(May 2): Elon Musk’s latest cost-cutting victims: Summer interns.

Tesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.

“At 8:46am, I opened a Tesla email ...

Tesla interns say offers are getting revoked weeks before their start date

(May 2): National Australia Bank Ltd. said it will buy back up to A$1.5 billion (US$1 billion) of its own stock as profit at the lender came in line with expectations.

Cash earnings fell 13% to A$3.55 billion in the six months ended March 31, the Melbourne-based firm said in a statement...

National Australia Bank to buyback US$1 billion as profit dips

(May 2): Alphabet Inc. paid Apple Inc. US$20 billion in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.

The deal between the two tech giants is at the heart o...

Google’s payments to Apple reached US$20 billion in 2022, antitrust court documents show

NEW YORK (May 2): U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.

The S&P 500 and the Nasdaq ended low...

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

NEW YORK (May 2): A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and indicated it is still leaning toward eventual rate cuts.

But the U.S. central bank put a red flag on recent disapp...

Stocks, dollar decline after Fed holds rates steady

(May 2): Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.

Long considered a must-own stock on Wall St...

Apple set for big sales decline as investors await AI in iPhones

WASHINGTON (May 2): Hackers who breached UnitedHealth's tech unit in February potentially stole a third of Americans' data, the largest U.S. health insurer's CEO told a Congressional committee on Wednesday.

Two Congressional panels grilled CEO Andrew Witty about the cyberattack on the c...

UnitedHealth says hackers potentially stole a third of Americans' data

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

(May 1): Mirzan Mahathir, the son of former Malaysian prime minister Tun Dr Mahathir Mohamad, intends to invest US$100 million (RM477 million) in a cement factory in South Sudan.

If approvals are granted timeously, the plant should be operational in 24 months and will use limestone from...

Dr M’s son Mirzan planning US$100m Africa investment

HAVING identified artificial intelligence (AI) opportunities in Malaysia, SNS Network Technology Bhd now expects a meaningful contribution from its newly ventured data centre fit-out business segment.

Besides selling AI super servers, the ICT system and solutions provider is also involv...

SNS Network aims to tap country’s data centre boom through new venture

AirAsia believes it is capable of dealing with rising fuel prices and unfavourable currency movements, which continue to heighten global challenges.

AirAsia can handle volatile currency movements, oil prices — Tony Fernandes

(May 2): Chelsea's bid to make it five Women's Super League titles in a row suffered a huge setback on Wednesday as they lost a 4-3 thriller to Liverpool, seriously denting the possibility of the Blues giving manager Emma Hayes a winning send-off.

Liverpool secured their second successi...

Chelsea WSL title hopes derailed by stunning 4-3 loss to Liverpool

DORTMUND, Germany (May 2): Borussia Dortmund's Niclas Fuellkrug fired in a first-half goal to seal a 1-0 victory over visitors Paris St Germain in a compelling Champions League semi-final first leg on Wednesday.

Nico Schlotterbeck floated a pass into Fuellkrug's path and the Germany for...

Fuellkrug earns impressive Dortmund 1-0 first-leg win over PSG

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

NEW YORK (May 2): U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.

The S&amp;P 500 and the Nasdaq ended low...

(May 2): Elon Musk’s latest cost-cutting victims: Summer interns.

Tesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.

“At 8:46am, I opened a Tesla email ...

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

NEW YORK (May 2): A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and indicated it is still leaning toward eventual rate cuts.

But the U.S. central bank put a red flag on recent disapp...

(May 2): Alphabet Inc. paid Apple Inc. US$20 billion in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.

The deal between the two tech giants is at the heart o...

(May 2): Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.

Long considered a must-own stock on Wall St...

(May 2): National Australia Bank Ltd. said it will buy back up to A$1.5 billion (US$1 billion) of its own stock as profit at the lender came in line with expectations.

Cash earnings fell 13% to A$3.55 billion in the six months ended March 31, the Melbourne-based firm said in a statement...

WASHINGTON (May 2): Hackers who breached UnitedHealth's tech unit in February potentially stole a third of Americans' data, the largest U.S. health insurer's CEO told a Congressional committee on Wednesday.

Two Congressional panels grilled CEO Andrew Witty about the cyberattack on the c...

(May 2): Chelsea's bid to make it five Women's Super League titles in a row suffered a huge setback on Wednesday as they lost a 4-3 thriller to Liverpool, seriously denting the possibility of the Blues giving manager Emma Hayes a winning send-off.

Liverpool secured their second successi...

DORTMUND, Germany (May 2): Borussia Dortmund's Niclas Fuellkrug fired in a first-half goal to seal a 1-0 victory over visitors Paris St Germain in a compelling Champions League semi-final first leg on Wednesday.

Nico Schlotterbeck floated a pass into Fuellkrug's path and the Germany for...

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