Toshiba to go private as board accepts US$15 billion takeover bid

TROUBLED Japanese conglomerate Toshiba today accepted a US$15 billion (RM66.9 billion) takeover bid by a consortium led by investment fund Japan Industrial Partners, major local media outlets reported.   The long-awaited decision follows years of turmoil for the company, which once symbolised Japan’s tech prowess but has recently faced scandals, financial troubles, and high-level resignations.  

Driver in fatal crash assaulted by passersby

THE lorry driver involved in yesterday’s fatal crash with a motorcycle has alleged he was attacked by a group of men immediately following the incident in Kampung Telok Gong near Port Klang yesterday. In the incident, a nine-year-old girl was riding pillion with her brother on a motorcycle ridden by a woman, understood to be […]

Ringgit rallies against dollar

THE ringgit jumped against the US dollar today as its winning streak continued for the fourth consecutive day after the US Federal Reserve (Fed) signalled a more dovish monetary stance going forward.  At 6pm, the local note bounced to 4.4160/4200 versus the greenback compared with yesterday’s closing rate of 4.4530/4580. 

Russia’s ex-leader says arrest of Putin abroad would be ‘declaration of war’

RUSSIA’S ex-president Dmitry Medvedev has warned that attempts to arrest Vladimir Putin abroad after the International Criminal Court (ICC) issued a warrant against him would be seen by Moscow as a “declaration of war”.   Medvedev, who served as president between 2008 and 2012, has made increasingly hawkish speeches since Putin sent troops to Ukraine, repeatedly […]

Cops hunting gang for rioting at funeral home

POLICE are tracking down 20 men, believed to be members of a secret society, who rioted during a wake at a funeral home in Johor Baru on Tuesday. Johor police chief Kamarul Zaman Mamat said a day before the incident, a man in his 30s with several previous convictions was shot dead in Taman Melodies.