Leadership
Toyota, other Japan automakers under fire for new lapses as safety scandal deepens
Toyota Motor and Mazda Motor temporarily halted shipments or sales of some vehicles after Japan’s transport ministry found irregularities in applications to certify their models.The ministry said on Monday (June...
Airlines eye ‘new frontier’ of AI ahead of global summit
AIRLINES may not be replacing pilots with artificial intelligence (AI) anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business.“Data and...
AMD announces future AI chips, will speed rollout of new models
ADVANCED Micro Devices (AMD) is speeding up introductions of new artificial intelligence (AI) processors as it seeks to dent Nvidia’s domination of that lucrative market.The MI325X will go on...
Oil prices slip despite Opec+ production cut extension
OIL prices fell early on Monday (Jun 3), despite a move by producer group Opec+ to extend deep output cuts well into 2025.Brent futures for August delivery were down...
Oiltek secures RM94.8 million in new contracts
OILTEK International : HQU 0% has won new contracts worth RM94.8 million (S$27.2 million) from Malaysia, Indonesia and Kenya through its subsidiary in Selangor. This will take the group’s...
Cathay Pacific looking to add more Belt and Road destinations, CEO says
AIRLINE Cathay Pacific is looking to add more destinations on China’s Belt and Road project, CEO Ronald Lam said on Sunday (Jun 2), after a new route to Riyadh...
Green fuel transition presents retrofitting opportunity for shipyards, with some caveats
MORE ships could be retrofitted to run on near zero-carbon fuels such as methanol and ammonia in the coming years, maritime players told The Business Times. The overall market...
Baltic Exchange Shipping Insights
Capesize
AFTER a slow start due to a UK Bank Holiday, the market quickly regained momentum. The Pacific was notably active, with all three major miners actively fixing throughout the...
