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Cost cuts help Burberry swing back into black in latest financial year
LONDON, May 14 — British luxury fashion label Burberry said Thursday it returned to profit last year thanks to a sizeable cost-cutting plan launched at the end of 2024. Net profit stood at £21 million (US$28 million; RM111.46 million) in
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Taiwan’s Foxconn posts stronger Q1 earnings on surging Nvidia-linked AI server business
TAIPEI, May 14 — Taiwanese tech hardware giant Foxconn on Thursday announced a 19-percent jump in quarterly net profit as the booming market for artificial intelligence servers drives growth, despite geopolitical uncertainty. Foxconn, whose official name is Hon Hai Precision
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Indian pharma firms linked to export of powerful opioids fuelling West Africa drug crisis
NEW DELHI, May 14 — Indian pharmaceutical firms are exporting millions of dollars’ worth of powerful opioids to west Africa despite a promised crackdown, an AFP investigation found Thursday, with officials saying they are driving a deadly drugs epidemic across
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Germany looks to deepen investment in Johor-Singapore SEZ amid global supply chain realignment
ISKANDAR PUTERI, May 14 — Johor is increasingly being viewed as a strategic gateway into Asean as Germany seeks to diversify global supply chains and expand investment partnerships in the Johor-Singapore Special Economic Zone (JS-SEZ) amid the global supply chain
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Ringgit opens higher for seventh straight day ahead of Trump-Xi talks in Beijing
KUALA LUMPUR, May 14 — The ringgit opened higher against the US dollar for a seventh straight trading day ahead of the high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping on May 14-15, 2026. At 8
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Samsung says image supplied by partner as Dua Lipa sues for copyright and publicity abuse
LONDON, May 14 — Electronics giant Samsung has said “we deny any allegations of intentional misuse” after lawyers for pop star Dua Lipa announced they would sue the company for allegedly using her image without permission, PA Media/dpa reported. Court
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H&M to move South-east Asia hub to Kuala Lumpur, announces layoffs for 30pc of regional support headcount
SINGAPORE, May 13 – H&M has announced a major restructuring of its Asia-Pacific operations, relocating its South-east Asia regional headquarters from Singapore to Kuala Lumpur and eliminating approximately 30 per cent of its regional support workforce. The changes, formally communicated
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Unrelenting gas prices: India debates strategy as global conflicts hit supply
NEW DELHI, May 12 — India will at some stage need to assess how long state-run fuel retailers can sustain losses from selling transport fuels below market prices, oil minister Hardeep Singh Puri said at an industry event today. Petrol
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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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