Microsoft Corp is teaming up with labour unions to create “an open dialogue” on how artificial intelligence (AI) will impact workers.

Microsoft, labour unions form ‘historic’ alliance on AI

AT&T Inc’s choice of Ericsson AB for a US$14 billion (RM65.56 billion) revamp of its sprawling mobile network marks a coming of age for flexible wireless technology that promises to bring competition to infrastructure markets dominated by two companies.

AT&T’s US$14b Ericsson deal signals open networks’ arrival

China's Huawei Technologies has asked Mercedes Benz and Volkswagen's Audi if they are interested in buying small stakes in its smart car software and components firm, according to three people with knowledge of the discussions.

Huawei approaches Audi, Mercedes about smart car investment, sources say

CyberSecurity Malaysia has issued a warning of a significant increase in data breach incidents from January to November this year.

Increase in data breach incidents, stolen info sold on the dark web, warns CyberSecurity 

Chinese chip designers including Tencent Holdings are aggressively pitching their AI chips as alternatives to Nvidia's, hoping US export restrictions will prompt clients to switch, said four people familiar with such discussions.

After US curbs, Tencent and small chip designers chase Nvidia's China crown

HANOI (Dec 11): US chipmaker Nvidia Corp's chief executive officer said on Monday that the company will expand its partnership with Vietnam's top tech firms and support the country in training talent for developing artificial intelligence and digital infrastructure.

Nvidia to expand ties with Vietnam, support AI development

The deal on rules regulating artificial intelligence (AI), struck by European Union (EU) lawmakers and member states on Friday, has been welcomed by British academic experts, who see it as a positive step towards broader global regulation but emphasise the need for a global standard and cooperation.

British academics call for global AI regulation following EU deal

Huawei Technologies Co’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights.

Huawei phone shows China replacing US suppliers of 5G tech

Jack Ma essentially invented the e-commerce business in China by co-founding Alibaba Group Holding Ltd and steering it to the top of the country’s private sector. But a couple weeks ago, the celebrated entrepreneur called out a little-known rival for outpacing his brainchild and becoming a role model for the tech industry.

Jack Ma’s biggest e-commerce rival is coming for Amazon

RHB Investment Bank Research has maintained “buy” on YTL Power International Bhd at RM2.42, with a higher target price of RM2.95 (from RM2.72), and has a long-term positive view on YTL Power’s new collaboration with Nvidia.

RHB IB ups target price for YTL Power to RM2.95, positive on Nvidia tie-up

KUALA LUMPUR (Dec 10): Human Resources Minister V Sivakumar has urged all parties to give the internal forensic team space to complete its investigation on the cyberattack that targeted the infrastructure and image of the Social Security Organisation (Socso).

Sivakumar: Allow space for internal forensics’  probe on Socso cyberattack

HANOI (Dec 10): Nvidia Corp wishes to establish a base in Vietnam to develop the country's semiconductor industry, as it considers the Vietnamese market an important one, the Vietnamese government said, citing the US chipmaker's chief executive officer (CEO).

Nvidia CEO aims to set up a base in Vietnam

KUALA LUMPUR (Dec 10): It is important to establish the chief information security officer position within every ministry to effectively address the issue of data breaches, following recent incidents such as the breach of the Social Security Organisation (Socso) database.

Fahmi: Ministries need to appoint chief info security officer to combat data breaches

The collaboration between MyEG Services Bhd and Beitou IT Innovation is set to be a catalyst to realise Malaysia's vision to be a major exporter of new technology, simultaneously enhancing investor confidence in the country's digital services, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

MyEG-Beitou collaboration catalyst for Malaysia to become exporter of new technology, says Zahid

Prime Minister Datuk Seri Anwar Ibrahim has called on all relevant parties to emphasise the need for the country's investment landscape and ecosystem to be more creative and investor-friendly.

Anwar wants Malaysia's investment landscape, ecosystem to be more creative and investor friendly

Taiwan's military sent forces to watch a Chinese naval formation, led by the aircraft carrier Shandong, sailing through the Taiwan Strait on Monday, Taiwan's defence ministry said, as Beijing keeps up pressure ahead of elections next month.

Taiwan again reports Chinese carrier group in Taiwan Strait as election looms

Hamas said it was striking back against Israeli forces across Gaza on Monday and Palestinians and international relief agencies said public order was disintegrating as hunger spread, fuelling fears of a mass exodus to Egypt.

Gazans say hunger is causing social breakdown, fuelling fears of exodus into Egypt

The UN's climate body on Monday published its latest draft text of the deal it hopes to reach at the COP28 summit in Dubai, which includes a range of actions countries could take to reduce emissions.

New COP28 draft text does not mention phase out of fossil fuels

Moody's Investors Service on Monday affirmed the long-term foreign currency deposit ratings of HSBC Bank Malaysia Bhd (HSBC Malaysia) at A2 and Standard Chartered Bank Malaysia Bhd (StanChart Malaysia) at Baa1.

Moody's affirms all ratings of HSBC Malaysia, StanChart Malaysia with stable outlook

The Communications and Digital Ministry (KKD) will carry on blocking social media platforms with content that can influence, affect and compromise public morals.

KKD will continue to block social media platforms that compromise public morals — Fahmi

Malaysia has not yet reached a final decision regarding Article 6 Paragraph 2 of the Paris Agreement due to fears that it may affect the Nationally Determined Contribution (NDC) commitment that has been set.

Malaysia still studying Article 6 of Paris Agreement, concerned about impact on NDC commitment

Representatives from Myanmar's ruling military have held talks, facilitated by China, with three armed rebel groups leading an anti-junta offensive, state media reported a junta spokesperson as saying on Monday.

Myanmar military meets rebel groups with China's help — junta spokesperson

Prime Minister Datuk Seri Anwar Ibrahim is expected to announce a Cabinet reshuffle on Tuesday, which will likely include the appointment of a finance minister II, according to sources with knowledge of the matter.

PM set to announce Cabinet reshuffle tomorrow, EPF CEO tipped to be finance minister II — sources

Supermax Corp Bhd said shareholders without any management role or without position in the company’s board of directors have no authority to make any official statement on its behalf.

Supermax says shareholders without board posts can't speak for company as family strain resurfaces over jet buy

KUALA LUMPUR (Dec 11): Shares in YTL Power International Bhd continued their upward momentum on Monday toward their highest since the company’s listing in 1997, after it announced its partnership with US-tech giant Nvidia Corp to build an artificial intelligence (AI) data centre in Johor.

YTL Power, YTL Corp hit fresh record highs on AI hub tie-up with Nvidia

Huawei Technologies Co’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights.

Abang Abdillah Izzarim Abang Abdul Rahman Zohari has stepped down as executive chairman of Sarawak Consolidated Industries Bhd (SCIB), just six months after he was appointed to the position.

Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman

KUALA LUMPUR (Dec 11): Independent advisor Malacca Securities said the takeover offer price of RM1.55 for Boustead Plantation Bhd (BPlant) by Lembaga Tabung Angkatan Tentera (LTAT) is “not fair” but “reasonable” and recommended that shareholders accept the offer.

Malacca Securities deems BPlant’s takeover price unfair but recommends shareholders accept it

theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

YTL Corp, KUB Malaysia, RCE Capital, Engtex, YTL Power

The contract value of local companies' involvement in the East Coast Rail Link (ECRL) project has reached RM12.99 billion, surpassing the set target of RM10.8 billion, according to Transport Minister&nbsp;Anthony Loke Siew Fook.

ECRL: Local company contract value reaches RM12.99b, surpasses RM10.8b target, says Loke

KUALA LUMPUR (Dec 11): The move towards&nbsp;de-dollarisation could have positive impacts on the Malaysian economy, said&nbsp;Socio-Economic Research Centre executive director Lee Heng Guie.&nbsp;

De-dollarisation could have positive impacts on Malaysian economy — expert

Yang di-Pertuan Agong&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah officiated the installation of the first&nbsp;track of the East Coast Rail Link (ECRL) project here on Monday.

King officiates installation of first ECRL track

KUALA LUMPUR (Dec 11): Jentayu Sustainables Bhd’s second generator of its 40MW (megawatt)&nbsp;Telekosang run-of-river hydropower plant in Tenom, Sabah, has achieved its initial operation date on Dec 9, with the feed-in-tariff commencement date (FiTCD) targeted in the next 30 days.

Jentayu sees Telekosang Hydro 2 feed-in-tariff in one month, to rope in partner for 170MW Project Oriole

DRB-Hicom Bhd has entered into an agreement to form a joint-venture (JV) company with China’s auto giant Zhejiang Geely Holding Group Co Ltd for the overall operation and management of the development and construction of the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely form JV to develop Automotive Hi-Tech Valley project

Bursa Malaysia snapped five consecutive days of losses last week to end higher on Monday on late buying amid the mixed regional market performance, said an analyst.&nbsp;

Late buying lifts Bursa to end at intraday high

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Hong Leong Industries Bhd (HLI) has sold its investment holding firm HLI Trading Ltd (HLIT) to Guoline International Ltd (GIL) for US$7.78 million (RM36.22 million) in a related-party cash transaction.

HLIB sells investment holding unit to major shareholders’ firm

Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million.

Sentral REIT completes RM450 mil acquisition of Menara CelcomDigi from MRCB

KUALA LUMPUR (Dec 11): Bursa Malaysia Derivatives Bhd (BMD) has&nbsp;launched its first currency futures contract, the Mini&nbsp;USD/CNH Futures (FCNH), through a licensing agreement established with Hong Kong Exchanges and Clearing Ltd (HKEX).

Bursa Malaysia Derivatives launches first currency futures contract through HKEX collaboration

Penang has reportedly&nbsp;proven its allure to both new and existing investors, with an investment inflow of RM34.6 billion in the manufacturing sector in the third quarter of 2023 (3Q2023), a 421% year-on-year (y-o-y)&nbsp;increase.

Penang saw RM34.6b manufacturing-sector investment inflow in 3Q, says Chow

Malaysia-headquartered property company United Overseas Australia (UOA) said on Monday its Vietnamese unit had inked a joint-venture (JV) agreement with CapitaLand (Vietnam) Holdings for a US$247.1 million (RM1.16 billion) property project.

UOA, CapitaLand ink JV for US$247m property project in Vietnam

Malaysia’s government can’t rule out whether a local charity funnelled millions of dollars to Hamas, according to officials familiar with the matter, as it probes the group for allegedly supporting a conservative Islamist organisation in the Southeast Asian nation.

Tech

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