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International energy agency chief: Mideast war could kickstart renewables boom
PARIS, April 7 — The world’s worst energy crisis, caused by the Middle East war, will accelerate the development of renewables, nuclear energy and electric vehicles, the head of the International Energy Agency has predicted. In an interview published today
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Asian airlines trim schedules and carry extra fuel as supplies tighten
HONG KONG, April 7 — Airlines across Asia are cutting flights, carrying extra fuel from home airports and adding refuelling stops as the Middle East conflict squeezes jet fuel supply in some countries, adding to pressure on an industry already
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Samsung Electronics expects record US$37.9b profit in Q1, 68pc sales surge amid AI boom
SEOUL, April 7 — Tech giant Samsung Electronics today estimated its first quarter profit had soared 755 per cent annually to a record high of 57.2 trillion won (RM150 billion), driven by strong sales of chips crucial for AI. The
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Inside a Chinese factory’s survival story as Trump tariffs reshape global supply chains
DONGGUAN, April 7 — US President Donald Trump’s tariffs sought to hurt Chinese manufacturing, but for one electronics maker, a turbulent 2025 ended with a belief that China is a location that is difficult to replicate – as long as things
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Indonesia hikes aviation fuel surcharge, allows domestic ticket price rise amid Middle East tensions
JAKARTA, April 6 — Indonesia today announced a 28-percentage point rise in the surcharge on aviation fuel, and said it would allow airlines to raise the domestic ticket price, which the government caps, by up to 13 per cent. As
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Oil markets stabilise despite Trump threats and Strait of Hormuz disruptions
SINGAPORE, April 6 — Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the US and Iran even as they remained wary about sustained supply losses due to shipping
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AirAsia X raises fares by up to 40pc, cuts some flights as Middle East tensions push up fuel costs
SEPANG, April 6 — Budget carrier AirAsia X said today it is raising fares by up to 40 per cent and imposing a 20 per cent fuel surcharge, even as the airline trims costs and cuts a limited number of
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China issues e-commerce guidance to boost global trade amid EU scrutiny
BEIJING, April 6 — China issued guidance today for its e-commerce sector that seeks to coordinate domestic development with international markets, a week after a delegation of European lawmakers visited to discuss related challenges and competition. European Union lawmakers had pressed
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Opec+ to discuss oil production rise as Iran war weighs on markets
VIENNA, April 5 — Key members of the Opec+ oil cartel will today discuss production quotas for next month as the US-Israeli war against Iran unsettles global oil markets. The eight-strong V8 (Voluntary Eight) group in the alliance, which includes
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Seoul calls on Gulf states to secure oil and raw material supply as Middle East conflict drags on
SEOUL, April 5 — South Korean Finance Minister Koo Yun-cheol urged Gulf Cooperation Council (GCC) countries to strengthen cooperation to help stabilise energy and raw material supply chains amid prolonged tensions in West Asia, the finance ministry said today, Yonhap
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