Newsfeed – Business News
Cigarette giant BAT goes on corporate diet to shed 20pc workforce weight, save £600m
LONDON, June 29 — British American Tobacco announced today sweeping job cuts as the cigarette maker axes 5,500 roles globally and outsources another 3,500 to help slash costs. The maker of […]
AI’s next bottleneck isn’t chips — it’s the weather
ZURICH, June 29 — The race to build more artificial intelligence data centres is running into an increasingly expensive obstacle: extreme weather. Record-breaking heatwaves, floods, wildfires and violent storms are […]
South Korea goes all in on AI with US$518b semiconductor push
SEOUL, June 29 — South Korea’s chip industry will see a record investment of more than half a trillion dollars as demand soars for the components that power artificial intelligence […]
Profit-taking pulls Bursa lower amid election, Middle East jitters
KUALA LUMPUR, June 29 — Bursa Malaysia ended the morning session lower as persistent profit-taking in selected heavyweight stocks, particularly the healthcare, financial and plantation counters, weighed on market sentiment. […]
China moves to curb dual-use exports, targets 20 Japanese institutions
BEIJING, June 29 — China added 20 Japanese entities, including the National Institute for Defense Studies, to a blacklist on Monday aiming to block the export of dual-use items, the […]
Lower oil gives ringgit a fresh lift at Monday market open
KUALA LUMPUR, June 29 — The ringgit was slightly higher against the US dollar on Monday as the domestic unit continues to be well-supported with lower crude oil prices. Bank […]
World Cup fever may inject up to RM2.1b into Malaysia’s F&B sector, economist says
KUALA LUMPUR, June 28 — Football fever during the FIFA World Cup 2026 could inject between RM1.2 billion and RM2.1 billion into Malaysia’s food and beverage (F&B) industry as fans […]
Ships crossing Hormuz use Oman passage despite Iran warnings
LONDON, June 27 — Traffic levels in the Strait of Hormuz fell back from Wednesday’s high, but vessels continued to use a non-Iranian-approved passage despite a ship being struck by […]
Ghost tickets: World Cup fans left flustered by last-minute StubHub ticket cancellations
NEW YORK, June 27 — Jeremy Wright knew exactly what he wanted to gift his wife, Sarah, for Christmas last year: tickets to a World Cup soccer game. Wright used […]
Ringgit to trade within RM4.09-RM4.11 next week ahead of key economic data releases
KUALA LUMPUR, June 27 — The ringgit is expected to trade within the RM4.09 to RM4.11 range next week as investors await key economic data releases. Bank Muamalat Malaysia Bhd […]