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LAST_UPDATESun, 22 Jul 2018 9pm

Dubai Recipe For Economic Success Looks Stale As Markets Slump

Pic: ReutersDUBAI: In Dubai’s posh Jumeirah Beach Residence district, luxury apartment rents are down about 15 percent from a year ago - a sign, some fear, that the wealthy emirate’s recipe for economic success is getting stale.

Read more: Dubai Recipe For Economic Success Looks Stale As Markets Slump

VW To Temporarily Park Cars Due To New Emissions Testing Bottlenecks

Pic: ReutersBERLIN: Volkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday.

Read more: VW To Temporarily Park Cars Due To New Emissions Testing Bottlenecks

Malaysia Is Exploring Opportunity For Asean-Wide Trading Link

Pic: NSTP

KUALA LUMPUR: The government, together with Bursa Malaysia and the Securities Commission (SC), is exploring plans to link with other regional bourses after shelving initial plans to link Bursa Malaysia with Singapore Stock Exchange (SGX).

Read more: Malaysia Is Exploring Opportunity For Asean-Wide Trading Link

Apple Watch, FitBit Could Feel Cost Of U.S. Tariffs

The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs show.

Read more: Apple Watch, FitBit Could Feel Cost Of U.S. Tariffs

Microsoft Soars Past $800 Billion In Value After Bumper Results

Shares of Microsoft Corp (MSFT.O) were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

Read more: Microsoft Soars Past $800 Billion In Value After Bumper Results

Geely Climbs 76 Spots To 267th Place In Fortune Global 500

Hangzhou, CHINA: Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology company, has risen 76 places in the 2018 Fortune Global 500 to 267th spot after revenue last year reached US$41.1 billion.

Read more: Geely Climbs 76 Spots To 267th Place In Fortune Global 500

Nova Wellness Targets Southeast Asia Market

KUALA LUMPUR: Pharmaceutical company Nova Wellness Group Bhd, that made its debut in the ACE Market of Bursa Malaysia today, plans to expand business in the Southeast Asian market, particularly in Indonesia and Thailand.

Read more: Nova Wellness Targets Southeast Asia Market

Guan Eng: Najib Is Aware Of LRT3's Final Cost

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak is aware of the final cost of the Light Rail Transit Line 3 (LRT3) ballooning to around RM32 billion from the initial RM9 billion, said Finance Minister Lim Guan Eng.

Read more: Guan Eng: Najib Is Aware Of LRT3's Final Cost

Japan's Kobe Steel Indicted Over Quality Scandal

Kobe Steel has been indicted for allegedly violating Japan's competition law after the firm admitted it had fabricated strength and quality data of products sold to hundreds of clients.

Read more: Japan's Kobe Steel Indicted Over Quality Scandal

Burberry Destroyed RM151 Million Worth Of Their Products To Protect Their Brand Value

Burberry had destroyed RM151 million worth of its unsold luxury products last year all in the name of protecting its brand.

Read more: Burberry Destroyed RM151 Million Worth Of Their Products To Protect Their Brand Value