Newsfeed – Business News
Fruitful: Pineapple cultivation in Melaka has expanded 142pc since 2021
MELAKA, June 29 — The pineapple industry in Melaka has recorded a more than 142 per cent increase in cultivated area, reaching 125.7 hectares over the past five years since […]
Ringgit outperforms regional peers on improving market mood
KUALA LUMPUR, June 29 — The ringgit strengthened against major and regional currencies, supported by lower crude oil prices, which helped improve risk sentiment amid ongoing United States-Iran peace negotiations. […]
Bursa bounces off day’s lows but still ends in the red
KUALA LUMPUR, June 29 — Bursa Malaysia ended marginally lower on Monday, with the benchmark index paring its earlier losses after rebounding strongly from intraday lows amid heavy selling in […]
‘One-time opportunity’: Why South Korea is betting big on the AI chip boom
SEOUL, June 29 — Huge demand for the components that power artificial intelligence presents South Korea with an opportunity to bolster its chip industry against rivals such as China, analysts […]
Ceasefire hopes lift Asia, but AI bubble fears refuse to fade
HONG KONG, June 29 — Asian stocks mostly rose and oil prices edged up today as reports said the United States and Iran had agreed to stop attacking each other […]
Cigarette giant BAT goes on corporate diet to shed 20pc workforce weight, save £600m
LONDON, June 29 — British American Tobacco announced today sweeping job cuts as the cigarette maker axes 5,500 roles globally and outsources another 3,500 to help slash costs. The maker of […]
AI’s next bottleneck isn’t chips — it’s the weather
ZURICH, June 29 — The race to build more artificial intelligence data centres is running into an increasingly expensive obstacle: extreme weather. Record-breaking heatwaves, floods, wildfires and violent storms are […]
South Korea goes all in on AI with US$518b semiconductor push
SEOUL, June 29 — South Korea’s chip industry will see a record investment of more than half a trillion dollars as demand soars for the components that power artificial intelligence […]
Profit-taking pulls Bursa lower amid election, Middle East jitters
KUALA LUMPUR, June 29 — Bursa Malaysia ended the morning session lower as persistent profit-taking in selected heavyweight stocks, particularly the healthcare, financial and plantation counters, weighed on market sentiment. […]
China moves to curb dual-use exports, targets 20 Japanese institutions
BEIJING, June 29 — China added 20 Japanese entities, including the National Institute for Defense Studies, to a blacklist on Monday aiming to block the export of dual-use items, the […]