<div class=newsTextDataWrapInner>BEIJING (April 1): Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, its app showed on Monday, in a sign that the Chinese electronics maker is enjoying strong demand for its vehicle.</div>

<div class=newsTextDataWrapInner>Xiaomi began allowing consumers to place orders for its SU7 electric vehicle sedan last Thursday, after it announced the prices of the car which started at US$29,870 (RM141,091). Last Friday night, it said pre-orders hit 88,898 in the first 24 hours.</div>

<div class=newsTextDataWrapInner>Checks by Reuters on Xiaomi's car app on Monday found that the firm is advising that delivery time for the company's standard SU7 model could take 18 to 21 weeks, the SU7 Pro model 18 to 21 weeks, while the most expensive model, priced at 299,900 yuan (RM195,985), will take 27 to 30 weeks.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, its app showed on Monday, in a sign that the Chinese electronics maker is enjoying strong demand for its vehicle.

Xiaomi's EV buyers face up to seven-month wait for car, app shows

Norway’s US$1.7 trillion (RM7.96 trillion) sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd from its portfolio, citing 'unacceptable' risks that the company is tied to human rights violations in war and conflict zones.

Norway's wealth fund blacklists Adani Ports citing ties to war

Chinese President Xi Jinping pledged to work with counterpart Vladimir Putin to "rejuvenate" their countries as the pair started a day of talks in Beijing, saying China would "always be a good partner" of Russia, according to Chinese state media.

Xi lauds China-Russia ties as Putin lands in Beijing

Volkswagen AG’s all-in on electric vehicles (EVs) plan is no more.

The namesake VW brand, which pitched its ID family of electric cars as central to its future, admitted last week it will need more plug-in hybrids as EV sales decelerate.

Volkswagen backtracking on EV-or-bust strategy that rankled rivals

There are no plans to make the installation of dashcams, or dashboard cameras, mandatory in all vehicles in the country, said Transport Minister Anthony Loke.

Loke: No plans to make installation of dashboard cameras mandatory

theedgemalaysia.com highlighted three stocks with positive momentum and 12 stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday.

Straits Energy, Revenue, AEON Co, Notion VTec, L&P Global, MBSB, Hume Cement, VSTECS, ELK-Desa, Icon Offshore, Dancomech, WMG, SCGM, Jiankun International, Mitrajaya

(May 16): UBS Group AG is adjusting the leadership of its asset management division, the latest changes at the Swiss bank as it progresses with the integration of Credit Suisse.

UBS revamps leadership of asset management unit

The US Bureau of Labor Statistics (BLS) inadvertently published consumer price index (CPI) data 30 minutes early on Wednesday, raising fresh questions about how the agency releases some of the world’s most sensitive economic information.

US inflation data was accidentally released 30 minutes early

Microsoft is asking some of its China-based employees to consider transferring outside the country, the company said on Thursday, as relations between US and China grow increasingly strained over technologies like artificial intelligence (AI) and semiconductors.

Microsoft asks some China staff to relocate amid Sino-US tensions

Developing countries have long been told that trade liberalisation would accelerate growth and structural transformation. While opening access to new markets if they have the necessary productive capacities, it can also destroy their modest production capacities, industry and food security, as happened in Sub-Saharan Africa (SSA).

MySay: Trade liberalisation cuts both ways

An explosion involving a chemical truck at Taiwan Semiconductor Manufacturing Co’s (TSMC) construction site in Arizona killed the driver, according to a statement from a local construction union.

TSMC Arizona construction site blast kills truck driver

Rakuten Trade said trading in rubber glove stocks took the limelight on Wednesday, buoyed by the US tariff imposition on Chinese goods which will only take effect in two years.

Analysts say glove stocks rally a knee-jerk euphoria, advise investors to stay vigilant

KUALA LUMPUR (May 16): Shares of Malaysian glove manufacturers fell on Thursday, as analysts advised investors to remain vigilant over emerging concerns on US tariffs on Chinese goods, which will not take effect for another two years.

Glove counters surrender gains as analysts advise investors to stay vigilant

Shares of AEON Co (M) Bhd (KL:AEON) surged to their highest in 20 months as investors cheered the department store operator’s first-quarter results while analysts raised their forecasts to catch up with the stronger-than-expected earnings.

AEON shares jump to 20-month high after 50% surge in 1Q net profit

Shares in Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, did not fare well on Thursday, folllowing news of a privatisation offer at RM11 per share led by a consortium of its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF).&nbsp;

MAHB shares fall as investors cautious about privatisation deal

KUALA LUMPUR (May 16): The Malaysian Aviation Commission (Mavcom) has revoked the Air Service Licence (ASL) of scheduled air cargo operator My Jet Xpress Airlines Sdn Bhd.

Mavcom revokes Air Service Licence of My Jet Xpress Airlines

KUALA LUMPUR (May 16): IJM Land Bhd, the property arm of construction giant IJM Corporation Bhd (IJM Corp)(KL:IJM), said on Thursday that it has secured eight central London sites for development with its partner Network Rail Property.

IJM, partner secure eight central London sites for development

KUALA LUMPUR (May 16): Shares of Mitrajaya Holdings Bhd (KL:MITRA) rose to their highest in more than eight months, after the builder and property developer announced that it has secured a contract worth RM174.3 million.

Mitrajaya surges to over eight-month high amid active trade after RM174m contract win

Meta Platforms has restored Facebook posts by Malaysian media covering Prime Minister Datuk Seri Anwar Ibrahim's meeting this week with a Hamas leader, saying they were removed in error.

Meta restores Facebook posts by Malaysian media on Anwar's meeting with Hamas

National oil firm Petroliam Nasional Bhd’s (Petronas) subsidiary Suriname E&amp;P BV&nbsp;(Petronas Suriname E&amp;P) has made a third hydrocarbon discovery in Suriname’s Block 52 at the Fusaea-1 exploration well, located about 170km offshore and 9km east from Roystonea-1.

Petronas makes oil and gas discovery at Suriname's offshore Block 52

Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve (Fed) will deliver at least two rate cuts this year.

Asia rides Wall Street rally, dollar sags on US inflation relief

Shares in Apex Healthcare Bhd (KL: AHEALTH) fell again on Thursday, and may be on track for their worst day in nearly a year, after the pharmaceutical company posted weaker-than-expected first-quarter results.

Apex Healthcare shares extend decline after 1Q results

The government should encourage more graduates to work abroad for better salaries to service their student debt, as Malaysia is experiencing wage stagnation and an erosion of living standards, according to the Khazanah Research Institute (KRI).

Encourage graduates to work abroad for better salaries to service student debt, Khazanah Research tells Putrajaya

Ekuiti Nasional Bhd (Ekuinas) is investing RM37 million in local Bumiputera company Mizou Holdings Sdn Bhd, which is mainly involved research and development, sales, distribution and support services of specialised agricultural machinery designed for the upstream palm oil sector.

Ekuinas invests RM37m in industrial machinery developer Mizou

Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&amp;P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve (Fed).

Wall Street boasts record closes as inflation data fuels rate-cut bets

(May 16):&nbsp;Singapore Airlines Ltd&nbsp;will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.

Singapore Air staff get eight months' salary bonus after record profits

(May 16): Norway's central bank said on Wednesday that its executive board has decided to exclude three companies from its government pension fund over ethical concerns.

Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Por...

Norway sovereign wealth fund excludes three companies over ethical concerns

RHB Retail Research said UMediC Group Bhd (KL:UMC) is eyeing to resume its uptrend following a recent pullback as it bounced off the 21-day simple moving average (SMA) line on Wednesday, heading towards the 72 sen immediate resistance.

UMediC eyeing to resume its uptrend, says RHB Retail Research 

Gold and jewellery brand Tomei Consolidated Bhd (KL:TOMEI) anticipates that the newly introduced Employees Provident Fund's (EPF) Account 3 will enhance consumers' spending power, potentially boosting its retail sales.

Tomei anticipates retail boost from new EPF Account 3

The US Commerce Department on Wednesday opened an investigation into allegations that solar cells and panels imported from four Southeast Asian countries are being unfairly subsidised and priced below their production costs.

Asian solar imports are subject of new US Commerce probe

RHB Retail Research said ECA Integrated Solution Bhd (KL:ECA) is eyeing a technical rebound after attempting to close above the 42 sen consolidation phase on Wednesday.