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Unlikely Iran conflict casualty: Snackmaker Calbee’s packaging now monochrome to conserve ink
TOKYO, May 12 — Japan’s top maker of snacks has landed on a creative solution to conserve oil-derived input materials: it will switch its brightly coloured packaging to black and white. In an eye-catching move, Tokyo-based Calbee on Tuesday said
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South Korea floats AI profit social tax as tech giants boom
SEOUL, May 12 — A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix. The two South Korean
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Xi-Trump summit may yield farm deal, but China has limited soybean appetite
BEIJING, May 12 — China and the United States may reach a farm deal at their summit this week that expands Beijing’s purchases of grains and meat, but market watchers said they did not expect major new soybean purchases beyond
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Microsoft boss ‘proud’ of profit-making OpenAI investment
OAKLAND, May 12 — Microsoft CEO Satya Nadella said today he was “very proud” of his company’s profitable early investment in OpenAI, as he took the stand in Elon Musk’s blockbuster lawsuit against the leaders of the AI giant behind
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Oil‑driven inflation lifts China consumer prices but deflation risks persist amid weak demand
BEIJING, May 11 — China’s consumer prices ticked up in April as the cost of crude oil rose globally due to the Iran war, official data showed today. Helped by the surging oil costs, factory gate prices also continued to
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Oil soars as Trump shoots down Iran’s terms and Hormuz disruption fears deepen
TOKYO, May 11 — Oil prices rose in Asian trade today after US President Donald Trump rejected Iran’s terms for ending the war in the Middle East, while stocks were mixed. Trump’s repudiation of Iran’s response to his latest peace
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China, US to hold trade talks in Seoul ahead of Trump–Xi summit in Beijing
BEIJING, May 11 — Senior Chinese and US officials will hold talks in South Korea in the coming days, Beijing’s commerce ministry and Washington’s treasury secretary said yesterday, ahead of an expected summit between leaders Xi Jinping and Donald Trump.
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India shields consumers from fuel hikes as Modi calls for reduced petrol and diesel use amid Middle East supply strain
BENGALURU, May 11 — Prime Minister Narendra Modi yesterday urged the people of India to cut down on petrol and diesel consumption amid supply disruptions due to the Middle East war. India is one of few countries in the region
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Bursa Malaysia opens higher on buying interest in heavyweights after last week’s pullback
KUALA LUMPUR, May 11 — Bursa Malaysia opened firmer today, driven by buying interest in selected heavyweight counters following the market’s retreat after a five-session rally last week. At 9.10 am, the FTSE Bursa Malaysia KLCI rose by 0.35 of
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Ringgit edges higher as traders watch Middle East tensions, Malaysia GDP data
KUALA LUMPUR, May 11 — The ringgit opened higher against the US dollar today, as investors kept an eye on the ongoing peace negotiations over the West Asia crisis, an analyst said. At 8am, the local unit rose to 3.9170/9230
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