Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Global equity fund inflows rise as investors add tech stocks after market dip
July 3 : Inflows into global equity funds rose in the week to July 1, as investors took advantage of a pullback in major markets to add technology stocks, betting that the sector’s earnings momentum would be intact.A net $10.44 billion poured into these funds, about a quarter higher than the prior week’s $8
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Analysis:Argentina’s plan for AI-run companies can’t avoid humans
BUENOS AIRES, July 3 : Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-human corporations” run by AI, but the companies would actually require human involvement.Milei described in a Financial Times op-ed piece a new type
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Germany coach Nagelsmann leaves after World Cup exit, says DFB
July 3 : Germany coach Julian Nagelsmann has been asked to step down after the team’s early World Cup exit, the country’s football association DFB said on Friday, saying the 38-year-old had agreed to go following talks with senior German soccer officials.”The German Football Association expressly thanks Julia
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Swiss glaciers rapidly lose protective snow in punishing European heatwave
OBERGOMS: Snow on Swiss glaciers disappeared weeks earlier than usual this summer under the glare of a European heatwave, pitching the Alps into another year of heavy ice loss, scientists
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Dollar heads for biggest weekly drop since April as jobs data dims Fed hike bets
LONDON, July 3 : The U.S. dollar fell towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing some relief for the embattled Japanese yen. Broad dollar weakness lifted the euro to near a two-w
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Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
TOKYO, July 3 : Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares, or about
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Eneos secures enough crude through September, seeks source diversification
TOKYO, July 3 : Eneos Holdings, Japan’s biggest oil refiner, has stabilized its oil procurement and secured sufficient alternative crude supplies through September after the Iran war disrupted Middle Eastern supply, its chief financial officer said. “We have a good outlook for supplies through September. The
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Lufthansa expects challenging second half of 2026 but sees growth in Asia Pacific
The German airline group tells CNA’s Yasmin Jonkers that geopolitical tensions, higher costs and sustainability pressures will continue, even as demand in the Asia-Pacific region remains strong.
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Drones spot sharks 73 times in two days off Sydney beaches
The drones only report bull, tiger and white sharks, species considered most likely to attack humans.
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Allegri takes charge at Napoli after Milan exit
July 3 : Napoli have appointed Massimiliano Allegri as their new head coach until June 30, 2029, the Serie A club announced on Friday.The 58-year-old is one of Italy’s most decorated managers with six Serie A titles and four domestic doubles across successful spells with Juventus and AC Milan.Allegri a
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