Business
Back to homepage
EasyJet accepts fifth takeover bid from US firm Castlelake in £5.2b deal
LONDON, July 6 — British budget airline Easyjet has finally given in to the persistent courting of United States (US) investor Castlelake, when it agreed “in principle” to the firm’s fifth takeover offer, the companies announced in London on Sunday,
Read More
Ringgit steady at open as traders weigh US rate hike outlook
KUALA LUMPUR, July 6 — The ringgit opened mostly flat against the US dollar on Monday as traders reassessed the likelihood of a United States (US) interest rate hike following a weaker-than-expected US nonfarm payrolls (NFP) data. At 8am, the
Read More
Don’t punish compliant Malaysian manufacturers with blanket tariffs, FMM tells US
KUALA LUMPUR, July 5 — The Federation of Malaysian Manufacturing (FMM) has urged the United States (US) to adopt a balanced approach to its proposed Section 301 tariff action on imports linked to forced labour, cautioning that blanket duties could
Read More
Struggling Continental to sell ContiTech in €4b deal as German auto supplier accelerates restructuring
FRANKFURT, July 4 — German auto supplier Continental announced today a €4-billion (RM18.7-billion) deal to sell a division to a US investment group, the latest move in a major restructuring. Continental, which has been struggling amid a crisis in the
Read More
Chinese investors rush to Hong Kong as Beijing tightens overseas stock trading rules
HONG KONG, July 3 — Soon after disembarking at Hong Kong’s train station, Chinese private investor Feng was opening a stock trading account at a nearby brokerage, hoping to evade tighter restrictions on capital leaving the country. Beijing introduced new
Read More
Manufacturing powers Penang’s economy to 7.3pc growth in 2025
GEORGE TOWN, July 3 — Penang’s economy grew 7.3 per cent in 2025, with its gross domestic product (GDP) reaching RM130.3 billion. According to the Department of Statistics Malaysia (DOSM), this was an increase from RM121.4 billion the previous year.
Read More
Proton hits 15-year high with 100,346 units sold in first half of 2026
KUALA LUMPUR, July 2 — Proton has recorded its strongest first-half sales performance in 15 years, delivering 100,346 units in the first six months of 2026. This represents a 39.1 per cent increase over the same period in 2025 and
Read More
Google loses final appeal against RM19b EU fine over Android antitrust case
BRUSSELS, July 2 — The EU’s top court upheld Thursday a record €4.1 billion (RM18.6 billion) fine the bloc slapped on Google for anti-competitive practices related to its Android operating system. The European Court of Justice dismissed the US tech giant’s
Read More
China imposes new ‘national security’ rules on overseas investments as tech rivalry with US intensifies
BEIJING, July 1 — China is intensifying its scrutiny of investments overseas with broad “national security” regulations taking effect from today, at a time of rising tech competition with Washington. The new rules, originally announced on June 1, provide authorities
Read More
Binance faces lawsuit from nearly 1,700 UK investors over allegedly unlawful products
MOSCOW, July 1 — Nearly 1,700 British investors have filed a lawsuit against cryptocurrency exchange Binance for offering traders risky financial instruments not approved by United Kingdom (UK) regulators, according to the Financial Times newspaper, reported Sputnik/RIA Novosti. The lawsuit, filed on
Read More