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IATA summit to tackle fuel shock, detours and delivery delays facing global airlines amid Iran war
RIO DE JANEIRO, June 4 — Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry’s biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing flight
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Australia PM says he is in ‘ideological disagreement’ with US over new tariffs
SYDNEY, June 4 — Australia’s prime minister said today there was “ideological disagreement” over tariffs with the United States, which has proposed a new levy on the country’s goods. Washington this week proposed new duties targeting 60 economies for alleged
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Trade groups call on US govt to expand chipmaking over strain from AI boom
WASHINGTON, June 4 — A memory chip shortage driven by artificial intelligence demand is posing risks to sectors like consumer electronics and automobiles, trade groups warned yesterday, as they called on the Trump administration to help boost supplies. “Expanding artificial
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Japan backs US$19b package to cushion Iran war impact on households
TOKYO, June 3 — Prime Minister Sanae Takaichi’s government backed on Wednesday US$19 billion (RM75.65 billion) in additional spending to help Japanese households struggling with soaring everyday costs driven by the Iran war. The budget could reportedly be passed as
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Oil prices rise on Iran peace jitters as tech rally lifts global stocks
HONG KONG, June 3 — Oil prices extended gains Wednesday as Middle East peace talks stuttered, though stocks mostly rose on the back of continued demand for all things linked to artificial intelligence. Despite Donald Trump’s assurances that the United
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Former Thai PM Thaksin to be granted full release under royal pardon
BANGKOK, June 3 — Former Thai prime minister Thaksin Shinawatra is set to be fully discharged from his sentence under a royal pardon granted in conjunction with the occasion of Queen Suthida’s birthday on Wednesday (June 3). Thai Justice Minister
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Azalina urges Johor BN to field young, new faces to pull in youth votes
KOTA TINGGI, June 2 — Barisan Nasional (BN) component parties should consider fielding young and new faces as candidates in the upcoming Johor state election, particularly in constituencies with a high percentage of young voters, Umno Information Chief Datuk Seri
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Anthropic files for IPO as AI boom fuels race for billions in fresh funding
SAN FRANCISO, June 2 — AI giant Anthropic, the maker of the Claude chatbot, announced yesterday that it had filed confidentially for an initial public offering (IPO), as Silicon Valley AI companies look to raise the enormous sums needed to
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Google parent Alphabet launches US$80b fundraising drive to boost AI infrastructure
SAN FRANCISCO, June 2 — Google parent Alphabet announced yesterday it plans to raise up to US$80 billion in stock to fund a major expansion of its artificial intelligence (AI) infrastructure, with Warren Buffett’s Berkshire Hathaway committing US$10 billion as
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Oil prices climb as US reportedly hardens stance in Iran peace talks
TOKYO, June 1 — Oil prices rose as markets reopened today following weekend reports that the United States had hardened its negotiating terms with Iran to end the Middle East war. US benchmark West Texas Intermediate gained 2.5 per cent to
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