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China fines e-commerce giants RM2b over ‘ghost’ food deliveries
BEIJING, April 17 — China has issued fines totalling 3.6 billion yuan (RM2.08 billion) to seven major e-commerce platforms for food safety violations, the State Administration for Market Regulation (SAMR) said on Friday. The regulator said platforms, including Alibaba-owned Taobao,
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Low inflation helps Malaysia weather energy supply shock, says BNM governor
KUALA LUMPUR, April 17 — Malaysia’s relatively low inflation environment is expected to help the country weather the current energy supply shock, even as global oil prices are projected to remain higher for longer amid the ongoing war in West
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Netflix shares tumble as Reed Hastings prepares to step down as chairman
SAN FRANCISCO, April 17 — Netflix shares plummeted more than eight per cent yesterday as the TV streaming titan reported quarterly revenue of US$12.25 billion, a result that slightly topped expectations. An earnings letter to investors came with word that
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IMF flags ‘very severe’ global economic risks from Iran conflict, warns of rising costs
WASHINGTON, April 17 — IMF economists warned yesterday that the war in Iran could have “very, certainly severe” consequences far outside the region – especially for energy-importing countries. Countries in East Asia and Sub-Saharan Africa are among the countries most
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Kering CEO aims to double profit margins and revive Gucci in sweeping overhaul
FLORENCE, April 16 — Kering CEO Luca de Meo pledged to more than double the luxury group’s operating profit margin and boost the appeal of its flagship brand Gucci as he sought to reassure investors unnerved by economic uncertainty and
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EU wants Google to share search data with third‑party engines, including AI chatbots
BRUSSELS, April 16 — The European Commission has proposed that Google allow third-party search engines to access its search data, including that of artificial intelligence chatbots with search functionalities, to comply with the Digital Markets Act, the commission said today.
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Renault aims for seven models and 5pc India market share by 2030, says CEO
NEW DELHI, April 16 — French automaker Renault will have seven models in India by 2030, including battery electric vehicles, as it steps up its product push in the world’s third-largest auto market, its global CEO Francois Provost said today.
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Ringgit firms against US dollar ahead of Malaysia’s 1Q GDP data
KUALA LUMPUR, April 16 — The ringgit rebounded to close higher against the US dollar ahead of the release of Malaysia’s advance gross domestic product (GDP) estimates for the first quarter of 2026 (1Q 2026), due tomorrow. At 6 pm
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Bursa Malaysia rebounds on hopes of easing US–Iran tensions
KUALA LUMPUR, April 16 — Bursa Malaysia rebounded from early losses to close higher today supported by a more stable global backdrop amid rising hopes of an easing in United States-Iran tensions following renewed talks. At 5 pm, the FTSE
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IMF warns of tough global economic times ahead if Middle East war drives oil prices higher
WASHINGTON, April 16 — IMF chief Kristalina Georgieva warned yesterday of difficult times ahead for the global economy if war in the Middle East is unresolved and oil prices stay high, adding that inflation risks could seep into food prices.
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