Round-the-clock breaking news from Malaysia.
European negotiators are drafting final rules for a digital euro, expected to launch in 2029. The move represents a shift toward digital central bank money while protecting privacy and financial stability.
The European Parliament has given strong backing to plans for a digital euro, with lawmakers voting 416-169 in favour. The currency aims to supplement cash and offer Europeans an alternative to US-dominated payment systems by 2029.
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Malaysian banks and development financial institutions are aggressively adopting artificial intelligence across operations, yet significant trust gaps and governance weaknesses persist. A new AICB report highlights that only 25% of financial leaders feel confident enough to rely on AI for critical business decisions.
Britain's Competition and Markets Authority is pushing Apple and Google to permit developers to direct customers to alternative payment methods, potentially lowering app store fees and benefiting UK consumers.
Prime Minister Anwar Ibrahim has highlighted Ant Group's decision to establish its inaugural Global Development Centre in Malaysia as evidence of strengthening international confidence in the country's digital innovation framework and political stability.
Sweden's top court has ruled that Google must compensate PriceRunner, owned by fintech firm Klarna, with $1.5 billion for systematically manipulating search results to favour its own shopping comparison tool.
Prime Minister Anwar Ibrahim has characterised Ant Group's opening of its first Global Development Centre in Malaysia as evidence of strengthening international confidence in the nation's technological policies and political stability.
The Bank of England's deputy governor for financial stability has warned that existing regulatory frameworks are ill-equipped to manage risks from autonomous AI agents operating in the financial sector, calling for more sophisticated governance structures.
Financial regulators worldwide are accelerating adoption of artificial intelligence to combat mounting cybersecurity threats. Swiss market watchdog FINMA is spearheading a coordinated international effort to build AI-powered supervisory tools.
The European Central Bank has secured crucial parliamentary support for its digital euro project, positioning the eurozone to reduce dependence on American payment systems as transatlantic relations grow strained.