Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Forest sign forward Delap from Chelsea for reported club-record fee
Aug 27 : Nottingham Forest have brought in Liam Delap on a five-year contract from Chelsea, the Premier League club said on Thursday, with the forward having signed for a reported club-record fee.Financial details were not disclosed but British media said Forest have paid £45 million ($61.08 million) for the
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Kioxia, Sandisk to invest over $31 billion in Japan amid AI boom
TOKYO, Aug 27 : Japan’s Kioxia and U.S.-based Sandisk said on Thursday they planned to invest more than $31 billion in Japan through 2032 to drive semiconductor technology and expand production capacity, as the AI boom boosts demand for memory chips.The joint investment is contingent on “government support”,
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Oil extends losses on hopes Middle East talks could ease supply woes
Aug 27 : Oil prices fell more than $1 on Thursday, extending a streak of losses, on expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the Middle East war. Brent crude futures were down $1.36, or 1.55 per cent, to $86.48 a barrel at 0800…
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French telco Iliad’s core profit rises 2% on Italy strength
Aug 27 : French telecom operator Iliad posted a 2.2 per cent rise in its half-year core profit on Thursday, buoyed by strong performance in Italy.The company’s earnings before interest, taxes, depreciation and amortization and after leases, or EBITDAaL, were €2 billion ($2.3 billion) in the first half of 2
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Post Malone’s Singapore concert officially postponed, ticketholders to receive full refunds
On Thursday (Aug 27), ticketing platform Ticketmaster Singapore announced that Post Malone’s Singapore concert has been postponed.
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Japan to survey animal cafes over hygiene, welfare concerns
The environment ministry will examine whether they comply with relevant laws, including whether animals have enough space and how often cleaning takes place, said an official.
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Deutsche Bank cites progress in technology revamp at retail division
FRANKFURT, Aug 27 : Deutsche Bank said on Thursday that it has made progress in simplifying legacy technology at its retail division.• Specifically, the bank has chosen a new so-called core banking system as it seeks to reduce 15 systems to two.• The bank said it is “an important milestone in the m
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Lidl owner to invest up to €5.6 billion by 2033 in data centre in northern Germany
Aug 27 : Schwarz Group, which owns the discount retailer Lidl, plans to invest €5.6 billion to build a data centre in the northern German state of Mecklenburg-Western Pomerania, the German supermarket conglomerate said on Thursday.• The data centre will have a capacity of 240 megawatts by 2033, it said in
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Nvidia rises after signaling longer AI spending runway
Aug 27 : Nvidia shares rose about 6 per cent before the bell on Thursday as investors embraced the chipmaker’s strong long-term outlook, betting that a global race to build AI infrastructure will fuel years of rapid growth despite concerns about supply bottlenecks and financial ties with customers.The world’s
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Huawei plans for more AI pharma tie-ups, says healthcare president
SHANGHAI, Aug 27 : Chinese technology conglomerate Huawei plans to expand its AI cooperation with local pharmaceutical firms into drug development and clinical practice, a senior executive said.The move highlights Huawei’s ambitions to gain a foothold in the fast-growing AI drug discovery market, where pharma
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