Newsfeed – Business News
Why the UAE is leaving Opec: The US$150b conflict with Saudi Arabia that will reshape energy markets
LONDON, April 29 — Opec and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but […]
Thailand courts Singapore for ‘land bridge’ to rival Malacca Strait amid Hormuz crisis
BANGKOK, April 29 — The closure of the Strait of Hormuz has given Thailand impetus to advance a longstanding plan to create a logistics link between the Indian and Pacific oceans, […]
Ringgit strengthens against US dollar as UAE shocks markets by quitting Opec
KUALA LUMPUR, April 29 — The ringgit strengthened against the US dollar but was mixed against other currencies in early trade today, amid cautious sentiment over oil price volatility and […]
OpenAI soap opera plays out in court as Musk accuses ‘Scam Altman’ of ‘looting charities’
OAKLAND, April 29 — Billionaire Elon Musk took the stand Tuesday to accuse OpenAI and its boss Sam Altman of betraying the AI company’s altruistic origins, in a trial that […]
UAE quits Opec, Opec+ after protesting lack of protection from Iran attacks
DUBAI, April 28 — The United Arab Emirates said today it was quitting Opec and Opec+, dealing a heavy blow to the oil exporting groups and their de facto leader, […]
Ringgit closes higher against major, regional currencies
KUALA LUMPUR, April 28 — The ringgit closed higher against major and regional currencies but was flat against the US dollar today amid cautious sentiments over rising crude oil prices. […]
Oil surges past US$110, global markets shaken as Trump snubs latest Iran proposal
SINGAPORE, April 28 — Stocks held their ground and oil rose on Tuesday as investors weighed the stalemate in the Iran conflict, while the yen was steady after a hawkish […]
Yen jumps as ‘shocking’ Bank of Japan split vote signals June rate hike
SINGAPORE, April 28 — The yen firmed on Tuesday after the Bank of Japan held interest rates steady in a split vote, the first decision in a busy week for […]
Australia unveils 2.25pc revenue tax on Meta, Google, TikTok over news payment refusal
SYDNEY, April 28 — Australia unveiled draft laws on Tuesday that would tax tech giants Meta, Google and TikTok unless they voluntarily strike deals to pay local outlets for news. […]
Australia to charge Meta, Google and TikTok if they refuse to pay local news outlets
SYDNEY, April 28 — Australia unveiled draft laws on Tuesday that will charge tech giants Meta, Google and TikTok unless they voluntarily strike deals to pay local outlets for news. […]