Newsfeed – Business News
UK giant to break up: Primark set for spin-off in shake-up of retail empire
LONDON, April 21 — Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of the country’s largest consumer businesses. “A demerger […]
Ringgit gains ground at close as markets watch US–Iran talks closely
KUALA LUMPUR, April 21 — The ringgit strengthened against the US dollar and other major currencies at Tuesday’s close, despite a firmer US Dollar Index, as investors closely monitored developments […]
Stocks tumble as doubt grows over Iran-US peace talks
LONDON, April 21 — Stocks wobbled on Tuesday as doubts grew about peace talks taking place between Iran and the United States in Pakistan ahead of the end of a […]
Elon Musk vacuums up US$1.4b in SpaceX stock from past and present employees
NEW YORK, April 21 — Elon Musk increased his stake in SpaceX last year by purchasing US$1.4 billion (RM5.5 billion) worth of stock from current and former employees, The Information […]
Maybank to move head office to Merdeka 118 starting May 6
KUALA LUMPUR, April 21 — Malayan Banking Berhad (Maybank) will relocate its head office from Menara Maybank in Jalan Tun Perak to Menara Merdeka 118 effective May 6, 2026. In […]
Tesla settles before trial in wrongful death suit over disabled speed limiter fatal crash
WASHINGTON, April 21 — Billionaire entrepreneur Elon Musk’s Tesla has settled a wrongful death lawsuit in Florida stemming from a 2018 high-speed crash that killed a teenager riding in one […]
Musk no-show at Paris hearing on Grok AI, X child pornography allegations
PARIS, April 21 — Tech billionaire Elon Musk on Monday did not appear at a summons for questioning in a French probe into X and its AI chatbot, Grok, over […]
Ringgit climbs to 3.945 versus US dollar as market eyes Mid East talks
KUALA LUMPUR, April 21 — The ringgit opened higher against the US dollar on Tuesday as market participants are likely to focus on negotiations between the United States and Iran, […]
Who is John Ternus? How Apple’s hardware chief became its next CEO
SAN FRANCISCO, April 21 — Apple on Monday named insider John Ternus as its next CEO, tasking the longtime hardware chief with steering the company after Tim Cook as the […]
Strait up stress: Oil prices surge as Trump’s Iran blockade puts brakes on global shipping
NEW YORK, April 21 — US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war after Iran closed the […]