Newsfeed – Business News
AI bosses walk back mass unemployment fears as public backlash grows
WASHINGTON, May 28 — The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI’s promised […]
IJM Corp profit falls to RM3.24m in FY2026 despite higher revenue growth
KUALA LUMPUR, May 28 — IJM Corporation Bhd’s net profit dipped to RM3.24 million for the financial year ended March 31, 2026 (FY2026), from RM403.37 million in the corresponding period […]
Yoga pants giant Lululemon’s new CEO inherits US$1.8b war chest to revive brand after bitter feud
Incoming CEO Heidi O’Neill inherits $1.8 billion cash for potential brand turnaround Analysts say Lululemon must regain North American shoppers and expand overseas Investors cautious as leadership transition delays major […]
IOI Properties profit jumps over four times to RM1.95b on stronger sales and Singapore expansion
KUALA LUMPUR, May 28 — IOI Properties Group Bhd’s net profit surged more than fourfold to RM1.95 billion for the first nine months of FY2026, driven largely by fair value […]
Geopolitical jitters in West Asia push ringgit lower against US dollar at close
KUALA LUMPUR, May 28 — The ringgit closed lower against the US dollar on Thursday as escalating geopolitical tensions in West Asia increased demand for the greenback amid heightened risk […]
Temu hit with €200m EU fine for failing to tackle illegal and unsafe products
BRUSSELS, May 28 — The European Union (EU) has imposed a fine of €200 million (US$232 million) on the Chinese e-commerce giant Temu for offering illegal products on its platform, […]
Oil jumps, Asian stocks slide after fresh US strikes on Iran test fragile ceasefire
HONG KONG, May 28 — Oil prices bounced higher on today while Asian stocks fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in […]
HSBC strengthens investment in Malaysia with opening of third Premier Centre in Subang Jaya
KUALA LUMPUR, May 28 — HSBC Malaysia has opened an all-new Premier Centre at its Subang Jaya branch in the bustling Taipan Business Centre, marking its third newly […]
Profit-taking drags Bursa Malaysia lower despite positive start after holiday break
KUALA LUMPUR, May 28 — Bursa Malaysia opened higher on Thursday but fell thereafter, tracking softer regional markets as early profit-taking activity capped gains. The market was closed on […]
Ringgit opens mostly higher amid cautious sentiment over US-Iran tensions
KUALA LUMPUR, May 28 — The ringgit opened mostly higher against major currencies today but eased slightly against the US dollar as investors stayed cautious over ongoing United States-Iran […]