Asian stocks off to shaky start after Wall Street rout

ASIAN stocks were off to a shaky start today following plunges on Wall Street fuelled by concerns for the banking sector and broader fears of recession. Lacklustre US consumer data and mixed earnings reports fed those fears during trading hours, with US stocks in the red the entire day.

Take action against open burning culprits

IN 2016, the then government proposed to seize lands razed as a result of slash-and-burn techniques often used by palm oil plantations. Unfortunately, the idea was dropped in 2020.

Harris pushes abortion as key issue in 2024 US campaign

THE same day US President Joe Biden announced his re-election bid, his vice president put forth abortion as a key issue in their 2024 campaign. “I trust the women of America,” said Kamala Harris, speaking at Howard University, in Washington, before a crowd chanting “four more years.”

EU to unveil reforms for cheaper drugs

THE European Union is to unveil a long-awaited proposed reform today of legislation governing pharmaceutical drugs to make them cheaper, prevent shortages and speed up delivery of new compounds. The overhaul aims to bring “timely and equitable access for patients to affordable drugs” in the bloc, EU health commissioner Stella Kyriakides tweeted.

Penang gets nod for southern reclamation project

PENANG has received the Environmental Impact Assessment (EIA) approval for the Penang South Islands (PSI) reclamation project. Chief Minister Chow Kon Yeow said approval came with 71 conditions that must be fulfilled.