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Bursa Malaysia ends slightly lower as investors turn cautious ahead of weekend
KUALA LUMPUR, April 24 — Bursa Malaysia closed marginally lower in line with the weaker performance of regional peers as investors refrained from taking long positions ahead of the weekend. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased
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After call from Beijing, China’s auto industry races to embed AI in just about everything
BEIJING, April 24 — It took China 25 years to dominate the market for electric vehicles. Now, the country’s auto industry is hurtling toward the next disruption: Embedding artificial intelligence in cars that will make the next generation of EVs
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Malaysia’s ringgit now as Asia’s second best-performing currency in 2026
KUALA LUMPUR, April 24 — The ringgit edged higher against the US dollar and other major currencies in early trade on Friday, supported by resilient Malaysia trade data for March. At 8 am, the local currency was marginally higher at
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US charges soldier who made US$400,000 betting on Maduro raid he helped plan
WASHINGTON, April 24 — A US soldier faces charges for using classified information to bet on online prediction markets related to the US operation to capture former Venezuelan president Nicolas Maduro, the Department of Justice said Thursday. US Army soldier
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Meta to decimate global workforce as Zuckerberg bets bigger on AI race
NEW YORK, April 24 — Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence. Meta will lay off about 8,000 employees and leave thousands of
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Europe’s top court rules against Lufthansa’s €6b Covid-era bailout approval
LUXEMBOURG, April 23 — The European Court of Justice has sided with rival airlines in a dispute over state aid to Lufthansa, confirming the annulment of a €6 billion (US$7 billion; RM27.82 billion) recapitalisation granted during the Covid-19 crisis, reported
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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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