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CNA Economy Full text
NEW YORK, Oct 14 : The Knot Worldwide has agreed to buy its smaller peer Zola, adding to its portfolio of leading wedding-planning brands, according to two people familiar with the deal. The Knot, which is owned by investment firm Permira…
CNA Economy Full text
NEW YORK, Oct 14 : An OpenAI employee who left the ChatGPT maker for Apple sent more than 100 files about an unreleased product to a personal account and later made a presentation about the unreleased product to senior Apple leadership, a…
CNA Economy Full text
MEXICO CITY, Oct 14 : Mexican President Claudia Sheinbaum said on Wednesday that she would sign a presidential decree later in the day requiring digital platforms, including social networks and streaming sites, to shield children and…
CNA Economy Full text
Oct 14 : Australian shipbuilder Austal said on Wednesday it had extended the due diligence period for Hanwha Group, allowing the South Korean conglomerate more time to formulate a formal offer for its US business, sending its shares…
CNA Economy Full text
SEOUL, Oct 14 : SK Group Chairman Chey Tae-won has agreed the sale of a 1.34 per cent stake in holding company SK Inc to an investment fund linked to Dell Technologies founder Michael Dell for 544 billion won ($406 million), a regulatory…
CNA Economy Full text
HONG KONG, Oct 14 : Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead of U.S. inflation data later in the…
CNA Economy Full text
TOKYO, Oct 14 : Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen's Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia.Brent crude futures rose 89 cents, or…
CNA Economy Full text
On a quarter-on-quarter seasonally adjusted basis, Singapore's economy grew 1.1 per cent, compared to the 1.5 per cent growth in Q2.
CNA Economy Full text
Oct 13 : The partial skull of a tiger-sized predator that prowled what is now the Isle of Wight off England's southern coast about 120 million years ago is giving scientists a better understanding of an enigmatic group of meat-eating…
CNA Economy Full text
TOKYO, Oct 14 : SoftBank's promise to pay its highest-ever yields in a record $11 billion junk-bond offering highlights the pressure on CEO Masayoshi Son to secure returns on his all-in bet on AI amid concerns about possible overheating in…
CNA Economy Full text
Oct 13 : UK finance minister John Healey is expected to announce that online marketplaces such as Amazon.com, eBay and Temu will be made responsible for collecting tax owed by retailers selling on their platforms, The Times reported on…
CNA Economy Full text
Just as the luxury industry appeared to be turning a corner, demand in China has weakened again. LVMH’s fashion and leather goods sales fell 5 per cent, raising fresh questions about when the downturn will end.
CNA Economy Full text
NEW YORK, Oct 13 : Apple on Tuesday unveiled a smart-home hub that taps iPhone user data to make Siri more personal, but promised privacy safeguards designed to keep that information out of the company's hands.The HomeView smart-home hub…
CNA Economy Full text
MEXICO CITY, Oct 13 : US carrier AT&T said on Tuesday it agreed to sell its Mexican unit to a consortium made up of Mexico's Grupo Televisa and Fintech Holdings for $2 billion in cash, as it sharpens its focus on domestic fiber and 5G…
CNA Economy Full text
Oct 13 : OpenAI said on Tuesday that the Federal Bureau of Investigation had arrested a former employee in connection with a sophisticated listening device found hidden in one of its offices.The ChatGPT maker had used its internal AI…
CNA Economy Full text
FRANKFURT, Oct 13 : The increased use of AI by euro zone companies could curb workers' ability to demand higher wages while heavy investment into the new technology may be materially tightening financing conditions, ECB chief economist…
CNA Economy Full text
Oct 13 : More than two dozen lawmakers on Tuesday asked the Federal Aviation Administration to pause the use of a new AI tool in the Washington area to assist air traffic controllers, citing safety concerns.The lawmakers including…
CNA Economy Full text
WILMINGTON, Delaware, Oct 13 : Chip technology supplier Arm Holdings breached a licensing agreement with Qualcomm and intentionally interfered with the chipmaker's business relationship with Meta Platforms, a Delaware jury found on…
CNA Economy Full text
Oct 13 : Scaleway will build an AI supercomputer in Sweden, its first outside France, running on AI chips from AMD, the French cloud company said on Tuesday during its annual AI conference in Paris.Scaleway said the machine would be the…
CNA Economy Full text
WASHINGTON, Oct 12 : NASA's robotic Perseverance rover has now driven farther than any other vehicle on the surface of any world other than Earth, racking up 28.1 miles (45.2 km) since arriving on Mars in 2021, the US space agency said on…
CNA Economy Full text
TOKYO: The ratio of Japanese households expecting prices to rise a year from now hit 88.6 per cent in September, a quarterly Bank of Japan survey showed on Tuesday, down from 90.4 per cent in the previous survey.The survey also showed 86.5…
CNA Economy Full text
TOKYO, Oct 13 : Japan's NTT Data Group, a unit of telecommunications giant NTT, is in the final stages of talks to build a data centre in Osaka, western Japan, for US AI company Anthropic, the Nikkei business daily reported on Tuesday…
CNA Economy Full text
NEW YORK: The International Monetary Fund trimmed its growth forecasts for Latin America and the Caribbean for this year and next and said most of the region was getting little lift from the artificial intelligence boom that has helped…
CNA Economy Full text
TOKYO, Oct 13 : Japanese manufacturer Omron will buy US industrial PC firm Onlogic and its parent company, Interlogic, for $675 million, the company said on Tuesday.The acquisition is intended to develop Omron's physical artificial…
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