Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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EU approves €76 million German state aid for cutting edge semiconductor facility
June 23 : The European Commission approved on Tuesday €76 million ($87 million) of German state aid for QuantumDiamonds GmbH, which is planning to set up a cutting-edge semiconductor testing facility in Munich.• The Commission said QuantumDiamonds had agreed to work with small-and-medium-sized enterprises
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Oil extends losses as investors focus on Hormuz flows after peace talks
BENGALURU/LONDON June 23 : Oil prices fell on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures were down 44 cents, or 0.6 per cent, to $77.46 a barrel and U.S. West Texas Int
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Dollar hits one-year high on Fed hike bets; yen nears 40-year low
LONDON, June 23 : The U.S. dollar rose to its highest level in more than a year on Tuesday as traders positioned for a more hawkish Federal Reserve despite oil prices inching lower on ebbing Gulf tensions, while the yen flirted with a four-decade low.Fed funds futures are pricing in more than an 80 per…
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South Korea’s KOSPI tanks nearly 10% to lead tech-fuelled Asia rout
Samsung and SK Hynix shed more than 12 per cent each, triggering an automatic 20-minute bourse-wide trading halt in the afternoon.
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From giveaways to repairs, Singaporeans find ways to keep items out of landfills
Community-led initiatives are helping Singaporeans extend the lifespan of unwanted and broken items, as more people embrace giving, reusing and repairing instead of throwing things away.
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Algeria recover from Messi mauling to show World Cup promise
SANTA CLARA, California, June 22 : After being on the wrong end of a Lionel Messi hat-trick in their World Cup opener against Argentina, Algeria had to wait nearly a week to showcase their talents with an impressive fightback against Jordan.Coach Vladimir Petkovic’s side had been outclassed 3-0 by the defendi
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Lazada cuts 5% of workforce across Southeast Asia, Singapore workers affected will get union support
The last time Lazada cut jobs in Singapore was in January 2024.
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UN chief calls on AI firms to come clean on environmental costs
LONDON, June 23 : The United Nations called on major artificial intelligence companies on Tuesday to publicly disclose the full environmental cost of their data centres and use renewable power, as he launched a transparency initiative for the sector.The rapid development of data centres globally to fuel the A
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NLB unveils timeline for upgrades to Queenstown, Ang Mo Kio libraries
Ang Mo Kio Library will be closed on Aug 1 to prepare for its relocation to AMK Hub, while Queenstown Library will be closed temporarily from Aug 31 for a revamp that will preserve the building’s iconic facade while refreshing its interior.
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India’s Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secrets
NEW DELHI: Tata Electronics said on Monday (Jun 22) it had detected a recent “cybersecurity incident”, after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group.The ransomware group has posted more than 200
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