The PM unveils his new Cabinet lineup, which includes CIMB’s Tengku Datuk Seri Zafrul Aziz. Meanwhile, Malaysia Airlines is cutting its senior management’s salaries and allowances, and Tesco sells its Thai and Malaysian operations in the largest M&A in Asia to date. </div><div class=inPageAd id=div-gpt-ad-inpage>

EVENING 5: PM unveils new Cabinet

LONDON (Sep 6): Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday.

New British Prime Minister Keir Starmer said he wanted the economy to achieve annual growth of 2.5% when campaigning in the...

Britain needs extra $1.3 trillion investment for economic growth, report says

Fast food giant Pizza Hut is adapting to China's sluggish economy by opening stores that offer smaller, cheaper versions of its favourites to attract cost-conscious diners, a strategy its parent Yum China is also using for other brands.

New Pizza Hut concept stores in China help frugal diners save 

Nio Inc said revenue almost doubled in the second quarter after the Chinese manufacturer saw strong sales of its electric vehicles.

China’s Nio defies EV slowdown as sales nearly double

Airbus SE handed over 47 new jets to airline customers in August, inching closer to its revised full-year target of 770 commercial jet deliveries.

Airbus handed over 47 jets to airlines in August in summer lull

China should explain widening discrepancies in its balance of payments data that are obscuring growing global imbalances, a top US economist said.

China should explain ‘enormous’ data gaps, ex-US official says

Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to fall below those on longer-term debt, analysts at JPMorgan said.

Cash could stay attractive for months despite rate cuts, JPMorgan says

The Japanese government on Friday agreed to take several steps to secure local consent for restarting Tokyo Electric Power's (Tepco) Kashiwazaki-Kariwa nuclear power plant, including reinforcing evacuation measures in the area.

Japan govt agrees to measures to help restart Tepco's nuclear reactor

The UK needs about £1 trillion (RM5.7 trillion) of investment over the next decade to meet its goals for economic growth, according to London business executives. 

An extra £100 billion of fresh investment every year would put the country on track to achieve 3% annual growth in real wages and real gross domestic product per capita, according to a report from the Capital Markets Industry Taskforce.

UK needs £1 tril investment to meet growth goals, say London executives 

Japan's Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei business daily reported, becoming the latest automaker to roll back electric car plans as EV sales momentum wanes.

Toyota cuts 2026 global EV output plans by a third — report

Asian refiners' margins slumped to their lowest seasonal levels since 2020 this week as supplies of diesel and gasoline rose after peak summer travel demand ended, industry officials and analysts said on Friday.

Asia refining margins at lowest seasonal levels since 2020 as supplies grow

Datuk Captain Izham Ismail, the group managing director of Malaysia Aviation Group (MAG), has apologised to Malaysia Airlines customers who are affected by the group’s network reduction exercise.&nbsp;

Captain Izham apologises for network cuts, says move to ensure 'Malaysia Airlines is a safe airline'

KUALA LUMPUR (Sept 6): Malaysia Airlines has unveiled flights to Paris in March next year, marking the national carrier’s return to the French city after more than nine years.

Malaysia Airlines to offer direct flights to Paris after nine years

China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the US$1.70 trillion (RM7.37 trillion) sector and build stronger investment banks to compete with overseas financial firms.

China creates its largest brokerage to take on Wall Street

KUALA LUMPUR (Sept 4): Malaysia Airlines now expects to receive its first Airbus A330neo in October this year, instead of this month, said Malaysia Aviation Group’s (MAG) group managing director Datuk Captain Izham Ismail.

Malaysia Airlines to get first A330neo in October, one month late

Stocks whipsawed ahead of US jobs data that will be key in determining the size of a Federal Reserve (Fed) rate cut in September.

In a session of several twists and turns, the S&amp;P 500 finished lower. That’s despite a rally in a handful of big techs. Treasury yields fell slightly, with traders still pricing in over 100 basis points in Fed easing this year — which implies a potential super-sized reduction. Given Jerome Powell’s recent emphasis on the labour market, many on Wall Street say Friday’s US payrolls will dictate whether the Fed cuts by 25 or 50 basis points this month.

Wall Street down as jobs leave ‘little room for error’

Warren Buffett extended his sales of Bank of America Corp shares into September, reaping a total of US$6.97 billion (RM30.23 billion) since the spree of disposals started in mid-July.

Buffett’s haul from Bank of America stock sales nears US$7b

KUALA LUMPUR (Sept 6): Gamuda Bhd (KL:GAMUDA) said on Friday that its joint venture (JV) to build the Ulu Padas hydroelectric project has been approved by the Sabah energy regulator.

Gamuda’s Ulu Padas hydroelectric project approved by Sabah energy regulator

A revised public display of the third phase of the Mass Rapid Transit (MRT3) indicates the government’s commitment and another step forward for the project, CIMB Securities said.

Revised public display of MRT3 seen as another step forward, indicating govt commitment to project

Hartalega Holdings Bhd (KL:HARTA) said it is seeing demand recovery amid restocking activities while full capacity at Chinese factories have pushed some of the orders to Malaysia.

Demand for gloves at times is strong, but it may slow down occasionally, Hartalega chief executive officer Kuan Mun Leong told reporters following the annual general meeting of Malaysia's largest&nbsp;nitrile glovemaker. However, demand would likely normalise by 2026 after the “bumpy” years, he said.

Hartalega sees glove demand normalising by 2026, shrugs off Chinese competition

Asian shares struggled for direction&nbsp;while the yen jumped on Friday, as investors remained on tenterhooks ahead of US&nbsp;jobs data that could decide the size and speed of coming rate cuts in the world's largest economy.

Markets on tenterhooks ahead of key US jobs data; yen jumps

Malaysia&nbsp;hopes for the influx of Russian companies into the country and an increase in the tourist flow between the two nations, Prime Minister Datuk Seri Anwar Ibrahim said in an interview with RIA Novosti and RT, reported Sputnik.

Anwar hopes for influx of Russian companies, increase in tourist flow

US Republican presidential candidate Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched his agenda to Wall Street and corporate leaders in New York.

Trump vows 15% corporate tax, taps Musk for federal audit

The prosecution and defence are still ironing out the details of Datin Seri Rosmah Mansor's third letter of representation to drop all 17 money-laundering and tax evasion charges.

Details of Rosmah's third letter of representation in money-laundering case yet to be finalised, court told

China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that has weighed on the world’s No&nbsp;2 economy.

China’s earnings setback sows fresh doubts about stock rebound

Intel Corp&nbsp;is considering options for its stake in its struggling automated driving systems provider Mobileye Global Inc&nbsp;as part of a major strategy overhaul, people with knowledge of the matter said.

Intel exploring Mobileye stake selldown, Bloomberg reports

Malaysia’s traditional media companies will likely trudge against sustained headwinds on consumer sentiment and advertising spending despite recent improvements, Kenanga Investment Bank warned.

Traditional media companies expected to keep struggling amid sustained headwinds

Billionaire John Paulson said the Federal Reserve (Fed) has waited too long to cut interest rates and expects the central bank to lower them in the months ahead.

Billionaire Paulson sees Fed cutting rates to as low as 2.5% by end of 2025

TOKYO/SYDNEY/HONG KONG (Sept 6): Japanese retail giant&nbsp;Seven&nbsp;&amp; i Holdings said on Friday that it had turned down Canada's Alimentation Couche-Tard's US$38.5 billion (RM166.82 billion) cash bid, rejecting an offer that would be the largest-ever foreign buyout of a Japanese company.

Japan's Seven & i rejects Couche-Tard's US$38.5b takeover offer

China handed a nine-year prison term to a Taiwanese political activist convicted of “separatism”, a rare sentence that prompted Taiwan to warn its people about the dangers of travelling across the strait.

China jails Taiwanese person on separatism charge for first time

Negotiations on the establishment of an Asian monetary fund are underway, and it should not be considered as an alternative, but a complement to the existing international financial institutions, Prime Minister Datuk Seri Anwar&nbsp;Ibrahim said in an interview with RIA Novosti and RT.