sustainability Framework and Roadmap 2030 (SFR2030) for the sectors it oversees — telecommunications, broadcasting, and postal and courier.

MCMC launches Lestari roadmap to cut emissions and e-waste

PERAK (Sept 24): About 100 residents of Kampung Sat, an Orang Asli village in Sungkai, now have a reliable source of electricity for home lighting and mobile charging after 10 portable battery energy storage systems (BESS) were deployed to households on Sept 3.

Solar batteries bring power to Orang Asli village in Perak

KUALA LUMPUR (Sept 24): The Malaysian Constitution, shaped by the realities of 1957 and 1963, needs to be revisited if the government is to take greater responsibility for climate action today, said former natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad.

Constitution must reflect today’s climate demands, says Nik Nazmi

The 30% Club has done something important: it put a number on the table. But I want to challenge the number itself. If women are competent, the right target is not 30%. It is 100%. Boardrooms are not Spartan battlegrounds where gender earns entry. They are environments that reward critical thinki...

Views: The case for moving beyond the 30% Club target

Climate scientists have rung the alarm bells: El Niño is underway, with a "super" El Niño developing in the coming months, bringing intensified drought, heatwaves and heavy rainfall. We’re already seeing the effects of it across the world. In Spain, Italy and France, sweltering summer temper...

Views: El Niño: Who is to blame?

Cutting carbon is particularly difficult for a chemical company because many of its products rely on fossil-based raw materials while lower-carbon alternatives often cost far more than buyers are prepared to pay.

That leaves companies with a few broad options, such as investing in activ...

Industry: Petrochemical companies decarbonisation journey still challenging

The Edge Billion Ringgit Club 2026

The Edge ESG Awards 2026

The Edge Centurion Club Corporate Awards 2026

The Edge Best Managed & Sustainable Property Awards 2026

The Edge Property Excellence Awards 2026

The KL High Court has refused to hold off Datuk Seri Najib Razak’s 1MDB jail term while he appeals. More in our quick round-up of some today’s biggest stories on theedgemalaysia.com.

E5: Najib fails to pause jail term, fine in 1MDB case

Many experts expected inflation to spike following Trump’s Liberation Day tariffs. But the spike never really came, and this year's inflation has been driven largely by the US-Iran war.  Tong’s Portfolio explores why, and what may come next. Watch our video to learn more.

Tong’s Portfolio: Trump’s tariffs: Why the inflation shock never came

Newly listed EcoSys (Malaysia) plans to nearly double its cleanroom capacity, targeting completion by the end of this year, to keep pace with growth from existing and new customers. A cleanroom is a controlled space kept free of dust and contaminants for sensitive manufacturing processes.

NEWS: EcoSys addressing cleanroom bottleneck

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

EcoSys, Gamuda, Epicon, AWC, JAG, Genting, Infomina, Bus Cap, IHH Healthcare

EcoSys (Malaysia) Bhd's (KL:ECOSYS)  shares almost tripled in value on its first day of listing on the ACE Market amid strong demand for a piece of the semiconductor services firm.

EcoSys shares almost triple in value on ACE Market debut

Wall Street's main indices edged lower on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings.

Wall Street slides as hot CPI data fuels rate-hike bets; chips, banks weigh

A week after a fellow backbender urged the federal government to reject any airline bailout requests, Putatan MP Datuk Shahelmey Yahya called on Putrajaya to step in to help address AirAsia Group Bhd's (KL:AAGB) financial woes.

Sabah MP urges govt intervention over AirAsia woes just days after fellow MP warned Putrajaya against bailouts

More than a dozen US companies are exploring opportunities in Malaysia’s rare earths sector, including mining projects with local partners and processing facilities, according to the US Embassy in Kuala Lumpur.

More than a dozen US firms explore rare earths opportunities in Malaysia — US embassy

Genting Bhd (KL: GENTING) has earmarked RM280 million from its proposed RM1.25 billion rights issue to pay interest and other financing costs.

In a response to Bursa query, Genting says will use RM280m from working capital portion of rights issue for interest costs

The Malay Rulers have urged outsiders not to interfere in or politicise the dispute over the Negeri Sembilan throne, calling for the matter to be resolved by the relevant authorities through proper legal and customary channels.

In a statement issued on Wednesday by Keeper of the Rulers' Seal Tan Sri Syed Danial Syed Ahmad on behalf of the Malay Rulers, all parties involved were urged to exercise wisdom, patience and respect for adab, adat and the dignity of the royal institution.

Malay rulers urge outsiders not to politicise Negeri Sembilan throne dispute

Disputes over royal succession in Negeri Sembilan must be resolved in accordance with adat or customary law and legal provisions, rather than personal interests, Yang Dipertuan Besar Tuanku Muhriz Tuanku Munawir said on Wednesday.

His Royal Highness stressed that the authority of the royal institution must be upheld through integrity, justice and responsibility, warning that actions contrary to established customs could undermine public confidence and threaten the state's stability.

Tuanku Muhriz: Royal succession disputes must follow adat, law

Gamuda Bhd (KL:GAMUDA) said its joint venture has secured a contract worth RM3.7 billion to build the Keelung mass rapid transit system (MRT) and trackwork project in Taiwan.

Gamuda JV gets RM3.7b contract to build Taiwan urban rail system

Malaysia’s renewable energy stocks took a hit on Wednesday as investors were rattled by news of higher cost of green electricity from a mandatory levy.

Renewable energy stocks lead declines after grid access charge hike

Tight diesel supplies could persist well into next year as conflicts curb output from the Middle East and Russia, while record high prices spur stock drawdowns ahead of peak winter demand, the International Energy Agency said on Wednesday.

Diesel shortages could persist well into 2027, IEA says

Hongkong Land Holdings Ltd is in discussions with Ong Beng Seng’s Hotel Properties Ltd to buy a majority stake in three buildings in Singapore’s Orchard Road shopping belt, according to people familiar with the matter.

Hongkong Land to seek stake in tycoon Ong Beng Seng’s Singapore assets — Bloomberg

Bus Cap Bhd’s (KL:BUSCAP) share price jumped 22.61% on Wednesday, triggering an unusual market activity (UMA) query from Bursa Malaysia Securities.

Bus Cap jumps almost 23%, triggering UMA query

Former prime minister Datuk Seri Najib Razak intends to challenge the High Court’s decision on Wednesday, which had rejected his application to stay the 15-year prison sentence for his 1Malaysia Development Bhd (1MDB) conviction. The application to challenge this decision will be filed at the Court of Appeal, his lawyer said.

Najib to challenge rejection of stay bid at Court of Appeal

Selangor has attracted more than RM3 billion in potential investments from four foreign companies as the state seeks to strengthen its position as a regional investment and business hub.

Selangor draws over RM3 bil in investment interest from four foreign firms

Against a backdrop of global uncertainty, Malaysia is seen strengthening its position as a competitive and resilient investment destination.

Malaysia stays resilient as global investors seek new growth markets

From design to the finished device, a chip goes through four main stages. Global giants dominate each stage, but Bursa Malaysia–listed companies are strongest in assembly and test, and in the equipment, machined parts and automation segments that the entire chain depends on.

Where Malaysian players sit in the semiconductor value chain

At a time when artificial intelligence (AI) is advancing rapidly, the need for cybersecurity spending has also increased significantly. According to a global survey of about 300 cybersecurity leaders conducted by Boston Consulting Group (BCG) and released on Aug 27, cybersecurity spending is expected to continue to grow strongly, with more than 80% of respondents planning to increase their budgets through 2027.

Rising AI complexity fuels cybersecurity spending

The government is developing a sovereign artificial intelligence (AI) cloud to ensure the country’s classified information remains secure and beyond the reach of foreign laws and policies, said Communications Minister Datuk Seri Fahmi Fadzil.

Sovereign AI cloud crucial to protecting country's digital sovereignty — Fahmi

Discussions on the list of Pakatan Harapan (PH) candidates for the Melaka state election are over 95% complete, said PH Communications director Datuk Seri Fahmi Fadzil.

Fahmi, who is also Communications Minister, said PH has scheduled its candidate announcement for Oct 24, with the venue to be confirmed later.

Melaka polls: PH candidate list discussions more than 95% complete — Fahmi

A total of 27 data centre projects with an estimated investment of RM225.97 billion have been approved under the data centre task force (DCTF) up to July 2026, according to the Digital Ministry.

Twenty-seven data centre projects worth RM226b greenlit by task force — Digital Ministry

Lembaga Tabung Haji is proposing amendments to the Tabung Haji Act 1995 to bar active politicians from its board.

Tabung Haji mulls legislative changes to ban politicians from board     

Firefly has further extended the cancellation of flights between Subang and Singapore until Oct 16 as haze conditions worsen in the city-state.

Firefly extends Subang-Seletar flight cancellations till Oct 16

Malaysia’s retail prices for unsubsidised RON97 and RON95 petrol will drop by five sen per litre, while unsubsidised diesel will drop by 10 sen from Thursday (Oct 15) to Oct 21.

Unsubsidised petrol down five sen, diesel down 10 sen from Oct 15 

Educational institutions under the Ministry of Education (MOE) in Selangor, Negeri Sembilan, Melaka and Pahang will reopen on Thursday (Oct 15).

Schools in Selangor, Negeri Sembilan, Melaka and Pahang to reopen Thursday

JAG Bhd (KL:JAG) said it is acquiring a freehold industrial land in Shah Alam for RM36.89 million cash to expand its total waste management business.

JAG acquires industrial land in Shah Alam to expand total waste management business

The Malaysian Anti-Corruption Commission (MACC) on Wednesday summoned Datuk Seri Nazir Hussin Akhtar Husin, his wife and an aide to its headquarters here to assist in an investigation into alleged misappropriation and abuse of position involving an investment deal worth about RM10 million.

MACC summons Nazir Hussin, wife, aide over RM10 million investment deal

Lawyers representing Home Minister Datuk Seri Saifuddin Nasution Ismail told the Court of Appeal on Wednesday that he did not defame Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor.

Saifuddin Nasution denies defaming Sanusi, argues damages should be reduced if liability upheld

Trump's tariffs: Why the inflation shock never came

Maisons such as Vacheron Constantin and Patek Philippe are stepping beyond their traditional vocabulary to appropriate the savoir faire of haute couture.

Luxury watchmakers are taking cues from the world of bespoke tailoring

With fashion waste at an all-time high, the label is spearheading ways of designing and using the clothes we wear.

Swiss bag maker Qwstion drives new sustainable standards with banana fibre-based textile

These curated retail spaces in Kenya, Malaysia and Thailand offer abundant selections of treasures from their local creative communities.

Multibrand stores from around the world to shop for artisanal crafts and goodies

The family-run atelier celebrates its centenary next year, carrying on its traditional artisanship in the age of mass production.

Saint-Tropez's Atelier Rondini sandals are the ultimate French Riviera souvenir

The maison unveiled five new Vintage Alhambra and Magic Alhambra creations.

Van Cleef & Arpels reimagines its legendary Alhambra collection in pink enamel

KUALA LUMPUR (Oct 6): Two additional general partners (GPs) have been named in Jelawang Capital Sdn Bhd’s inaugural 2025 Emerging Fund Managers’ Programme (EMP) cohort, more than 15 months after the first three were announced.

Two more firms named in Jelawang’s inaugural Emerging Fund Managers’ Programme cohort

KUALA LUMPUR (Oct 6): Malaysia needs to ensure the investments it attracts translate into deeper local supply chains, higher-value jobs and greater participation by domestic companies, said UOB Malaysia CEO Datuk Ng Wei Wei.

Malaysia needs to turn foreign investment into stronger local supply chains

For much of the past two years, investors have asked when the US Federal Reserve would start cutting interest rates. After Jackson Hole, a gathering of central bankers, a more important question has emerged: are markets prepared for rates to remain higher for longer?

The message from Ja...

Pitfalls & Pitch Calls: Rate uncertainty and your portfolio

There is a peculiar feature of modern wealth. Some of the biggest things we aspire to own make surprisingly little financial sense. Take a car. In a city where ride-hailing is readily available, the mathematics of ownership can be difficult to justify once you add the purchase price, depreciation...

Wealth, by Design: Lifestyle tax: The price of the life we choose

Income funds took the spotlight for the third consecutive month. Five of the seven new funds launched from mid-August to mid-September were income or income-related funds, according to the Federation of Investment Managers Malaysia.

The seven funds were AHAM Shariah Gold Tracker Ringgit...

Funds: Seven funds launched from mid-August to mid-September

Tokenisation, the act of representing an asset or claim as a token on a distributed ledger or blockchain, has remained under the radar among local financial institutions. Until recently.

The catalyst, market observers say, came from Bank Negara Malaysia, when it launched the Digital Ass...

Cover Story: Banks shift tokenisation into higher gear

Transitioning from the entertainment industry to the food and beverage (F&B) sector is not easy, but when comedian Ajak Shiro heard his child express a desire to start a fried chicken business, he thought of making the idea a reality.

Ajak, whose real name is Mohd Hanaffi Razak, loo...

Private Deal: Celebrity-founded nasi padang restaurant chain Bumbu Babah aims to raise RM20 mil

Two veterans of Malaysia’s start-up and investment ecosystem — entrepreneur and investor Sivapalan Vivekarajah and former Pitch Platforms Sdn Bhd (pitchIN) chief operating officer Xelia Tong — are launching a RM50 million debut venture fund.

Main Market-listed automotive replacement-par...

Venture Capital: Cypress Asia launches RM50 mil debut venture fund with New Hoong Fatt as anchor investor

Halogen Capital, the country’s first licensed digital asset fund manager, is in the process of launching Malaysia’s first digital currency exchange-traded fund (ETF).

Its founder and CEO Hann Liew says the firm is preparing a shariah-compliant Bitcoin ETF, potentially giving millions of...

TheWall: Halogen aims to go mainstream with ETF, starting with digital assets

KUALA LUMPUR (Sept 25): Khazanah Nasional Bhd’s venture capital fund-of-funds, Jelawang Capital Sdn Bhd, has appointed Howard Soh as CEO, effective Oct 1.

Soh’s appointment comes about 15 months after former CEO Bryan Lim left Jelawang and its parent, Khazanah, at the end of June 2025, ...

Jelawang Capital appoints new CEO Howard Soh after long vacancy

The Vistage CEO Confidence Index climbed 9.9 points, or 12.7%, from the previous quarter to 88.1 in the third-quarter survey, which closed in September 2026. This is the second consecutive quarterly increase since confidence fell to 72.1 in 1Q2026, and the index is now at its highest since 4Q2025...

3Q2026 Vistage CEO Confidence Index: Confidence rebounds for a second straight quarter 

THE 1Malaysia Development Bhd (1MDB) scandal exposed failures that extended beyond the individuals accused of wrongdoing, raising questions about the effectiveness of the institutions and oversight mechanisms entrusted with safeguarding public funds.

The fallout has extended to auditors...

Where the buck stops when governance fails

I read with great interest a really sharp article on mid-tier companies (MTCs) in this newspaper by Krystle Chan and Pearl Lee titled, “Why RM120b isn’t reaching Malaysia’s engine room” (The Edge Online, Sept 25, 2026). In it, the authors argue, “Malaysia does not have a shortage of capital. It h...

My Say: Kancils, not unicorns: what type of capital does Malaysia really need?

MELAKA: ELECTION WAR DRUMS BEATING | Political bargaining in Melaka gets complicated

MELAKA is shaping up as another critical bellwether for Malaysia’s shifting political landscape ahead of the 16th General Election (GE16). Following high-stakes state contests in Johor and Negeri Sembilan, the historic state presents a complex electoral arena where coalitions are testing political bargaining, raw voter support, and vote transferability across a highly concentrated electorate.

MELAKA: ELECTION WAR DRUMS BEATING | Melaka: The next test of shifting political alliances

LESS than a year after setting its sights on RM100 million in annual revenue, Oasis Home Holding Bhd (KL:OHM) has nearly reached that milestone. Revenue for the financial year ended June 30, 2026 (FY2026) rose 37.1% to RM99.25 million, up from RM72.39 million the previous year.

Net prof...

Oasis Home eyes Malay market, new categories for next leg of growth

PENANG-based precision engineering solutions provider Coraza Integrated Technology Bhd (KL:CORAZA) has already been through the global semiconductor industry’s boom and bust cycle in the five years since its debut on Bursa Malaysia’s ACE Market in January 2022. And now, it is riding another up cy...

Coraza riding capex wave in semicon equipment

Chinese automakers looking to expand production capacity in Europe have ruled out Italy because of a lack of suitable factories, Italian industry minister Adolfo Urso said on Wednesday.

Chinese producers are looking to establish manufacturing plants inside the European Union as Brussels works on rules that will set minimum local content limits for electric vehicles sold in the bloc.

No auto plants available in Italy for Chinese purchase, Italian minister says

Yields on US Treasuries climbed across durations on Wednesday after consumer prices accelerated in September ramping up expectations that the Federal Reserve will have to increase interest rates to try to tame stubborn inflation.

US yields jump as hot consumer inflation boosts rate hike bets

US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back on the radar.

US inflation heats up in September; Fed rate hike this month back on table

Japan will invest up to US$21 billion (RM85.7 billion) in two chip factories in New York state that will be jointly owned by the US government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.

Japan to invest up to US$21b in two US chip factories to be run by GlobalFoundries

Netflix is cutting about 6% of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022, the Wall Street Journal reported on Wednesday, citing an email sent to employees.

Netflix cuts about 6% of jobs in biggest layoff since 2022 — report

French video games group Ubisoft said Wednesday that it planned to close a studio in Finland and cut 70 jobs in Singapore as it tries to return to profitability.

Ubisoft to close Finland studio, cut 70 jobs in Singapore

US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week.

US mortgage rates hit 7.5%, extending slump in home buying

Morgan Stanley beat estimates for third-quarter profit on Wednesday, helped by higher income from investment banking and strong equity trading as markets remained volatile due to the Federal Reserve's interest-rate decision and the US-Iran war.

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