Business
Back to homepage
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
Read More
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
Read More
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.
Read More
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.
Read More
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
Read More
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
Read More
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.
Read More
AI everywhere, data nowhere: Firms race into AI but data access and quality lag, survey shows
KUALA LUMPUR, April 16 — Most organisations still lack the data foundation needed for success despite growing adoption of artificial intelligence (AI), according to Cloudera’s latest global survey examining enterprise readiness to support AI at scale. The findings highlight that
Read More
Profit-taking pulls Bursa Malaysia lower as financial and utility counters weigh
KUALA LUMPUR, April 15 — Bursa Malaysia erased early gains to end slightly lower today, as profit-taking emerged in selected heavyweight counters mainly in financial services and utilities sectors. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell
Read More
Japan pledges US$10b to Southeast Asia as Middle East crisis strains supply chains
TOKYO, April 15 — Japan pledged US$10 billion in financial support today for Southeast Asian economies as the Middle East crisis threatens Tokyo’s procurement of vital medical equipment derived from oil. The initiative, dubbed “Power Asia”, will see Japan contribute
Read More