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Ringgit strengthens against US dollar as UAE shocks markets by quitting Opec
KUALA LUMPUR, April 29 — The ringgit strengthened against the US dollar but was mixed against other currencies in early trade today, amid cautious sentiment over oil price volatility and developments in the Strait of Hormuz, an analyst said. At
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OpenAI soap opera plays out in court as Musk accuses ‘Scam Altman’ of ‘looting charities’
OAKLAND, April 29 — Billionaire Elon Musk took the stand Tuesday to accuse OpenAI and its boss Sam Altman of betraying the AI company’s altruistic origins, in a trial that could have far-reaching consequences for the industry and oblige the
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Oil surges past US$110, global markets shaken as Trump snubs latest Iran proposal
SINGAPORE, April 28 — Stocks held their ground and oil rose on Tuesday as investors weighed the stalemate in the Iran conflict, while the yen was steady after a hawkish split at the Bank of Japan underlined fears over the
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Malaysia ringgit still treading water against US dollar but gains on baht, yen
KUALA LUMPUR, April 28 — The ringgit traded mostly higher against other major and Asian currencies in early trade today amid cautious sentiment in the currency market. The domestic unit, however, was little changed against the US dollar as investors
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Australia to charge Meta, Google and TikTok if they refuse to pay local news outlets
SYDNEY, April 28 — Australia unveiled draft laws on Tuesday that will charge tech giants Meta, Google and TikTok unless they voluntarily strike deals to pay local outlets for news. “Platforms who elect not to do commercial deals with news
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Adidas shares rise as Sawe breaks sub-two-hour marathon record
LONDON, April 27 — German sportswear maker Adidas’ shares rose today after Kenya’s Sabastian Sawe became the first person to run a marathon in under two hours in an official race, accomplishing his feat wearing the brand’s Adizero Adios Pro
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China blocks Meta’s acquisition of AI firm Manus
BEJING, April 27 — China has blocked Meta’s acquisition of AI startup Manus, the top economic planning body said today, after a regulatory review that reportedly also saw Beijing restrict two co-founders from leaving the country. Facebook owner Meta had
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China’s Star 50 hits three-month high amid semiconductor surge, Hong Kong tech index jumps 1.3pc
HONG KONG, April 27 — China and Hong Kong stocks edged higher on Monday, led by technology shares, as data showing solid industrial profit growth and renewed AI enthusiasm lifted sentiment. At the midday break, the Shanghai Composite index was
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India plugs oil gap as Middle East supplies sink
MUMBAI, April 26 — India has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela to blunt a sharp crude shortfall from the crisis-ridden Middle East, analysts say. India, the world’s third-largest oil buyer,
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Powell’s final meeting likely to extend pause, focus shifts to inflation containment
WASHINGTON, April 26 — The US central bank is widely expected to keep interest rates unchanged at its policy meeting next week, as energy prices stay high and supply chains snarled due to war in the Middle East. The Federal
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