The day's essential Malaysian news, briefed.
Major petrol retailers including BP, Marathon Petroleum, and 7-Eleven face a class action lawsuit in California over allegations they used artificial intelligence to coordinate higher fuel prices, potentially affecting regional energy markets.
Singapore shipping magnate Teo Siong Seng and other container executives face US civil lawsuits alleging they orchestrated a price-fixing scheme that doubled shipping container costs between 2019 and 2021, causing significant losses to American businesses.
Japan's Fair Trade Commission has raided six leading ice cream producers on suspicion of coordinating price increases. Officials allegedly colluded via email and meetings to synchronize timing and magnitude of hikes since around 2022.