Newsfeed – Business News
Cook says Apple facing ‘hundred‑year flood’ in AI‑driven chip prices, warns of product hikes
SAN FRANCISCO, June 18 — Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices […]
Bursa Malaysia rises at open on buying in heavyweights despite Wall Street slide
KUALA LUMPUR, June 18 — Bursa Malaysia opened higher today, underpinned by buying in selected heavyweight stocks despite weaker overnight performance on Wall Street. At 9.25 am, the FTSE Bursa […]
Beijing ramps up efforts to take yuan global
China to promote offshore yuan business in Shanghai China improves mechanism to manage money market liquidity China creates yuan liquidity tool for foreign monetary authorities China to issue fresh quota […]
Hackers seeks private buyers for Novo Nordisk data after US$25m ransom fails
FulcrumSec says it is exploring selling parts of the data It says data includes proprietary information on drugs Other data includes source code, AI model information Novo Nordisk disclosed a […]
DeepSeek valued at over US$50b as Tencent, JD.com join funding round, say reports
BEIJING, June 17 — Investors have valued Chinese artificial intelligence startup DeepSeek at more than US$50 billion (RM203 billion) in the company’s first fundraising round, reports said. The firm released […]
Oil slides, stocks rise as US-Iran peace talks and Fed decision loom
HONG KONG, June 17 — Oil prices extended losses Wednesday and most equity markets rose, fuelled by the US-Iran deal, with attention now on peace talks and the reopening of […]
Shein out at BHV as Paris retailer changes hands and charts new course
PARIS, June 17 — French department store BHV and online fast-fashion retailer Shein have ended their partnership, just seven months after the opening of a permanent Shein shop in the […]
Fujitsu chairman quits over ‘woman-related inappropriate conduct’ scandal
TOKYO, June 17 — Fujitsu’s chairman has stepped down over “woman-related inappropriate conduct”, the Japanese computing systems firm told AFP on Wednesday. Hidenori Furuta’s departure, effective Tuesday, came after the […]
Asian markets cautious as investors eye US-Iran deal fallout and Fed rate verdict
HONG KONG, June 17 — Asian investors trod water Wednesday after a breathtaking start to the week fuelled by the US-Iran deal, with attention now on peace talks and the […]
From Australia to London or New York in one hit: Qantas set to unveil Project Sunrise route
TOULOUSE, June 17 — Qantas Airways is set on Wednesday to unveil the first destination for the world’s longest non-stop flights from eastern Australia to London or New York, tackling […]