Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Canada’s Shopify forecasts revenue above estimates, shares surge
Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, sending its U.S.-listed shares up 26 per cent premarket. The company’s solid outlook and a second-quar
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Parker cleared to fight again after failed dope test
Aug 5 : Former heavyweight world champion Joseph Parker said on Wednesday he had been cleared to fight again after failing a dope test last October.The 34-year-old New Zealander, who held the WBO title from 2016 to 2018, had denied taking a prohibited substance but risked a two-year ban.He failed the v
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Zuckerberg apologises to India government over Meta content and errors, local media says
Aug 5 : Meta Platforms’ Chief Executive Officer Mark Zuckerberg has apologised to the Indian government over child sexual abuse material on the company’s platforms and for operational errors, local television channels reported on Wednesday. Zuckerberg apologised for the presence of the material, as well as de
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DHL says customers continue to diversify production amid geopolitical uncertainty
The logistics giant’s CEO Tobias Meyer tells CNA that Chinese manufacturers are broadening their production base to hedge against geopolitical volatility, while new European import rules are another area of concern.
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US dollar to retain strength, yen intervention no game changer: Reuters poll
BENGALURU, Aug 5 : The U.S. dollar will hold firm in coming months before weakening later in the year, according to FX strategists surveyed by Reuters who also generated some of the weakest consensus Japanese yen forecasts since polling began in the early 1990s. Fuelled by interventions from Tokyo and coordin
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Global Payments cuts annual forecasts as Middle East conflict hits travel spending
Aug 5 : Payment technology company Global Payments cut its annual net revenue and profit forecasts on Wednesday amid economic uncertainty linked to the war in the Middle East. Shares of the company, which are up 14 per cent so far this year, fell about 2.7 per cent in premarket trading following results.
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China’s grip on drone components complicates Europe’s defence self-reliance – and effort to arm Ukraine
Kyiv has reportedly secured a European Union carve-out to purchase drone components from China, highlighting Beijing’s deeply embedded role in the supply chain and the strategic influence that position affords, say analysts.
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Salah arrives in Turkey ahead of expected move to Trabzonspor
ISTANBUL, Aug 5 : Mohamed Salah arrived smiling at an Istanbul airport on Wednesday wearing Trabzonspor’s burgundy and blue kit ahead of his expected move to the Turkish top-tier side from Liverpool, as hundreds of fans jostled to get a glimpse of the Egyptian forward.Trabzonspor announced a day earlier they
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SpaceX slides as AI spending worries overshadow early returns
Aug 5 : SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.The company’s share
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Exclusive-JPMorgan CEO Dimon leads new cross-industry effort to tackle AI risks
NEW YORK, Aug 5 : JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said. Dimon has personally reached out to CEOs of other large an
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