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‘One-time opportunity’: Why South Korea is betting big on the AI chip boom
SEOUL, June 29 — Huge demand for the components that power artificial intelligence presents South Korea with an opportunity to bolster its chip industry against rivals such as China, analysts say. Seoul announced today massive investments, including for new semiconductor
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Cigarette giant BAT goes on corporate diet to shed 20pc workforce weight, save £600m
LONDON, June 29 — British American Tobacco announced sweeping global job cuts on Monday, saying it will eliminate 5,500 positions and outsource a further 3,500 roles as part of a wide cost-cutting overhaul. The maker of Lucky Strike and Dunhill
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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 emerging as major risks to the facilities powering AI, raising
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New IIA Malaysia, BAC partnership aims to grow country’s internal audit talent pool
KUALA LUMPUR, June 29 — The Institute of Internal Auditors Malaysia (IIA Malaysia) and BAC Education Group have signed a Memorandum of Understanding to strengthen the country’s internal audit talent pipeline amid concerns over skills shortages in key professional fields.
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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 commerce ministry said. “For the purpose of safeguarding national security
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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 flock to “mamak” outlets, cafes, and restaurants to catch live
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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 a projectile, tracking platforms showed Friday. At least 42 commodity
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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 US resale platform StubHub and snagged two tickets to watch
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Saudi Aramco resumes Gulf oil exports after nearly four-month halt
SINGAPORE, June 26 — Saudi Aramco resumed crude loadings on today at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data showed, as the world’s biggest oil exporter joined a rush to move cargoes amid industry
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Samsung plans US$648b South Korea investment over decade to power AI chip boom
SEOUL, June 26 — Samsung Group will pledge on Monday 1,000 trillion won (US$648 billion) in South Korea over the next decade, a media report said, in a sweeping effort to turn a global AI-driven chip boom into a nationwide growth
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