Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Negeri Sembilan election: Move to dissolve state assembly Anwar’s ‘tit-for-tat’ response to Johor snap polls
Observers told CNA that the move by Prime Minister Anwar Ibrahim’s Pakatan Harapan in Negeri Sembilan is a “calculated effort” to preempt any political momentum the Barisan Nasional coalition might gain in Johor’s upcoming state election.
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Singaporean linked to Cambodia-based scam syndicate arrested
A total of 30 suspects – 24 Singaporeans and six Malaysians – linked to the syndicate remain at large.
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Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040, WSJ reports
June 5 : Morgan Stanley is projecting that SpaceX’s revenue could reach $3.4 trillion in 2040, the Wall Street Journal reported on Friday, citing people familiar with the matter.The Wall Street giant is anticipating that revenue from SpaceX’s AI business will dramatically grow in the coming years, the report
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Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6.8 per cent in May fr
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Stocks steady as US-Iran peace talks stall, AI rally cools
LONDON, June 5 : Shares wobbled on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo.The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from
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In Bay Area, World Cup is set to boost fast-growing grassroots soccer
SAN FRANCISCO, June 5 : For years, Jorge Bejarano has been one of the San Francisco Bay Area’s most passionate soccer fans, banging a drum for the second-tier Oakland Roots. With the World Cup coming to the U.S., he and others are counting on their cheers for local soccer to resonate across the nation.Soccer
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Global equity fund inflows at 3-week high as AI optimism boosts sentiment
June 5 : Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand.According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the largest am
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India’s GDP grows 7.8% in January-March on resilient farm, construction output
NEW DELHI, June 5 : India’s economy grew at an unexpectedly strong 7.8 per cent on-year in the January-March quarter, the government said on Friday, as better farm output and brisker construction activity helped offset weakening external demand emanating from the Middle East conflict.The print, the second in
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Commentary: UMNO’s ‘selective confrontations’ in Johor, Negeri Sembilan seek to push Anwar into a corner. What’s next?
The impending snap polls in Johor and Negeri Sembilan are not simply state-level electoral contests. They are opening salvos by the United Malays National Organisation (UMNO) to set the stage for a national power struggle that will test the foundations of Malaysia’s first genuine multi-coalition government, writes
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California to decide soon whether it will seek to block Paramount deal
June 5 : California Attorney General Rob Bonta will soon decide whether to sue to block Paramount’s $110 billion acquisition of Warner Bros, he told Reuters in an interview, adding that in general he views any corporate promises to address antitrust concerns as better when backed up by potential divestitures.
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