Newsfeed – Business News
From AI buddies to rivals: Apple and OpenAI’s bromance ends in court with blockbuster trade secrets lawsuit
SAN FRANCISCO, July 11 — Apple on Friday sued OpenAI, accusing the artificial intelligence company of orchestrating a campaign to steal the iPhone maker’s trade secrets as it tries to […]
US clears way for UAE to buy AI chips and military tech
WASHINGTON, July 11 — The United States on Friday announced a major easing of export restrictions on the United Arab Emirates, removing barriers to sales of advanced AI chips and […]
AI chip giant SK hynix dazzles in blockbuster Wall Street debut
NEW YORK, July 11 — Global stock markets rose slightly on Friday as investors digested a wave of corporate announcements, while the Nasdaq failed to get a major boost from […]
Apollo launches US$7.7b bid for EasyJet, sparking takeover battle
LONDON, July 10— British budget airline EasyJet said today it reached an agreement in principle for a £5.7-billion (US$7.7 billion) takeover by US private equity firm Apollo, topping a rival […]
Malaysia’s wholesale and retail trade sales hit RM171.3b in May, up 11pc year-on-year
KUALA LUMPUR, July 10 — Malaysia’s wholesale and retail trade sales reached RM171.3 billion in May 2026, an 11 per cent increase from a year earlier, according to the […]
South Korea’s SK hynix raises US$26.5b in mega Nasdaq listing fuelled by AI chip boom
SEOUL, July 10 — South Korean chip giant SK hynix set pricing for its mega US listing on Friday, raising US$26.5 billion as it takes advantage of the AI […]
Bursa Malaysia rises at opening as investors eye global cues and Johor polls
KUALA LUMPUR, July 10 — Bursa Malaysia opened higher on today, tracking overnight gains on Wall Street spearheaded by tech stocks, amid West Asia uncertainties. At 9.10 am, the benchmark […]
Ringgit edges higher as stronger economy offsets geopolitical jitters
KUALA LUMPUR, July 10 — The ringgit opened slightly higher against the US dollar on Friday amid continued caution over vessel movements in the Strait of Hormuz as investors monitored […]
Ringgit ends flat versus US dollar as markets digest latest Fed minutes
KUALA LUMPUR, July 9 — The ringgit closed flat against the US dollar after the latest US Federal Open Market Committee (FOMC) minutes suggested a less unified stance on further […]
Bursa closes lower as Middle East tensions rattle investor sentiment
KUALA LUMPUR, July 9 — Bursa Malaysia closed lower today as renewed geopolitical tensions in West Asia weighed on investor sentiment. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) […]