Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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SoftBank’s Son says AI will need $5 trillion per year by 2040, dismisses bubble talk
TOKYO, July 14 : The development of AI will require investment of $5 trillion each year by 2040, and any talk of a bubble forming around the technology is “absurd”, SoftBank Group CEO Masayoshi Son said on Tuesday.Over the past two years, the technology investment group has embarked on an expansive investment
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South Korean court suspends FTC designation Coupang founder Kim Bom as controlling entity
SEOUL, July 14 : A South Korean court on Tuesday suspended a Fair Trade Commission (FTC) decision to designate Kim Bom, the founder of U.S.-listed e-commerce firm Coupang, as the group’s controlling entity. The Seoul High Court granted an injunction sought by Coupang and Kim, suspending the designation pendin
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Changi Airport says Terminal 5 capacity remains on track despite global uncertainties
Executive vice-president of air hub and cargo development Lim Ching Kiat also addressed MPs’ concerns about longer-range aircraft bypassing the airport.
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China expels former Politburo member Ma Xingrui from Communist Party after graft probe
Ma Xingrui, 67, became the third member of the Politburo to come under investigation in the current term that began in 2022, a situation unseen in decades.
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Syndicate linked to S$51 million in scam losses sold chat accounts to criminals; financier jailed
The syndicate began with one SMS modem and expanded with multiple members, with the group shifting into an empty office space where it stored its 27 SMS modems and 24,000 SIM cards.
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‘Durians don’t wait for you’: Sellers in Singapore say prices have started to rise again
Weeks after a bumper harvest flooded the market with cheap durians, sellers say the oversupply has begun to ease as Johor’s durian season winds down.
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Man made to retire without notice or payment wins S$26,350 in claims against employer
After asking about re-employment, the man was offered a six-month role at lower pay and given a non-negotiable one-week deadline to decide.
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US immigration agents involved in another fatal shooting
BIDDEFORD: A United States immigration officer on Monday (Jul 13) fatally shot a man identified by rights groups as a 26-year-old Colombian, the second such killing by federal agents in less than a week.The shooting happened in Biddeford, a town of 22,000 people in the northern state of Maine, and is likely t
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Death toll from a Bangkok music bar fire rises to 30, dozens remain in hospital
An investigation into the cause of the fire and whether the bar was following safety regulations is ongoing.
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Japan signals chance of pension allocation shift, offers scant details
TOKYO, July 14 : Japanese policymakers on Tuesday flagged the possibility of changes to the asset allocation of the nation’s giant state pension funds, though they offered no clues on the timing or scale of any shift.Finance Minister Satsuki Katayama said Japan may consider adjusting the funds’ asset allocati
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