At the closing, the ringgit continues decline on the dollar.

At the closing, the ringgit continues decline on the dollar.

While investors flocked to safe-haven assets due to concerns over the prospects for global interest rates, the ringgit resumed its downward trend against the US dollar to settle lower today.

In comparison to Monday's closing rate of 4.4755/4805, the local currency declined against the dollar to 4.4850/4895 at 6 o'clock.

The local note is still having trouble, according to Stephen Innes, managing director of SPI Asset Management, despite aggressive rhetoric from the US Federal Reserve (Fed) and market expectations for increased Fed funds rates.

"The ringgit could drop even further if the US (economic) data stay solid and inflation remains high," he told Bernama. "This would push the market to continue debating on more than 6% for the Fed funds rates.

Investors are also likely to be watching any escalation in the Russia-Ukraine conflict, according to ActivTrades trader Anderson Alves, since US Treasury Secretary Janet Yellen has threatened China with "serious consequences" if it gives Moscow material help in breach of US sanctions.

According to him, "any concrete action by China in favour of Russia might be perceived as a significant basis for a derisk and deleverage from Asian exposures."

In addition, the ringgit largely depreciated versus a basket of major currencies.

The local currency lost value against the Singapore dollar at Monday's end, falling to 3.3247/3285 from 3.3162/3204; it also lost value against the euro, dropping to 4.7572/7620 from 4.7212/7265; and it lost value against the British pound, falling to 5.4152/4206 from 5.3576/3636.

At the closing, the ringgit continues decline on the dollar.

It increased from 3.2816/2855 to 3.2799/2835 in relation to the Japanese yen. The Bernama

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The United States will lend Li-Cycle $375 million for a recycling factory in New York.

The United States will lend Li-Cycle $375 million for a recycling factory in New York.

On Monday, the U.S. Energy Department announced that Li-Cycle Holdings Inc. would receive a $375 million loan while it constructs a battery recycling facility in New York that will, by the end of the year, rank among the nation's major producers of lithium.

Increased battery recycling capacity is thought to be essential to achieving President Joe Biden's objective of having half of all new vehicles in the United States be electric by 2030. The loan is the latest effort by Washington to encourage the development of a domestic electric vehicle supply chain.

According to Jigar Shah, director of the Energy Department's Loan Programs Office, "one of the benefits of recycling is that it can deliver metals to market more confidently than some of the mining firms that take a little longer to go from the identification of the resource to full production."

The United States will lend Li-Cycle $375 million for a recycling factory in New York.

When funds are released, which is anticipated in July, the loan, which has a 12-year term and an interest rate matching the 10-year U.S. Treasury rate, will be made available. The financing for Li-Cycle has long been supported by Democratic U.S. Senator Chuck Schumer from New York, who also serves as the majority leader of the Senate.

According to Jigar Shah, director of the Energy Department's Loan Programs Office, "one of the benefits of recycling is that it can deliver metals to market more confidently than some of the mining firms that take a little longer to go from the identification of the resource to full production."

When funds are released, which is anticipated in July, the loan, which has a 12-year term and an interest rate matching the 10-year U.S. Treasury rate, will be made available. The financing for Li-Cycle has long been supported by Democratic U.S. Senator Chuck Schumer from New York, who also serves as the majority leader of the Senate.

The business has established a network of factories in Arizona, Alabama, and Ontario that create black material, or, more precisely, black mass made up of shredded battery parts. The dark substance will be converted into lithium and other metals in the Rochester facility.

As the factory starts up in 2024, Li-Cycle hopes to generate 8,500 tonnes of lithium carbonate annually, making it one of the major producers of battery metal in the United States.

In the last month, the Energy Department has agreed to lend $2 billion to Redwood Materials, a competitor of Li-Cycle, and $700 million to Ioneer Ltd.'s Rhyolite Ridge lithium mining project.

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These remarkable girls grab the opportunity to ascend once more.

These remarkable girls grab the opportunity to ascend once more.

Nur (not her real name) endured some traumatic experiences as a child, including recovering from the trauma of being raped, fleeing a chaotic household, and ending up working as an escort to support herself.

She used to take mental medication because she started self-harming at one point.

But all changed when a court ordered her to live in Asrama Bahagia in Kuala Lumpur until she became 18 years old.

Nur from Labuan, Sabah, shared her experience, describing how she and her two older sisters were raised in an unstable atmosphere.

Their mother regularly gambled, drank alcohol, and frequently brought strange guys home.

Because of their mother's addiction to get-rich-quick schemes and other harmful behaviors that eventually had a negative impact on the family, Nur claimed she fled the house after her two sisters left.

Before things became a little sticky as a result of a bad relationship, she spent a brief period of time in Selangor with one of her mother's acquaintances.

She was compelled to work as an escort for seven months because it was the only position available to her during the time of the movement control order.

"My father passed away when I was a baby, so I never met him.

"After my sisters moved to Kuala Lumpur, I was left to handle my mother by myself. Soon after, I fled in the hopes of establishing myself alone.

"After being eventually sent to Asrama Bahagia, I told the court all that had transpired.

She explained, "I was placed under the Welfare Department at the safe house until I was 18 because the court decided that my mother was unfit to care for me.

Nur's graduation from the "Aku Luar Biasa" (I Am Exceptional) program, a continuation of the Youth Inspiration program run by the Youth and Sports Ministry and Malaysia Youth Council to combat social problems among young people, was one of 24 females who made yesterday a special day for her.

The program offers individuals psychological counseling to help them regain their confidence.

Asrama Bahagia is selected as the program's pilot project with the intention of educating participants in self-care and emotional management.

Adam Adli Abdul Halim, the deputy minister of youth and sports, gave the certificates to the 24 girls who participated in the six-month program starting in September of last year.

Nur expressed her gratitude for being a part of the program, saying that it had helped her better manage her emotions, communicate with others, and let go of painful memories.

"I came to the realization that I had missed out on my childhood while staying at the safe home.

"I got to do things there that my classmates did, like play basketball and congkak and socialize with other people.

I no longer injure myself or take psychiatric medications since I now have complete control over my life.

Even my relationship with my family has gotten better, she continued.

Nur, who will be taking her SPM examinations, wants to work as a flight attendant or a pilot.

Another participant, 18-year-old Kuantan, Pahang resident Karen (not her real name), had a history of disobedience and emotional instability.

Her family temporarily relocated her to Asrama Bahagia, where she is still presently residing.

"I just couldn't control myself because when my parents wouldn't give in, I'd get upset and frustrated. Nonetheless, I didn't engage in any criminal activity.

"I learned how to appreciate myself more after taking the program. I can handle disputes and have more emotional control.

"I have discovered a lot here. Life has so much to offer, she continued.

Deja, 16, also from Kuantan, claimed that the training had been very beneficial to her and that she now feels more in control of her emotions and behavior.

These remarkable girls grab the opportunity to ascend once more.

Although she has stayed in other safe houses, Asrama Bahagia's experience and the programs offered there have had a significant impact on her life.

"Because I made the decision to change, I learned how to transform myself. I've learned this via the program. I came to this place because of my unhealthy social habits, which included hanging out with people in terrible clothes, experimenting with drugs, and watching illicit racing.

"Now that I've realized my mistakes, I can communicate with my family and feel a lot happy," she continued.

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While regulators focus the case, Apple is being sued in the EU for App Store policies.

While regulators focus the case, Apple is being sued in the EU for App Store policies.

Today, the EU's antitrust authorities honed in on Apple, claiming that its App Store policies, which forbid developers from advising customers of other purchase options, violate the EU's laws against unfair commercial practises.

The European Commission, which serves as the executive arm of the European Union, which is composed of 27 nations, has dismissed a previous complaint that was directed at Apple's guidelines requiring developers to utilise its proprietary in-app payment mechanism.

According to the EU competition watchdog, Apple's allegedly "anti-steering obligations" for developers are "neither necessary nor proportionate for the provision of the App Store on iPhones and iPads and that they are detrimental to users of music streaming services on Apple's mobile devices who may end up paying more."

Apple stated that it would address the regulator's concerns and expressed satisfaction with the Commission's decision to restrict the case.

Spotify brought the legal action, alleging that Apple unfairly barred competitors from using its own music streaming service, Apple Music, on iPhones.

While regulators focus the case, Apple is being sued in the EU for App Store policies.

As a result, the Commission opened an investigation and filed charges against Apple regarding its anti-steering system and in-app payment system in April 2021.

The statement of objections, or charge sheet, issued today, according to the Commission, will take the place of the 2021 document. The Reuters

SPM will be held from January 30 to March 15, according to the Ministry of Education.

SPM will be held from January 30 to March 15, according to the Ministry of Education.

Between January 30 and March 15, 2022, the Sijil Pelajaran Malaysia (SPM) exams will be administered, which will include written tests, speaking and listening assessments, and practical science tests.

In a statement released today, the Ministry of Education (MoE) stated that a total of 403,637 candidates will take the written exams from February 20 to March 15.

SPM will be held from January 30 to March 15, according to the Ministry of Education.

Physics practical science examinations will be held on January 30 with 93,490 applicants; Biology tests will be held on January 31 with 74,642 candidates; Chemistry tests will be held on February 2 with 94,672 candidates; and Additional Science tests will be held on February 2 with 1,675 students.

397,854 candidates will take the Bahasa Melayu speaking test on February 7–9, while 397,057 candidates will take the English speaking test on February 13–15.

On February 16, listening tests in Bahasa Melayu (397,854 applicants) and English (397,057 applicants) will be administered.

According to the MoE, 131,318 invigilators have been hired in total to ensure the success of the SPM exams.

3,355 examination centers have been set up nationally, according to the statement.

On the Examination Board website at http://lp.moe.gov.my, you can get the exam schedule.

It stated that "all applicants are reminded to refer to the examination timetable for information on the day, time, code, and examination papers as well as guidelines that must be followed during the examination."

The MoE also reminded applicants to visit the testing locations with photo ID and their Examination Registration Statement.

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