Newsfeed – Business News
German car plants at half‑speed look to Beijing or battlefields for fresh funding
FRANKFURT, June 8 — Germany’s beleaguered carmakers are desperately seeking solutions for their under-used factories, with speculation swirling that Chinese manufacturers or weapons makers could move in. Across Europe, carmakers […]
Luxury industry pivots to high-end experiences to recover lost exclusivity
PARIS, June 7 — Faced with a painful slowdown in recent years, the luxury sector is seeking to recover its mojo by juggling a back-to-basics approach with finding new ways […]
Dubai’s five‑star hotels slash rates, relying on residents’ staycations as war empties rooms
DUBAI, June 7 — Once reserved for wealthy travellers, Dubai’s top-notch hotels have become almost exclusively reliant on residents, drawn in by dizzying staycation offers as war drives tourists away. […]
OpenAI plans biggest ChatGPT overhaul yet as it eyes ‘superapp’ ahead of potential IPO
KUALA LUMPUR, June 7 — OpenAI is preparing a major redesign of ChatGPT aimed at turning the platform into a “superapp” with stronger coding features, AI agents and partner services, […]
As Opec+ meets, Iran war hobbles power to shape oil market
LONDON, June 7 — Opec+ ministers meet today to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf […]
World Cup 2026 set to pump US$41b into global GDP, lifting hotels, airlines and retail
PARIS, June 6 — The 2026 Fifa World Cup will inject billions of dollars into host economies, driven by a massive consumption surge that will benefit sectors as varied as […]
Record profit hopes fade as war and jet shortages cloud airline outlook
RIO DE JANEIRO, June 6 — Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the […]
Kuwait to get counter-drone tech from Trump-linked Anduril in US$1.98b deal after drone strike on airport
WASHINGTON, June 6 — The United States announced Friday its approval of a US$1.98 billion (RM7.98 billion) arms sale to Kuwait, one of the Gulf countries hit by Iranian strikes […]
‘The slowdown is no longer isolated’: Global air travel demand falls for first time since Covid
PARIS, June 6 — Airline executives descend on Rio this weekend to weigh the prospects for an industry grappling with geopolitical turbulence, soaring fuel costs and travellers wary of chasing […]
Bitcoin plunges below US$60,000 for first time since October 2024 as Strategy offloads its share
WASHINGTON, June 6 — Bitcoin dropped below US$60,000 (RM241,800) on Friday, its lowest level since October 2024, just before Donald Trump’s election, which propelled it to a record high. The […]