<div class=newsTextDataWrapInner><p>(Aug 9): Samsung Electronics Co&nbsp;is recalling more than 1.1 million electric stoves sold in the US since 2013, following reports of 250 fires that damaged property, killed pets and injured about 40 people.</p></div>

<div class=newsTextDataWrapInner><p>South Korea’s largest company is offering free locks and covers to buyers of more than a dozen stove models, which help ensure their front-mounted range knobs stay in the “off” position, according to a notice&nbsp;posted&nbsp;on the US Consumer Product Safety Commission’s website. Samsung sold the stoves through retailers from Best Buy to Costco nationwide for between US$1,250 (RM5,524) and US$3,050, the notice read.</p></div>

<div class=newsTextDataWrapInner><p>Samsung confirmed the remedies and sales details in a&nbsp;statement&nbsp;that didn’t mention fires or injuries. The issue with front-mounted knobs is industry-wide, and Samsung is working with the commission and other major brands to address safety standards, a company spokesperson said. The South Korean company plans only to offer the bolt-on fixes, not refunds or exchanges, according to the spokesperson.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Consumer brands the world over are familiar with product&nbsp;recalls. Samsung itself undertook one of the largest recalls ever in the technology industry in 2016, when it pulled the plug on a line of fire-prone Galaxy Note phones.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Samsung Electronics Co is recalling more than 1.1 million electric stoves sold in the US since 2013, following reports of 250 fires that damaged property, killed pets and injured about 40 people.

Samsung recalls over a million electric stoves following fire reports in US

A late season tropical storm predicted to intensify into a category 2 hurricane in the U.S. Gulf of Mexico this week could reduce U.S. oil production by about 4 million barrels, researchers said.

Late season storm could disrupt 4 mln barrels of US oil output, researchers say

A security fence rings a Las Vegas building where Nevada tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby. Governors of at least three states have called for National Guard troops to help maintain the peace.

As a tense America votes for either Republican Donald Trump or Democratic Vice President Kamala Harris for president, concerns about potential political violence have prompted officials to take a variety of measures to bolster security during and after Election Day.

US states worried about election unrest take security precautions

North Korea fired an unidentified ballistic missile toward the sea east of the Korean Peninsula, South Korea's Joint Chiefs of Staff said on Tuesday.

North Korea fires ballistic missile, South Korea military says

Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.

Big Oil chiefs see Middle East conflict, China as top concerns

Asian equities were set for a mixed day amid increasing risk-off sentiment, as the clock ticked down to a tight US presidential election and the Federal Reserve rate decision.

Asian stocks cautious as US election on knife’s edge

Stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve rate decision.

In the run-up to Tuesday’s vote, equity traders decided to stay on the sidelines as a flurry of polls showed Americans remain narrowly split between Donald Trump and Kamala Harris. The likelihood of a disputed result could eventually drag the vote count out for weeks or even months. For many, that means one thing — a potential increase in volatility. Treasuries rose across the curve and the dollar dropped the most in over a month.

Wall Street shuns risk before coin-toss election

Prime Minister Datuk Seri Anwar Ibrahim is set to invite China’s President Xi Jinping to attend the Asean Summit and the Asean-GCC Summit next year.

This invitation corresponds with Malaysia’s role as the Asean chair for 2025.

Anwar to extend invitation to Xi Jinping for 2025 Asean Summit

New orders for US-manufactured goods fell for a second straight month in September, and business spending on equipment appears to have pulled back in the third quarter.

US factory orders fall a second straight month in September

US stock indexes were trading flat to lower on Monday, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.

Wall Street struggles for direction as uncertainty around US election grows

Chile’s economic activity posted its biggest monthly plunge since July 2022 in September, prompting the government to scrap its growth forecast for this year and stoking bets on more interest rate cuts.

Chile economic activity plunges most since 2022 in ‘appalling’ report

<p>Datasonic Group Bhd (KL:DSONIC) is buying a 51% stake in Innov8tif Holdings Sdn Bhd from Revenue Group Bhd (KL:REVENUE)&nbsp;for RM40 million cash. &nbsp;</p>

<p>Innov8tif, a two-year-old company, specialises in ID verification technology to support e-know-your-customer (e-KYC) and e-know-your-business (e-KYB) and anti-fraud processes, customer onboarding process automation and mobile biometric authentication, said Datasonic in the filing to Bursa Malaysia.</p>


Datasonic buys 51% stake in Innov8tif Holdings from Revenue Group for RM40 mil cash

<p>The Malaysian man who was reportedly a mercenary fighting in Ukraine against Russia has been identified as Lee Bing Hang and is believed to be still alive and well.</p>

<p>Inspector-General of Police Tan Sri Razarudin Husain said preliminary investigations found Lee, 20, was wounded in the ankle by shrapnel from a Russian drone and has completed his treatment.</p>


Lee Bing Hang, Malaysian mercenary in Ukraine is still alive — IGP

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


SD Guthrie, AME Elite, Techna-X, Star Media, JAKS Resources, Datasonic, Revenue Group, Dayang, Carimin, MN Holdings, Tuju Setia, Bina Puri, Elridge, MCE Holdings, Bintai Kinden

<p>The Malaysian Anti-Corruption Commission (MACC) raided the office of a local fashion business, along with three other business premises on Monday, in a probe into significant investment losses incurred by Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB).</p>


MACC raids four business premises in FashionValet probe 

<p>Newly-listed Elridge Energy Holdings Bhd (KL:ELRIDGE) said it has entered into a deal to supply biomass feedstock to a Japanese trading company for 15 years.</p>


Elridge Energy signs deal to supply biomass feedstock to Japanese company for 15 years

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EVENING 5: Five things you need to know today

<p>Carimin Petroleum Bhd (KL:CARIMIN) said it has secured a five-year contract from Shell for the provision of pan-Malaysia maintenance, construction, modification (MCM), and hook-up and commissioning (HUC) services.</p>


Carimin Petroleum gets five-year services contract from Shell

<p>Khee San Bhd (KL:KHEESAN) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd, Kenanga Investment Bank Bhd (KL:KENANGA) and Malacca Securities Sdn Bhd for the candy maker’s rights issue with warrants to raise up to RM96.1 million.</p>


M&A Securities, Kenanga IB, Malacca Securities jointly underwrite Khee San’s rights issue

<p>Destini Bhd (KL:DESTINI) reported a net profit of RM5.33 million for the first quarter ended Sept 30, 2024, (1QFY2025) compared to a net loss of RM6.8 million a year ago, driven by higher sales delivery and improved operational efficiency.</p>


Destini turns profitable for 1QFY2025, plans 10% private placement

<p>MCE Holdings Bhd (KL:MCEHLDG), a manufacturer of automotive electronic and mechatronic parts, is partnering with Nanjing Chuhang Technology Co Ltd to exclusively develop, manufacture and market a sensing radar technology for autonomous driving application for global markets, excluding China.</p>


MCE explores development of autonomous driving solutions with Chinese company

<p>Prime Minister Datuk Seri Anwar Ibrahim has arrived in Shanghai, marking his first stop before Beijing, as part of a working visit from Nov 4-7.</p>


Anwar arrives in Shanghai, first stop of working visit to China

<p>US stock indexes were trading flat to lower on Monday, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim is set to invite China’s President Xi Jinping to attend the Asean Summit and the Asean-GCC Summit next year.</p>

<p>This invitation corresponds with Malaysia’s role as the Asean chair for 2025.</p>


<p>The Association of Banks in Malaysia (ABM) announced on Monday that GX Bank Bhd and Boost Bank Bhd have joined as its newest members.</p>

<p>In a statement, ABM executive director Dr Amina Kayani said the inclusion of GX Bank and Boost Bank signals a shift towards a banking ecosystem where both traditional and digital banking entities are united in their purpose.</p>


ABM welcomes digital banks GX and Boost as new members

<p>The Organization of Petroleum Exporting Countries (Opec) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu Dhabi on Monday.</p>


Opec positive on global oil demand, sees no peak on horizon

<p>New orders for US-manufactured goods fell for a second straight month in September, and business spending on equipment appears to have pulled back in the third quarter.</p>


<p>Chile’s economic activity posted its biggest monthly plunge since July 2022 in September, prompting the government to scrap its growth forecast for this year and stoking bets on more interest rate cuts.</p>


<p>Quincy Jones, the man known simply as "Q," was a huge influence on American music in his work with artists ranging from Count Basie to Frank Sinatra and reshaped pop music in his collaborations with Michael Jackson.</p>


US music legend Quincy Jones dies at 91

<p>China has lodged a complaint with the World Trade Organization (WTO) over the European Union’s (EU) final tariffs on Chinese electric vehicle (EV) imports, escalating a dispute that’s straining an already fraught relationship.</p>


China appeals to WTO over EV tariffs imposed by European Union

<p>EU antitrust regulators will assess whether Apple's operating system for iPads comply with the bloc's landmark rules aimed at reining in the power of Big Tech, the European Commission said on Monday.</p>
