NEW YORK: All three major U.S. equity indexes closed higher, with the Nasdaq ending its seventh consecutive day in the black.Stocks have recovered broadly from their year-end selloff, with the Nasdaq up almost 21 percent from its Dec. 24 low and the S&P 500 more than 18 percent. More stocks are making 52-week highs than at any time since Wall Street was taking those indexes to records in August and September.
February 19, 2019 22:07 UTC
KIEL (Germany): Singapore’s acquisition of four new Type 218SG submarines, which offer more firepower and combat options, is a timely move as maritime security challenges evolve and countries beef up their submarine fleets, said Defence Minister Dr Ng Eng Hen. Speaking on Monday at the launch of the first Type 218SG submarine named Invincible, Dr Ng said Singapore faces threats in the maritime domain, including terrorism, the shipping of illegal arms, weapons of mass destruction and people, as well as piracy.
February 19, 2019 20:15 UTC
BERLIN: The German government is leaning toward letting Huawei Technologies Co. participate in building the nation’s high-speed internet infrastructure, several German officials said, the latest sign of ambivalence among U.S. allies over Washington’s push to ostracize the Chinese tech giant as a national security risk.A small group of ministries reached a preliminary agreement two weeks ago that still needs formal approval by the full cabinet and parliament, officials said. The final action isn’t expected for several weeks.The Trump administration has been urging its allies for months to restrict Huawei’s participation in their next-generation mobile infrastructure—and even pull the company’s equipment from existing networks. But unwillingness in those countries to delay the rollout of so-called 5G services, the potential additional costs of picking new vendors and a lack of evidence showing that Huawei can use its equipment to eavesdrop on or disrupt communications have stymied U.S. efforts.In the U.K., Washington’s closest ally in Europe, a review currently under way is expected to conclude that Huawei products should still be allowed for less vulnerable parts of the country’s network, according to British officials. And across Eastern Europe, where the U.S. has traditionally held considerable sway, governments have been hesitant to drastically restrict Huawei’s access, partly out of concern about antagonizing China, a big investor in the region.Independent of the Huawei concerns, the German government has been drafting changes to the country’s telecommunications laws in part to improve security protections. While Berlin considered shaping the rules in a way that would make it hard for Huawei to bid for infrastructure contracts, officials said the stricter security requirements for equipment vendors, including a no-spy pledge, shouldn’t be deliberately set so high as to rule out the Chinese company.
February 19, 2019 18:56 UTC
DAR ES SALAAM (Reuters) - A prominent Chinese businesswoman dubbed the "Ivory Queen" was sentenced to 15 years in prison by a Tanzanian court on Tuesday for smuggling the tusks of more than 350 elephants, weighing nearly 2 tonnes, to Asia. Yang Feng Glan had been charged in October 2015 along with two Tanzanian men with smuggling 860 pieces of ivory between 2000 and 2004 worth 13 billion shillings (£4.33 million). All three denied the charges.
February 19, 2019 17:26 UTC
(Reuters) - Portuguese league leaders Porto have been fined 50,000 Swiss francs (£38,510) and warned by FIFA for breaches related to third-party player ownership, global soccer's governing body said on Tuesday. FIFA, which prohibits clubs from entering into contracts that enable third parties to have an influence on the club's independence and policies in transfer-related matters, gave no detail of the offences.
February 19, 2019 15:56 UTC
KUALA LUMPUR (Bernama): Malaysians have another opportunity to catch a glimpse of the "supermoon", a phenomenon where the full moon will appear the largest and its distance is closer to earth, starting at 11.53pm on Tuesday (Feb 19). National Space Agency (Angkasa) head of Space Science Research Unit, Zahira Mohd Radzi, said the phenomenon occurs when the Moon's position is the closest to the Earth (in its perigee) with a distance of 356,761km.
February 19, 2019 14:15 UTC
JOHOR BARU: Johor Darul Ta'zim (JDT), Malaysia's only representative in the 2019 AFC Asian Champions League, have landed in the tournament's "group of death". The Southern Tigers, making their debut in the championship, are in Group E, together with defending champions Kashima Antlers from Japan, South Korea's Gyeongnam FC and China's Shandong Luneng.
February 19, 2019 14:15 UTC
KUALA LUMPUR (Bloomberg): Malaysia is making progress in talks with China to revive a high-speed rail project that Prime Minister Tun Dr Mahathir Mohamad's government said it would cancel, according to Foreign Minister Datuk Saifuddin Abdullah. China is willing to reduce the US$20bil (RM81.72bil) price tag for the East Coast Rail Link project and talks are "in the last mile," Saifuddin said in an interview Tuesday (Feb 19) at his office near Kuala Lumpur. Discussions have been led by Tun Daim Zainuddin, an adviser to Dr Mahathir, with the aim of reaching a smaller project size and cost, he said.
February 19, 2019 13:41 UTC
PETALING JAYA: The Defence Ministry lost more than RM500mil from several land swap deals worth RM4.75bil, says Mohamad Sabu (pic). The Defence Minister said they had received the report from the Governance, Procurement and Finance Investigating Committee led by former Auditor-General Tan Sri Ambrin Buang on the land swap deals, which was discussed in last Wednesday's (Feb 13) Cabinet meeting.
February 19, 2019 13:30 UTC
BRUSSELS: Twitter on Feb 19 rolled out tools in Europe which will make it easier for voters to identify political campaign ads tied to crucial European Parliament elections in May amidst fears of Russian disinformation campaigns and threats of regulatory action. Social networks such as Twitter and Facebook have come under pressure to do more to combat fake news and the spread of extremism and propaganda online. The European Union is concerned about Russia's role. Russia has repeatedly denied any such actions.
February 19, 2019 11:03 UTC
PUTRAJAYA: The extradition of former Goldman Sachs banker Roger Ng (pic) to the United States may be postponed as he has to first face charges in Malaysia, says Tan Sri Muhyiddin Yassin. "I have been advised by the Attorney General for Ng to face charges in Malaysian courts first. So perhaps the extradition will be done slightly later," said the Home Minsiter in response to queries on the matter on Tuesday (Feb 19).
February 19, 2019 10:07 UTC
SHANGHAI: JD.com Inc, one of China's largest e-commerce sites, will lay off 10% of its senior executives this year, Chinese online media outlet Sina Tech reported on Feb 19, citing unnamed sources. The cuts were announced at the company's annual party last week, the report said, adding that JD.com, which has nearly 100 senior executives, had confirmed the planned layoffs.
February 19, 2019 09:56 UTC
BEIJING: The Chinese database Victor Gevers found online was not just a collection of old personal details. It was a compilation of real-time data on more than 2.5 million people in western China, updated constantly with GPS coordinates of their precise whereabouts. Alongside their names, birthdates and places of employment, there were notes on the places that they had most recently visited – mosque, hotel, restaurant.
February 19, 2019 09:00 UTC
PETALING JAYA: Youth and Sports Minister Syed Saddiq Abdul Rahman says he will bring up the allegations of judicial misconduct that has been a hot topic in the Cabinet meeting on Wednesday (Feb 20). "I have read (about) the case. I think it is not just me. There will be several others who will bring up this matter in the Cabinet meeting," he was quoted as saying by Malaysiakini.
February 19, 2019 08:37 UTC
BERLIN: Travellers in Berlin will soon be able to use a single app to switch seamlessly between public transport, rental bikes, car-sharing and taxis without signing up for each service individually, officials said Feb 18. Lithuanian startup Trafi said Berlin will be the first major European capital to get a transport app that handles billing for all services centrally and requires only a single login. Similar services are already available in Vilnius, Rio de Janeiro and Jakarta.
February 19, 2019 07:52 UTC