Business
Back to homepage
Football vs Wall Street: Inside the fight for the World Cup’s soul
LONDON, Aug 9 — What does artificial intelligence (AI) have to do with the World Cup? Quite a lot, according to the tech investors who were prepared to put billions of dollars into Fifa’s proposed private investment vehicle before fierce
Read More
Proton e.MAS hits 30,000 registrations as Malaysia’s EV push gathers pace
SUBANG JAYA, Aug 7 — Proton e.MAS says it has become the fastest automotive brand in Malaysia to surpass 30,000 electrified vehicle (xEV) registrations, reaching 31,504 units just 20 months after launching its first model. The company said 30,293 of
Read More
China’s trade machine roars back in July as AI demand lifts exports
BEIJING, Aug 7 — Chinese exports and imports soared in July, official data showed Friday, as the manufacturing powerhouse benefits from a global AI boom lifting overseas demand for its tech products. Exports climbed 23.9 per cent year-on-year last month,
Read More
Oil rally resumes as Hormuz uncertainty weighs on global markets
NEW YORK, Aug 7 — Oil prices barreled higher again Thursday, extending their volatile run, while global stock markets had a mixed day ahead of key US employment data. With traders awaiting developments surrounding the Strait of Hormuz, the main
Read More
Bursa Malaysia closes lower as investors take profit after market rebound
KUALA LUMPUR, Aug 6 — Bursa Malaysia closed lower as investors took profits following the recent rebound, with telecommunications and industrial stocks leading the decline, said an analyst. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.02 points
Read More
Disney beats profit forecasts as theme parks keep visitors coming
NEW YORK, Aug 6 — Disney reported better-than-expected profits Wednesday, citing a strong performance in its theme park business amid lingering worries about macroeconomic weakness. The entertainment giant’s third-quarter profits came in at US$2.6 billion (RM10.61 billion), about half the
Read More
TikTok users to gain legal access to Disney movie extracts in new pact
PARIS, Aug 5 — The Walt Disney Co. said Wednesday that it had signed a deal with TikTok allowing users of the hugely popular video platform to add extracts of Disney films and characters, in what it billed a “first-of-its-kind
Read More
Ringgit edges up as weak US economic data weighs on dollar
KUALA LUMPUR, Aug 5 — Ringgit opened slightly higher against the US dollar today, supported by weaker-than-expected US economic data that weighed on the greenback. At 8 am, the local currency edged up to 4.0940/0995 against the greenback from yesterday’s close
Read More
SpaceX revenue jumps 92pc after IPO but shares fall on investor doubts
SAN FRANCISCO, Aug 5 — SpaceX’s revenue jumped 92 pe rcent in the second quarter, beating analyst expectations by around US$1 billion in its first post-IPO earnings report, but shares tumbled as investors remained skeptical about the company’s ability to deliver
Read More
Oil giant Aramco’s profits soar 44pc as war boosts prices
RIYADH, Aug 4 — Oil giant Saudi Aramco reported a 44 per cent surge in net profits today after the Middle East war sent energy prices soaring. Aramco, the world’s biggest oil exporter and engine of the Saudi economy, is
Read More