Malaysia on Thursday passed a law discouraging elected lawmakers from switching political parties, following a series of defections that has caused political instability in recent years. The new law could be crucial in providing stability as national elections are expected to be called earlier than the September 2023 deadline. Malaysia has seen two coalition governments… Read More Malaysia passes law to discourage party defections
Indonesia expanded a cooperation agreement with South Korea on Thursday relating to the construction of a new capital city on Borneo island to replace overcrowded Jakarta, paving the way for Korean firms to participate in building digital infrastructure. The two countries initially signed an agreement in 2019 to work together on the ambitious $32 billion… Read More Indonesia, South Korea expand cooperation agreement on new capital city project
Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth. While Ma only owns a 10% stake in Ant, an affiliate of Alibaba Group… Read More Chinese billionaire Jack Ma plans to cede control of Ant Group
Spirit Airlines Inc on Thursday agreed to a $3.8 billion buyout offer from low-cost rival JetBlue Airways Corp, ending a drawn-out battle for the carrier whose acquisition would help create the fifth-largest U.S. airline. The victory for JetBlue comes after Spirit canceled its $2.7 billion sale to Frontier Group Holdings, but the potential combination is… Read More jetBlue Airways reaches $3.8billion acquisition deal of Spirit Airlines
North Korean leader Kim Jong Un said his country is ready to mobilise its nuclear war deterrent and counter any U.S. military clash, and criticised South Korea’s new president for the first time, warning Seoul was pushing towards the brink of war. Kim made the remarks during a speech at an event to mark the… Read More North Korean leader Kim Jong Un says nation ready to mobilise nuclear deterrent
Dozens of former Republican and Democratic officials announced on Wednesday a new national political third party to appeal to millions of voters they say are dismayed with what they see as America’s dysfunctional two-party system. The new party, called Forward, will initially be co-chaired by former Democratic presidential candidate Andrew Yang and Christine Todd Whitman,… Read More Former U.S. Republicans and Democrats form new third political party
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