Newsfeed – Business News
Musk’s trillionaire crown lasts less than two weeks after SpaceX rout
NEW YORK, June 25 — Elon Musk has slipped below the US$1 trillion (RM4.2 trillion) net worth mark less than two weeks after becoming the world’s first trillionaire, as a […]
Ringgit extends gains at open on stronger FDI data ahead of key US inflation report
KUALA LUMPUR, June 25 — The ringgit opened firmer against the US dollar today, extending yesterday’s gains as investor sentiment improved after data showed Malaysia’s foreign direct investment (FDI) surged […]
Oil slides to lowest since Iran war as markets turn away from AI stocks
NEW YORK, June 25 — Oil prices retreated yesterday to their lowest levels since the start of US-Iran war while tech shares continued to show weakness on a mixed day […]
Can robotaxis survive London traffic? They’re about to find out
LONDON, June 25 — Bristling with sensors and electronic eyes, robotaxis are appearing on London’s streets, slipping silently between red buses and black cabs, as companies battle to lead Europe’s […]
Summer Davos has a warning: AI alone won’t save the global economy
DALIAN, June 24 — Breakthroughs in technologies such as AI are touted as drivers of economic growth, but headwinds include concerns over job losses and geopolitical tensions, speakers told AFP […]
Brent crude under US$75 for first time since start of Middle East war
LONDON, June 24 — The price of Brent North Sea crude, the international benchmark, extended losses today to trade under US$75 (RM310) a barrel for the first time since the […]
TikTok owner ByteDance launches paid tier for China’s most popular AI chatbot
BEIJING, June 24 — Chinese tech giant and TikTok creator ByteDance introduced paid subscriptions for the country’s most popular AI chatbot today, as it seeks to monetise its enormous user […]
Ringgit extends gains as strong FDI data lifts confidence
KUALA LUMPUR, June 24 — The ringgit extended its gains to close higher against the US dollar and other major currencies, as well as ASEAN peers, on Wednesday, supported by […]
Malaysia courts US firms with pitch for Johor-Singapore economic zone
SINGAPORE, June 24 — Malaysia is committed to fostering deeper engagement with American companies, particularly within the Johor-Singapore Special Economic Zone (JS-SEZ). Johor Economic, Tourism and Cultural Office (JETCO) Singapore’s […]
BNM fines AEON Credit RM520,000 over sanctions compliance breaches
KUALA LUMPUR, June 24 — AEON Credit Service (M) Bhd (AEON Credit) has been fined RM520,000 for failing to comply with requirements relating to targeted financial sanctions (TFS). In a […]