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CNA Economy Full text
Oct 6 : Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion on Tuesday, above Wall Street estimates, as demand for its custom data center chips grows along with a surge in AI spending.Shares of the company rose…
CNA Economy Full text
Oct 6 : US software stocks are touching fresh 2026 highs, supported by a sharp rise in earnings expectations, which according to several analysts indicate that fears over AI-led disruption in the sector were largely overstated.The S&P 500…
CNA Economy Full text
Oct 6 : Computer-memory company Netlist announced on Tuesday that Micron would pay $600 million to settle a patent dispute over Micron's memory chips.• Netlist said in a statement that Micron would pay $30 million per quarter for a…
CNA Economy Full text
Oct 6 : Citigroup estimates Meta's AI assistant Muse could generate more than $27 billion in revenue by 2030 as strong user adoption and growing engagement reinforce the platform's first-mover advantage in the emerging personal agent…
CNA Economy Full text
WASHINGTON, Oct 6 : In ancient mythology, the phoenix was a miraculous bird with a cyclical pattern of life and death, perishing in flames only to rise again from the ashes. Astronomers have now found a world that rightly can be called a…
CNA Economy Full text
LOS ANGELES: Paramount Skydance on Tuesday (Oct 6) completed its blockbuster US$110 billion takeover of Warner Bros Discovery, creating a Hollywood heavyweight called Skydance and handing CEO David Ellison control of one of the world's…
CNA Economy Full text
PARIS, Oct 6 : French AI startup Mistral unveiled a new AI model on Tuesday, ending a gap of about five months between major releases, and said it outperforms many rival open-weight models.The three-year-old company, widely viewed as…
CNA Economy Full text
PARIS, Oct 6 : French AI startup Mistral unveiled a new AI model on Tuesday, ending a gap of about five months between major releases, and said it outperforms many rival open-weight models.The three-year-old company, widely viewed as…
CNA Economy Full text
Oct 6 : German software company SAP said on Tuesday it had agreed to buy TechWolf, a Belgian company that analyses workforce data to map employees' skills and tasks, for an undisclosed sum.The deal gives SAP a view of its customers'…
CNA Economy Full text
Oct 6 : Tereina, a payments company in which SAP owns a stake, on Tuesday launched technology that lets businesses pay suppliers, employees and affiliates directly from their SAP software in traditional currencies or stablecoins.The launch…
CNA Economy Full text
LONDON, Oct 6 : US start-up Type One Energy has raised $200 million from investors including the venture unit of Germany's Siemens Energy, as it vies to build the world's first commercial fusion reactor, its chief executive told…
CNA Economy Full text
NEW YORK, Oct 6 : Google has contracted for 3,590 megawatts of power from Constellation Energy in the US' largest power grid, with new nuclear energy accounting for about a quarter of that supply, the companies said on Tuesday.The deal…
CNA Economy Full text
NEW YORK/BOSTON, October 6 : Dario Amodei made $18 million last year as CEO of Claude AI developer Anthropic, the company's IPO filing shows, putting him in the middle ranks of top executives at major technology firms in terms of…
CNA Economy Full text
STOCKHOLM, Oct 6 : Scientist Francis Halzen won the 2026 Nobel Prize in Physics for "decisive contributions to the IceCube Neutrino Observatory and the discovery of high-energy neutrinos of astrophysical origin," the award-giving body said…
CNA Economy Full text
Oct 6 : Shares in ASOS dropped more than 11 per cent on Tuesday after media reports said its customers were sent push notifications saying the British online fashion retailer was hacked.Reuters could not immediately verify the reports.An…
CNA Economy Full text
LONDON, Oct 6 : Shares in ASOS fell 10 per cent on Tuesday after the British online fashion retailer warned that some customer information may have been accessed following the unauthorised sending of a notification to shoppers.The group…
CNA Economy Full text
ROME, Oct 6 : Italy's antitrust authority said on Tuesday it had opened an investigation into AI music startup Suno, saying some clauses in its terms of service may be unfair to consumers. • Suno was not immediately available for comment•…
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LONDON, Oct 6 : Britain's communications regulator opened its first formal investigation into Meta under the Online Safety Act on Tuesday, questioning whether it properly assessed risks posed by its Instagram Instants feature before…
CNA Economy Full text
LONDON, Oct 6 : Britain's communications regulator opened its first formal investigation into Meta under the Online Safety Act on Tuesday, questioning whether it properly assessed risks posed by its Instagram Instants feature before…
CNA Economy Full text
Oct 6 : Britain's regulator said on Tuesday it has opened an investigation into whether Meta Platforms breached UK online safety laws by failing to properly assess risks posed by its Instagram Instants feature before launching it in…
CNA Economy Full text
HANOI, Oct 6 : Vietnam's Vingroup and France's Alstom have agreed to a deal for 200 metro trainsets and an associated technology transfer to support Hanoi's urban rail expansion, the companies said in a statement on Tuesday. • Under the…
CNA Economy Full text
TOKYO, Oct 6 : Bank of Japan Governor Kazuo Ueda said on Tuesday it was becoming more important to anchor underlying inflation around the central bank's 2 per cent target, signalling readiness to keep raising interest rates to blunt the…
CNA Economy Full text
HONG KONG/TOKYO, Oct 6 : Blackstone, Bain Capital and Warburg Pincus are among global investors expected to submit final bids for the property unit of Japanese broadcaster Fuji Media by the end of this month, said two people with knowledge…
CNA Economy Full text
Oct 6 : DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News reported on Tuesday, citing people familiar with the matter.Battery pioneer Contemporary Amperex Technology and…
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