Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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HSBC drops ‘overweight’ call on EM equities on AI spending fears
July 8 : HSBC closed its “overweight” stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that renewed concerns over weaker AI spending could disproportionately weigh on EM Asian markets.EM Asian equities have remained volatile lately, with major technology stocks
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Palm up over 1%, hitting 2-week high on rival oil, crude oil strength
KUALA LUMPUR, July 8 : Malaysian palm oil futures surged more than 1 per cent on Wednesday, hitting a two-week high, as stronger rival edible oils supported the market and as crude oil prices rose on fresh U.S.-Iran tensions.The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivati
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Messi, Mbappe, Haaland and Kane set up blockbuster World Cup Golden Boot race
As the tournament enters the quarter-finals, the race for the Golden Boot is heating up. Here’s a look at the four players leading the chase for the top scorer award.
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Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand
SAN FRANCISCO, July 8 : Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday.Broadcom disclosed on Monday it had secured a long-term supply deal throu
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Crypto firms prepare defenses as quantum threat to encryption draws nearer
NEW YORK, July 8 : The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems
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Families mourn 26 killed in deadly Sri Lanka prison riot
COLOMBO: Dularika Perera, 38, only found out her cousin was among 26 people killed in the worst Sri Lankan prison riot in years when his photo was sent to her on WhatsApp. The seven prison officials and 19 prisoners died in two days of fighting between two groups of inmates at the prison in the…
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Big Tech joins Calgary Stampede oil bash, as Canada courts data centers
CALGARY, July 8 : Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta courts data center development.Oil and gas companies typically take center stage at the annual energy get-together, timed with the city’s famous
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AI chip startup SambaNova valued at $11 billion in $1 billion funding round
July 8 : AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.The company makes custom chips, hardware systems and cloud services tailored for inference – the process by which models respond to user q
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Trump’s Board of Peace planning pilot ‘humanitarian zone’ in south Gaza: Official
JERUSALEM: US President Donald Trump’s Board of Peace is planning a pilot “humanitarian zone” in southern Gaza which would aim to accommodate tens of thousands of vetted Palestinian civilians, a board official told AFP.The official said the zone could act as a “starting point” for the Palestinian technocratic
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South Korean AI chip startup Rebellions targets IPO next year
SEOUL, July 8 : South Korean AI chip startup Rebellions aims to list its shares on the Korean market in the first half of next year, followed by a potential listing in the United States, its co-founder and chief executive Park Sunghyun told Reuters on Wednesday.”Our priority right now is Korea market,” he sai
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