Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Trump says Strait of Hormuz will be ‘completely open’ Friday
At the G7 summit in France, US President Donald Trump said the Strait of Hormuz would be “completely open” by Friday when a peace deal is set to be formally signed in Geneva.
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Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz
HOUSTON, June 15 : Oil prices slumped 5 per cent to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed terms to end their war and reopen the Strait of Hormuz. Brent crude futures fell $4.38, or 5.02 per cent, to $82.95 a barrel by 10:54 a.m.…
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SpaceX IPO haul rises to $85.7 billion after underwriters exercise greenshoe
June 15 : SpaceX said on Monday that its underwriters had exercised the “greenshoe” option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7 billion from $75 billion that it raised last week.Elon Musk’s rocket, AI and internet conglomerate, which sold 555.5
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Wolves appoint Peixoto as new boss
June 15 : Wolverhampton Wanderers have appointed Cesar Peixoto as their new head coach on a two-year contract, the club said on Monday, just days after the sacking of Rob Edwards.The 46-year-old Portuguese takes charge at Molineux tasked with reviving the club after their relegation from the Premier League in
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Microsoft sued by shareholders over expenses, cloud business, AI
June 15 : Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.The proposed class action led by a Michigan pension fund w
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England face Croatia in World Cup opener with early group control at stake
KANSAS CITY, Missouri, June 15 : England begin their World Cup campaign against Croatia in Arlington, Texas on Wednesday, a heavyweight Group L opener that could set the tone for both teams’ tournament ambitions.With Ghana and Panama also in the group, the early meeting between its two standout sides carries
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OpenAI wins dismissal of trade secret lawsuit by Musk’s xAI
June 15 : A federal judge on Monday dismissed a lawsuit by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets.U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI engineer Xuechen Li to misappropr
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US official says Iran pact signed, Hormuz traffic will rise significantly
The deal has been signed by US President Donald Trump, US Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Qalibaf, one official said.
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Ghana face first World Cup test against much-improved Panama
June 15 : Ghana will kick off their World Cup campaign seeking to regain their prowess as a globally competitive soccer nation, with their opening test coming on Wednesday against a Panama side eager for their first-ever win in the tournament.But the Black Stars were dealt an early blow after midfielder Thoma
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US energy shares slump as Iran deal lowers Hormuz supply disruption risk
June 15 : U.S. energy shares fell on Monday as crude prices dropped after Washington and Tehran agreed terms to end their months-long conflict and reopen the Strait of Hormuz, a vital oil transit chokepoint.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime m
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