Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Explainer-How world soccer is governed: FIFA, UEFA and the balance of power
July 29 : FIFA’s plan to create a $20 billion subsidiary to run the World Cup and sell minority stakes to external investors has highlighted the balance of power within world soccer.While FIFA is the sport’s global governing body, much of football’s commercial strength lies elsewhere — particularly in Europ
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Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 : Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.Shares of the San Diego, California-based company were down more than 3 per cent in
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Meta’s free cash flow wiped out as AI buildout grows
July 29 : Meta Platforms reported a precipitous 91 per cent drop in free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout despite an uncertain payoff.The Facebook parent company reported free cash flow of $784 million in the second quarter, down from $8.
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Microsoft tops quarterly cloud growth estimates, easing spending concerns
July 29 : Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity constraints ease and more businesses adopt the technology.Revenue at the company’s Azure cloud-computing business rose 43 per cent in it
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World Cup lifts MLS ticket sales and ratings, Garber says
July 29 : Major League Soccer ticket sales and television ratings have surged following the 2026 World Cup, with MLS Commissioner Don Garber declaring the tournament has provided the “rocket fuel” to grow the sport further in the United States.Speaking to Reuters a little more than a week after the conclusion
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Robinhood quarterly profit rises on strong trading activity
July 29 : Robinhood Markets posted a rise in second-quarter profit on Wednesday, as volatility in the markets spurred higher trading activity on its platform.The Menlo Park, California-based company’s profit was $573 million, or 62 cents per share, for the three months ended June 30, compared with $386 millio
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SpaceX gets $1.6 billion US Space Force order for 18 Falcon 9 launches
WASHINGTON, July 29 : SpaceX won $1.6 billion in orders from the U.S. Space Force on Wednesday to launch 18 Falcon 9 missions through 2027 carrying Pentagon satellites for detecting and targeting airborne objects, the service said.The 18 missions were assigned to SpaceX across two task orders under the U.S. S
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PGA Tour suspends Mullinax for six months over anti-doping violation
July 29 : Trey Mullinax has been suspended for six months after testing positive for a substance prohibited under the PGA Tour’s anti-doping policy, the tour said on Wednesday.Mullinax, who is eligible to return on January 16, 2027, cooperated with the tour’s process and accepted the penalty, the PGA Tour sai
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Dollar slips as Fed holds rates steady
NEW YORK, July 29 : The U.S. dollar fell across the board on Wednesday after the Federal Reserve held interest rates steady, a choice that may intensify questions about how U.S. central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.The widely expec
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Indonesians file complaint against Netanyahu for Gaza flotilla arrest ‘abuses’
JAKARTA: Nine Indonesians among global activists detained while trying to take aid to Gaza in May filed a complaint against Israeli Prime Minister Benjamin Netanyahu on Wednesday (Jul 29) alleging crimes against humanity, their lawyer told AFP.The men were part of the
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