Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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US FCC toughens submarine communication cable rules
WASHINGTON, June 25 : The Federal Communications Commission on Thursday voted to toughen oversight of submarine communications cables that handle 99 per cent of international internet traffic, proposing rules that will make it harder for Chinese companies to provide equipment and fast-track approvals for trust
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MBK Partners to sell elderly care provider Japan Well-being to Advent
TOKYO, June 25 : Asia-focused buyout firm MBK Partners said on Thursday it had agreed to sell elderly care service provider Japan Well-being to U.S. private equity firm Advent International for an undisclosed amount.• A person with knowledge said the deal value would total about 200 billion yen ($1.24 bil
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BlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its Toronto-listed shares up around 19 per cent.Once a powerhouse in the smartphone industry, BlackBerry has shifted its focus tow
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Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand
June 25 : Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla’s for the first time on Thursday, after the memory chipmaker’s solid forecast helped extend its AI-driven ascent.The company’s shares were last up 18.4 per cent at $1,236, giving it a market capitalization of $1.39
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UEFA names trailblazing official Frappart as refereeing officer
June 25 : UEFA has appointed French official Stephanie Frappart as a refereeing officer on its referees committee, European soccer’s governing body announced on Thursday.Frappart, an international referee since 2010, will handle referee development, performance monitoring, technical guidance and match officia
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US Fed’s preferred inflation gauge hits fresh three-year high
WASHINGTON: The US Federal Reserve’s preferred inflation measure hit a fresh three-year high in May, as elevated energy prices from President Donald Trump’s Iran war pose a key test to his Republican Party ahead of midterm elections.The personal consumption expenditures (PCE) prices index jumped 4.1 per cent
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Alonso is too quick to retire, says Aston Martin’s Krack
SPIELBERG, Austria, June 25 : Aston Martin want double Formula One world champion Fernando Alonso, now 44 years old, to continue with them after his contract runs out at the end of the season, chief trackside officer Mike Krack said on Thursday.”Fernando decided that around the summer break he will take a dec
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Arsenal permanently sign Hincapie after season on loan from Leverkusen
June 25 : Premier League champions Arsenal said on Thursday they have taken up the option to permanently sign defender Piero Hincapie, who joined on loan from Bundesliga side Bayer Leverkusen last season.• Media reports said Arsenal paid £34.5 million ($45.5 million) plus add-ons to sign the 24-year-old Ec
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South Africa’s Zwane appeal dismissed, to miss Canada tie
June 25 : FIFA has dismissed South Africa’s appeal against a three-match suspension for midfielder Themba Zwane, the country’s football association said on Thursday.“We are disappointed with the outcome of our appeal because we strongly believe that the punishment is far harsher than the offence that Th
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Dollar eases from 13-month high after data burst
NEW YORK, June 25 : The dollar was on track to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation slightly dented expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expen
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