Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Meta launches new AI coding tool powered by Muse Spark 1.2
Aug 5 : Meta Platforms on Wednesday launched Muse Code, a coding tool powered by its latest AI model, Muse Spark 1.2, designed to help developers write and debug software.The launch highlights the social media giant’s push into AI-powered coding tools, where it competes with Anthropic’s Claude and OpenAI’s Co
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Blue Origin zeroes in on rocket engine issue as source of New Glenn explosion
WASHINGTON, Aug 5 : A massive explosion of Blue Origin’s centerpiece New Glenn rocket in May was triggered by an issue with one of the rocket’s BE-4 engines, the company’s CEO said on Wednesday as it races to return the vehicle to flight later this year.”The anomaly originated at the main oxygen valve on one
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Woman arrested after four men stabbed in central London
Two men remain in hospital with non-life-threatening injuries, while the other two have been discharged.
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Canada PM Carney says he does not have confidence in Fifa’s Infantino
TORONTO, Aug 5 : Canadian Prime Minister Mark Carney said on Wednesday that he did not have confidence in FIFA President Gianni Infantino over the handling of his proposal to sell off commercial rights to the soccer World Cup.”The idea that proper governance is not to disclose to your closest advisers, your c
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Trump administration to impose 15% tariff on polysilicon, sources say
WASHINGTON, Aug 5 : The Trump administration is planning to impose a 15 per cent tariff on polysilicon derivative products, sources told Reuters on Tuesday.It also plans to unveil the results of its Section 232 investigation into foreign imports of polysilicon as soon as Thursday, the sources said.
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Duolingo’s soft quarterly revenue outlook overshadows stronger user growth forecast
Aug 5 : Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its stronger user growth forecast as the language-learning company prioritizes boosting engagement over near-term monetization.Its shares slumped more than 10 per cent in extended trading.
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Etsy lays off 12% of workforce as part of restructuring plan
(Corrects last paragraph to reflect that Etsy is reporting results on Wednesday, not Thursday)By Arriana McLymoreNEW YORK, NY, Aug 5 : Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12 per cent of its workforce, as part of a restructuring plan it hopes will “improve coord
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Figma lifts annual revenue forecast as AI efforts drive solid demand
Aug 5 : Figma lifted its annual revenue forecast on Wednesday, encouraged by strong demand for its design software products, as the company’s efforts to integrate AI in its tools helped attract and retain more users. Shares of the company, however, fell 10 per cent in extended trading after it kept its annual
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Chime lifts 2026 revenue forecast on robust demand, CFO to step down
Aug 5 : Chime on Wednesday raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb. The company and fellow fintechs have bloomed by attracting younger customers thro
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EBay forecasts quarterly revenue above estimates
Aug 5 : EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace.The company has sharpened its focus on enthusiast buyers through “focus cat
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