Demand for home loans unexpectedly fell in August as higher borrowing costs triggered by the Iran war put off prospective homebuyers.

UK mortgage approvals fall to 32-month low as loan costs bite

In the early 2000s, Britain had as many as 10 young workers for every person over-65 with a job. Today there are just two, as older employees hang on for longer and first jobs are harder to come by.

UK’s boomers cling to jobs as young people get locked out

The UK Treasury would be as much as £32 billion (RM176.06 billion) better off each year if Britain’s government-run health service had kept pace with its pre-pandemic productivity gains, according to analysis of official figures.

Tackling NHS inefficiency could save Britain £32 bil

UK employers shed more workers in July and job vacancies hit a fresh five-year low as demand for staff remained tepid in the face of heightened uncertainty from events at home and abroad.

UK payrolls fall, vacancies at five-year low in weak job market

Around 90,000 of London’s white-collar jobs are poised to transfer to other parts of the UK over the next five years, as Prime Minister Andy Burnham’s devolution drive and the capital’s cost pressures encourage businesses to shift work elsewhere.

Recruiters see thousands of lawyers, bankers leaving London

(Aug 2): UK employers are creating jobs for experienced staff with artificial intelligence (AI) skills and cutting back elsewhere, according to new figures that show how the technology is starting to create a two-track labour market.

AI s creating a two-speed jobs market in the UK, Indeed says

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

Britain’s unemployment rate rose unexpectedly to the highest in six months as the number of jobs in the economy shrank, an indication that the once red-hot labour market.

UK unemployment jumps to six-month high after economy cools

(Oct 20): Copper mines need about US$332 billion of new investment to avert a future supply shock, according to Bloomberg New Energy Finance (BNEF) estimates.

Copper mines need US$332 bil new investment to ease shortfall

For years, many Chinese entrepreneurs used the same strategy to protect their riches from the taxman. Build a successful business at home, list it on a global exchange, and keep their billions offshore.

Chinese tycoons with US$140 bil overseas face wider tax net

OSLO (Oct 20): Ukraine's President Volodymyr Zelenskiy is arriving in Oslo on Tuesday for talks on the war in Ukraine and European security, the Norwegian government and co-host Finland said.

Ukraine's Zelenskiy travels to Norway for talks on war, security on Tuesday

Existing laws governing Malaysia's financial and enforcement agencies are adequate to tackle corporate crime, said Prime Minister Datuk Seri Anwar Ibrahim on Tuesday, stressing that effective enforcement depends on clear leadership direction and political will.

Anwar cites three cases of owners forced to sell their firms over politics post-Asian Financial Crisis

CALGARY/OTTAWA (Oct 19): Alberta residents voted to remain part of Canada in the province's first-ever referendum on separation, in a much-needed win for Prime Minister Mark Carney as he attempts to unify the country amid a trade war with the US.

Alberta votes to remain part of Canada

Data centre-related projects account for nearly half of ACE Market-bound SKA Capital Bhd's RM313.4 million outstanding order book, as the group eyes more contracts from the fast-growing sector.

ACE Market-bound SKA Capital eyes another RM500m in data centre-linked jobs to swell RM313m order book

Oil prices advanced on Tuesday, with Brent hovering around a five-month high as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.

Brent crude holds near five-month high on Middle East tension

LONDON (Oct 20): British workers have seen another modest rise in the pace of pay growth and there were other signs of a small recovery in the jobs market, according to data which could bolster the case for a Bank of England (BOE) interest rate hike next month.

UK jobs market shows some recovery signs as BOE mulls rate hike

SINCE the beginning of the year, Sunway Bhd (KL:SUNWAY) shares have declined more than 20%. From a record high of RM5.98 in February this year, the stock has fallen by almost 30%, coming on the heels of Sunway’s failed bid earlier this year to take over rival IJM Corp Bhd (KL:IJM) for RM3.15 bill...

Sunway shares slide as investors await fresh rerating catalysts

KUALA LUMPUR (Oct 20): Shinyou Holdings Bhd, which installs lifts and escalators, is seeking a listing on the ACE Market to raise capital for expansion and working capital for new projects.

Elevator firm Shinyou Holdings seeks ACE Market listing

The Registrar of Societies on Tuesday decided to deregister Perikatan Nasional, citing the coalition’s inadequate response to a show-cause notice issued last month.

Registrar of Societies deregisters Perikatan Nasional

Serba Dinamik Holdings Bhd founder Datuk Mohd Abdul Karim Abdullah has been placed on an Interpol Red Notice to help locate and arrest him.

Serba Dinamik founder Abdul Karim on Interpol Red Notice, says Anwar

KUALA LUMPUR (Oct 20): Malaysia is considering a waiver of export tax on crude palm oil as a way to boost shipments and whittle down record-high inventories, Bloomberg reported.

Malaysia considers waiving palm oil export taxes to clear glut — Bloomberg

Prime Minister Datuk Seri Anwar Ibrahim has dismissed the allegation that a minister had solicited RM9.5 million in connection with the “corporate mafia” controversy as a mere “political statement unsupported by evidence”.

Allegation minister solicited RM9.5m in 'corporate mafia' case just a political statement, says Anwar

Asian stocks retreated broadly on Tuesday while oil prices rose as geopolitical risks rattled sentiment ahead of key results from artificial intelligence (AI) bellwether companies.

Asian shares stumble, oil rises as investors await AI sector earnings

Prime Minister Datuk Seri Anwar Ibrahim on Tuesday said the government will establish a special committee chaired by the attorney general to investigate corporate crime.

Anwar: Govt to set up special committee to investigate corporate crime, chaired by attorney general

Oil prices advanced on Tuesday, with Brent hovering around a five-month high as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.

KUALA LUMPUR (Oct 20): National shuttler Lee Zii Jia and his family members have settled an ongoing court tussle involving his company LZJ Management Sdn Bhd.

National shuttler Lee Zii Jia settles court tussle against father, family over his company

The government is finalising the State-owned Enterprises Bill to tighten the regulation, governance and financial management of government bodies and agencies, with the aim of having it tabled and passed in the Dewan Rakyat this year.

State-Owned Enterprises Bill targeted for tabling and approval this year — PM

Electrical engineering firm SKA Capital Bhd has priced its shares at 43 sen per share for its ACE Market listing.

SKA Capital aims to raise over RM100 mil from ACE Market IPO

KUALA LUMPUR (Oct 20): SD Guthrie Bhd (KL:SDG) on Tuesday denied allegations that its subsidiaries or employees caused forest and land fires in Indonesia.

SD Guthrie denies its estates cause fires in Indonesia

Existing laws governing Malaysia's financial and enforcement agencies are adequate to tackle corporate crime, said Prime Minister Datuk Seri Anwar Ibrahim on Tuesday, stressing that effective enforcement depends on clear leadership direction and political will.

Maybank Investment Bank Bhd is the most bullish among 12 analysts surveyed by Bloomberg covering Solarvest Holdings Bhd (KL:SLVEST), citing the group's track record of bagging 30% of Malaysia's current solar jobs as another RM20-RM25 billion in contracts are in the pipeline.

Maybank IB expects Solarvest stock to shine amid solar construction boom, ups target price to RM5.68 

Attorney General Tan Sri Mohd Dusuki Mokhtar has confirmed that Malaysian Border Control and Protection Agency director general Datuk Seri Mohd Shuhaily Mohd Zain will face charges over the alleged assault of two policemen at Kuala Lumpur International Airport (KLIA).

AG confirms Border Control DG Shuhaily to face charges for voluntarily causing hurt

French protests largely died down after authorities rolled out tougher security measures, including targeted curfews, following cost-of-living protests over the weekend that degenerated into violence, vandalism and looting.

French unrest tapers off after tougher security measures

JAKARTA (Oct 20): Indonesia's market operator further tightened stock selling restrictions on Tuesday as authorities race to contain a record-breaking rout triggered by MSCI threatening to strip the country of "emerging market" status and expel it from global indexes.

Indonesia bourse further tightens stock selling restrictions

<h2>Notable filings</h2>

Over the week of Sept 28 to Oct 2, notable filings on shareholding changes among Bursa Malaysia-listed companies included those at Avangaad Bhd (KL:AVANGAAD).

Sindora Bhd and Kulim (M) Bhd, both controlled by Johor Corp Bhd, the investment ar...

Insider Moves: Avangaad Bhd, Greatech Technology Bhd, Inari Amertron Bhd, Johor Plantations Group Bhd, Southern Cable Group Bhd, IJM Corp Bhd

Singapore internet giant Sea Ltd&nbsp;is starting a new cloud business and weighing a public listing of its financial technology (fintech)&nbsp;arm, seeking to bolster growth and revive a plunging stock.

Singapore's Sea starts enterprise cloud foray while eyeing fintech arm IPO

KUALA LUMPUR (Oct 20): Sunway Group has officially launched the RM200 million Jeffrey Cheah Performing Arts Centre (JCPAC) at Sunway Square in Sunway City Kuala Lumpur, Selangor.

Sunway Group unveils RM200 mil performing arts centre at Sunway Square

(Oct 20): Data-centre infrastructure company Elice Inc&nbsp;plunged in its trading debut in South Korea, dragged down by swirling concern about the outlook for the industry.

Irina Anghel

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Irina Anghel

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