Newsfeed – Business News
Disney beats profit forecasts as theme parks keep visitors coming
NEW YORK, Aug 6 — Disney reported better-than-expected profits Wednesday, citing a strong performance in its theme park business amid lingering worries about macroeconomic weakness. The entertainment giant’s third-quarter profits […]
Importers strike gold as Trump administration refunds US$100b in unlawful tariffs
WASHINGTON, Aug 6 — US President Donald Trump’s administration has refunded about US$100 billion in tariffs since the Supreme Court struck down a wave of his duties this year, court […]
Ringgit firms against dollar as weak US data rattles markets
KUALA LUMPUR, Aug 6 — The ringgit opened slightly higher against the US dollar on Thursday, supported by improved market sentiment after weaker-than-expected United States (US) economic data weighed on […]
Demis Hassabis steps down as Google AI chief, key engineer Jeff Dean departs after nearly 30 years
SAN FRANCISCO, Aug 6 — Google’s head of AI, Demis Hassabis, will step down from his current role to become Alphabet’s chief scientist amid a reshuffling at DeepMind that will […]
TikTok users to gain legal access to Disney movie extracts in new pact
PARIS, Aug 5 — The Walt Disney Co. said Wednesday that it had signed a deal with TikTok allowing users of the hugely popular video platform to add extracts of […]
Indonesia posts stronger-than-expected 5.3pc growth despite second-quarter slowdown
JAKARTA, Aug 5 — Indonesia’s economic growth slowed slightly in the second quarter of the year, though the data released by the statistics agency today still beat expectations thanks […]
Cathay Pacific first-half profit jumps 71pc as travel demand offsets fuel cost surge
HONG KONG, Aug 5 — Hong Kong carrier Cathay Pacific said today that net profit surged 71 per cent in the first half of the year, as demand from […]
SpaceX revenue jumps 92pc after IPO but shares fall on investor doubts
SAN FRANCISCO, Aug 5 — SpaceX’s revenue jumped 92 pe rcent in the second quarter, beating analyst expectations by around US$1 billion in its first post-IPO earnings report, but shares […]
Ringgit edges up as weak US economic data weighs on dollar
KUALA LUMPUR, Aug 5 — Ringgit opened slightly higher against the US dollar today, supported by weaker-than-expected US economic data that weighed on the greenback. At 8 am, the local […]
Shariah investing gains relevance as AI reshapes investment landscape, says Bursa CEO
KUALA LUMPUR, Aug 4 — Shariah investing has become increasingly relevant as digital technologies transform how investment decisions are made, while artificial intelligence (AI) reshapes everything from research and portfolio […]