Newsfeed – Business News
Petronas and Eni unveil Searah, SE Asia’s largest upstream JV, to boost Malaysia–Indonesia energy security
KUALA LUMPUR, June 8 — Malaysia’s national oil and gas company Petroliam Nasional Bhd (Petronas) and Italian oil company Eni have announced the formation of Searah, a 50:50 joint venture […]
Nvidia clinches deals with South Korean giants including SK Group to advance AI boom
Deals announced with SK Hynix, SK Telcom, Naver, Doosan, LG Group, Hyundai Motor SK Hynix multi-year tie-up will secure advanced memory supply Nvidia says SK Hynix partnerships have opportunities to […]
Opec+ raises July oil production quotas amid supply concerns
VIENNA, June 8 — Opec+ ministers decided yesterday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to […]
Bursa Malaysia opens lower amid cautious sentiment, tracks regional market weakness
KUALA LUMPUR, June 8 — Bursa Malaysia opened weaker today, tracking regional markets as sentiment remained cautious amid a fragile global economic environment. At 9.19am, the benchmark FTSE Bursa Malaysia […]
Astro announces Euan Smith’s departure as group CEO, Henry Tan to serve as interim
KUALA LUMPUR, June 8 — Astro Malaysia Holdings Bhd today said group chief executive officer Euan Smith has stepped down after six years with the company. Former chief executive Henry […]
Ringgit trades mixed after upbeat US jobs data lifts greenback
KUALA LUMPUR, June 8 — The ringgit traded mostly higher against major currencies but was easier against the US dollar in early trade today as the greenback strengthened following better-than-expected […]
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, […]