Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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South Korean shops turn to robots, self-service to escape labour woes
SEOUL: Unstaffed coffee shops, ramen eateries and flower outlets are spreading across South Korea as owners turn to robots and self-service to overcome rising labour costs in a business model that relies on the widespread honesty of users.Such stores, usually open 24 hou
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SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan
SEOUL, July 2 : SK Hynix said on Thursday it planned to invest 100 trillion won ($64.38 billion) to build new NAND memory chip and packaging factories as part of a massive investment programme aimed at addressing a shortage driven by the AI boom.The projects in the country’s central city of Cheongju outlined
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SoftBank’s LY, Bain raise Kakaku bid again with $4.1 billion valuation
TOKYO, July 2 : SoftBank’s LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening the gap over a rival offer from Sweden’s EQT.In the legally binding offer unveiled late on Wednesday, LY and B
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OpenAI proposes handing Trump administration 5% stake, FT reports
July 2 : OpenAI has discussed giving the U.S. government a 5 per cent stake, the Financial Times reported on Thursday, as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans will share in the sector’s profits.Under the proposal, OpenAI has suggested
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Bear spray goes off in Japan post office, five hospitalised
TOKYO: Five people needed hospital treatment in Japan after a man accidentally set off an anti-bear spray in a city-centre post office, reports and officials said, as the country grapples with a sharp rise in mauli
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Traffic police officer who helped friend find out his ex-girlfriend reported him gets jail
Brayden Ong Ying Shan suspected his ex-girlfriend had tipped off the police about his unlicensed driving and asked Shivasuria Maniam Kesaval, a traffic police officer, to confirm this.
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Bosnia boss says players should be proud of World Cup journey
SANTA CLARA, California, July 1 : Bosnia coach Sergej Barbarez said his players should celebrate their World Cup journey and hold their heads up high despite exiting the tournament with their defeat by the United States on Wednesday. • Bosnia and Herzegovina lost 2-0 to the co-hosts in the round of 32 in
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Vietnam central bank says global risks complicate policymaking
HANOI, July 2 : Global risks are putting pressure on the Vietnamese central bank’s policy management, deputy governor Pham Thanh Ha said on Thursday.The Southeast Asian manufacturing hub is targeting economic growth of more than 10 per cent this year, supported by stronger infrastructure spending, but the imp
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Asian shares fall as chipmakers drag; US jobs data looms
SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude off 0.8 per cent to US$
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SoftBank’s LY, Bain raise Kakaku bid again, widen lead over rival EQT offer
TOKYO, July 2 : SoftBank’s LY Corp and Bain Capital have raised their bid for Kakaku.com again, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening their lead over a rival offer from Sweden’s EQT.In the legally binding offer announced late on Wednesday, LY a
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