Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Starlink rival Eutelsat plans OneWeb expansion after €1 billion satellite order
Sept 10 : Satellite operator Eutelsat said on Thursday it will replenish and expand its OneWeb network through 2034 after the Franco-British operator signed a deal with Airbus for 229 additional low Earth orbit satellites.The new order, representing an investment of €1 billion ($1.16 billion), will be added
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JD.com’s Ceconomy concessions face criticism from rivals, sources say
BRUSSELS, Sept 10 : JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 billion purchase of German electronics retailer Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters.They said the European Commission, which acts as the Eu
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Exclusive-Infantino can rely on enough votes to survive, opponents rethink strategy, sources say
Sept 10 : FIFA President Gianni Infantino can count on enough votes to win re-election, meaning his opponents will need to shift strategy and focus on curbing his powers, a sharp reversal weeks after senior football figures believed his position was untenable, multiple sources familiar with the discussions told Reu
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Portuguese group D3 sues Meta, TikTok and YouTube over addictive design
LISBON, Sept 10 : Portuguese digital rights group D3 has filed lawsuits against Facebook, Instagram, TikTok and YouTube, accusing them of designing features in their platforms that keep users hooked, it said on Thursday.The four collective actions, which allow associations to bring cases on behalf of a broade
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2030 French Alps organisers confirm departure of Grospiron as president
PARIS, Sept 10 : The organising committee for the 2030 French Alps Winter Olympics confirmed the departure of its president Edgar Grospiron on Thursday, 18 months after his appointment, raising fresh questions over the Games’ governance.Grospiron, the 1992 Olympic moguls champion, had been widely expected to
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AI chip startup Positron’s valuation skyrockets in latest funding round
Sept 10 : Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion.The startup had raised $230 million in February at a valuation of $1.06 billion, according to data prov
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Swiss Kung wins Vuelta stage 18, Mas retains healthy overall lead
JEREZ DE LA FRONTERA, Spain, Sept 10 : Swiss rider Stefan Kung claimed a second career time trial win on stage 18 of the Vuelta a Espana, finishing ahead of Briton Callum Thornley and Portuguese Joao Almeida.In the general classification, Movistar rider Enric Mas maintained a healthy lead of one minute 37 s
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Europe’s space chief raises need for the region to coordinate its satellite plans
PARIS, Sept 10 : Europe must ensure its countries’ competing satellite programmes can work together effectively and do not duplicate each other, European Space Agency Director General Josef Aschbacher said on Thursday.He was speaking at a space summit in Paris, where new contracts for the European Union’s IRI
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Dollar gains, euro slips after expected ECB rate increase
NEW YORK/LONDON, Sept 10 : The dollar rose against major currencies on Thursday, reversing some of this week’s losses triggered by rising oil prices and global bond yields, while the euro fell after the European Central Bank delivered an expected rate increase.The ECB raised interest rates on Thursday for the
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US producer inflation tops expectations as diesel costs jump
WASHINGTON: US wholesale inflation picked up more than expected in August, government data showed on Thursday (Sep 10), driven by higher energy costs in the month – particularly for diesel – as the US war with Iran continued.Rising prices at the pump are squeezing US households and businesses weeks ahead of k
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