(Oct 26): While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports.

The meltdown, tanking the mainland STAR50 index of AI and semiconductor leaders by 40% in less than four month...

In China, the AI bubble has already burst

ORLANDO, Florida (Oct 26): AI skittishness has put the brakes on Wall Street's rally, resuscitating demand for US Treasuries as investors seek to protect portfolios, even as surging energy prices stoke inflation. This could put the Federal Reserve in an unenviable stagflationary bind.

...

Opinion: AI gloom revives the specter of stagflation

(Oct 26): The world's largest technology companies are tapping debt markets and raising equity to bolster AI infrastructure, marking a shift for Silicon Valley firms that typically relied on cash to fund their investments.

Alphabet, Amazon, Microsoft and Meta signaled in April that spen...

Tech companies tap debt, equity to fund AI and cloud expansion

PARIS (Oct 26): French student leaders vowed to go on protesting despite government concessions on education, keeping pressure ​on President Emmanuel Macron as the movement spreads to unions and other activists, stokes unrest and deepens the economic damage.

The measures ‌included ...

French students vow more protests despite Macron government's concessions

Anthropic PBC warned it may need to seek more financing sooner than the artificial-intelligence company had anticipated while saying little about its potential path to an investment-grade credit rating in its closely watched IPO filing.

Anthropic mum on investment grade as it warns of more debt

Asian stocks were set to rise, tracking gains on Wall Street as Anthropic PBC’s initial public offering filing revived enthusiasm for artificial intelligence ahead of big tech earnings and the Federal Reserve’s rate decision.

Asian stocks to gain as Anthropic files for IPO

il fell for a second day as stepped-up diplomatic efforts bolstered hopes a broader escalation in the US-Iran war may be averted. West Texas Intermediate dropped toward US$101 a barrel after losing 1.5% in the previous session, while Brent settled below US$116.

Oil declines as diplomacy offers hope of Mideast deescalation

A revival of the artificial-intelligence trade fueled gains in stocks as Anthropic PBC filed for an IPO, with investors bracing for this week’s results from tech giants and the Federal Reserve decision.

Stocks get tech boost as Anthropic files for IPO

The government is compiling data on refugee communities nationwide through the Refugee Registration Document (DPP) programme under National Security Council (MKN) directive No 23, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Govt collecting data on refugees nationwide under MKN directive — DPM

Pakatan Harapan (PH) will implement a prudent campaign in the Melaka state election (PRN) by explaining the unity government's initiatives under the leadership of Prime Minister Datuk Seri Anwar Ibrahim to the rakyat.

PH to implement prudent campaign approach in Melaka state election — Saifuddin

The Armed Forces Fund Board (LTAT) has sold a parcel of leasehold land in Ampang Hilir to the United States government for RM420 million through a tender process, Defence Minister Datuk Seri Mohamed Khaled Nordin told the Dewan Rakyat on Monday.

Khaled: LTAT sold Ampang Hilir leasehold land to US for RM420m

Tan Sri Tan Kean Soon, who was recently charged with cheating a businessman of more than RM10 million, has disposed of his entire direct stake of 74.18 million shares in T7 Global Bhd (KL:T7GLOBAL), with his wife, Puan Sri Shirley Law Siong Hiong, acquiring the same number of shares.

Tan Kean Soon sells 74.18 mil T7 Global shares to wife in RM8.53 mil deal

Lufthansa Airlines on Monday launched its non-stop service between Kuala Lumpur and Frankfurt, Germany, restoring a direct air link between the two cities after nearly a decade.

Lufthansa resumes KL-Frankfurt direct flight service after nearly a decade

Soybean futures fell to a two-month low in Chicago, while coffee and sugar slumped as President Luiz Inácio Lula da Silva’s surprise election win in Brazil hit the nation’s currency, boosting export prospects for the commodity powerhouse.

Soybeans hit two-month low as Lula’s win lifts China trade outlook

The US$50 billion (RM204 billion) investment announced by Prime Minister Datuk Seri Anwar Ibrahim recently includes strategic plans by a major international company to develop an artificial intelligence (AI) data centre in Tanjung Embang.

US$50 bil AI investment: Tanjung Embang identified as strategic location, says Abang Johari

Malaysia is scheduled to receive its first two South Korean-made FA-50M Block 20 light combat aircraft this Friday, Oct 30, as part of a procurement of 18 such aircraft worth nearly RM4 billion.

Malaysia to get first two South Korean-made FA-50M aircraft on Friday — minister

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday

Matang, PIE Industrial, GDB, Pansar, Aneka Jaringan, Berjaya Property, Citaglobal, SSF Home, KKB Engineering, Econpile, Malton, West River & T7 Global 

Businessman Calvin Lau Chuen Yien has emerged as a substantial shareholder in Solution Group Bhd (KL:SOLUTN) after his investment vehicle Lavin Group Sdn Bhd increased its stake in the engineering solutions provider to 10.06%.

Calvin Lau becomes Solution Group’s new substantial shareholder as Kretam CEO Freddy Lim exits

Semiconductor equipment maker Edelteq Holdings Bhd (KL:EDELTEQ) plans to invest RM15.3 million for a controlling 51% stake in Nixma Technology (M) Sdn Bhd, as it seeks to expand its factory automation capabilities and diversify its earnings base across more industrial sectors.

Edelteq buys into factory automation firm to expand earnings base

Mobilising private capital and preparing the national grid for more renewable energy are critical to meeting rising electricity demand while balancing economic growth, affordability and environmental protection.

Financing and grid readiness key to accelerating energy transition

The Bandar Madani Bukit Jalil township project will be developed in phases over 15 years to ensure that each stage is aligned with infrastructure readiness and road capacity, said Housing and Local Government Minister Nga Kor Ming.

Bandar Madani Bukit Jalil to be developed in phases over 15 years, says Nga

The S&amp;P 500 and Nasdaq were set for their biggest one-day gain in more than a month on Monday as tech stocks advanced after Anthropic's IPO filing put artificial intelligence (AI) back in focus at the start of a week packed with corporate earnings and the Federal Reserve's interest-rate decision.

Wall St rises as Anthropic's IPO filing sharpens focus on AI trade

Malaysia will seek clarification from Myanmar over reports that hundreds of migrants recently returned to the country are being held in military detention, Foreign Minister Datuk Seri Mohamad Hasan said on Monday.

Malaysia to seek clarification over reports of detained Myanmar returnees

The government will decide on the direction, technology and development of a national nuclear power plant only after four key studies are completed within the next 12 months, with small modular reactors (SMRs) among the options being considered.

Govt to decide on nuclear power plant after four key studies, says minister

Wall Street strategists are warning that declines in shares of artificial intelligence (AI) cloud-computing providers will spill into other corners of the tech trade, potentially dragging the US stock market down to its June lows.

CoreWeave rout sends warning sign to rest of stock market

Vietnam is unlikely to meet a 2027 target for its first semiconductor plant to embark on a trial production run, with people saying that a deal to buy chipmaking equipment from ASML has yet to be reached.

Vietnam's first chip plant unlikely in 2027 as sources say no deal yet with ASML

West River Bhd (KL:WESTRVR)&nbsp;through its wholly owned subsidiary West River Engineering Sdn Bhd (WRE) has secured two mechanical and electrical (M&amp;E) subcontracts worth a combined RM17.85 million in Selangor and Kuala Lumpur.

West River bags RM18 mil in M&E jobs for Puchong, Bukit Jalil residential projects

Accelerating the Asean Power Grid requires strong government-to-government cooperation to manage each country’s priorities, said Tenaga Nasional Bhd (KL:TENAGA) president and chief executive officer Datuk Shamsul Ahmad.

G2G cooperation crucial to push Asean power grid, says Tenaga chief

Apple Inc on Monday unveiled a revamped iPad mini with an OLED display, water-resistant design and faster chip, kicking off a week of product launches.

Apple debuts US$699 water-resistant iPad mini with OLED screen

Asian stocks were set to rise, tracking gains on Wall Street as Anthropic PBC’s initial public offering filing revived enthusiasm for artificial intelligence ahead of big tech earnings and the Federal Reserve’s rate decision.

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