Newsfeed – Business News
France imposes RM101m in fresh penalties on Shein for consumer‑law breaches
PARIS, June 3 — French authorities said today that they had imposed two fines on Shein totalling more than €22 million (RM101 million), citing problems with product traceability, environmental labelling […]
India approves RM4.1b fund to cushion airlines from soaring jet fuel prices from Iran war
NEW DELHI, June 3 — India approved a 100 billion rupee (RM4.1 billion) fuel stabilisation fund today to help keep jet fuel prices in check for airlines hit by rising […]
EU court annuls DMA ‘gatekeeper’ label for Meta’s Marketplace, upholds Messenger ruling
BRUSSELS, June 3 — Meta secured a partial victory today over the EU’s powers to regulate tech giants, as a top court ruled the bloc was wrong to slap tough […]
Ringgit softens on resurfacing US tariff concerns, trades lower against major currencies
KUALA LUMPUR, June 3 — The ringgit ended lower today against the American dollar amid volatile currency markets as concerns over US tariffs resurfaced. At 6 pm, the local currency […]
Bursa Malaysia reverses early gains to close weaker on telco, banking drag
KUALA LUMPUR, June 3 — Bursa Malaysia’s benchmark index reversed earlier gains to end lower today, weighed down by losses in telecommunications and banking sectors, despite a broadly positive performance […]
Gas Malaysia rolls out Asia Pacific’s first LOOP system to turn methane into graphene
KUALA LUMPUR, June 3 — Gas Malaysia Bhd has deployed the first LOOP system in Asia Pacific, using technology developed by Levidian Nanosystems Ltd to produce graphene and capture carbon […]
Former Thai PM Thaksin to be granted full release under royal pardon
BANGKOK, June 3 — Former Thai prime minister Thaksin Shinawatra is set to be fully discharged from his sentence under a royal pardon granted in conjunction with the occasion of […]
Oil prices rise on Iran peace jitters as tech rally lifts global stocks
HONG KONG, June 3 — Oil prices extended gains Wednesday as Middle East peace talks stuttered, though stocks mostly rose on the back of continued demand for all things linked […]
Japan backs US$19b package to cushion Iran war impact on households
TOKYO, June 3 — Prime Minister Sanae Takaichi’s government backed on Wednesday US$19 billion (RM75.65 billion) in additional spending to help Japanese households struggling with soaring everyday costs driven by […]
US proposes tariffs on Malaysia, 59 other economies over forced labour concerns
WASHINGTON, June 3 — The United States has proposed new tariffs targeting Malaysia and 59 other economies over alleged failures to act against forced labour, as it moves to rebuild […]