Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive
BRUSSELS, June 8 : Europe’s push to cut its reliance on U.S. Big Tech with EU-made technologies and chips could shut out other non-EU players from the European market, trade bodies representing tech companies in Australia, Canada and Japan warned on Monday.The warning by the Tech Council of Australia, the Can
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Fiorentina appoint former World Cup winner Grosso as manager
June 8 : Fiorentina have appointed former Italy defender Fabio Grosso as manager, the Serie A club said on Monday, with the 48-year-old signing a two-year contract.Grosso, who scored the winning penalty for Italy in the shootout win over France at the 2006 World Cup final, began his managerial career in Serie
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AOL, Vimeo parent Bending Spoons files for US IPO
June 8 : Bending Spoons, an Italian tech firm focused on acquiring and revamping digital businesses, filed for a U.S. initial public offering on Monday, as a busy summer IPO window takes shape.A listing of the company, which bought storied internet brand AOL and ticketing marketplace Eventbrite this year, cou
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Marvell shares jump after chipmaker wins spot in S&P 500
June 8 : Marvell Technology shares climbed more than 9 per cent on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently.Its shares have gained about 59 per cent since May 27 after the company forecast…
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Cerebras shares climb as Wall Street brokerages back AI chip strategy
June 8 : Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer’s unconventional AI strategy more than three weeks after its strong debut.Shares of the company rose 5.5 per cent in premarket trading, with at least
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MLS aims to turn 2026 World Cup attention into lasting gains
LOS ANGELES, June 8 : Major League Soccer Commissioner Don Garber says the league is treating the 2026 FIFA World Cup not as a six-week showcase but as the launchpad for a new era, aiming to convert global attention on North American soccer into lasting growth in fans, relevance and stature. Garber said MLS
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UK sets out $1.5 billion AI hardware plan with supercomputer, chip funding
LONDON, June 8 : Britain set out a new £1.1 billion ($1.47 billion) plan on Monday to build domestic AI computing capacity, including a new national supercomputer and funding to back homegrown chip firms.The strategy builds on a £400 million commitment announced by Prime Minister Keir Starmer at London Tech
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China’s Xi vows unwavering support for North Korea’s Kim in rare Pyongyang visit
SEOUL: China will not swerve from its commitment to safeguarding common interests with North Korea or waver in its support for Kim Jong Un, President Xi Jinping told Pyongyang’s leader on Monday (Jun 8) during a r
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Alphabet taps Intel to make three million in-house chips, The Information reports
June 8 : Alphabet’s Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with direct knowledge of the discussions.Nvidia has not placed an order with Intel yet, but has been evaluating whether the compan
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Indonesia fleshes out plan to strengthen state control over commodity imports
JAKARTA, June 8 : Indonesia’s Trade Ministry published technical regulations on Monday that give the central government more control over coal, palm oil and ferroalloy exports, part of a controversial plan by President Prabowo Subianto to boost earnings from the country’s plentiful natural resources. The new
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