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CNA Economy Full text
Oct 9 : SpaceX has agreed to acquire a nationwide portfolio of licenses in the low-band spectrum in a deal reportedly valued at $8 billion, as it looks to expand beyond satellite internet and become a serious competitor in the US mobile…
CNA Economy Full text
Oct 9 : Chinese automaker Geely Auto said on Friday it has entered the Canadian market and plans to introduce its first vehicles to consumers in 2027. • The company has started to establish local operations and develop a retail and service…
CNA Economy Full text
BENGALURU, Oct 9 : India's telecom minister said on Friday the country does not allow monopolies in any sector, pushing back after Elon Musk suggested billionaire Mukesh Ambani was using political influence to block Starlink's launch in…
CNA Economy Full text
Oct 9 : Netflix is planning to cut about 5 per cent of its workforce, with an announcement expected as early as next week, Puck News reported on Friday, citing people familiar with the matter.Netflix declined to comment on the report.• The…
CNA Economy Full text
WILMINGTON, Delaware, Oct 9 : A lawsuit by chipmaker Qualcomm against chip technology supplier Arm Holdings will head on Friday to a jury charged with determining if Arm breached licensing agreements and intentionally sabotaged some of…
CNA Economy Full text
TURIN, Oct 9 : Stellantis CEO Antonio Filosa said on Friday the automaker's partnership with British startup Wayve could help slash development times and costs for advanced driver-assistance systems as carmakers race to bring autonomous…
CNA Economy Full text
Oct 9 : Global money market funds drew strong inflows in the week ended October 7 as a global bond selloff, concerns over government debt levels in parts of Europe and lingering inflation fears pushed investors toward safer…
CNA Economy Full text
Xpeng is also ramping up production of its humanoid robot, Iron, with plans to put it to work in stores before offering it to external customers, vice-chairman and president Brian Gu tells CNA’s Julie Yoo in an interview.
CNA Economy Full text
NEW YORK, Oct 9 : The US bull market is going strong as it nears its four-year anniversary, driven by an AI spending engine that is propelling corporate profits and economic growth.The S&P 500 is trading around record-high levels ahead of…
CNA Economy Full text
NEW YORK, Oct 9 : US companies are likely to deliver another earnings surge for the third quarter, and like the rally in the stock market, AI-related players are fueling most of those gains.While investors are enthusiastic about the hyper…
CNA Economy Full text
TOKYO, Oct 9 : 7-Eleven Inc, the North American arm of 7-Eleven convenience stores and gas stations, is considering moving parts of its supply chain in-house in a bid to cut costs as stubborn inflation dampens US consumer demand, its chief…
CNA Economy Full text
Oct 9 : US and European telecom stocks were among the top decliners on their respective benchmarks on Friday after SpaceX's acquisition of low-band spectrum heightened concerns over growing competition from satellite-based mobile…
CNA Economy Full text
BOSTON/LONDON, Oct 9 : World stocks rose on Friday, with government bond yields and oil prices only incrementally higher, ahead of key economic data next week, along with quarterly earnings reports from the largest US banks.Crude prices…
CNA Economy Full text
Oct 9 : Ukraine struck and partly disabled a data centre operated by Russian technology company Yandex on Friday, a day after it hit a similar but more significant facility, widening the scope of its attacks against Russia after Moscow…
CNA Economy Full text
Oct 9 : Paramount Pictures is developing a live-action film set in the universe of CD Projekt RED's video game "Cyberpunk 2077" alongside producer Lorenzo di Bonaventura, entertainment outlet Deadline reported on Thursday, which sent the…
CNA Economy Full text
KUALA LUMPUR, Oct 9 : State-run utility firm Tenaga Nasional Berhad expects electricity consumption in Peninsular Malaysia to reach 148.66 terawatt hours in 2027, as rapid data centre expansion drives up power demand, a government report…
CNA Economy Full text
Oct 9 : SoftBank Group CEO Masayoshi Son is seeking to raise up to $100 billion from Gulf investors to fund a new wave of AI investments, the Financial Times reported on Friday, citing people familiar with the matter.Son has held…
CNA Economy Full text
Meta's ban takes effect immediately in the US, Canada, Egypt, Indonesia, Japan, Thailand and Vietnam.
CNA Economy Full text
Oct 9 : Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted…
CNA Economy Full text
Global supply chains have proved more resilient than expected to disruptions from the Middle East conflict, the World Trade Organization’s chief economist Robert Staiger tells CNA’s Olivia Marzuki in an interview.
CNA Economy Full text
Oct 8 : Flock Safety plans to let go of about 18 per cent of its employees, people with direct knowledge of the plans said on Thursday, as the maker of AI-powered surveillance cameras and license-plate readers faces mounting opposition to…
CNA Economy Full text
TOKYO, Oct 9 : Japanese household spending fell less than expected in August from a year earlier, government data showed on Friday, for a ninth straight month of decline.• Consumer spending fell 3.1 per cent year-on-year, data from the…
CNA Economy Full text
TOKYO, Oct 9 : Bank of Japan Governor Kazuo Ueda has been invited to speak at the International Monetary Fund's central banking lecture on November 6, the IMF said on Friday.After delivering a speech, Ueda will hold a conversation with IMF…
CNA Economy Full text
Oct 8 : Chatbots created by AI companion company Character.AI sometimes advised users to cut, starve or kill themselves, according to a new filing by Kentucky’s attorney general in a lawsuit against the firm over child safety. The lawsuit…
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