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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Telegram CEO Pavel Durov Detained in France Over Alleged Child Protection Failures

 

Telegram's CEO, Pavel Durov, has been detained in France on allegations that the messaging app failed to combat crime effectively, including the spread of child sexual abuse material. Durov, a 39-year-old billionaire of Russian origin, was apprehended at Le Bourget airport near Paris after exiting a private jet on Saturday.

The French agency Ofmin, established to prevent violence against minors, issued the arrest warrant. Ofmin's secretary general, Jean-Michel Bernigaud, stated that the case centers on Telegram's alleged lack of moderation and cooperation, particularly in addressing crimes against children. Durov may also face allegations related to enabling drug trafficking and promoting terrorism on the platform.

Telegram, which Durov co-founded with his brother Nikolai, has nearly one billion users worldwide. The app's hands-off approach to content moderation has led to accusations that it is a haven for criminal activities and extremist content. In response to Durov's detention, Telegram stated that Durov has "nothing to hide" and that the platform complies with European laws, calling the accusations against him "absurd."

Durov's detention has drawn attention from various authorities, including the Russian embassy in Paris, which demanded an explanation and consular access to Durov. French President Emmanuel Macron emphasized that Durov's arrest was not politically motivated and that the judiciary would independently handle the case. The investigating magistrate has extended Durov's detention for up to 96 hours and must decide by Wednesday whether to press charges, release him, or let him go free as a witness.

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