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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona
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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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