US President Donald Trump said he would look to counter China’s economic advantage from coal-based electricity by authorising his administration to ramp up production of energy from the fossil fuel.

Trump says he’s authorising administration to produce coal power

Hon Hai Precision Industry Co has secured an agreement to make Mitsubishi Motors Corp electric vehicles (EVs), scoring the first major customer for its fledging EV contract manufacturing business.

Taiwan's Foxconn gets Mitsubishi Motors as first major EV-making client in bid to diversify from iPhones, Bloomberg reports

The financial industry is abandoning caution and chasing the rally in European stocks, hiking their targets and looking to the upside.

Nearly half of the strategists in a monthly Bloomberg survey have raised their forecasts for the Stoxx Europe 600 Index since last month — when about two thirds of strategists were expecting downside ahead.

Market strategists finally upgrade Europe after years of caution

Britain's Heathrow Airport was shut on Friday after a huge fire at a nearby electrical substation wiped out its power, disrupting flight schedules around the world.

Heathrow Airport closed by huge fire at power station, global flight schedules disrupted

Four Malaysia Airlines flights from Kuala Lumpur to London have been affected by the power outage at London Heathrow Airport, according to Malaysia Aviation Group (MAG).

Four Malaysia Airlines flights to London affected due to Heathrow Airport closure

UK Chancellor of the Exchequer Rachel Reeves is set to significantly overshoot her borrowing forecasts for the current fiscal year, highlighting the fragile state of the public finances ahead of a key economic statement next week.

UK borrowing overshoot hits £20b in blow for Reeves

A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.

Pro-Beijing paper urges Li Ka-shing to scrap Panama port sale

The chatter around artificial intelligence on earnings calls in Europe is scaling new peaks as even companies beyond technology-related sectors are embracing it to boost efficiency and competitiveness.

AI chatter hits record on European earnings calls across sectors

The Attorney General's Chambers (AGC) has applied to strike out the government, along with Prime Minister Datuk Seri Anwar Ibrahim, as parties in Datuk Seri Mukhriz Mahathir's ongoing legal action over additional taxes and subsequent penalty of about RM5 million.

Anwar, govt seek to be removed from Mukhriz's legal challenge over RM5 mil additional taxes

Vietnam officials are investigating the Chinese milk tea brand Chagee, which is set to open its first store in Vietnam, for using images of the so-called “nine-dash line” map on its mobile app, according to a posting on the Ho Chi Minh City party committee’s website.

Vietnam investigates milk tea brand Chagee in another probe over map

Elon Musk sought to reassure Tesla Inc employees that despite “rocky moments”, they should “hang onto” their stock, in an unannounced all-hands meeting Thursday in Austin, Texas, which the billionaire chief executive streamed live on his social media network X.

Musk asks Tesla employees to hang on to stock despite 40% drop

Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.

Lim Seong Hai Capital opens 17% lower on ACE Market debut

Malaysia Airlines’ parent Malaysia Aviation Group Bhd (MAG) is acquiring another&nbsp;30 new Boeing aircraft&nbsp;for the second stage of its fleet renewal strategy.

Malaysia Airlines’ parent opts for 30 new Boeing aircraft for second stage of fleet renewal

Top Glove Corporation Bhd (KL:TOPGLOV) will likely turn in smaller-than-expected profits for fiscal 2025, analysts said while flagging rising risk from Chinese rivals.

Top Glove faces rising risks from Chinese rivals, analysts flag after weaker-than-expected 2Q

Genting Bhd (KL:GENTING) has agreed to pay a fine of US$10.5 million (RM46.41 million) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort operations.

Genting agrees to RM46m fine as part of settlement for complaint against its Las Vegas resort

The Bank of Thailand, which has long resisted interest-rate cuts despite immense political pressure, may end up having to embark on the region’s most aggressive easing cycle as a sluggish economy takes a turn for the worse, according to analysts.

Thailand may yet embark on Southeast Asia's most aggressive rate cuts

Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang.

The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials, Nestle Malaysia said in a statement. The hub is expected to be fully operational by the first quarter of 2026 and create over 200 new jobs, it said.

Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

Asian stocks inched lower on Friday in a subdued end to the week as deepening geopolitical worries and fears over US tariffs and their impact on the global economy curbed investors appetite for risk, keeping safe-haven gold near record highs.

Asian stocks slip as growth, tariff worries weigh

Lembaga Tabung Haji declared a profit distribution rate of 3.25% after zakat for the financial year ended Dec 31, 2024 (FY2024), breaking its previous four-year streak of declaring 3.1%.

Tabung Haji declares 3.25% profit distribution for FY2024

South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China, their biggest market.

South Korean plastics giants struggle as China becomes a rival

Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.

Boeing to increase Malaysian workforce by 20% as part of expanded partnership with Malaysia Airlines

GX Bank Bhd, Malaysia’s first digital bank, commands the largest share of customer deposits among operational digital banks with RM2.16 billion deposits as of September 2024, according to RAM Ratings.

GXBank tops digital banking sector deposits with RM2.16 bil as of September 2024 — RAM Ratings

Read more in the March 24 edition of The Edge Malaysia Weekly.

Trumpianomics: The Art of Coercion

MSB Global Group Bhd, an aftermarket automotive parts and components distributor, on Friday launched its initial public offering (IPO) that could raise up to RM41.4 million from the ACE Market.

Autopart distributor MSB Global sets ACE Market IPO price at 20 sen per share

Oil advanced after the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord.

Oil advances as US ramps up sanctions against Iranian crude

Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.

Malaysia's February inflation slows as housing, utilities costs moderate, official data show

For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin.

Prabowo faces investor revolt over Indonesia’s economic path

Chinese consumer giants dominate next week’s earnings after a survey showed consumers are&nbsp;feeling&nbsp;increasingly optimistic and Beijing&nbsp;outlined plans&nbsp;to revive consumption by boosting incomes.

Pop Mart, Haidilao, Nongfu Spring to set tone for China consumption

DRB-Hicom Bhd (KL:DRBHCOM) has been spared from a potential RM246.25 million tax bill after the Inland Revenue Board (IRB) ruled in favour of the automotive-to-banking conglomerate’s appeal, reversing its decision to classify the gain from the disposal of its long-held stake in Alam Flora Sdn Bhd as income.

DRB-Hicom spared RM246 mil tax bill after IRB rules in favour of appeal

A fresh bout of instability gripped the stock market as concern around the potential impacts of a trade war outweighed the latest housing and jobs data showing the world’s largest economy is still holding up.

US stocks halt Fed-fuelled rally as trade fear lingers

Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post

Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post

Jennifer A Dlouhy & Ari Natter