Business
Back to homepage
Perodua cuts service and parts prices by up to 10pc across all models, including EV
KUALA LUMPUR, June 18 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is reducing the price of its service maintenance parts, including labour, by up to 10 per cent, beginning June 19. The carmaker said the initiative is in line with
Read More
Trump says Apple teaming with Intel on US‑made chips as Washington pushes supply‑chain security
WASHINGTON, June 18 — US President Donald Trump said in a Truth Social post today that Apple has agreed to work with Intel to design and manufacture its chips in the United States. A partnership with Intel helps Apple diversify
Read More
Cook says Apple facing ‘hundred‑year flood’ in AI‑driven chip prices, warns of product hikes
SAN FRANCISCO, June 18 — Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with the Wall Street
Read More
DeepSeek valued at over US$50b as Tencent, JD.com join funding round, say reports
BEIJING, June 17 — Investors have valued Chinese artificial intelligence startup DeepSeek at more than US$50 billion (RM203 billion) in the company’s first fundraising round, reports said. The firm released its latest AI model in April, having stunned the world
Read More
Shein out at BHV as Paris retailer changes hands and charts new course
PARIS, June 17 — French department store BHV and online fast-fashion retailer Shein have ended their partnership, just seven months after the opening of a permanent Shein shop in the Paris department store triggered controversy and widespread criticism. Société des
Read More
Fujitsu chairman quits over ‘woman-related inappropriate conduct’ scandal
TOKYO, June 17 — Fujitsu’s chairman has stepped down over “woman-related inappropriate conduct”, the Japanese computing systems firm told AFP on Wednesday. Hidenori Furuta’s departure, effective Tuesday, came after the company became aware of the issue this month, a spokesman
Read More
BMW slashes 2026 outlook as West Asia war shock and China slump batter profits
FRANKFURT, June 17 — German carmaker BMW downgraded its 2026 targets Tuesday due to turmoil from the Middle East war and worsening business in key market China, and vowed to step up cost-cutting efforts. It is the latest bad news
Read More
IMF chief hails US‑Iran ceasefire in Washington but warns energy recovery will take time
WASHINGTON, June 16 — The International Monetary Fund chief on Monday welcomed the ceasefire agreement between the United States and Iran, but warned it would take time for energy and other supply disruptions to dissipate. “As we have said before,
Read More
Demand explodes as SpaceX IPO tops US$85b, Musk’s valuation leaps into science‑fiction territory
NEW YORK, June 16 — SpaceX shares shot higher Monday as the company said it raised a record-breaking US$85.7 billion. The completed sale cements SpaceX’s stellar debut on Wall Street, eclipsing the previous largest IPOs and helping make Musk the
Read More
G7 Summit 2026: What is it, who’s attending, and why does Evian-les-Bains matter?
EVIAN-LES-BAINS, June 15 — The Group of Seven wealthy nations will meet on Monday in the French lakeside resort of Evian-les-Bains to discuss wars in Ukraine and Iran, global economic imbalances that threaten financial stability, and the irrepressible rise of
Read More