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Philippines says won't bar Chinese proposals for shipyard takeover

MANILA, April 25 — All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said today, ruling out barring Chinese firms over national security fears. Trade Secretary Ramon…


China’s island cities: Treasure or trouble for Asia?

COLOMBO, April 25 — A high-rise city the size of central London rising out of the ocean next to Sri Lanka’s capital is laying down another marker for China’s global infrastructure ambitions whose epic scope is sounding alarm bells in Asia and…


Microsoft surges toward trillion-US dollar value as profits rise

WASHINGTON, April 25 — Microsoft said profits climbed in the past quarter on its cloud and business services as the US technology giant saw its market value close in on the trillion-US dollar (RM4.125 trillion) mark. Profits in the quarter to…


Paying for podcasts: Luminary launches with US$100m in investments

NEW YORK, April 24 — A US platform that launched yesterday is betting people will pay for podcasts, hoping to emulate similar services for video and music. The platform, Luminary, is boosted by US$100 million (RM413 million) in investment, making…


China's Bytedance says India TikTok ban causing US$500,000 daily loss, risks jobs

NEW DELHI, April 23 — India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to US$500,000 (RM2.06 million) a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk,…


Netflix unveils plans for New York production hub

NEW YORK, April 19 — Netflix announced plans yesterday to create a New York City production centre for its original programmes that could lead to thousands of new jobs. Up to US$100 million (RM413.5 million) will be invested for an expanded office…


Wall Street dips, weighed down by healthcare plunge

NEW YORK, April 18 ― US stocks ended slightly lower yesterday as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China. All three major US stock indexes ended the…


How 5G drove moves by Apple, Qualcomm and Intel

SAN FRANCISCO, April 18 ― Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business. The entire drama played out as the mobile phone…


Back on trend? H&M makes AI, loyalty drive to ride fashion cycle

BERLIN, April 17 — When H&M boosted its shares last month by reporting a rise in the sale of full-price garments, it wasn’t just a tribute to the fashion sense of its designers. It was a sign that backroom improvements are at last paying…


China data lift US stocks but IBM weighs on Dow

NEW YORK, April 15 — Wall Street stocks were mostly higher as trading opened today following better-than-expected Chinese economic data, although weak IBM results weighed on the Dow. About 15 minutes into trading, the Dow Jones Industrial Average…