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<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: Axteria scraps plans for RM413 mil GDV JB project</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
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<div class=newsTextDataWrapInner><p>Here’s a quick look at some of the stories that made headlines today.</p></div>

<div class=newsTextDataWrapInner><p>Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p>1. Property developer Axteria Group Bhd, formerly Acoustech Bhd, has <a href="https://theedgemalaysia.com/node/720216" target="_blank">scrapped </a>plans to jointly undertake a mixed development project in Johor Bahru with a gross development value of RM413.2 million.</p></div>

<div class=newsTextDataWrapInner><p>2. British American Tobacco (Malaysia) Bhd reported that its second quarter net profit dropped 23.66% amid the group's increased <a href="https://theedgemalaysia.com/node/720218" target="_blank">investment </a>into growing its vaping brand, Vuse, in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>3. Petroliam Nasional Bhd, which is seeking to <a href="https://theedgemalaysia.com/node/720190" target="_blank">establish </a>a carbon capture and storage hub in Pahang, has inked a land rental agreement with Kuantan Port Consortium Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>4. AirAsia X Bhd carried 880,265 passengers in the second quarter of 2024, a 42% year-on-year <a href="https://theedgemalaysia.com/node/720220" target="_blank">surge</a>.</p></div>

<div class=newsTextDataWrapInner><p>5. AME Elite Consortium Bhd plans to <a href="https://theedgemalaysia.com/node/720161" target="_blank">launch </a>the 176-acre Northern TechValley industrial park in Penang, with a gross development value of RM1 billion, in the second half of 2024.</p></div>

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EVENING 5: Five things you need to know today

Elon Musk's AI 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, the Wall Street Journal reported on Saturday.

Musk's xAI in talks for share in future Tesla revenue, WSJ reports

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.

Kentucky shooter at large after wounding at least seven along highway

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

Türkiye's Erdogan calls for Islamic alliance against Israel

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.

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

<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>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>


<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>


<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>


<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>


<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>


<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>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>


<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>


<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>


<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>


<p>Elon Musk's AI 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, the <i>Wall Street Journal</i> reported on Saturday.</p>
