Newsfeed – Business News
Global stocks fall despite record earnings as oil tops US$100 on US-Iran crisis
NEW YORK, April 24 — Global stocks mostly fell Thursday, retreating after recent gains as investors tempered their enthusiasm for a quick end to the Middle East war. The benchmark […]
Meta to decimate global workforce as Zuckerberg bets bigger on AI race
NEW YORK, April 24 — Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence. Meta […]
Biggest oil disruption on record: Where the Iran war energy shock ranks among past crises
LONDON, April 24 — The US-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, […]
How a Deutsche Telekom–T-Mobile US tie-up could become the world’s biggest M&A deal
BERLIN, April 23 — Deutsche Telekom is exploring a possible tie-up with T-Mobile US to create a US$300 billion (RM1.1 trillion) telecoms giant, sources said, in what would overtake Vodafone-Mannesmann’s […]
Xpeng sets 2027 delivery goal for ‘flying’ cars, eyes robot rollout in 2026
BEIJING, April 23 — Chinese electric vehicle maker Xpeng expects to start large-scale production of its “flying” cars next year and of its humanoid robots in the fourth quarter of […]
Ringgit ends mixed as safe‑haven demand persists
KUALA LUMPUR, April 23 — The ringgit ended mixed against a basket of currencies today, as investors continued to buy safe-haven assets. At 6 pm, the ringgit eased to 3.9630/9670 […]
Bursa Malaysia closes firmer on bank, telco gains as ceasefire boosts sentiment
KUALA LUMPUR, April 23 — Bursa Malaysia closed higher today, lifted by selective buying in banking and telecommunications heavyweights amid improved sentiment following the extended ceasefire in West Asia. At […]
Meta AI glasses hype fades as Ray-Ban maker shares slip
PARIS, April 23 — Shares in EssilorLuxottica, the world’s top maker of eyeglasses, slid on Thursday as analysts said investors have turned wary of AI glasses. The French-Italian company has […]
Europe’s top court rules against Lufthansa’s €6b Covid-era bailout approval
LUXEMBOURG, April 23 — The European Court of Justice has sided with rival airlines in a dispute over state aid to Lufthansa, confirming the annulment of a €6 billion (US$7 […]
Tesla eyes AI, robot future with US$25b spend as Q1 profits rise
NEW YORK, April 23 — Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence. Elon […]