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CNA Economy Full text
Oct 8 : Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz. Brent crude futures rose $1.33, or 1.33 per…
CNA Economy Full text
SAN FRANCISCO, Oct 7 : Amazon confirmed on Wednesday it had cut what it said were a small number of jobs, primarily in its Stores unit which oversees the main e-commerce website. The layoffs to its retail unit coincide with one of Amazon's…
CNA Economy Full text
SYDNEY, Oct 8 : Asian shares slid on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.Oil prices jumped anew…
CNA Economy Full text
SYDNEY, Oct 8 : Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.A fresh rise in oil…
CNA Economy Full text
Oct 7 : Blue Origin is likely to pursue an initial public offering in the coming years, billionaire founder Jeff Bezos said on Wednesday, after the space company raised $10 billion from outside investors for the first time in a funding…
CNA Economy Full text
Oct 7 : The International Monetary Fund has reached a staff-level agreement with Pakistan on reviews of some of its lending programs, potentially unlocking about $1.21 billion in financing pending board approval, the fund said on…
CNA Economy Full text
SEOUL, Oct 8 : South Korean battery maker LG Energy Solution said on Thursday the company expects its July-September operating profit to rise 25.7 per cent to 756 billion won ($564.09 million).That compared with an LSEG SmartEstimate…
CNA Economy Full text
TOKYO, Oct 8 : Volatility in the global crude oil market tops the list of major risks for Japanese companies, followed by foreign exchange fluctuations and rising interest rates, a Reuters survey showed on Thursday.The US-Israeli war on…
CNA Economy Full text
SEOUL, Oct 8 : Samsung Electronics on Thursday projected a nearly nine-fold jump in third-quarter operating profit from a year earlier, beating analysts' estimates as booming demand for artificial intelligence chips drove strong memory…
CNA Economy Full text
Samsung Electronics has estimated a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.
CNA Economy Full text
Oct 7 : TikTok ran an experiment on thousands of users who tried to turn on a safety feature on the platform, giving them non-functional versions of the tool, according to allegations in New York’s lawsuit against the company unsealed on…
CNA Economy Full text
ORLANDO, Florida, Oct 7 : A sea of red swept across global stocks on Wednesday as the bond market selloff picked up again and lifted long-dated US yields to 24-year highs, although a strong 10-year Treasury auction and minutes of the Fed's…
CNA Economy Full text
WASHINGTON, Oct 7 : US President Donald Trump will speak at a White House event on scientific discovery on Thursday, according to a social media post from his tech adviser Michael Kratsios.The event will highlight the Trump…
CNA Economy Full text
WASHINGTON, Oct 7 : US President Donald Trump is expected to award the National Medal of Science to SpaceX CEO Elon Musk, Fox News reported. The National Medal of Science is the nation's highest honor for scientists and engineers…
CNA Economy Full text
NEW YORK, Oct 7 : Elliott Investment Management and Siris are exploring a sale of Gigamon that could value the infrastructure software provider at more than $2 billion, according to people familiar with the matter.The firms have tapped…
CNA Economy Full text
Oct 7 : The world's oldest-known terrestrial animal, an Aldabra giant tortoise named Jonathan and estimated to be about 194 years old, may owe his extraordinary longevity to a combination of genetic traits and an ability to keep key…
CNA Economy Full text
Oct 7 : Anthropic on Wednesday launched Claude Haiku 5.5, the third model in its Claude 5.5 family in the past month, expanding its artificial intelligence lineup ahead of a planned IPO.Here are some details:• Haiku 5.5 is built for tasks…
CNA Economy Full text
Oct 7 : Florida asked a state judge on Wednesday to order changes to Instagram and Facebook to better protect young users, pressing ahead with a lawsuit accusing parent Meta Platforms of harming teens after most states resolved similar…
CNA Economy Full text
PARIS, Oct 7 : Biman Bangladesh Airlines has ordered 10 Airbus jets, the European planemaker said on Wednesday.The order, which had been expected after Biman recently ordered 11 Boeing aircraft, includes four long-haul A350-900 and six…
CNA Economy Full text
Oct 7 : Teens spend under 15 minutes a day on average on ChatGPT, while less than 2 per cent of them interact with the chatbot for over three straight hours, OpenAI said, as technology companies face scrutiny over the risks AI chatbots…
CNA Economy Full text
WASHINGTON, Oct 7 : The US Federal Communications Commission said on Wednesday that it will vote on October 29 on whether to advance a new auction of wireless spectrum to boost "direct-to-device" services.The FCC told Reuters it will also…
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WASHINGTON, Oct 7 : A Democratic member of the Federal Communications Commission urged the agency on Wednesday not to approve a petition to allow political AI-generated robocalls from conservative political group Club for Growth.The group…
CNA Economy Full text
WASHINGTON, Oct 7 : A Democratic member of the Federal Communications Commission urged the agency on Wednesday not to approve a petition to allow political AI-generated robocalls from conservative political group Club for Growth.The group…
CNA Economy Full text
PARIS, Oct 7 : Revolut will cover the cost of customers wanting to change their identity documents after the London-based bank was tricked into giving hackers the data of hundreds of customers, the company's CEO for Western Europe said on…
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