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AI bosses walk back mass unemployment fears as public backlash grows
WASHINGTON, May 28 — The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI’s promised […]
IJM Corp profit falls to RM3.24m in FY2026 despite higher revenue growth
KUALA LUMPUR, May 28 — IJM Corporation Bhd’s net profit dipped to RM3.24 million for the financial year ended March 31, 2026 (FY2026), from RM403.37 million in the corresponding period […]
Yoga pants giant Lululemon’s new CEO inherits US$1.8b war chest to revive brand after bitter feud
Incoming CEO Heidi O’Neill inherits $1.8 billion cash for potential brand turnaround Analysts say Lululemon must regain North American shoppers and expand overseas Investors cautious as leadership transition delays major […]
IOI Properties profit jumps over four times to RM1.95b on stronger sales and Singapore expansion
KUALA LUMPUR, May 28 — IOI Properties Group Bhd’s net profit surged more than fourfold to RM1.95 billion for the first nine months of FY2026, driven largely by fair value […]
Putrajaya demands investigation into Malaysians detained by Israel in Gaza flotilla mission, insists rights and dignity be protected
KUALA LUMPUR, May 28 — The Madani Government remains firm and will not compromise on protecting the safety, welfare and rights of Malaysians abroad, in line with international legal principles […]
China skips sending defence minister to key Asia security summit for second straight year
BEIJING, May 28 — China said today it will send a delegation of experts and scholars from its army’s study institutions to attend Asia’s premier security forum in Singapore. The […]
More Americans going hungry than at height of Covid-19 pandemic, says New York Fed
WASHINGTON, May 28 — More Americans are suffering from hunger this year than during the height of the Covid-19 pandemic, the Federal Reserve Bank of New York said Wednesday. A […]
Geopolitical jitters in West Asia push ringgit lower against US dollar at close
KUALA LUMPUR, May 28 — The ringgit closed lower against the US dollar on Thursday as escalating geopolitical tensions in West Asia increased demand for the greenback amid heightened risk […]
Temu hit with €200m EU fine for failing to tackle illegal and unsafe products
BRUSSELS, May 28 — The European Union (EU) has imposed a fine of €200 million (US$232 million) on the Chinese e-commerce giant Temu for offering illegal products on its platform, […]
Putrajaya and Selangor must act fast to ‘lock in’ proposed PJ public hospital, says Kampung Tunku rep
KUALA LUMPUR, May 28 — Kampung Tunku assemblyman Lim Yi Wei today urged Putrajaya and the Selangor government to move quickly on plans for a new public hospital in Petaling […]