Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Analysis:Global oil inventories depleted, next price spike could roil economies, markets
HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader financial markets.
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Sacked Spurs boss Frank swaps touchline troubles for punditry and Tour de France
June 5 : Thomas Frank is trading management headaches for microphones and mountain stages, revealing on Friday he has rejected job offers to spend his summer covering the World Cup and experiencing the Tour de France after a disappointing spell at Tottenham Hotspur.The Danish manager, who was sacked by Spurs
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Ferrari make big statement in Monaco practice runs
MONACO, June 5 : Ferrari laid down a strong marker ahead of qualifying for the Monaco Grand Prix as Charles Leclerc and Lewis Hamilton went quickest in Friday’s two free practice sessions.After five rounds of Mercedes dominance, the return to Europe on the twisty principality street circuit has been flagged a
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Cobolli through to French Open final after Arnaldi withdraws due to illness
PARIS, June 5 : Flavio Cobolli reached the French Open final after his semi-final opponent, fellow Italian Matteo Arnaldi, withdrew from the match on Friday due to a virus.Tenth seed Cobolli will take on German second seed Alexander Zverev in Sunday’s final.”It’s not what I wanted to do. Last night I s
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Iran World Cup squad still in visa limbo 10 days before first match, ambassador says
MEXICO CITY, June 5 : Iran’s ambassador to Mexico said his nation’s soccer squad still had not received their U.S. visas just 10 days before their first World Cup match in Los Angeles, raising the possibility that the team won’t be able to compete in the tournament amid a continuing conflict between the two countrie
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Explainer-Why SpaceX faces a longer wait to join S&P 500
June 5 : SpaceX’s entry into the S&P 500 will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs, delaying billions in passive fund inflows from the potential inclusion.The decision keeps several barriers intact. To join the S&P 500, a company must trade publicly for at least 12
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Texas grid flags risks as data centers, crypto sites fail voltage tests
June 5 : Several large data centers and crypto facilities planning to connect to the Texas power grid ahead of peak summer demand have failed key reliability tests, raising the risk of power outages just as electricity use hits its seasonal high, according to the state grid operator.The rapid expansion of dat
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England fight back after middle-order collapse to take 193-run lead over New Zealand
LONDON, June 5 : Jamie Smith and Gus Atkinson stabilised England’s innings after they lost four wickets in 11 balls, guiding the hosts to 166-6 at tea, leading by 193 runs after New Zealand were bowled out for 113 on day two of the first test at Lord’s on Friday.• Debutant Emilio Gay’s steady knock…
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Stocks fall as strong jobs data fuels rate hike bets; oil set for weekly gain
NEW YORK, June 5 : Shares dipped on Friday after a blowout jobs report fueled bets of a rate hike by the U.S. Federal Reserve and as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities.Iran reaffirmed support for the Hezbollah militia and demanded Israel withdraw f
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Audi unfazed by V8 chatter, keeps faith in turbo future
MONACO, June 5 : Audi has signalled that potential new Formula One engine regulations, including a return to V8 power units, would not derail its involvement in the sport, although the German manufacturer says retaining turbos remains its priority.Formula One’s governing FIA is pushing for simpler and cheaper
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