Newsfeed – Business News
Barclays to axe 5,000 jobs amid push to boost efficiency with AI
LONDON, Oct 22 — British bank Barclays on Thursday announced plans to cut around 5,000 jobs, or roughly five per cent of its global workforce, as it leans on artificial […]
Budget carrier ZIPAIR launches direct Narita-KL flights with Boeing 787 Dreamliners
KUALA LUMPUR, Oct 21 — Japanese budget carrier ZIPAIR has touched down at Kuala Lumpur International Airport (KLIA), inaugurating a daily direct service from Tokyo Narita that injects over 2,000 […]
Malaysia could fuel new revenue as regional marine-fuel hub, says industry expert
KUALA LUMPUR, Oct 22 — Malaysia could generate new sources of revenue by developing its marine-fuel industry and positioning itself as a regional hub for blending, storing and supplying fuel […]
Hong Kong stocks dive more than 3pc in tech rout
HONG KONG, Oct 22 — Hong Kong stocks tumbled more than three per cent Thursday as tech firms joined an Asia-wide selloff fuelled by growing worries about the AI investment […]
CIMB denies plans on privatising Indonesian unit CIMB Niaga
KUALA LUMPUR, Oct 22 — CIMB Group Holdings Bhd today denied plans to privatise its Indonesian banking subsidiary, PT Bank CIMB Niaga Tbk. In a statement, the group said it […]
Westports shares rise as nine-month net profit tops RM1b
KUALA LUMPUR, Oct 22 — Shares in Westports Holdings Bhd rose in early trading today after the port operator’s financial results for the first nine months of the financial year […]
Bursa Malaysia edges higher in cautious early trade
KUALA LUMPUR, Oct 22 — Trading in Bursa Malaysia was muted in the early trade on Thursday as investors stayed on the sidelines amid a lack of catalysts. At 9.15am, […]
eBay to cut 1,000 jobs, or 9pc of workforce, after earlier layoffs
NEW YORK, Oct 22 — US e-commerce platform eBay will cut some 1,000 jobs, or about nine per cent of its workforce, a spokesperson told AFP on Wednesday, following an […]
Meta offers Zuckerberg share deal to stay in California as billionaire tax vote looms
SAN FRANCISCO, Oct 22 — Meta CEO Mark Zuckerberg will get a new chunk of shares in the company he founded, and in return, he has agreed to stay in […]
Meta revenue beats forecasts but legal charges weigh on profit
SAN FRANCISCO, Oct 22 — Meta beat investor expectations for third-quarter revenue on Wednesday as it doubles down on a global AI race but the social media giant’s profits took […]