(Nov 4): Australian graphic design platform Canva Group said on Wednesday it will slash 1,271 jobs, or ​around 22% of its workforce, as part of a ‌restructuring after its growth slowed for the first time in a decade.

Canva co-founder and CEO Melanie ​Perkins said the changes would resha...

Australia's Canva to cut 22% of jobs as growth slows for first time in a decade

(Nov 2): Walt Disney is considering cutting thousands of jobs and has asked some ​managers to target 20% in annual cost savings, Bloomberg ‌News reported on Monday, citing people familiar with the matter.

The reported restructuring effort comes as CEO Josh D'Amaro navigate...

Disney eyes thousands of layoffs, asks managers to target 20% savings

Asia-Pacific rail infrastructure investment is projected to reach US$9.6 trillion by 2050, the highest of any region globally, as governments expand networks to meet rising passenger and freight demand, according to a report by PricewaterhouseCoopers (PwC).

Southeast Asia faces varied paths to rail infrastructure growth

Asian tech stocks looked set to rise after a revival in the artificial-intelligence trade lifted Wall Street, as investors awaited the results of the US midterm elections.

Asian tech stocks to rise on AI rally amid US votes

Advanced Micro Devices Inc., a key challenger to Nvidia Corp. in artificial intelligence chips, gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data center processors remains strong.

AMD forecast exceeds estimates after AI chip demand soars

A revival of the artificial-intelligence trade powered Wall Street gains, bonds fell and the dollar rose on US Election Day. Chipmakers halted a selloff that had been fueled by worries the AI spending spree is becoming harder to justify.

Chip stocks rally as bonds fall on US election day

Malaysia aims to enhance the use of local currencies in cross-border trade and investment transactions through BRICS cooperation, thereby reducing transaction costs and foreign exchange risks.

Malaysia to expand local currency use through BRICS cooperation — MOF

A consortium led by US billionaire Todd Boehly is preparing a securities swap to acquire sanctioned Russian oil major Lukoil's international assets and a deal is expected within weeks, four people close to the sales process said.

US billionaire leads swap plan to buy Lukoil's overseas assets — Reuters

Binance said on Tuesday hackers used a bogus job interview to compromise a computer and an internal artificial intelligence (AI) tool to gain control over the company's wallets before draining US$6.3 billion (RM25.7 billion) worth of crypto, in what could be the largest-ever financial heist.

Binance hackers used fake job interview to compromise computer before US$6.3 bil attack

New orders for US factory goods increased more than expected in September, boosted by bookings for aircraft and a range of other goods, government data showed on Tuesday.

US factory orders beat expectations in September amid broad strength

A brief recap of some business news and corporate announcements that made the headlines on Tuesday.

IOI Properties, IOIPG REIT, Tenaga Nasional, GDB, TWL, HB Global, Malakoff, Orkim, Pertama Digital, MMCS, Asdion, Pekat, Theta Edge, ES Sunlogy

Datuk Ng Chee Siong has been appointed executive director of ready-to-serve food company HB Global Ltd (KL:HBGLOB), while the company’s chief financial officer (CFO), Lim Yong Hwa, has resigned amid a delay in issuing its 2025 annual report.

HB Global appoints Ng Chee Siong as executive director as CFO exits amid annual report delay

Malaysia aims to enhance the use of local currencies in cross-border trade and investment transactions through BRICS cooperation, thereby reducing transaction costs and foreign exchange risks.

ES Sunlogy Bhd (KL:SUNLOGY) has been awarded two subcontracts worth a combined RM25.07 million by Kerjaya Prospek Group Bhd (KL:KERJAYA) for electrical and infrastructure works in Pulau Andaman, Penang.

ES Sunlogy wins two electrical works subcontracts from Kerjaya Prospek

I have always enjoyed history, especially stories of wars and conflicts: how they begin, how people defend what matters to them and how the consequences can outlast the fighting. Reflecting about tensions around the Strait of Hormuz, I found myself thinking of a different war over oil.

Opinion: The other war on oils — part 1: The war at the supermarket shelf

The S&amp;P 500 and the Nasdaq rose on Tuesday on a further drop in crude oil prices ahead of US midterm election results, while Apple joined the list of Big Tech companies whose earnings failed to impress investors.

S&P 500, Nasdaq edge higher ahead of midterm results; Apple falls

President Donald Trump on Tuesday said he made a deal with Israeli Prime Minister Benjamin Netanyahu that Washington would stop US$4 billion (RM16.3 billion) in funding to Israel after the end of this year.

Trump says US will stop US$4b in funding to Israel at end of 2026

Theta Edge Bhd (KL:THETA) said it has secured a RM33.01 million contract to be the exclusive supplier of up to 5,742 laptops and desktop computers to an IT solutions company.

Theta Edge bags RM33m contract to supply laptops and desktops

MM Computer Systems Bhd (KL:MMCS) said it has secured a purchase order worth RM51.58 million to supply graphics processing unit (GPU)-accelerated servers.

MM Computer Systems bags RM52m job to supply AI-ready servers

A consortium led by US billionaire Todd Boehly is preparing a securities swap to acquire sanctioned Russian oil major Lukoil's international assets and a deal is expected within weeks, four people close to the sales process said.

The government plans to develop about 50 latex depots next year to strengthen local rubber production, thereby reducing reliance on latex imports.

Zahid: Govt eyeing 50 additional latex depots in 2027 to reduce reliance on imports

Binance said on Tuesday hackers used a bogus job interview to compromise a computer and an internal artificial intelligence (AI) tool to gain control over the company's wallets before draining US$6.3 billion (RM25.7 billion) worth of crypto, in what could be the largest-ever financial heist.

Asdion Bhd (KL:ASDION) has secured court permission to convene a meeting of seven of its creditors, with listed claims totalling RM4.66 million, to consider a proposed debt restructuring.

Asdion gets court nod for creditor meeting over RM4.66 mil in claims, three-month protection granted

Deputy Commissioner General of Prisons (Community) Hafidz Othman has been appointed the new cmmissioner general of prisons, effective Nov 5, the Prisons Department said.

Hafidz Othman appointed new commissioner general of prisons

Asian tech stocks looked set to rise after a revival in the artificial-intelligence trade lifted Wall Street, as investors awaited the results of the US midterm elections.

Binance may have digested the largest ever crypto hack with relative ease, but not without ceding some of its dominance in digital-asset trading to rivals.&nbsp;

Binance loses market share to crypto exchange rivals after hack

Honda Motor Co Ltd’s European chief said the Japanese carmaker may rebuild a manufacturing presence in the region, depending on the final outcome of new rules in the European Union that will favour locally made cars.&nbsp;

Honda weighs restarting EU car output as new rules take shape

Fiserv has cut its employee and contractor base by 3,000 since June, including a reduction of senior management by more than 10%, CEO Takis Georgakopoulo said on an earnings call on Tuesday.

Fiserv cuts 3,000 employees and contractor jobs under new CEO

Ferrari on Tuesday raised forecasts for this year's results after beating consensus on core profit and revenue in the third quarter, sending shares in the Italian luxury sports car maker up as much as 4.7%.

Ferrari lifts forecasts after outperformance, Luce EV demand strong

Pfizer Inc raised its full-year outlook after it outperformed in the third quarter, as growing demand for its newer medicines helped the drugmaker offset declining sales of its Covid-19 products.

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