Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion 
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
One Percent Rule Checklist For Safer Forex Trading Risk 
Shares in Malaysia's AirAsia Group plunged 11 percent on Wednesday after its auditor said material uncertainties cast doubt on the airline's ability to continue operations.
Ernst & Young's audit opinion said the airline's 2019 earnings were dependent upon recovery from the COVID-19 pandemic and fundraising efforts' success.
EY also noted that AirAsia's liabilities exceeded its assets by 1.84 billion ringgit at the end of 2019.
According to Shukor Yusof, the head of aviation consultancy Endau Analytics, EY's opinion is a red flag, which warns against AirAsia's serious risks if the crisis persists or if the airline fails to get a cash injection.
Malaysia's stock exchange had granted the airline a 12-month relief from being classified as a financially-distressed entity, which would require it to submit a business improvement plan.
Other Malaysian companies hit by the pandemic also got the same relief.
Like other airlines, AirAsia suffered immensely s the pandemic curtailed travel demand. The first-quarter loss of $188 million was its biggest for a quarter since its 2004 listing.
The company has been evaluating capital-raising proposals, and its management has announced that an equity raising through a placement or rights issue may soon occur.
AirAsia revealed that joint ventures and collaborations are under discussion and might bring additional third-party investments in specific segments.
The airline also sought payment deferrals from lenders and suppliers while halting all deliveries this year of Airbus SE jets to cut costs.
AirAsia's shares plunged 55 percent this year, reducing its market capitalization to around $594 million.
