Newsfeed – Business News
Zuckerberg says Meta is building the future — after laying off 8,000 workers
NEW YORK, May 21 — Meta began laying off roughly 8,000 employees yesterday — about 10 percent of its global workforce — as co-founder and Chief Executive Mark Zuckerberg pushes […]
Bursa opens higher as traders breathe easier over Middle East tensions
KUALA LUMPUR, May 21 — Bursa Malaysia opened higher on Thursday, tracking overnight gains on Wall Street amid optimism after the United States signalled that the conflict with Iran could […]
Samsung union says South Korea strike on hold ‘until further notice’
SEOUL, May 21 — Samsung Electronics workers’ union said late yesterday that a planned strike had been put on hold until further notice after negotiations with management resumed with the […]
Tokyo and Seoul stocks soar on hopes of diplomatic breakthrough with Iran
TOKYO, May 21 — Japan’s Nikkei index jumped more than 3 per cent in early Asian trade today after Iran said it was examining a new US proposal to end […]
AI frenzy powers Nvidia to fresh record RM323.1b quarterly revenue, soaring profits
SAN FRANCISCO, May 21 — Chip giant Nvidia yesterday posted record quarterly revenue of US$81.6 billion (RM323.1 billion), blowing past Wall Street forecasts as insatiable demand for its artificial intelligence […]
Malaysia is buying more EVs than ever — but what happens to the batteries later?
KUALA LUMPUR, May 21 — Rising global fuel prices and ongoing supply uncertainties are prompting more Malaysians to consider switching to electric vehicles (EVs), accelerating the country’s transition towards greener […]
Cooler oil prices give ringgit a lift in early trade
KUALA LUMPUR, May 21 — The ringgit opened firmer against the US dollar on Thursday, supported by easing geopolitical tensions in West Asia. At 8am, the local currency strengthened to […]
SpaceX wants a RM7t IPO valuation — Wall Street has questions
NEW YORK, May 21 — Elon Musk wants to take SpaceX public — and he’s asking investors to believe the rocket and AI company is worth almost US$1.75 trillion (RM7 […]
Rockets, robots and rage-posts: Mapping Elon Musk’s sprawling empire as SpaceX eyes blockbuster IPO
NEW YORK, May 20 — Elon Musk defines himself as an engineer trying to save humanity, while his critics call him a far-right showman who overpromises and underdelivers. Either way, […]
MAG expects jet fuel prices to stay at US$120-US$130 per barrel amid geopolitical tensions
KUALA LUMPUR, May 20 — Malaysia Aviation Group (MAG) expects jet fuel prices to hover between US$120 and US$130 per barrel over the next one year, based on current forward […]