KUNSHAN: Bustling Taipei-style shopping streets, majestic temples to the island’s deities and thriving factories dot the eastern Chinese city of Kunshan, for years a hub for Taiwanese businesses. But now those firms are feeling the strain from cross-Strait tensions that have stoked safety fears among companies. Taiwanese entrepreneurs — known as “Taishang” in Mandarin —…
OIL prices rose in Asian trade on Wednesday, extending a 4% gain from the previous session on worries that the Iran-Israel conflict could disrupt supplies. Brent crude futures rose 26 cents, or 0.3%, to $76.71 a barrel by 0440 GMT. U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to $75.19 per barrel….
THE world’s three best-selling makers of bitcoin mining machines – all of Chinese origin – are setting up manufacturing footholds in the United States as President Donald Trump’s tariff war reshapes the cryptocurrency supply chain. Bitmain, Canaan and MicroBT build over 90% of global mining rigs – essentially computers dedicated to number-crunching that produces bitcoin….
KUALA LUMPUR: Mah Sing group Bhd recorded a profit before tax (PBT) of RM91.4 million on the back of revenue of RM649.7 million for the first quarter ended March 31, 2025 (Q1’25), compared to RM82.1 million and RM558.2 million in the same quarter of the preceding year, representing 11.4% and 16.4% improvement respectively. The group…
KUALA LUMPUR: TA Global Bhd celebrated a significant milestone recently with the official groundbreaking of the superstructure construction for CloutHaus, marking the launch of one of the most anticipated luxury developments in the heart of Kuala Lumpur City Centre (KLCC). The event, held at the CloutHaus construction site on Jalan P. Ramlee, was officiated by…
KUALA LUMPUR: The government’s fiscal reform initiatives, including expanding the Sales and Services Tax (SST) scope and rationalising electricity and diesel subsidies, are aimed at ensuring fiscal sustainability while protecting lower-income groups and essential sectors. Treasury secretary-general Datuk Johan Mahmood Merican said one of the key fiscal reform elements is the Fiscal Responsibility Act, which…
SEOUL: North Korea will send military builders and sappers to help restore Russia’s Kursk region after Ukraine’s incursion, Moscow’s security chief said, in a fresh sign of deepening ties between the two countries. Sergei Shoigu, head of Russia’s Security Council, was in Pyongyang for the second time this month for talks with leader Kim Jong…
Amid the tension in the Iran-Israel conflict, the cryptocurrency market experienced another daily pullback. Bitcoin (BTC), which had just recovered from Friday’s drop, erased its recent gains and recorded a 4.5% dip to the $103,000 mark in the past 24 hours. However, some analysts believe that the flagship crypto is preparing for a big move…
WELLINGTON: New Zealand on Wednesday approved the medicinal use of psilocybin, a hallucinogenic compound notably found in so-called “magic mushrooms”. Deputy Prime Minister David Seymour said rules had been relaxed so psilocybin could be used to treat certain types of depression. Psilocybin is a naturally occurring psychedelic compound found in some species of mushroom and…
Cathie Wood’s Ark Invest sold a combined 300,108 shares of Circle Internet Group CRCL on Tuesday across three of its ETFs, continuing to take profit for a second day in a row, this time to the tune of $44.7 million. The move came as CRCL closed in New York Tuesday at $149.15 as it continues…
