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

A water supply company chief executive officer and a company owner have been remanded for three days starting Wednesday to facilitate an ongoing graft investigation into bribery and false claims.

CEO of water supply company, business owner remanded in graft probe 

IN the current oil and gas (O&G) industry upcycle, cash-rich Deleum Bhd is embarking on multiple strategies that include mergers and acquisitions (M&A), geographical expansion and investment in early stage companies to kick-start its future growth plan.

The oilfield services com...

Deleum plans tech and regional M&A for future growth

Johor must push for a higher rate of automation, adoption of new technologies as well as higher wages across the board to capitalise on the Johor-Singapore Special Economic Zone (JS-SEZ), Deputy Investment, Trade and Industry Minister Liew Chin Tong said.

Johor corporates urged to boost automation, technology adoption and wages

Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.

Microsoft to open first regional data centre in Thailand

Australia's Qantas Airways said on Wednesday it was investigating issues impacting its frequent flyer application, after media reports suggested there was a data breach allowing users access to other passengers' travel information.

Australia's Qantas probing reports of data breach at loyalty app

European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high.

Weak demand, new model ramp-up hit Europe's top automakers

Citigroup CEO Jane Fraser told shareholders on Tuesday that US consumers are becoming more cautious with their spending and making smaller purchases.

Citi CEO says US consumers more cautious, emphasises bank overhaul

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

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 

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

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.

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.

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.

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

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