Newsfeed – Business News
Americans can now use PayPal in China after Tencent integrates it with WeChat Pay network
BEIJING, May 27 — US PayPal users can now make purchases across China using WeChat Pay’s QR-code merchant network, Tencent Financial Technology said today, adding the service will be rolled […]
Geely-owned Volvo wins US approval to continue selling ‘connected’ vehicles
WASHINGTON, May 27 — Volvo Cars, majority owned by China’s Geely Holding, said today it received approval from the US government allowing it to continue selling vehicles. In January 2025, […]
Viral shepherd job ad exposes China’s brutal work culture and job anxiety
BEIJING, May 27 — Chinese farm owner Zuo Xiaoyong was stunned to see his job ad for shepherds to work in the remote and rugged grasslands south of Mongolia becoming […]
‘Business as usual’: Hanoi’s counterfeit sellers shrug off Vietnam crackdown and US scrutiny
HANOI, May 27 — At a sprawling bazaar on the outskirts of Vietnam’s capital, the trade in counterfeit goods is bustling despite government crackdowns and the threat of US tariffs […]
In China, German minister says economic relationship requires cooperation, competition
BERLIN, May 27 — German Economy Minister Katherina Reiche today in Beijing said a modern economic relationship requires both cooperation and competition. “Competition makes us stronger, cooperation creates stability and […]
‘Tank Day’ backlash wipes RM22m off Starbucks Korea weekly sales
SEOUL, May 27 — Starbucks Korea’s sales have taken a sharp hit after backlash over a promotional campaign accused of mocking one of South Korea’s darkest chapters in modern history, […]
Traders watch nervously as yen nears key 160 level against US dollar
TOKYO, May 27 — The yen hovered close to its May low versus the US dollar today, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed […]
Jensen Huang says Nvidia will pour US$150b a year into Taiwan, the ‘epicentre of the AI revolution’
TAIPEI, May 27 — Nvidia will increase investment in Taiwan to US$150 billion (RM600 billion) a year, the US chip giant’s boss said today, describing the export-driven island as the […]
Paramount’s US$110b Warner Bros takeover appears to clear major US hurdle
WASHINGTON, May 27 — US antitrust regulators appear ready to approve Paramount’s US$110 billion (RM440 billion) takeover of Warner Bros. Discovery, after a two-hour meeting at the Justice Department, Semafor […]
Nvidia supplier SK hynix becomes Asia’s latest US$1t tech giant
SEOUL, May 27 — The market value of South Korean memory chip maker SK hynix soared past US$1 trillion (RM4 trillion) today thanks to frenzied global demand for the computing […]