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‘There are attempts being made to topple Malaysian government’

Bloomberg Anwar Ibrahim, the political leader touted as Malaysia’s next premier, said there are attempts to topple the ruling Pakatan Harapan (PH) coalition which are being orchestrated by members of his own party along with PM Mahathir Mohamad’s political group. Anwar, who is president of the People’s Justice Party (PKR), said some in his group and Mahathir’s Bersatu party met with ...

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South Korea signals ‘powerful’ measures to contain outbreak

Bloomberg South Korean President Moon Jae-in raised the country’s infectious-disease alert level to the highest and signalled the potential for unprecedented steps to contain a coronavirus outbreak that has killed six and infected hundreds. The government ordered that schools delay resuming lessons after a holiday break as more than 600 people were confirmed to have been infected, a 20-fold surge ...

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Australia says climate change targets can’t risk economy, jobs

Bloomberg Australia’s government will work to set new long-term plans on reducing greenhouse gas emissions ahead of a key global summit this year, though signalled it won’t pursue policies that pose risks to jobs or growth. Prime Minister Scott Morrison, who has faced pressure over his climate and energy strategy in the wake of Australia’s deadly wildfires, has criticised opponents ...

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War with Netflix and Disney looms for top India streamer

Bloomberg As global streaming giants Netflix Inc and Walt Disney Co spend millions of dollars to grab viewers in India, a country that could become their biggest overseas market, a homegrown rival is preparing to defend its turf. Zee5, top domestic streaming platform set up by India’s biggest television broadcaster, is betting on local content to fend off big-spending rivals, ...

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HK pension industry takes step to do-good investing

Bloomberg For a global financial hub, Hong Kong has been a notable laggard in pushing its investment industry to adopt environmental, social and governance criteria. Now, a key operator in the city’s $125 billion pension system is helping change that. BCT Group will screen new fund managers based on socially responsible criteria for the money it allocates in its Mandatory ...

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Japanese government sees economy recovering

Bloomberg Japan’s government stuck to its view the economy is recovering despite the sharpest contraction in more than five years last quarter and forecasts from private sector analysts that the coronavirus epidemic will trigger a recession. In it’s monthly report for February, the Cabinet Office maintained its stance the economy is “recovering at a moderate pace” amid continued weakness in ...

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Artificial intelligence could fight a future coronavirus

Bloomberg Disease outbreaks like the coronavirus often unfold too quickly for scientists to find a cure. But in the future, artificial intelligence (AI) could help researchers do a better job. While it’s probably too late for the fledgling technology to play a major role in the current epidemic, there’s hope for the next outbreaks. AI is good at combing through ...

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Protests hit Canadian pipeline project

Bloomberg British Columbia is delaying a decision on a controversial stretch of the Coastal GasLink pipeline and asking TC Energy Corp to take more time to engage with indigenous groups after weeks of debilitating protest blockades along Canada’s rail network. In an emailed letter to TC Energy, the province’s Environmental Assessment Office (EAO) said it needs additional information to make ...

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China solar sector may grow 50%

Bloomberg China’s main solar industry group sees the nation’s new installations this year between 35 and 45 gigawatts and said almost a quarter of domestic solar companies are shut by the virus outbreak. Even the low end of the installation forecast, posted on the official WeChat account of the China Photovoltaic Industry Association (CPIA), would be a slight rebound from ...

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Chevron’s future growth prospects dwindle

Bloomberg Chevron Corp’s future growth prospects may be dimming after the oil explorer pumped more crude than it discovered or bought last year, eroding its portfolio of untapped fields. New finds, acquisitions and expansions of existing oil and natural gas holdings were equivalent to just 44% of the company’s 2019 production, according to a regulatory filing. That was Chevron’s poorest ...

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