Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Stocks drop as Fed rate bets hit tech royalty; dollar gains
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology shares, including SpaceX, as growing expectations for the Federal Reserve to be more aggressive in tackling inflation drove investors into bonds and the dollar.Futures on the Nasdaq were down more than 2.5 per cent, sug
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SpaceX extends losses after $600 billion wipeout, tech stocks slide again
June 23 : Shares of Elon Musk’s SpaceX slipped further on Tuesday following a three-session selloff that wiped out more than $600 billion from the company’s market value, with the highly valued technology sector on track to extend the rout.The rocket and AI company’s shares fell 1.9 per cent to $151.6 earlie
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UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud services
LONDON, June 23 : Britain’s competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which? said on Tuesday, clearing the way for tens of millions of consumers to join a collective action.The Competition Appeal Tribunal granted earlier
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Iran says card-based banking hit by cyberattack on three lenders
DUBAI, June 23 : Iran’s state-owned banking technology provider said on Tuesday that cyberattacks disrupted card-based banking services at Bank Melli, Bank Saderat and Bank Tejarat.This had prompted a temporary suspension of all card-related operations at the three banks to prevent further unauthorized access
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Norwegian fans take dawn World Cup party to palace gates to wake the King
OSLO, June 23 : Wild overnight celebrations erupted across Norway as the men’s national team secured qualification to the World Cup knockout stages and a tide of elated supporters headed to the palace of 89-year-old King Harald V to see if he would join their party.Despite the match ending at around 4 a.m. (0
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Barcelona sign Egypt forward Abdelkarim until 2029
June 23 : Barcelona have signed Egypt forward Hamza Abdelkarim on a three-year deal, the LaLiga club said in a statement on Tuesday.The 18-year-old international joined Barcelona on loan from Al Ahly in the winter transfer window, with a purchase option at the end of the season. Abdelkarim scored six goals in
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Finland may approve Tesla’s supervised self-driving software before EU vote
HELSINKI, June 23 : Finland may approve Tesla’s self-driving assistance system earlier than a European Union-wide decision expected in October, the country’s transport authority said on Tuesday.The Netherlands in April became the first European country to grant provisional approval for Tesla’s Full Self-Drivi
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French mid-sized firms adopt AI but see few gains, survey shows
June 23 : Generative AI use is spreading quickly among French mid-sized companies, but most have yet to report clear productivity benefits, according to a survey by state-backed investment bank Bpifrance.Bpifrance said in its annual barometer of Entreprises de Taille Intermédiaire, or ETIs, that 77 per cent
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Germany go for three out of three against Ecuador to keep up winning momentum
BOSTON, Massachusetts, June 23 : Already-qualified Germany will look to make it three wins out of their three Group E matches on Thursday when they take on Ecuador, aiming to stretch their winning run to 12 consecutive games and keep their World Cup momentum going.Coach Julian Nagelsmann will need to change h
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Meta announces new range of smart glasses starting at $299
June 23 : Meta Platforms on Tuesday announced a new range of AI smart glasses in partnership with EssilorLuxottica, starting at $299.
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