Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Dollar firms as markets await Fed decision and Warsh debut
NEW YORK, June 17 : The dollar edged higher on Wednesday ahead of the conclusion of the Federal Reserve’s two-day policy meeting, the first to be chaired by Kevin Warsh, with markets closely watching for any signs of a hawkish shift from policymakers.The Fed is widely expected to hold its benchmark rate stead
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Quantum tech firm EigenQ to go public in $3 billion SPAC deal
June 17 : EigenQ will go public through a merger with blank-check company Silicon Valley Acquisition in a deal valuing the quantum tech firm at about $3 billion, they said on Wednesday.EigenQ’s core business includes making cybersecurity systems that will protect networks and devices from future attacks by po
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Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO
June 17 : Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon Web Services executive Nadia Carlsten as president and CEO, cementing the former footwear maker’s pivot to an AI infrastructure firm.The company had said in April it was shifting its focus to offer cloud computing capaci
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Genspark.ai valued at $2.6 billion in latest funding round
June 17 : Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round that valued it at $2.6 billion.The Palo Alto, California-based company said the extension increased its total Series B financing to $485 million.The funding comes as investors continue to
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US Fed set to hold rates steady at Warsh’s first meeting in charge
WASHINGTON: The US Federal Reserve is expected to hold interest rates steady on Wednesday (Jun 17) at Kevin Warsh’s first meeting in charge of the central bank, with rate hikes potentially on the horizon to combat su
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US stocks inch higher ahead of Fed decision
NEW YORK: Wall Street stocks edged higher early Wednesday (Jun 17) as markets looked ahead to Kevin Warsh’s first Federal Reserve decision announcement as chairman and digested data showing increased US retail
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British charities lose out as under fire bookmakers drop Royal Ascot support
ASCOT, England, June 17 : British charities will lose out on almost half a million pounds in donations from Royal Ascot this year after bookmakers ended support for a major charity race initiative as the gaming sector adjusts to higher taxes and stricter oversight. Since 2021, gambling companies including Be
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New Zealand reach 75-2 at lunch on first day of second test v England
June 17 : New Zealand reached 75-2 at lunch after being asked to bat on the first morning of the second test against England at the Oval on Wednesday, with Henry Nicholls unbeaten on 23.• England pace bowler Matthew Fisher struck in the sixth over, having Devon Conway caught behind for nine by debutant wick
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Cyber warfare firm Twenty valued at $1 billion in latest funding round
June 17 : Cyber warfare startup Twenty said on Wednesday it has raised $100 million in a funding round that valued it at $1 billion, underscoring growing investor interest in cybersecurity and defense technology.The round, led by Accel, brings the company’s total fundraising to $138 million since its founding
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Van Aert ruled out of Tour de France with infected elbow
June 17 : Belgium’s Wout van Aert will miss this year’s Tour de France because of an elbow injury sustained at the Tour Auvergne-Rhone-Alpes, his Visma-Lease a Bike team said on Wednesday.The 31-year-old, who won Paris-Roubaix in April, would have been a key member of the Dutch team’s Tour squad and a top con
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