Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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UK regulator investigates whether Microsoft misled personal and family customers
LONDON, July 29 : Britain’s antitrust regulator said it would investigate Microsoft over whether it misled personal and family customers when marketing subscription plans for its ever-popular Microsoft 365 product, resulting in them overpaying.The Competition and Markets Authority said on Wednesday the probe
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Asian football body ‘disappointed’ by FIFA investment plans
FIFA’s announcement also produced a furious backlash from European football’s governing body UEFA, which said the World Cup was not an “asset to trade”.
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Explainer-What are credit default swaps and why are they spooking AI investors?
July 29 : Shares in companies driving the AI boom have been under pressure for weeks. Now their bonds are coming under strain too, pushing up the cost of insuring debt issued by companies such as Oracle, Nvidia and Apple against default.The move reflects growing concern among investors about when the billions
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SoFi lifts 2026 revenue forecast as member growth, new loans hit records
July 29 : Fintech SoFi raised its 2026 revenue growth forecast above Wall Street expectations on Wednesday after posting a market-beating second quarter, driven by record member growth and loan originations.Despite an uncertain macroeconomic environment, elevated interest rates and high costs of living, credi
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Cognizant forecasts weak quarterly revenue amid cautious client spending
July 29 : Cognizant Technology forecast quarterly revenue below Wall Street estimates on Wednesday, as clients remained cautious on discretionary IT spending. Shares of the company were down 3 per cent in premarket trading. • Cognizant expects third-quarter revenue between $5.60 billion and $5.68
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Suriname name former Dutch international Fraser as coach
July 29 : Former Dutch international Henk Fraser has been named as coach of Suriname, where he was born, the country’s football association said on Wednesday.Fraser, 60, has signed a four-year contract to take the team through to the 2030 World Cup.Fraser has extensive experience of coaching in the N
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Gold ticks higher as markets brace for Fed decision
July 29 : Gold prices edged up on Wednesday, supported by some technical buying, as investors hunkered down for the Federal Reserve’s interest rate decision later today.Spot gold gained 0.22 per cent to $4,036.09 per ounce by 0908 GMT , while U.S gold futures for August delivery were steady at $4,037.3.
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American, Asian confederations left blindsided by FIFA’s $20 billion investment plan
July 29 : FIFA’s bombshell 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 game.The Confederations of North, Central America a
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China accuses US of suppression over humanoid robot ban
Beijing’s foreign ministry said it “firmly opposed” Tuesday’s move by the US Federal Communications Commission to add “advanced robotic devices” to the list of banned items on national security grounds.
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Germany’s financial watchdog to monitor AI use at banks and insurers
FRANKFURT, July 29 : Germany’s financial regulator Bafin said on Wednesday that it will begin overseeing the use of artificial intelligence at the country’s banks and insurers after an expansion of its powers by legislators.• Bafin’s expanded powers stem from legislation that came into force on Wednesday.
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