Thu10192017

LAST_UPDATEThu, 19 Oct 2017 11am

Samsung Scion's Defense Fights Back As Legal Appeal Begins

Pic: Reuters

SEOUL: The heir to South Korea’s Samsung Group appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.

Read more: Samsung Scion's Defense Fights Back As Legal Appeal Begins

Alphabet's Waymo Demanded $1 Billion In Settlement Talks With Uber

Pic: Reuters

SAN FRANCISCO: Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters.

Read more: Alphabet's Waymo Demanded $1 Billion In Settlement Talks With Uber

Alibaba To Invest $15B Into Artificial Intelligence, Other Futuristic Tech

Alibaba announced Wednesday it will invest $15 billion over the next three years into "cutting-edge technology" including quantum computing and artificial intelligence.

Read more: Alibaba To Invest $15B Into Artificial Intelligence, Other Futuristic Tech

Green Sukuk, A Great Alternative Financing Besides GTFS -- Ongkili

Datuk Seri Maximus Johnity Ongkili.

KUALA LUMPUR -- Shariah-compliant sukuk is another great option to finance green technology investments in renewable energy and other environmental assets, said Energy, Green Technology and Water (KeTTHA) Minister, Datuk Seri Maximus Johnity Ongkili.

Read more: Green Sukuk, A Great Alternative Financing Besides GTFS -- Ongkili

PME Teams Up With Chinese Company To Build Over 100 Modern Sea Fishing Vessels Worth US$100 Mln

KUALA PERLIS –  Perlis Marine Engineering Sdn Bhd (PME) targets to build over 100 modern sea fishing vessels worth about US$100 million (US$1 = RM4.21) in five years in partnership with Chinese company, LuHaiFeng Holding (M) Sdn Bhd (LHF).

Read more: PME Teams Up With Chinese Company To Build Over 100 Modern Sea Fishing Vessels Worth US$100 Mln

Loyalists Unhappy As Coach Becomes Tapestry Inc

Pic: ReutersIconic luxury handbag maker Coach Inc risked Wall Street and social media ire on Wednesday by announcing a change of its corporate name to Tapestry Inc, as it evolves into a multi-brand upscale retailer.

Read more: Loyalists Unhappy As Coach Becomes Tapestry Inc

Asia Stocks Near Decade-High On Global Equity Surge, Dollar Sags

TOKYO: Asian stocks were near a decade high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a guarded view towards inflation.

Read more: Asia Stocks Near Decade-High On Global Equity Surge, Dollar Sags

AirAsia Named Malaysia’s Best Company For Investor Relations

Pic: BernamaKUALA LUMPUR: AirAsia Bhd has been named Malaysia’s Best Company for Investor Relations (IR) at the Malaysia Investor Relations Association (MIRA) Awards 2017.

Read more: AirAsia Named Malaysia’s Best Company For Investor Relations

Facebook Exec Meets With Lawmakers Amid Russia Probe

WASHINGTON — One of Facebook’s top executives met Wednesday with House members investigating the company’s Russia-linked ads and told them the social media giant is serious about dealing with the issue.

Read more: Facebook Exec Meets With Lawmakers Amid Russia Probe

AirAsia X Could Swap 66 Jet Airbus A330Neo Order To A350s

Pic: NST

KUALA LUMPUR: AirAsia X Bhd, the long-haul arm of the region’s biggest budget carrier, is looking at swapping an order for 66 Airbus SE A330neo wide-body jets to larger A350s in a bid to boost capacity on its busiest routes.

Read more: AirAsia X Could Swap 66 Jet Airbus A330Neo Order To A350s