Newsfeed – Business News
Trade groups call on US govt to expand chipmaking over strain from AI boom
WASHINGTON, June 4 — A memory chip shortage driven by artificial intelligence demand is posing risks to sectors like consumer electronics and automobiles, trade groups warned yesterday, as they called […]
Australia PM says he is in ‘ideological disagreement’ with US over new tariffs
SYDNEY, June 4 — Australia’s prime minister said today there was “ideological disagreement” over tariffs with the United States, which has proposed a new levy on the country’s goods. Washington […]
Ringgit edges up as US tariff concerns outweigh upbeat economic data
KUALA LUMPUR, June 4 — The ringgit was traded slightly firmer against the US dollar at the opening today, as soft sentiment towards the greenback outweighed better-than-expected key United States […]
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 […]