<div class=newsTextDataWrapInner><p>LONDON (July 24): US Fortune 500 companies, excluding Microsoft, will face US$5.4 billion (RM25.2 billion) in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>CrowdStrike's faulty update to its security software crashed computers powered by Microsoft's Windows operating system, disrupting internet services across the globe and affecting a broad swathe of industries including airlines, banking and healthcare.</p></div>

<div class=newsTextDataWrapInner><p>Insured losses from the outage will likely total US$540 million to US$1.08 billion for the Fortune 500 companies, Parametrix said in a statement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Major cyber insurer Beazley said this week it had no plans to change its guidance on its combined ratio — a key measure of underwriting profitability — after the mass IT outage.</p></div>

<div class=newsTextDataWrapInner><p>The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage, ratings agency Fitch said on Monday.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/720175" target="_blank">CrowdStrike blames defect in content update for global IT crash</a></em></p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


US Fortune 500 companies, excluding Microsoft, will face US$5.4 billion (RM25.2 billion) in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

Fortune 500 firms to see US$5.4b in CrowdStrike losses, says insurer Parametrix

The police have initiated an investigation against Seputeh MP Teresa Kok following her alleged statement over halal certification.

Cops probing Teresa Kok over comments on halal certification, says IGP 

Prime Minister Datuk Seri Anwar Ibrahim said the government will prioritise strategies to stabilise inflation and address the rising cost of living in Budget 2025.

Anwar: Budget 2025 to address inflation, cost of living issues

Typhoon Yagi, Asia's most powerful storm this year, was downgraded to a tropical depression on Sunday, after wreaking havoc in northern Vietnam, China's Hainan and the Philippines, claiming dozens of lives, according to preliminary reports.

Typhoon Yagi weakens after killing dozens in Vietnam, China, Philippines

The Railway Assets Corporation (RAC) has shortlisted two bidders for the Ipoh Railway Station Integrated Development Plan (iRide), announced Transport Minister Anthony Loke Siew Fook.

Two consortiums vying for iRide project, says Loke 

China will fully open its manufacturing sector to foreign investments and is also allowing more room for overseas capital in its health sector, adding to efforts to revive the world’s second-largest economy.

China opens manufacturing, healthcare to foreign investment

Prime Minister Datuk Seri Anwar said that toll rates could be reduced if highway development costs are managed effectively and are free from leakage or corruption.

Lower toll rates possible if highway development costs properly managed, says PM

The Malaysian Communications and Multimedia Commission (MCMC) has been asked not to proceed with its directive requiring all internet service providers (ISPs) in Malaysia to implement Domain Name System (DNS) redirection.

In about-face, Fahmi tells MCMC to halt DNS redirection

Elon Musk denied a report that his artificial intelligence startup xAI has held talks for a share in future Tesla revenue in return for giving Musk's electric vehicle maker access to xAI's technology and resources.

Musk denies report his xAI in talks over Tesla revenue

Prime Minister Datuk Seri Anwar Ibrahim advised those with suggestions or concerns regarding halal certification to raise these issues in a meeting for thorough discussion and review.

Raise concerns through right channels, Anwar says of halal certification ‘controversy’ 

AirAsia is ramping up its flight operations to meet growing passenger demand and with its continuing fleet expansion by year-end, this will help meet demand for air connectivity.

Flight disruptions inevitable, but AirAsia striving to better meet flyers’ needs, plug route gaps — deputy CEO 

<p>All work at the construction site for the Sungai Rasau Water Supply Scheme (Stage 1) project, located at Taman Mas, Puchong, Selangor has been halted to evaluate the situation and implement additional safety protocols.</p>


Gamuda halts work on Rasau water treatment plant project after embankment collapses

<p>Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.&nbsp;</p>


Trump pledges ‘100% tariff’ for countries that shun dollar

<p>Hong Bee Land Sdn has come a long way from its humble beginnings in 1933, when it was known as Hong Bee Textiles. Today, the once low-profile property developer has established itself as one of the leading players in Selangor and Johor.</p>


Hong Bee Land gearing up for more launches

<p>AirAsia is ramping up its flight operations to meet growing passenger demand and with its continuing fleet expansion by year-end, this will help meet demand for air connectivity.</p>


<p>The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.</p>


Singapore’s oil party spoiled by falling prices and China gloom

<p>The European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronised easing.</p>


ECB poised to cut rates again in warm-up act for US Fed

<p>US Treasury Secretary Janet Yellen said on Saturday that she is "probably done" serving at the highest levels of government after President Joe Biden's term ends in January, but will likely meet again soon with her Chinese counterpart.</p>


Yellen 'probably done' when Biden ends term, may meet Chinese counterpart soon

<p>The Malaysian Communications and Multimedia Commission (MCMC) has been asked not to proceed with its directive requiring all internet service providers (ISPs) in Malaysia to implement Domain Name System (DNS) redirection.</p>


<p>Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what he called "the growing threat of expansionism" from Israel, drawing a rebuke from the Israeli foreign minister.</p>


Türkiye's Erdogan calls for Islamic alliance against Israel

<p>Prime Minister Datuk Seri Anwar said that toll rates could be reduced if highway development costs are managed effectively and are free from leakage or corruption.</p>


<p>The Railway Assets Corporation (RAC) has shortlisted two bidders for the Ipoh Railway Station Integrated Development Plan (iRide), announced Transport Minister Anthony Loke Siew Fook.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim advised those with suggestions or concerns regarding halal certification to raise these issues in a meeting for thorough discussion and review.</p>


<p>SpaceX will launch its first uncrewed Starships to Mars in two years when the next Earth-Mars transfer window opens, chief executive officer Elon Musk said in a post on social media platform X on Saturday.</p>


Musk says SpaceX to launch first uncrewed Starships to Mars in two years

<p>Kentucky police were searching rugged terrain near a national forest for a suspect after at least seven people were wounded by gunfire while driving down the rural stretch of an interstate highway, officials said on Saturday evening.</p>


Kentucky shooter at large after wounding at least seven along highway

<p>British tech tycoon Mike Lynch died of suffocation after running out of oxygen, an investigative source said, citing initial examinations carried out on Saturday after his body was recovered from the family yacht that sank off Sicily's coast last month.</p>


Autopsy suggests tycoon Mike Lynch likely died of suffocation in yacht — Reuters

<p>China will fully open its manufacturing sector to foreign investments and is also allowing more room for overseas capital in its health sector, adding to efforts to revive the world’s second-largest economy.</p>


<p>Those who have read <i>When Breath Becomes Air</i>, the beautiful and evocative autobiography by the late neurosurgeon Paul Kalanithi that documents his battle against stage IV metastatic lung cancer, can rest assured they won’t be ugly-crying while reaching for the Kleenex in the book <i>Beyond The White Coat</i>.</p>


Of passion + compassion

<p>Elon Musk denied a report that his artificial intelligence startup xAI has held talks for a share in future Tesla revenue in return for giving Musk's electric vehicle maker access to xAI's technology and resources.</p>


<p>The police have initiated an investigation against Seputeh MP Teresa Kok following her alleged statement over halal certification.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim said the government will prioritise strategies to stabilise inflation and address the rising cost of living in Budget 2025.</p>
