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Business 21 May 2021 | 7:00 AM

Oprah-backed Oatly raises US$1.4bil in IPO

NEW YORK: Swedish vegan milk maker Oatly Group AB, which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised US$1.4bil (RM5.74bil) in its US initial public offering yesterday, the company said in a statement.

Business 01 Jun 2021 | 7:00 AM

China’s non-manufacturing PMI up in May

BEIJING: The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 55.2 in May, up 0.3 percentage points from the April figure, the National Bureau of Statistics (NBS) said.

Business 01 Jun 2021 | 7:00 AM

Taiwan approves US$15.2bil spend to deal with virus

TAIPEI: Taiwan’s parliament has approved an extra 420 billion new Taiwanese dollars (US$15.20bil or RM62.87bil) in stimulus spending to help the economy deal with the Covid-19 pandemic, as the island curbs business activity to counter a spike in domestic infections.

Business 01 Jun 2021 | 7:00 AM

A worrying trend

DUBLIN: The rising popularity of cryptocurrencies such as bitcoin is “of great concern,” according to Derville Rowland, one of the top officials at Ireland’s central bank.