News

Most Read
Advertisement
Major currencies were little changed as the dollar index continued to languish near four-year lows at 96.913. The euro held at US$1.1787, just off last week’s top of US$1.1830, while the dollar dipped to ¥144.38. — Reuters pic

Tariff fog hits Asia stocks, oil drops on Opec+ surprise

Food delivery riders of Meituan (left) and Ele.me ride on the road in Shenyang. Instant commerce orders hit record highs across major platforms this weekend. — Reuters pic

Meituan hits record 120 million daily orders on July 5 amid China’s instant delivery price war

Tesla CEO Elon Musk announced to his followers on the X social media platform yesterday that he was forming a new US political party. — Reuters pic

Investment firm Azoria postpones Tesla ETF after Musk plans political party

The European Union said last month it was barring Chinese companies from participating in EU public tenders for medical devices worth €60 billion or more per year after concluding that EU firms were not given fair access in China. — Reuters pic

China retaliates to EU ban with import restrictions on medical devices

Once popular with hippies, tech enthusiasts and medical professionals, Birkenstock gained widespread attention after Australian actress Margot Robbie wore a pair of pink Birkenstocks in the final scene of the 2023 hit movie ‘Barbie’. — Reuters pic

Birkenstock boots up legal action over ‘cheap knock-offs’ in India with court-ordered raids

Prime Minister Datuk Seri Anwar Ibrahim (3rd left) witnesses Capital A CEO Tan Sri Tony Fernandes (2nd left) exchanging the Memorandum of Understanding with Airbus Commercial Aircraft CEO Christian Scherer (3rd right) during the signing ceremony for the US$12.25 billion agreement between Capital A and Airbus in Paris July 5, 2025. — Bernama pic

Anwar’s France visit yields RM4b in investment potential for Malaysia, RM675m in exports, says Miti

Saudi Arabia and Russia lead Opec  in a surprise move to hike oil output further in August — a shift analysts see as a bold push for market share amid global uncertainty and still-muted prices. — Reuters pic

Opec+ surprises market with bigger-than-expected August output hike

Recent US college graduates are facing the toughest job market in over a decade — burdened by debt and locked out of entry-level roles in a slowing economy. — Reuters pic

Degree, debt, no job: US graduates face worst job market in over a decade

Prime Minister Datuk Seri Anwar Ibrahim, Brazil’s President Luiz Inacio Lula da Silva and Brazil’s Vice President Geraldo Alckmin participate at the opening of the Brics Business Forum, ahead of the Brics Presidential Summit, in Rio de Janeiro July 5, 2025. — Reuters pic

Brics leaders target ‘indiscriminate’ US tariffs as China’s Xi skips Brazil summit

Brazil’s President Luiz Inacio Lula da Silva greets Prime Minister Datuk Seri Anwar Ibrahim as they participate at the opening of the Brics Business Forum, ahead of the Brics Presidential Summit, in Rio de Janeiro July 5, 2025. — Reuters pic

Brics finance chiefs demand voting reform and end to IMF’s old guard

The ringgit ended the week higher against the greenback, closing at 4.2180/2260 from 4.2300/2355 last Friday. — Picture by Firdaus Latif

Ringgit likely range-bound next week as market waits on BNM’s next move, says analyst

On a weekly basis, the barometer index advanced 22.03 points to 1,550.19 from 1,528.16 in the preceding week. — Picture by Choo Choy May

Bursa bulls eye breakout next week — but July 9 tariff deadline could spoil the party

No Image

Winners Announced at CoolThink@JC Competition 2025

US President Donald Trump speaks to members of the media on board Air Force One en route to New Jersey, July 4, 2025. — Reuters pic

Trump targets 12 countries with new US import tariffs as 90-day suspension nears end

The Nvidia logo is seen alongside the United States and Chinese flags in this illustration taken on January 29, 2025. — Reuters pic

Trump targets Malaysia and Thailand in new AI chip crackdown on China

Prime Minister Datuk Seri Anwar Ibrahim (fourth left) witnesses Capital A CEO Tan Sri Tony Fernandes (third left) and Airbus Commercial Aircraft CEO Christian Scherer (fourth right) displaying the MoU during the US$12.25 billion A321XLR purchase agreement signing between Capital A and Airbus in Paris, France today. — Bernama pic

AirAsia signs RM51b deal for 50 Airbus planes, with option for 20 more, eyes first European route this year