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Meta AI glasses hype fades as Ray-Ban maker shares slip
PARIS, April 23 — Shares in EssilorLuxottica, the world’s top maker of eyeglasses, slid on Thursday as analysts said investors have turned wary of AI glasses. The French-Italian company has pushed hard into wearable tech and has a tie-up with
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Tesla eyes AI, robot future with US$25b spend as Q1 profits rise
NEW YORK, April 23 — Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence. Elon Musk’s electric vehicle company reported profits of US$477 million (RM1.89
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‘American customers have vanished’: China exporters feel pain of US trade war
GUANGZHOU, April 23 — Labourers sweated as they wheeled bags of clothes, shoes and accessories to a sprawling wholesale market in southern China, where shop owners hoped an upcoming visit by Donald Trump would see an easing of tariffs hitting
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AI frenzy lifts Nvidia supplier SK hynix past expectations, profits soar 400pc
SEOUL, April 23 — Chip giant SK hynix logged a record quarterly net profit on Thursday thanks to the artificial intelligence boom, shrugging off concerns that the Middle East war could drag on the semiconductor industry. Huge investments from governments
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Crude surges past US$100 as Hormuz standoff drags on
TOKYO April 23 — Oil prices jumped 4 per cent Thursday after Iran vowed not to reopen the Strait of Hormuz so long as a US naval blockade remained in place despite a ceasefire extension. At around 0025 GMT, the
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Chinese automakers winning ground in Europe’s car market
PARIS, April 22 — Chinese carmakers have quickly built up their presence in the lucrative European auto market, buoyed by technological advances their competitors are trying to copy, and analysts say their next step is to begin producing locally. Largely
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EPF sells one million Sunway Healthcare shares, cuts stake to 4.99pc
KUALA LUMPUR, April 21 — The Employees Provident Fund (EPF) has reportedly sold one million shares in Sunway Healthcare Holdings Bhd, losing its status as a substantial shareholder in the latter. According to a report in New Straits Times, EPF’s holding now stands
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Ringgit stays flat as Trump extends US-Iran ceasefire talks
KUALA LUMPUR, April 22 — The ringgit opened almost flat against the US dollar today as market sentiment remained cautious following news that the US-Iran ceasefire, originally expected to expire today, has been extended to allow negotiations with Iran to
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UK giant to break up: Primark set for spin-off in shake-up of retail empire
LONDON, April 21 — Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of the country’s largest consumer businesses. “A demerger of Primark is the best way to maximise long-term returns
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Elon Musk vacuums up US$1.4b in SpaceX stock from past and present employees
NEW YORK, April 21 — Elon Musk increased his stake in SpaceX last year by purchasing US$1.4 billion (RM5.5 billion) worth of stock from current and former employees, The Information reported on Tuesday.The secondary stock purchase, made through Musk’s trust,
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