Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Dollar ticks up on Iran tension, with US data in focus
Aug 12 : The dollar ticked higher on Wednesday, underpinned by renewed Gulf tensions, with markets focused on upcoming U.S. economic data for signals on the Fed’s policy trajectory.Oil prices edged up after the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesday, wi
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Bundesliga’s 50+1 ownership rule permissible under antitrust laws, competition authority says
BERLIN, Aug 12 : The Bundesliga’s 50+1 ownership rule that blocks major investors from taking over control of clubs in the top two German leagues is permissible under current antitrust laws, the country’s federal competition authority Bundeskartellamt said on Wednesday.The rule has been in place for more than
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Man City sign goalkeeper Rulli from Marseille
Aug 12 : Manchester City have signed Argentine goalkeeper Geronimo Rulli from French club Olympique de Marseille on a two-year contract, the Premier League side said on Wednesday.The 34-year-old arrives as a replacement for James Trafford, who left City to join Leeds United.Rulli returns to Manchester
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German advocacy group lodges criminal complaint over Meta AI glasses
FRANKFURT, Aug 12 : A German advocacy group has filed a criminal complaint against Meta and other companies selling the technology group’s AI glasses in Germany, arguing the devices violate privacy laws.Digital rights group HateAid said in a statement on Wednesday that the launch of the devices, the Ray-Ban M
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Standard Chartered venture Anchorpoint begins Hong Kong dollar stablecoin rollout
Aug 12 : Standard Chartered’s joint venture Anchorpoint Financial said on Wednesday it had begun the first phase of the rollout of its Hong Kong dollar-backed stablecoin, offering limited access to institutional distributors and professional investors.The stablecoin, called HKD At Par (HKDAP), will allow init
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Bank of America pledges $250 billion for US infrastructure financing
NEW YORK, Aug 12 : Bank of America said on Wednesday it plans to deploy $250 billion by July 2027 to support U.S. digital and infrastructure projects, a move it says will boost the country’s economic growth and help create tens of thousands of jobs. The Wall Street bank said its “Critical Infrastructure Fi
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Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
BEIJING, Aug 12 : Tencent Holdings reported an 11 per cent rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.For the three months to the end of June, the Shenzhen-based gaming and internet company repo
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Japan brushes off Australian PM Albanese’s melon drama
“We have been informed by the Australian side that Prime Minister Albanese did not make the comments in the way that has been reported,” said a Japanese government statement.
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Elected presidency, GRC, NCMP schemes have served Singapore well: SM Lee
Singapore’s political system and long-term stability are much better served by the check and balance of an elected president, while the GRC scheme has protected and fostered multi-racial politics, says Senior Minister Lee Hsien Loong.
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‘Blow to China’s pride’: Fallout extent from Long March 7A rocket failure hinges on what went wrong
A Long March 7A rocket exploded shortly after liftoff on Monday (Aug 10), bringing its half-decade run of successful missions to a fiery end. The extent of the fallout on China’s space programme will hinge on what investigators uncover, say analysts.
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