Posts by Kim Browne
Eco-Shop jumps on debut, minting a new Malaysian billionaire
[KUALA LUMPUR] Shares of discount-chain Eco-Shop Marketing gained on their debut on Friday (May 23) as Malaysia’s biggest initial public offering of the year created a billionaire. The stock jumped as much as 10.6 per cent in early trading, before paring gains to close 6.2 per cent higher at RM1.20. Eco-Shop, which sells household items…
Read MoreCyclical, structural factors can affect current advantage of US dollar assets although outlook is stable for now: MAS chief
[SINGAPORE] The outlook for the structural advantage of US dollar assets looks to be relatively stable at present, said Monetary Authority of Singapore (MAS) chief Chia Der Jiun at the Qatar Economic Forum on Tuesday (May 20). However, he cautioned that whether this continues to be the case depends on the fiscal trajectory and policies…
Read MoreRedBird Capital agrees to a £500 million deal to buy UK’s Telegraph newspaper
The current government’s decision to allow foreign state-owned investors to own up to 15% of British newspaper publishers helped unlock a deal Published Fri, May 23, 2025 · 05:06 PM [LONDON] RedBird Capital Partners, the US fund that bought Britain’s Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing…
Read MoreDisney CEO Caves to Trump With New Rules on The View
“I’d love to stand here and tell the American people, we can cut your taxes and we can increase spending and everything’s going to be just fine. But I can’t do that because I’m here to deliver a dose of reality,” Massie said. “This bill dramatically increases deficits in the near term but promises our…
Read MoreFour Supreme Court Justices Refuse to Read the First Amendment
Four Supreme Court Justices wanted to make it legal for taxpayer dollars to fund religious charter schools. The Supreme Court produced a 4-4 deadlock on Thursday on the question of whether an Oklahoma religious school could take part in the state’s publicly funded charter school programs. While the decision is unsigned, thanks to the even…
Read MoreTesla Loses Key Status Marker as Elon Musk Backlash Ramps Up
Elon Musk’s electric carmaker Tesla has been outsold in Europe by a rival company for the first time. The continent’s longtime electric favorite was overtaken by Chinese company BYD in April, which sold 7,231 fully electric cars compared to Tesla’s 1,165, according to data from Jato Dynamics. It’s a major boon for the Chinese electric…
Read MoreRepublicans Sneak Terrifying Gun Law Change Into Trump’s Budget Bill
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans Affairs Secretary Doug Collins, and Transportation Secretary Sean Duffy. Donald Trump had arranged the volatile meeting: “Bring them all in here, and we’ll have at it,” Trump said, according to The Atlantic. The…
Read MoreUS: Wall St opens mixed after Trump’s tax Bill narrowly clears House test
Published Thu, May 22, 2025 · 09:47 PM [NEW YORK] Wall Street’s main indexes opened mixed on Thursday (May 22) after the US House of Representatives passed President Donald Trump’s tax Bill, which is expected to burden the country with trillions in debt, by a razor-thin margin. The Dow Jones Industrial Average fell 96.8 points,…
Read MoreXiaomi billionaire touts SUV, Chinese chip in tech showcase
[BEIJING] Xiaomi’s billionaire founder outlined plans for its first SUV and top-end gadgets with self-developed mobile chips, showcasing ambitions to expand its technology portfolio and move past a much-publicised accident that cast doubt on its expertise. Lei Jun, who shot to fame with bold plans to unseat Apple in China, gave online viewers a sneak…
Read MoreOnly Two Republicans Were Brave Enough to Vote Against Medicaid Cuts
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans Affairs Secretary Doug Collins, and Transportation Secretary Sean Duffy. Donald Trump had arranged the volatile meeting: “Bring them all in here, and we’ll have at it,” Trump said, according to The Atlantic. The…
Read MoreTranscript: Trump Unravels in Wild Rants as Polling Shows New Weakness
Podhorzer: Well, this is the tricky thing about being in America. He may think his base is larger than it is—but in America, it doesn’t have to be a majority anymore. And as long as it’s willing to be 100 percent there for you all the time, the question isn’t, “Is it a majority?” It’s,…
Read MoreBYD beats Tesla in Europe for first time with 169% sales surge
Published Thu, May 22, 2025 · 07:01 PM [FRANKFURT] BYD sold more electric vehicles in Europe than Tesla for the first time, overtaking the American brand that’s long led the continent’s EV segment. China’s leading automaker registered 7,231 new battery-electric vehicles in April, according to market researcher Jato Dynamics. That was up 169 per cent…
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