US President Joe Biden officially blocked Nippon Steel's proposed US$14.9-billion (RM67.06-billion) purchase of US Steel on Friday, dealing a probably fatal blow to the contentious merger plan after a year of review.

Biden blocks sale of US Steel to Japan's Nippon Steel

Jens-Frederik Nielsen, a 33-year-old former minister of industry and minerals, was sworn in as the youngest prime minister of Greenland on Friday to face the challenges posed by US President Donald Trump's ambitions to control the Arctic island.

Greenland's new prime minister takes office facing challenge from Trump

Apple Inc and Meta Platforms Inc are set to be hit by fines under the European Union’s (EU) Big Tech competition rulebook towards the end of next week, with the iPhone maker facing the added threat of recurring penalties under the bloc’s Digital Markets Act (DMA).

Apple, Meta face modest fines as EU seeks to avoid US spat

This year’s Hari Raya Aidilfitri festive season has seen smoother air travel, particularly for those returning to Sabah and Sarawak.

Transport Minister Anthony Loke said this was due to the absence of complaints from the public about difficulties in securing flight tickets to their hometowns.

Smoother air travel this Aidilfitri, no complaints over flight tickets — Loke

Traffic flow on several major expressways has been reported to continue to be moving slowly tonight due to a rise in the number of vehicles heading out of the city centre, as city dwellers return to their hometowns to celebrate Hari Raya Aidilfitri.

Slow traffic flow, vehicle numbers expected to increase on major expressways

Transport Minister Anthony Loke has assured that a thorough investigation will be carried out into the fatal crash that claimed five lives on the North-South Expressway near Kluang, Johor on Thursday.

Loke assures thorough probe into Kluang fatal crash

Prime Minister Keir Starmer came to power last year promising a growth boost but ended up presiding over a slump. Nine months on, however, the British economy may finally be turning the corner.

The UK economy is starting to emerge from stagnation

China's three big state-owned airlines posted their fifth straight year of losses this week, citing domestic market competition, low international and business travel demand, supply chain problems and currency depreciation as challenges.

China's top airlines post fifth year of losses in 2024 in the face of domestic competition 

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

MN Holdings, Genting, MMAG, LSH Capital, Able Global, Kerjaya Prospek Property, Yinson, GUH Holdings, DNeX and Sarawak Cable

Huawei Technologies Co executives would likely have known about — and signed off on — alleged bribes to European Union (EU) lawmakers in 2021, according to Belgian judicial authorities.

Huawei bosses likely knew of alleged EU bribes, say Belgians 

A weekly round-up of tanker and dry bulk market (March 28, 2025)

Baltic Exchange shipping updates: March 28, 2025

Dagang Nexchange Bhd (KL:DNEX) said it is seeking a court order to set aside an arbitration ruling against its units, DNeX Semiconductor Sdn Bhd and SilTerra Malaysia Sdn Bhd, in a dispute between the two firms and China-based Tethystronics Technologies Company Ltd (TTCL).

DNeX goes to court in bid to overturn arbitration ruling against its units

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Yinson Holdings Bhd’s (KL:YINSON) latest quarterly net profit halved to RM146 million from RM278 million a year earlier, mainly due to lower contribution from its engineering, procurement, construction, installation and commissioning (EPCIC) business. Earnings per share dropped to 3.8 sen from 8.4 sen.

Yinson's 4Q net profit halves on lower contribution from EPCIC business, higher finance costs

The powerful earthquake that hit Myanmar on Friday damaged buildings and public infrastructure and there are concerns for the state of large dams, the Red Cross said on Friday.

Six states and regions are most impacted — particularly in the northwest of the country, the Red Cross said.

Myanmar quake damaged buildings and infrastructure, causes concern over dams, Red Cross says

Wall Street's primary indices fell sharply on Friday, as data underscored underlying price pressures, stoking fears that the Trump administration's tariff manoeuvres could further exacerbate inflationary trends.

Wall St dives as fresh data ignites inflation concerns

MSM Malaysia Holdings Bhd (KL:MSM), a 51%-owned subsidiary of FGV Holdings Bhd (KL:FGV), announced on Friday the return of former chief financial officer (CFO) Ab Aziz Ismail, who will reassume the role effective April 1.

Ab Aziz Ismail to return as CFO of MSM

Kerjaya Prospek Property Bhd (KL:KPPROP) has proposed a rights issue of shares and redeemable convertible unsecured loan stocks (RCULS) to raise up to RM147.18 million, mainly to fund property development projects and repay loans.

Kerjaya Prospek Property plans to raise RM147 mil via rights issue of shares, loan stocks

Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.

US consumer spending barely rises, key inflation gauge picks up

SoftBank Group Corp plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than US$1 trillion (RM4.4 trillion), Nikkei reported.

SoftBank may pledge US$1 tril for AI effort in US — report

Traffic flow on several major expressways has been reported to continue to be moving slowly tonight due to a rise in the number of vehicles heading out of the city centre, as city dwellers return to their hometowns to celebrate Hari Raya Aidilfitri.

The Federal Court has fixed April 8 to deliver its decision on an appeal by lawyer Datuk Sreesanthan Eliathamby, who is challenging a High Court ruling that held him liable for insider trading in Worldwide Holdings Bhd shares in 2006.

Federal Court sets April 8 for decision in lawyer’s appeal against insider trading fine

Software and systems developer NetX Holdings Bhd (KL:NETX) has proposed a share capital reduction to wipe out up to RM200 million of the company’s accumulated losses. &nbsp;

In a bourse filing on Friday, NetX said that the proposed share capital reduction will create a credit of up to RM200 million, which will be used to offset the company’s accumulated losses. &nbsp;

Software and systems developer NetX Holdings proposes RM200m share capital reduction

Transport Minister Anthony Loke has assured that a thorough investigation will be carried out into the fatal crash that claimed five lives on the North-South Expressway near Kluang, Johor on Thursday.

SAM Engineering &amp; Equipment (M) Bhd (KL:SAM), which manufactures production equipment and aerospace products, has promoted its deputy chief executive officer (CEO) and chief operating officer (COO) Ng Boon Keat to succeed Peter Lim Hee Seng as CEO effective April 1, as part of the company's succession planning activity.

Leadership reshuffle at SAM Engineering sees deputy CEO Ng Boon Keat promoted to CEO

Sarawak Cable Bhd (KL:SCABLE) said its external auditor has expressed a disclaimer of opinion on the Practice Note 17 (PN17) company’s audited financial statements for the financial period ended Nov 30, 2024 (FY2024), citing multiple material uncertainties that cast significant doubt on its ability to continue as a going concern.

Sarawak Cable’s auditor issues disclaimer of opinion on accounts for third time

The number of vehicles using the West Coast Expressway (WCE) is expected to increase by up to 75% from the daily traffic average during the Hari Raya Aidilfitri celebrations.

WCE expects over 75% increase in vehicles in conjunction with Aidilfitri

China's three big state-owned airlines posted their fifth straight year of losses this week, citing domestic market competition, low international and business travel demand, supply chain problems and currency depreciation as challenges.

Seremban Engineering Bhd (KL:SEB) has proposed to dispose of a piece of&nbsp; land together with a detached factory near Seremban for RM19.5 million, as part of the company's business rationalisation plan.

Seremban Engineering to sell property in Senawang as part of rationalisation plan

Ajinomoto (Malaysia) Bhd (KL:AJI) has announced the appointment of Daisaku Wadami as its new managing director and chief executive officer, effective April 1, 2025, taking over from Riichiro Osawa.

Ajinomoto Malaysia names Daisaku Wadami as new MD and CEO, succeeding Riichiro Osawa

Huawei Technologies Co executives would likely have known about — and signed off on — alleged bribes to European Union (EU) lawmakers in 2021, according to Belgian judicial authorities.

David Shepardson, Tim Kelly & Katya Golubkova