Newsfeed – Business News
Malaysia’s logistics crunch is a ‘ticking time bomb’, shipping chief warns
KUALA LUMPUR, Aug 26 — Malaysia needs to address the lack of investment across its shipping and logistics ecosystem as gateway cargo grows while capacity in supporting industries shrinks, said […]
Could Anthropic pull off the biggest IPO ever? Five things you need to know
SAN FRANCISCO, Aug 26 — Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX’s record […]
Bursa Malaysia gains at open but earnings season keeps investors on guard
KUALA LUMPUR, Aug 26 — Bursa Malaysia opened higher on Wednesday, supported by resilient domestic fundamentals, although cautious sentiment amid the ongoing earnings season might cap gains. At 9.05 am, […]
Google-backed Waymo brings driverless taxis to Germany’s automotive heartland
FRANKFURT, Aug 26 — Self-driving car company Waymo said yesterday it will launch its robotaxis in the German city of Munich next year, marking the US group’s first foray into […]
Trade war erupts: Canada slaps 15–50pc tariffs on US goods in revenge for Trump duties
OTTAWA, Aug 26 — Canada yesterday announced counter-tariffs on US goods ranging between 15 and 50 per cent, intensifying the trade war between the historically close allies. Ottawa’s retaliation will […]
‘Don’t balance your books with our jobs’: Furious Volkswagen workers jeer boss over cuts in Germany
FRANKFURT, Aug 26 — The boss of German carmaker Volkswagen warned workers yesterday to brace for more job losses, earning boos and jeers from the crowd, as the crisis-hit company […]
Ringgit starts Wednesday stronger with all eyes on Fed chief’s Jackson Hole speech
KUALA LUMPUR, Aug 26 — The ringgit opened higher against the US dollar on Wednesday, supported by a softer greenback and easing US Treasury yields, said an analyst. At 8.04 […]
Oil prices sink for second day as Washington swaps Iran war threat for ‘economic D-Day’
NEW YORK, Aug 26 — Oil prices fell for a second day yesterday as traders judged the risk of renewed military strikes on Iran to have receded, after the United […]
Saudi Arabia signs US7b deal with France for three Paris theme parks, one manga-themed
PARIS, Aug 25 — France and Saudi Arabia yesterday signed a memorandum of understanding for a six-billion-euro (US$7-billion) Saudi investment to create three theme parks near Paris, including one […]
What to know about Chinese‑founded fast‑fashion giant Shein as it prepares Hong Kong IPO
BEIJING, Aug 24 — Shein, the Chinese-founded retailer that harnessed social media to chart a meteoric rise in the global fast-fashion industry, will debut on the Hong Kong stock exchange […]