Newsfeed – Business News
World Cup 2026 set to pump US$41b into global GDP, lifting hotels, airlines and retail
PARIS, June 6 — The 2026 Fifa World Cup will inject billions of dollars into host economies, driven by a massive consumption surge that will benefit sectors as varied as […]
Record profit hopes fade as war and jet shortages cloud airline outlook
RIO DE JANEIRO, June 6 — Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the […]
Kuwait to get counter-drone tech from Trump-linked Anduril in US$1.98b deal after drone strike on airport
WASHINGTON, June 6 — The United States announced Friday its approval of a US$1.98 billion (RM7.98 billion) arms sale to Kuwait, one of the Gulf countries hit by Iranian strikes […]
‘The slowdown is no longer isolated’: Global air travel demand falls for first time since Covid
PARIS, June 6 — Airline executives descend on Rio this weekend to weigh the prospects for an industry grappling with geopolitical turbulence, soaring fuel costs and travellers wary of chasing […]
Bitcoin plunges below US$60,000 for first time since October 2024 as Strategy offloads its share
WASHINGTON, June 6 — Bitcoin dropped below US$60,000 (RM241,800) on Friday, its lowest level since October 2024, just before Donald Trump’s election, which propelled it to a record high. The […]
A hundred tonnes a day stuck: Thai shrimp farmers warn of ‘severe delays’ as Malaysia halts imports
BANGKOK, June 6 — Thailand’s shrimp industry has urged the government to engage directly with Malaysia to resolve a trade dispute that has led to a ban on Thai shrimp […]
Indonesian hotel chain Archipelago International leaves Cuba as Trump deadline looms
JAKARTA, June 6 — Indonesian hotel chain Archipelago International has confirmed its exit from Cuba citing US sanctions, with the group telling AFP on Friday it may resume operations “if […]
Rocket company turned AI landlord: SpaceX lands US$30b Google computing deal
WASHINGTON, June 6 — SpaceX on Friday signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company US$920 million (RM3.704 billion) per month for […]
From fry to fly: Japan’s scramble for sustainable jet fuel starts at home
TOKYO, June 6 — Japanese homemaker Maki Watanabe carefully pours into a plastic bottle the oil she used to cook her deep-fried aubergines, doing her part in her Tokyo kitchen […]
China’s solar heavyweights are chasing their next billion in batteries
SHANGHAI, June 5 — China’s major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, betting on rising global demand […]