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Malaysia PM’s desperate vaccine plea
Malaysia’s citizens are being urged to ‘hurry’ and get vaccinated as the delta variant of the virus sweeps across the world
Prime Minister Ismail Sabri Yaakob on Monday sent an urgent plea to Malaysians to get vaccinated immediately to help the country recover from pandemic.
“We must continue to fight the COVID-19 pandemic as our main enemy,”
he said in a televised address ahead of Malaysia’s 64th national day celebrations.
Vaccines are the way out – the PM said
Mr Ismail Sabri noted that vaccines have been shown to have a positive impact on combating the pandemic.
“This success will pave the way for economic recovery in this country and allow us to live in the new normal. The economy should be restored, the well-being of the people should be improved, investor confidence should return, therefore, I would like to call on the Malaysian family to get vaccinated immediately to help in the country’s efforts to recover.”
The leader noted that ‘based on data and facts, vaccinations would “combat the war against the COVID-19 pandemic and it will end in victory,”
In his speech, the prime minister also reflected on Malaysia’s journey to achieve independence over the last four centuries and called on people to use these lessons to overcome challenges in the present day as a united “Malaysian family”.
Malaysia is in the midst of a tough battle against COVID-19, having averaged more than 20,000 daily cases over the last week
On Monday, the country recorded 19,268 cases and 295 deaths.
There have been more than 1.7 million COVID-19 cases in Malaysia so far and around 16,400 deaths in total.
As of Monday, 62.6 per cent of the adult population have been fully vaccinated. The government is aiming to raise this figure to 100 per cent by the end of October.
News
Big Tech earnings spark investor unease over AI spending
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.
Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.
Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.
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Federal Reserve holds interest rates amid economic uncertainty
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.
The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.
Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.
Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.
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#FederalReserve #InterestRates #Economy
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Trump warns Iran as U.S. naval forces approach amid rising tensions
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.
U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.
Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.
The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.
#Trump #Iran #USForeignPolicy
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