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Ringgit slips as markets weigh US ‘economic D‑Day’ threat and Jackson Hole risks
KUALA LUMPUR, Aug 24 — The ringgit ended lower against the greenback today as the threat of an “economic D-Day” on Iran, policy risks ahead of the Jackson Hole symposium and continued instability in the US Treasury market spurred caution.
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Millions of Teslas recalled in China over door‑handle hazard and steering‑assist issues
BEIJING, Aug 24 — Tesla is recalling nearly three million cars in China with interior door handles that could hamper a person’s ability to exit their vehicle in an emergency, Beijing’s national market watchdog said. Eight Chinese carmakers also filed
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Shein sets September 1 Hong Kong debut at up to US$27b valuation
HONG KONG, Aug 24 — Shein will debut on the Hong Kong stock exchange on September 1, the fast-fashion retailer said today, in a long-awaited listing that would value the group at close to US$27 billion. The online retailer plans
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Alibaba doubles down on AI with HK$80b share sale plan
HONG KONG, Aug 23 — Chinese tech giant Alibaba said today that it plans to issue HK$80 billion (RM41.2 billion) in new shares in Hong Kong to fund its global artificial intelligence ambitions. The Hangzhou-based firm has been ploughing tens
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Tesla gears up to launch Cybercab ‘robotaxi’ with no steering wheel or pedals
NEW YORK, Aug 23 — Electric vehicle-maker Tesla is teasing the upcoming debut of its self-driving robotaxi, dubbed “Cybercab,” to compete with the likes of Uber and Waymo. The Elon Musk-founded company shared a promotional image on social media late
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Trump waives beef tariffs for 90 days to bring down US food prices
ISTANBUL, Aug 22 — US President Donald Trump on Friday announced a 90-day waiver of out-of-quota tariffs on ground beef imports, allowing up to 300,000 tonnes of foreign beef into the country, Anadolu Ajansi reported. “As we work to rebuild
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TikTok to pay US$400m to settle US kids’ data privacy suit
SAN FRANCISCO, Aug 22 — TikTok has agreed to pay US$400 million (RM1.57 billion) to settle a lawsuit with the US Department of Justice over claims that the video-sharing platform violated federal children’s privacy laws, the department announced on Friday. Regulators
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Global shipping gridlock looms as Panama Canal slashes transits amid worst El Nino drought
PANAMA CITY, Aug 21 — The Panama Canal will cut the number of ships passing through it starting next month because of drought caused by the El Nino phenomenon, the operator of the strategic waterway linking the Atlantic and Pacific
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US Supreme Court said no to Trump’s tariffs, and now German companies are getting refunds in hundreds of millions
BERLIN, Aug 21 — German companies have recouped hundreds of millions of euros in overpaid tariffs following February’s landmark US Supreme Court ruling, German Press Agency (dpa) reported on Friday, citing Wirtschaftswoche business magazine. Listed German companies received refunds totalling
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Bursa Malaysia ends little changed as bond yields, geopolitical tensions weigh on sentiment
KUALA LUMPUR, Aug 21 — Bursa Malaysia ended little changed on Friday, as investors remained cautious amid renewed pressure on global bond yields and geopolitical tensions, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.23
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