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Malaysia and Singapore to Boost Cybercrime Cooperation in Cross-Border Crime Agreement

Key Takeaway: Cybercrime will be included in Malaysia-Singapore cross-border crime cooperation , as the two countries prepare to renew their Memorandum of Understanding (MOU) on the matter. Malaysia’s Home Minister, Datuk Seri Saifuddin Nasution Ismail, announced that cybercrime will be a new focus in Malaysia-Singapore cross-border crime collaboration . The updated MOU will be signed on Nov 14 during Saifuddin’s meeting with Singapore’s Minister of Home Affairs and Law, K. Shanmugam. This move reflects the growing threat of cybercrime , which costs ASEAN an estimated US$64 billion annually. The agreement emphasizes capacity-building, intelligence-sharing, and joint operations as vital components for addressing cybercrime. The exchange of MOU documents will occur at the Annual Leaders' Retreat on Dec 8 in Malaysia, which will be attended by the prime ministers of both nations. Saifuddin also highlighted plans to discuss border congestion issues and will visit Singapore’s Immi
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Hedge Funds Lose Big as Tesla Soars Amid Trump-Musk Alliance

Since Donald Trump’s election victory, Tesla’s stock has surged nearly 30%, adding over $200 billion in market value and pushing the company's worth past $1 trillion. This rally has dealt a heavy blow to hedge funds holding short positions, with estimated losses exceeding $5 billion.

Hedge funds have quickly scaled back on Tesla shorts, with only 7% net short on Tesla as of Nov 6, down from 17% in July. Tesla’s CEO, Elon Musk, a prominent Trump supporter, has influenced Trump’s campaign significantly, positioning himself for potential influence in the upcoming administration.

Despite Tesla’s recent success, some investors, including Clean Energy Transition’s CEO Per Lekander, anticipate that Trump’s anti-climate policies could eventually hurt Tesla by slashing green energy incentives within the next year or so.

As the wider EV sector struggles, Tesla stands out with a 30% gain in 2024, while many renewable energy stocks have slumped following Trump’s win.

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