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Nvidia and AMD to pay US 15% of AI chip sales to China

WASHINGTON: US semiconductor leaders Nvidia and Advanced Micro Devices have reportedly agreed to pay the United States government 15% of their revenue from artificial intelligence chip sales to China.

Pix for representational purpose only - AMIRULSYAFIQ/THESUN

Ringgit strengthens against US dollar amid trade tensions

KUALA LUMPUR: The ringgit opened stronger against the US dollar on Monday, recovering from two straight sessions of decline.

Market analysts attributed the rebound to lingering concerns over US trade policies ...

State Bank of India beats profit view on treasury boost, but margin declines

STATE Bank of India beat quarterly profit estimates on Friday, driven by treasury income and curtailed expenses, but its lending margin declined.

The state-run bank, the country's largest lender by assets, ...

Trump’s Russia oil tariffs risk global economic and political fallout

WASHINGTON/LONDON: From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy weapon.

With a Friday deadline ...

Bags of dal, lentils, chana, and other groceries imported from India are displayed for sale at Farm Fresh grocery as small businesses face tariffs, rising costs, and supply chain uncertainties in the Little India neighborhood of Artesia, California on August 7, 2025. - AFPPIX

Trump’s 50% tariffs threaten India’s manufacturing growth, warns Moody’s

U.S. President Donald Trump’s 50% tariffs on Indian imports - far steeper than those imposed on other Asia-Pacific countries - would severely curtail India’s ambitions to develop its manufacturing sector, ...

Pinterest Q2 profit miss overshadows Gen Z and AI growth

PINTEREST missed analysts’ estimates for second-quarter profit on Thursday, overshadowing robust revenue and user growth, and sending its shares down over 11% in extended trading.

The social media platform ...

Binance partners with BBVA for off-exchange crypto asset storage

BINANCE is working with Spanish bank BBVA to allow customers to hold their assets off the crypto exchange, Financial Times reported on Friday.

The Spanish bank is working as one of only a small number of ...

Ringgit rises vs greenback on stronger odds of US rate cut

KUALA LUMPUR: The ringgit opened firmer against the US dollar on Friday, extending gains, after United States (US) economic data reinforced expectations of an imminent interest rate cut at the Federal ...

Tan Sri Abang Johari Tun Openg. FotoBernama

Jambatan Datuk Amar Juma’ani pacu ekonomi dan pelancongan Kuching

KUCHING: Jambatan Datuk Amar Juma’ani yang merentasi Sungai Bintangor di Satok dijangka memberi impak besar kepada pembangunan ekonomi dan pelancongan bandar raya ini. Premier Sarawak Tan Sri Abang Johari ...