The third wife of former Malaysian army chief Muhammad Hafizuddeain Jantan has been mocked on social media after arriving at court in a wheelchair to face money laundering charges linked to a military procurement scandal Salwani Anuar, 27, was first seen in a wheelchair on Thursday at a special corruption high court in Kuala Lumpur, where she and her 58-year-old husband were each charged with four...
The third wife of former Malaysian army chief Muhammad Hafizuddeain Jantan has been mocked on social media after arriving at court in a wheelchair to face money laundering charges linked to a military procurement scandal Salwani Anuar, 27, was first seen in a wheelchair on Thursday at a special corruption high court in Kuala Lumpur, where she and her 58-year-old husband were each charged with four counts under Malaysia’s anti-money-laundering law. Though Salwani initially walked to the court entrance, she later sat in a wheelchair pushed by a Malaysian Anti-Corruption Commission (MACC) officer. Advertisement Her lawyer, Fahmi Abd Moin, told the court she had an abscess on her thigh and asked for her to be allowed to remain seated in the dock due to her condition, according to a New Straits Times report. Salwani Anuar, wife of former Malaysian army chief Muhammad Hafizuddeain Jantan, arrives at the Kuala Lumpur Court in a wheelchair under escort by Malaysian Anti-Corruption Commission officers on January 22. Photo: EPA On Monday, she was wheeled in again, this time to a sessions court in Kuala Terengganu, where she was charged with receiving proceeds from illegal activities in the form of 5,000 ringgit (US$1,260) that was deposited into her bank account.
China’s BYD plans to boost sales outside its home market by 25% this year. BYD is pushing the pedal on international sales after becoming the world's top EV seller last year. Tesla might face greater competition from BYD in international markets, potentially in its stronghold, the European market. Tesla is set to report its Q4 results on Wednesday. Tesla, Inc. investors may want to pay close atten...
China’s BYD plans to boost sales outside its home market by 25% this year. BYD is pushing the pedal on international sales after becoming the world's top EV seller last year. Tesla might face greater competition from BYD in international markets, potentially in its stronghold, the European market. Tesla is set to report its Q4 results on Wednesday. Tesla, Inc. investors may want to pay close attention. China's BYD Co. is increasingly setting its sights on the U.S. EV maker's core markets. BYD is targeting a 25% increase in electric vehicle sales outside China this year, aiming to sell 1.3 million vehicles overseas, Bloomber reported over the weekend, citing comments from the company's general manager, Li Yunfei. Add Asianet Newsable as a Preferred Source Ironically, U.S. President Donald Trump's trade tariffs have accelerated BYD's international expansion, enabling the automaker to gain traction in markets such as Mexico. But the latest target underscores BYD's increasingly aggressive push to expand overseas sales — potentially encroaching on Tesla's strongholds such as Europe — as growth in the Chinese market sharply slows. BYD's momentum has been especially notable over the past year. In 2025, the company overtook Tesla to become the world's largest electric vehicle seller, delivering 4.6 million vehicles — a 7.7% increase from the prior year. By comparison, Tesla delivered 1.64 million vehicles, marking an 8.4% year-over-year decline. But, EV Markets Still In Doldrums To be sure, a global slowdown in the EV market — particularly in China — has weighed on both Tesla and BYD. The U.S. and China, the world’s largest EV markets, are phasing out tax subsidies and incentives even as competition among automakers intensifies. Tesla said it delivered 418,227 vehicles in the October-December quarter, down 15.6%, and below analysts’ expectations of 434,487 vehicles. In December, BYD reported 420,398 deliveries, down 18.3% year over year and marking the fourth straight month...
European Union plans to simplify bank rules must make future capital needs clear and avoid fixation on subordinated debt, a top watchdog said. The complexity of additional Tier 1 capital is one of the issues to tackle, “but I would not even put it high on the list,” Jose Manuel Campa , who leads the European Banking Authority, said in an interview. “The holistic view of giving clarity to the banks...
European Union plans to simplify bank rules must make future capital needs clear and avoid fixation on subordinated debt, a top watchdog said. The complexity of additional Tier 1 capital is one of the issues to tackle, “but I would not even put it high on the list,” Jose Manuel Campa , who leads the European Banking Authority, said in an interview. “The holistic view of giving clarity to the banks about how the capital requirements will evolve for them over time is more important.” Authorities across the EU are debating how to rework financial regulation in order to avoid putting lenders at a potential disadvantage to competitors in the US, where the Trump administration is cutting back on oversight. European bankers say that doesn’t go far enough and have sounded the alarm on a recent proposal on AT1 that they fear could raise their capital requirements. Read More: EU Bankers Prepare for Capital Buffer Overhaul to Disappoint Campa called AT1 “a very specific point of the banking sector that everyone seems to accuse of being extremely complex.” Visibility in Europe’s banking framework is impaired by the fact that it encompasses international standards as well as the EU’s own rules, Campa said. The European Commission, which drafts regulations for the bloc, is working on a major report on banking. “Those all interact,” Campa said. “The outcome is good in that we have a lot of resilience built into the banking sector. But there’s complexity. This issue about the AT1s is one small piece of that complexity.” Last month, the European Central Bank suggested tweaking the features of AT1 to make it better able to absorb losses. It said the bonds could also be excluded from banks’ main capital requirements, while cautioning that that would deviate from global practices. Read More: EU Bankers Prepare for Capital Buffer Overhaul to Disappoint One issue to tackle on AT1s are the rules on when banks have to cut coupons or staff bonuses, said Campa. Bankers have repeatedly told h...
VICI Properties can provide you with a steadily rising stream of passive dividend income. VICI Properties' (VICI +1.24%) share price has slumped over the past few months, falling by more than 15% from its recent peak. That has pushed its stock price down toward $25, while driving its dividend yield up over 6%, well above the S&P 500's average (1.2%). That high-yielding passive income stream could ...
VICI Properties can provide you with a steadily rising stream of passive dividend income. VICI Properties' (VICI +1.24%) share price has slumped over the past few months, falling by more than 15% from its recent peak. That has pushed its stock price down toward $25, while driving its dividend yield up over 6%, well above the S&P 500's average (1.2%). That high-yielding passive income stream could be your ticket to financial freedom. A stable and growing dividend VICI Properties owns a growing portfolio of experiential real estate (e.g., casinos, bowling entertainment centers, and sports and entertainment complexes). It leases these properties to operating companies under long-term, triple-net (NNN) leases. Those rental agreements provide it with steadily rising cash flows as a growing percentage escalates rents with inflation (46% this year, increasing to 90% in 2035). The real estate investment trust (REIT) pays out about 75% of its stable cash flow in dividends, retaining the rest to reinvest in additional income-producing experiential real estate. The REIT buys properties in sale-leaseback transactions (it recently secured a $1.2 billion deal to acquire seven gaming properties), invests in real estate-backed loans, and provides funding to existing tenants to enhance their properties. Along with rent growth, these new investments help grow VICI's cash flow to support its dividend. Expand NYSE : VICI Vici Properties Today's Change ( 1.24 %) $ 0.35 Current Price $ 28.54 Key Data Points Market Cap $31B Day's Range $ 28.18 - $ 28.60 52wk Range $ 27.48 - $ 34.03 Volume 491 Avg Vol 12M Gross Margin 99.24 % Dividend Yield 6.18 % The company has raised its dividend for eight straight years (every year since its formation). It has grown its payout at a 6.6% compound annual rate during that time frame, much faster than the 2.3% average of other REITs focused on investing in NNN real estate during that period. With a massive total addressable market opportunity (over $400 bi...
Japanese stocks fell, U.S. stock futures were flat to a touch lower, after U.S. and Japanese authorities signaled that they are ready to step in to support the yen.
Japanese stocks fell, U.S. stock futures were flat to a touch lower, after U.S. and Japanese authorities signaled that they are ready to step in to support the yen.
PwC executives have asked teams to resume pitching for work with Saudi Arabia’s wealth fund, according to people familiar with matter, as the one-year ban on the consulting firm in an important market comes to an end. Managers at PwC have been told internally that teams can now send proposals to the Public Investment Fund , the people said, declining to be identified as the information is confiden...
PwC executives have asked teams to resume pitching for work with Saudi Arabia’s wealth fund, according to people familiar with matter, as the one-year ban on the consulting firm in an important market comes to an end. Managers at PwC have been told internally that teams can now send proposals to the Public Investment Fund , the people said, declining to be identified as the information is confidential. That comes a year after the Saudi fund temporarily banned PwC from advisory and consulting services contracts. Representatives for PwC and the PIF declined to comment. Business from Saudi Arabia’s expansion drive has been a key driver of growth for consulting firms in the region, including McKinsey & Co. and Boston Consulting Group Inc. The Middle East generated £1.97 billion in revenue for PwC in the twelve months to June 30, 2024. Read More: PwC’s Consulting Ban From Saudi Fund Has Rivals Hunting for Work The PIF didn’t publicly provide a reason for its decision last year, and PwC’s auditing projects weren’t placed under the restrictions. Following the PIF ban, PwC’s Global Chairman Mohamed Kande flew to Riyadh for meetings with the wealth fund. PwC has been investing heavily in Saudi Arabia, backing efforts to boost localization, and opened a huge office hosting its regional headquarters in Riyadh last month. The firm has since appointed a new senior partner to lead over 11,000 employees in the region, with Laura Hinton succeeding Hani Ashkar , who has been serving in the post for more than 12 years. The PIF is anchoring the kingdom’s economic transformation plan, Vision 2030. That includes Neom, a $1.5 trillion new city on the west coast, as well as other multibillion-dollar projects aimed at building out historic areas into tourist destinations. Get the Mideast Money newsletter , a weekly look at the intersection of wealth and power in the region.