Jewellery and cash worth hundreds of millions of ringgit were found in overfilled luggage bags stored in a luxury condominium in Kuala Lumpur during a raid linked to the 1Malaysia Development Bhd (1MDB) investigation, the High Court heard. The police had found 71 luggage bags, a plastic box and more than 200 boxes during the operation at Pavilion Residences on May 17, 2018. Former Commercial Cri...
Jewellery and cash worth hundreds of millions of ringgit were found in overfilled luggage bags stored in a luxury condominium in Kuala Lumpur during a raid linked to the 1Malaysia Development Bhd (1MDB) investigation, the High Court heard. The police had found 71 luggage bags, a plastic box and more than 200 boxes during the operation at Pavilion Residences on May 17, 2018. Former Commercial Crime Investigation Department (CCID) director Amar Singh Ishar Singh testified that the sheer amount...
Shares of Credo Technology Group (NASDAQ: CRDO) rose sharply on Tuesday after the provider of high-performance connectivity solutions for artificial intelligence (AI) data centers made a game-changing acquisition. Image source: Getty Images. Credo struck a deal to acquire DustPhotonics, a leading developer of microchips that use optical components to transmit data via light rather than electricity...
Shares of Credo Technology Group (NASDAQ: CRDO) rose sharply on Tuesday after the provider of high-performance connectivity solutions for artificial intelligence (AI) data centers made a game-changing acquisition. Image source: Getty Images. Credo struck a deal to acquire DustPhotonics, a leading developer of microchips that use optical components to transmit data via light rather than electricity. Continue reading
Broadcom (AVGO) is back in focus after signing extended multiyear agreements with Meta, Google, and Anthropic that place its custom AI chips and networking at the core of large scale AI data center buildouts. See our latest analysis for Broadcom. The recent AI chip agreements coincide with strong momentum in Broadcom’s shares, with a 30 day share price return of 17.19% and a 1 year total sharehold...
Broadcom (AVGO) is back in focus after signing extended multiyear agreements with Meta, Google, and Anthropic that place its custom AI chips and networking at the core of large scale AI data center buildouts. See our latest analysis for Broadcom. The recent AI chip agreements coincide with strong momentum in Broadcom’s shares, with a 30 day share price return of 17.19% and a 1 year total shareholder return of 119.84%, while multi year total shareholder returns are also very large. If you are...
Hezbollah Chief Torches 'Futile' Israel Talks, Urges Lebanon Walkout As Rubio Hypes 'Historic Opportunity' The Israel-Lebanon peace talks which have kicked off at the State Dept. in Washington D.C. on Tuesday are unprecedented and historic, and yet they remain largely symbolic and will unlikely lead to much in terms of ending the conflict with Hezbollah. That's of course because Hezbollah is not a...
Hezbollah Chief Torches 'Futile' Israel Talks, Urges Lebanon Walkout As Rubio Hypes 'Historic Opportunity' The Israel-Lebanon peace talks which have kicked off at the State Dept. in Washington D.C. on Tuesday are unprecedented and historic, and yet they remain largely symbolic and will unlikely lead to much in terms of ending the conflict with Hezbollah. That's of course because Hezbollah is not actually represented, only Lebanese government officials - who hold no power or sway over what is the single most well-armed paramilitary group in the country. Hezbollah leader Naim Qassem on Monday demanded that Lebanon cancel the US-hosted meeting with Israel , reaffirming the Iran-aligned group’s rejection of direct negotiations with its sworn enemy. via AFP "We reject negotiations with the usurping Israeli entity… We call for a historic and heroic stance by canceling this negotiating meeting," Qassem stated . He blasted the talks as "futile" . Hezbollah has sent thousands of rockets into Israel, both in support of Hamas during the two-year Gaza war, and more recently as the US war on Iran kicked off. Israel has in turn obliterated parts of Beirut, southern Lebanon, and the Bekaa Valley - launching a brutal airstrike campaign, as if to punish the whole country. Earlier in the Gaza war Hezbollah leadership was decimated. As for the Lebanese government, it first wants to secure a ceasefire in the Israel-Hezbollah war via these formal talks with Lebanon itself. The US and Israel in turn are hoping to pressure all of Lebanese society into disarming and dismantling Hezbollah . For now, Prime Minister Benjamin Netanyahu has vowed to keep up the fight against Hezbollah , saying Saturday that "we want the dismantling of Hezbollah’s weapons, and we want a real peace agreement that will last for generations.' The Lebanon crisis holds the potential to impact the outcome of delicate on and off again peace talks between Tehran and Washington. Secretary of State Marco Rubio is currentl...
Passengers can book a four-hour session in the bunk beds from May for Auckland-New York flights but airline cautions against smuggling in children Economy passengers on Air New Zealand’s ultra-long-haul flight between Auckland and New York can book a spot in the airline’s bunk-bed style sleeping pods from May, which will take to skies in late 2026. In what the airline says is a world first, six fu...
Passengers can book a four-hour session in the bunk beds from May for Auckland-New York flights but airline cautions against smuggling in children Economy passengers on Air New Zealand’s ultra-long-haul flight between Auckland and New York can book a spot in the airline’s bunk-bed style sleeping pods from May, which will take to skies in late 2026. In what the airline says is a world first, six full-length, lie-flat sleeping pods, are squeezed into the aisle of the new Boeing 787-9 Dreamliner. The pods, known as “Skynest”, will include fresh bedding, a privacy curtain, ambient lighting and kit with eye-masks, skincare, earplugs and socks. Continue reading...
Apple has been named as a defendant in a wide reaching lawsuit alleging failure to prevent high frequency gambling transactions processed via Apple Pay. The case centers on claims that Apple, alongside other financial and e commerce firms, enabled hundreds of rapid gambling payments tied to an allegedly fraudulent gaming operator. Plaintiffs are seeking substantial damages and injunctive relief, r...
Apple has been named as a defendant in a wide reaching lawsuit alleging failure to prevent high frequency gambling transactions processed via Apple Pay. The case centers on claims that Apple, alongside other financial and e commerce firms, enabled hundreds of rapid gambling payments tied to an allegedly fraudulent gaming operator. Plaintiffs are seeking substantial damages and injunctive relief, raising questions about Apple Pay’s consumer protection controls and regulatory compliance. For...
Chinese aluminum exports are expected to surge in coming months as buyers look for other sources of the metal to offset disruptions in the Persian Gulf. The conflict in Iran, now in its seventh week, has choked supply from a region that accounts for about 9% of global output. China, the world’s biggest producer, is an obvious alternative. International prices are showing their biggest premium to t...
Chinese aluminum exports are expected to surge in coming months as buyers look for other sources of the metal to offset disruptions in the Persian Gulf. The conflict in Iran, now in its seventh week, has choked supply from a region that accounts for about 9% of global output. China, the world’s biggest producer, is an obvious alternative. International prices are showing their biggest premium to the Chinese market since 2022, creating an opportunity for smelters at a time when local inventories of the metal have climbed to a six-year high. Overseas orders for aluminum products used in cars and packaging should see a noticeable increase in April, said Zhu Liangmin, an analyst with Beijing Aladdiny Zhongying Business Consulting Co. Annual sales could match or exceed the record 6.7 million tons exported in 2024 due to the extra demand arising from the war, Aladdiny predicts. March exports of 485,000 tons were 13% higher than February — suggesting the war may already be having an impact — although they were lower than the year before. Over the first quarter, exports hit 1.46 million tons, which is 6.5% ahead of last year’s pace. Exports are an important channel for soaking up record levels of output at a time when the domestic economy is slowing. Chinese firms have shown their readiness to step in with alternative supplies for overseas customers. The trading unit of Aluminum Corp. of China Ltd. issued a release on May 31 touting a sale to meet the “urgent procurement needs of a key customer in Thailand” for 510 tons of alloy, including a rare shipment of 10 tons by plane. Global clients are buying more semi-finished products from China, which could lead to a spike in exports in May and June, said Zhang Meng, general manager at Shandong Aize Business Information Consulting Co. International traders are also exploring new ways of securing Chinese metal, potentially buying aluminum rod for remelting into general purpose ingots, the consultancy said in a note , although ris...