Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Dollar eases as markets await Fed decision
NEW YORK, July 29 : The U.S. dollar edged down on Wednesday but stuck to familiar ranges against major currencies as investors awaited a Federal Reserve interest-rate decision, with some analysts warning that an interest-rate hike cannot be ruled out.Hostilities in the Middle East flared anew, sending oil pri
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Kia to invest $649 million to bring electric car production to Mexico
MEXICO CITY, July 29 : South Korea’s Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest $649 million in Mexico, he added during President Claudia Sheinbaum’s daily press conference.The electr
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Ukraine begins CAS appeal against IOC move to reinstate Russian Olympic Committee
July 29 : The National Olympic Committee (NOC) of Ukraine has begun the process of appealing to the Court of Arbitration for Sport (CAS) against the International Olympic Committee’s (IOC) decision to provisionally reinstate the Russian Olympic Committee (ROC), the Ukrainian ruling body said on Wednesday.The
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Ex-FIFA chief Blatter blasts plan to sell stake in World Cup to investors
ZURICH, July 29 : Former FIFA President Sepp Blatter on Wednesday slammed the football governing body’s plans to create a $20 billion subsidiary to run the World Cup, saying the tournament was not a commercial asset that belonged to a few executives.”Football belongs to no individual and to no institution. It
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Mammoth remains revealed in Bulgaria after Danube water levels hit record low
SOFIA, July 29 : The remains of what is believed to be an ancient mammoth have been revealed in northern Bulgaria, after Danube River water levels receded to a record low level, the BTA news agency reported on Wednesday, citing historians.The animal’s remains were found on Wednesday by a local resident of the
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Ko aims to channel ‘inner Foxy’ for Women’s Open bid
LONDON, July 29 : New Zealand’s Lydia Ko hopes to channel her “inner Foxy” and win the Women’s Open for the second time at Royal Lytham this week.Ko watched enthralled from afar as Ryan Fox won the men’s British Open at Royal Birkdale this month, becoming only the second New Zealander to win golf’s oldest…
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X, World Federation of Advertisers settle litigation over GARM dispute
July 29 : SpaceX’s X and the World Federation of Advertisers (WFA) said on Wednesday they had settled litigation over an alleged advertiser boycott of the social media platform linked to the now-defunct Global Alliance for Responsible Media (GARM).The move marks a reset in relations between Elon Musk’s social
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Regional confederations left blindsided by FIFA’s $20 billion investment plan
July 29 : FIFA’s proposal to sell stakes in a $20 billion commercial subsidiary has drawn strong criticism from soccer’s regional confederations, which said they were blindsided by the world governing body’s plan to bring private investors into the sport.The Confederations of North America, Central America an
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SoFi’s unchanged profit forecast tempers record quarter, revenue outlook lift
July 29 : SoFi’s unchanged 2026 profit outlook on Wednesday overshadowed a raise in the fintech’s revenue growth forecast that topped Wall Street expectations and a market-beating second quarter, sending its shares down 9 per cent in early trading.Investors have grown less willing to reward growth alone, and
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NextEra, Brookfield plan $100 billion data center at Kentucky uranium site
July 29 : A consortium including NextEra Energy and Brookfield plans to develop a $100 billion data center campus at a former uranium enrichment site in Paducah, Kentucky, the companies said on Wednesday.Soaring U.S. electricity demand is driving investment in artificial intelligence data centers and other te
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