The White House has offered assurances that the Trump administration won’t ban US diesel exports, Senator Ted Cruz told refining industry leaders late on Friday.

Refining industry leaders told White House won't ban diesel exports

The debate over artificial intelligence and employment has become preoccupied by a false choice. One side predicts large-scale job destruction; the other notes that aggregate data still show little. Both observations can be true. While AI’s economy-wide employment effects remain limited, the conditions for disruption are already emerging at the level of tasks, firms, and early careers. Given this, waiting for clear evidence that the shock has arrived would be a mistake. The data that eventually settle the argument may arrive only after the opportunity to shape the outcome has passed.

The New Global Economy: AI and the Broken Career Ladder

President Donald Trump’s lavish welcome of leader Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese president is pushing to lock in more favourable terms on Taiwan and trade while he still can.

Xi seizes Trump detente to seek lasting gains on trade, Taiwan

US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve (Fed) interest rate hikes.

Battered bonds draw support from falling oil prices; stocks buoyed by AI enthusiasm

Prime Minister Datuk Seri Anwar Ibrahim heads into the Budget 2027 announcement on Oct 9 facing narrowing fiscal room, as higher fuel subsidies, a growing debt-servicing burden and the possibility of an early general election complicate the government’s efforts to keep fiscal consolidation on track.

Double cover: Budget 2027’s narrowing fiscal space + Credit under watch

US consumer sentiment fell in September to a four-month low amid deepening worries about rising prices and the outlook for the economy.

US consumer sentiment falls on concerns about prices, economy

The United States is expected to release details on the outcome of trade negotiations with China on Monday, US Trade Representative Jamieson Greer said on Friday.

Details on US, China trade talks to come on Monday, says Greer

New orders for key US-manufactured capital goods increased more than expected in August and data for the prior month was revised sharply higher, pointing to another quarter of robust growth in business spending on equipment amid an artificial intelligence infrastructure buildout.

US core capital goods orders surge in August

Oil prices fell more than 1% on Friday as markets weighed the possibility of a truce between the US and Iran against concerns that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the key Middle Eastern producer.

Oil slides as US-Iran truce hopes outweigh Houthi attacks on Saudi Arabia

Gold prices rose on Friday but was on track for a weekly loss, as rising US Treasury yields and growing expectations of Federal Reserve (Fed) rate hikes weighed on the metal.

Gold rises, but on track for weekly loss as Fed rate hike expectations build

The dollar is headed for its best two-week stretch in six months in a reversal of fortunes that’s likely to support the currency through the rest of the year, asset managers and strategists say.

Dollar’s best rally since March has legs as fortunes shift

Pope Leo urged the world to reconsider the development of artificial intelligence (AI), opening his four-day visit to France on Friday with a fervent warning that AI could create a future where "a paradise of machines" takes control of the Earth.

AI creating 'paradise of machines', Pope Leo warns

Corporate failure is usually discussed as a problem for shareholders, lenders and suppliers. For employees, it becomes a household crisis when the next salary does not arrive. Rent, food, loan repayments and transport costs do not wait for a liquidator to determine the order of claims.

Opinion: Insolvency law gives workers priority but not a guarantee of pay

A classic Chinese saying stresses that it is easy to move rivers and mountains, but not behaviour. Once habits take root, they can persist for years, sometimes decades. And the longer a behaviour has been reinforced, the harder it becomes to change it.

Opinion: What a 20 sen plastic bag can teach us about healthcare

The US and China will set up a "communication channel" for artificial intelligence (AI) incidents, the White House said on Friday.

US to set up 'communication channel' with China for AI incidents

US President Donald Trump warned Chinese President Xi Jinping against providing support to Iran during talks in Washington this week and received assurances that China would not do so, the US ambassador to China said on Friday.

Trump said to receive assurances after warning China against supporting Iran

Iran on Saturday awaited an official US response to its proposal to reopen the Strait of Hormuz and end fighting in the wider Middle East war after The Wall Street Journal reported that US President Donald Trump had rejected the deal.

Iran awaits US move after Trump said to have rejected peace plan

US television networks resumed coverage of President Donald Trump’s White House events on Friday, providing the first live pool access for Chinese President Xi Jinping’s visit, as a legal battle continues over restrictions on CNN, MS NOW and Politico.

Trump's media fight continues as CNN barred from weekend trip

A federal appeals court upheld on Friday the Pentagon's blacklisting of Anthropic from military contracts, handing a victory to US President Donald Trump and Defense Secretary Pete Hegseth in their battle with the artificial intelligence (AI) start-up over safety guardrails on its technology.

US appellate court upholds Pentagon's blacklisting of Anthropic

Russian President Vladimir Putin said on Friday that all proposals for a settlement in the 4-1/2-year-old war with Ukraine remained on the table, but Moscow still needs to assess what is in its best interests.

Putin says all Ukraine peace proposals on table, but Russia must weigh its interests

A weak earthquake, measuring 3.3 on the Richter scale, hit Kuamut here at 5.32am on Saturday, according to the Malaysian Meteorological Department (MetMalaysia).

Weak earthquake hits Kinabatangan, no tsunami threat

The Serian district police headquarters in Sarawak recorded an unhealthy air pollutant index (API) reading of 151 as of 9am on Saturday.

Haze: Unhealthy air in Sarawak's Serian, moderate readings in 63 areas nationwide

Iran on Saturday awaited an official US response to its proposal to reopen the Strait of Hormuz and end fighting in the wider Middle East war after The Wall Street Journal reported that US President Donald Trump had rejected the deal.

Prime Minister Datuk Seri Anwar Ibrahim stressed that he would not interfere in matters concerning the position of the Yang di-Pertuan Besar of Negeri Sembilan, and that any dispute involving the royal institution should be resolved in accordance with the Constitution and the law.

Anwar firm on not interfering in Negeri Sembilan Ruler's position

President Donald Trump’s lavish welcome of leader Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese president&nbsp;is pushing to lock in more favourable terms on Taiwan and trade while he still can.

The government is actively reviewing processes and systems to fully transition business applications online so that entrepreneurs no longer need to spend unnecessary time chasing officers for status updates.

Govt committed to put business applications online, cut red tape, says Hannah Yeoh

Prime Minister Datuk Seri Anwar Ibrahim heads into the Budget 2027 announcement on Oct 9 facing narrowing fiscal room, as higher fuel subsidies, a growing debt-servicing burden and the possibility of an early general election complicate the government’s efforts to keep fiscal consolidation on track.

Chipmaker SK Hynix's Solidigm is considering an initial public offering (IPO) as early as next year that could value the US subsidiary at up to US$150 billion (RM611&nbsp;billion), according to three people familiar with the matter.

SK Hynix's Solidigm weighs IPO that could value the unit at up to US$150 bil, sources say

Joe Baratta, the billionaire Blackstone Inc executive and long-time face of its signature buyout fund, is leaving the alternative asset manager by year end after 28 years.

Blackstone’s PE chief Joe Baratta leaving firm

US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve (Fed) interest rate hikes.

US President Donald Trump will host an event with tech and AI leaders on Tuesday to launch a new government website, as his administration faces pressure to adopt new guardrails for the use of artificial intelligence (AI).

Tech, AI leaders to join Trump for launch of govt website

OpenAI’s artificial intelligence (AI) models accessed publicly available information from US government websites, including those of the Census Bureau and the Securities and Exchange Commission (SEC).

OpenAI’s models accessed public US census, SEC data

The debate over artificial intelligence and employment has become preoccupied by a false choice. One side predicts large-scale job destruction; the other notes that aggregate data still show little. Both observations can be true. While AI’s economy-wide employment effects remain limited, the conditions for disruption are already emerging at the level of tasks, firms, and early careers. Given this, waiting for clear evidence that the shock has arrived would be a mistake. The data that eventually settle the argument may arrive only after the opportunity to shape the outcome has passed.

A federal appeals court upheld on Friday the Pentagon's blacklisting of Anthropic from military contracts, handing a victory to US President Donald Trump and Defense Secretary Pete Hegseth in their battle with the artificial intelligence (AI) start-up over safety guardrails on its technology.

Alabama said on Friday it had reached a settlement with TikTok and its Chinese parent company, ByteDance, that requires the social media platform to impose new usage limits and enhanced age-verification measures for users in the state, resolving claims that the platform endangered children and misled consumers about its safety.

TikTok reaches first state settlement over teen safety claims, agrees to user limits

Russian President Vladimir Putin said on Friday that all proposals for a settlement in the 4-1/2-year-old war with Ukraine remained on the table, but Moscow still needs to assess what is in its best interests.

A weak earthquake, measuring 3.3 on the Richter scale, hit&nbsp;Kuamut here at 5.32am on Saturday, according to the Malaysian Meteorological Department (MetMalaysia).

US television networks resumed coverage of President Donald Trump’s White House events on Friday, providing the first live pool access for Chinese President Xi Jinping’s visit, as a legal battle continues over restrictions on CNN, MS NOW and Politico.

The Serian district police headquarters in Sarawak recorded an unhealthy air pollutant index (API) reading of 151 as of 9am on Saturday.

Yemen's Saudi-led coalition said early on Saturday it had intercepted two ballistic missiles and two drones launched by the Iran-backed Houthis towards the kingdom.

Saudi coalition says Houthi missiles, drones intercepted

The White House has offered assurances that the Trump administration won’t ban US diesel exports, Senator Ted Cruz told refining industry leaders late on Friday.

Economy

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