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MORNING CALL: 17/10/24

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has contracted Influenza A and has been advised to rest for five to seven days to ensure a full recovery.

Sultan of Selangor contracts Influenza A, investiture ceremony postponed

Ukraine’s drone forces struck a complex of refineries deep within Russia, even as Kyiv and other parts of the country struggled to restore electricity following overnight Russian strikes on energy infrastructure.

Ukraine strikes Bashneft refineries as Russia attacks power grid

Iran’s Supreme Leader Mojtaba Khamenei ordered his top military commanders to prepare for renewed confrontation with the US and Israel and expand Tehran’s options for retaliation.

Iran’s Khamenei orders military to expand US retaliation plans

Mega Fortris Bhd (KL:MEGAFB) said its major shareholders had obtained a court order seeking details of March share transactions involving one particular shareholder, in response to a Bursa Malaysia query over a two-day sell-off that wiped out more than RM1 billion in market value.

Mega Fortris says major shareholders obtained court order to probe March share trades in response to UMA query 

The government will not become poor or go bankrupt by helping the less fortunate, as the real threats to the country's economy are misconduct among leaders, corruption and financial leakages, Prime Minister Datuk Seri Anwar Ibrahim said.

Govt will not go bankrupt helping the poor — Anwar

As US President Donald Trump threatens renewed attacks against Iran, Tehran’s intermittent strikes on commercial vessels have left the two sides locked in a painful economic standoff.

Shipping strikes in Hormuz leave both sides with economic pain

Binance said it’s in discussions with Malaysian regulators for a licensed business in the country, as the cryptocurrency exchange seeks a route back into a market where authorities have blocked its website and applications.

Binance in talks for Malaysian licence after five-year absence

Fu Chengyu, the former chairman of China Petrochemical Corp (Sinopec), is under investigation for suspected serious violations of discipline and law, China’s top anti-graft agency said on Saturday.

China's graft agency probes ex-Sinopec chairman Fu Chengyu

A total of 47 areas across the country recorded air pollutant index (API) readings at a moderate level as of Saturday evening, while 21 areas recorded good air quality.

Haze-free Malaysia: Good air in 21 areas, moderate readings in 47

Mata Ayer assemblywoman Wan Badariah Wan Saad passed away at Hospital Tuanku Fauziah here at 4.26pm on Saturday.

Mata Ayer assemblywoman Wan Badariah passes away

Gamuda Land and Taylor’s Assets have fully sold Block B of Haus on 15, their mixed-use development on the former Taylor’s College campus in SS15, as they officially launched the project on Saturday and opened Block A for sale. Block B was soft launched in early October.

Gamuda Land, Taylor’s Assets launch Haus on 15 in Subang Jaya; Block B fully sold

Crowds began gathering at Padang Merdeka here as early as 5.30am on Saturday, eager to join celebrity Bella Astillah and Muar Member of Parliament&nbsp;Syed Saddiq Syed Abdul Rahman in celebrating their marriage at a kenduri rakyat.

Over 20,000 turn out for Bella-Syed Saddiq kenduri rakyat in Kota Kinabalu

Intel Corp suffered its worst stock rout in more than four decades after the PC industry slump and supply-chain snags hurt its forecast, renewing fears about the chipmaker’s turnaround bid.

Intel suffers worst stock drop in decades on weak forecast

Binance said it’s in discussions with Malaysian regulators for a licensed business in the country, as the cryptocurrency exchange seeks a route back into a market where authorities have blocked its website and applications.

A total of 79 candidates representing various political parties, coalitions and independents have been confirmed eligible to contest in the 16th Melaka state election on Nov 14.

Melaka polls: 79 candidates to contest 28 seats, straight fights in 11 constituencies

With the dust having settled after nominations on Saturday morning, the battle lines have been drawn, paving the way for political parties to vie for the 28 seats in the upcoming Melaka state election.

Melaka polls: Candidates, key battlegrounds and political stakes

Two-term incumbent Kerk Chee Yee of Pakatan Harapan (PH) is set for a four-cornered battle to defend his Ayer Keroh (N.16) state seat in the upcoming Melaka state election.

Melaka polls: Four-cornered battle looms in Ayer Keroh as PH incumbent defends seat

Melaka Malaysian Chinese Association (MCA) chief Datuk Lim Ban Hong is set for a four-cornered race as he seeks to defend the Kelebang <a href="https://theedgemalaysia.com/askedge/elections/state/melaka/N.14" target="_blank">(N.14)</a> state seat in the upcoming Melaka state election.

Melaka MCA chief Lim Ban Hong in four-cornered fight to retain Kelebang seat

A trio of US Federal Reserve (Fed) officials reaffirmed the need for additional interest-rate hikes while counseling a gradual approach to tightening that would minimise disruptions to financial markets and the economy.

Fed officials back more rate hikes, gradual pace of tightening

Bukit Katil incumbent and Alor Gajah MP Adly Zahari of Amanah (Pakatan Harapan) faces a tough siege from a joint offence from Perikatan Nasional’s PAS and Barisan Nasional.

Melaka polls: PH’s Adly faces PAS-BN tie-up in defence of Bukit Katil

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has contracted Influenza A and has been advised to rest for five to seven days to ensure a full recovery.

Barisan Nasional (BN) supports the signing of a confidence and supply agreement (CSA) between the government, Parti Pribumi Bersatu Malaysia, and several independent members of Parliament, and has proposed extending the agreement to other parties from both the government and opposition blocs.

BN supports confidence and supply agreement, proposes extending pact to other parties

The nomination process for the 16th Melaka state election on Saturday drew political leaders from various parties, including Wanita DAP chief Teo Nie Ching, who turned out to lend support to their respective candidates.

Melaka polls: Teo accompanies PH's Bandar Hilir candidate to nomination centre

President Donald Trump said the US is looking into whether North Korean hackers were behind a US$6.3 billion (RM25.6&nbsp;billion)&nbsp;heist targeting Binance that has rattled the cryptocurrency world.

Trump says US looking at whether Binance hack was by North Korea

OpenAI has cut its fundraising target by US$10 billion (RM40.6&nbsp;billion) as an AI stock sell-off and rival Anthropic PBC’s impending public listing complicate its efforts to secure investor commitments, the Financial Times&nbsp;(FT) reported.

OpenAI funding target cut by US$10 bil as AI slumps — report

Amazon.com Inc&nbsp;has set up supplier financing arrangements to borrow as much as US$80 billion (RM325&nbsp;billion) against the value of hardware it buys, the company’s latest move to preserve financial flexibility as it spends hundreds of billions on artificial intelligence (AI) infrastructure.

Amazon taps US$80 bil supplier loan facility to help fund AI

From the early 1980s until the COVID-19 pandemic hit in 2020, the world economy enjoyed unusually good conditions. The Cold War ended, defense budgets shrank, and hundreds of millions of workers joined the global market. Energy and metals were mostly cheap, and supply chains stretched across bord...

The New Global Economy: The End of Abundance

Fu Chengyu, the former chairman of China Petrochemical Corp (Sinopec), is under investigation for suspected serious violations of discipline and law, China’s top anti-graft agency said on Saturday.

What was already destined to be a bad year for Middle East airlines got even worse in October when missiles pummelled the Saudi capital’s airport, killing more than a dozen people and prompting authorities to suspend the hub’s operations.

Houthi attacks on Riyadh airport ramp up flight cancellations

Mata Ayer assemblywoman&nbsp;Wan Badariah Wan Saad&nbsp;passed away&nbsp;at Hospital Tuanku Fauziah here at 4.26pm on Saturday.