Newsfeed – Business News
Meta AI glasses hype fades as Ray-Ban maker shares slip
PARIS, April 23 — Shares in EssilorLuxottica, the world’s top maker of eyeglasses, slid on Thursday as analysts said investors have turned wary of AI glasses. The French-Italian company has […]
Europe’s top court rules against Lufthansa’s €6b Covid-era bailout approval
LUXEMBOURG, April 23 — The European Court of Justice has sided with rival airlines in a dispute over state aid to Lufthansa, confirming the annulment of a €6 billion (US$7 […]
Tesla eyes AI, robot future with US$25b spend as Q1 profits rise
NEW YORK, April 23 — Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence. Elon […]
‘American customers have vanished’: China exporters feel pain of US trade war
GUANGZHOU, April 23 — Labourers sweated as they wheeled bags of clothes, shoes and accessories to a sprawling wholesale market in southern China, where shop owners hoped an upcoming visit […]
AI chip exports lift South Korea GDP, shrugging off Middle East tensions
SEOUL, April 23 — Soaring semiconductor demand has driven South Korea’s economy to its fastest growth in over five years, quarterly data from the central bank showed Thursday, as the […]
Ceasefire lift: Bursa Malaysia opens higher as banks lead on Trump’s truce extension
KUALA LUMPUR, April 23 — Bursa Malaysia opened higher on Thursday, buoyed by improved sentiment after US President Donald Trump extended the West Asia ceasefire, with gains led by banking […]
Crude surges past US$100 as Hormuz standoff drags on
TOKYO April 23 — Oil prices jumped 4 per cent Thursday after Iran vowed not to reopen the Strait of Hormuz so long as a US naval blockade remained in […]
Ringgit dips near RM3.96 against greenback as US–Iran tensions cloud outlook
KUALA LUMPUR, April 23 — The ringgit opened lower against the US dollar on Thursday, weighed by cautious sentiment as traders awaited clearer outcomes from ongoing United States-Iran negotiations. At […]
Investors wait for clarification about Tesla spending binge ahead of earnings
NEW YORK, April 22 — Questions about Tesla’s progress towards achieving fully autonomous driving at scale are expected to figure prominently when the company reports results today. When last releasing […]
Oil prices rise despite US-Iran ceasefire extension
LONDON, April 22 — Oil prices edged higher today while Europe’s main stock markets eased on uncertainty surrounding the prospect of resumed Mideast peace talks following an extension to the […]