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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
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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
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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
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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
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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,
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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
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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
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Trump threatens 100pc tariff on French wine over digital tax on US tech giants as G7 meets, NY Post reports
WASHINGTON, June 15 — President Donald Trump today warned that the US will “have no choice” but to apply 100 per cent tariffs on French wine unless Paris eliminates its digital tax on American tech giants. Trump said he delivered
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Ringgit strengthens against dollar as US–Iran peace deal boosts risk sentiment
KUALA LUMPUR, June 15 — The ringgit closed higher against the US dollar today as risk sentiment improved on news that the United States and Iran will sign a peace deal on Friday. At 6 pm, the local note rose
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When time turns to bullion: Gold rush reshapes second-hand luxury watch market
LONDON, June 13 — Omega’s Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury and glamour. But with gold prices near
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