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CNA Economy Full text
Oct 21 : IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported better-than-expected…
CNA Economy Full text
Oct 21 : Meta raised the lower end of its annual spending forecast on Wednesday and said it would introduce new non-voting shares, in a move that would help fund its costly AI expansion.Shares of the company rose more than 4 per cent in…
CNA Economy Full text
Oct 21 : Electronic Arts is planning to close BioWare, the developer of the "Mass Effect" series of games, and lay off employees to focus on more lucrative projects, the company said on Wednesday in an email to employees. Here are some…
CNA Economy Full text
NEW YORK, Oct 21 : BlackRock rolled out another in a suite of exchange-traded funds tied to AI on Wednesday, even as the willingness of investors to wholeheartedly embrace the theme has hit speed bumps.The global asset manager said that…
CNA Economy Full text
Oct 21 : Anthropic said on Wednesday that Christopher Stubbs, former dean of science at Harvard University, had joined its oversight body, which holds the power to appoint a majority of the AI startup's board.Here are some details:• The…
CNA Economy Full text
The US$25 billion penalty comes as Meta faces a series of legal cases over its handling of users’ personal data.
CNA Economy Full text
Oct 21 : OpenAI said on Wednesday it was expanding advertising on ChatGPT to 26 more countries, bringing the total to 89, as the AI company beefs up its advertising business to boost revenue ahead of a potential initial public offering.The…
CNA Economy Full text
Oct 21 : Self-driving truck company Einride said on Wednesday it would broaden its partnership with Nvidia by testing the chipmaker's AI reasoning model, Alpamayo, in its self-driving vehicles, aiming to speed up the expansion of…
CNA Economy Full text
PARIS, Oct 21 : Telecoms operator Orange said on Wednesday that an incident affecting its mobile network in France was causing major disruptions to its customers across the country.Technical teams are working to identify the cause of the…
CNA Economy Full text
Oct 21 : South Korean entertainment platform Korai Flix will go public in the U.S. through a $3.5 billion merger with special purpose acquisition company APEX Tech Acquisition, the companies said on Wednesday.The deal comes as SPACs, an…
CNA Economy Full text
Oct 21 : Elon Musk sees "a lot of merit" in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way.That tension runs…
CNA Economy Full text
Oct 21 : Toyota is recalling 105,794 vehicles in the US over a potential fuel leak that could raise the risk of fire if it reaches an ignition source, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.Here are…
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Oct 21 : The developers of the widely used PHP programming language said on Wednesday they would release patches for two critical vulnerabilities, as EU cybersecurity officials warned organisations unable to apply the fixes should take…
CNA Economy Full text
Oct 21 : US President Donald Trump said if companies want to make data centers popular, they should pay the community or individuals within the community a "dividend". "I have watched the process closely, and data centers that were highly…
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HONG KONG: Finance ministers from member economies in the Asia-Pacific Economic Cooperation (APEC) forum have agreed to strengthen macroeconomic policy communication and coordination to address external risks and challenges, Chinese…
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Oct 21 : State Bank of India on Wednesday reported a cyberattack that resulted in the disclosure of 3,897 customer records containing personally identifiable information on the dark web.SBI said a preliminary analysis showed that the…
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TOKYO, Oct 21 : Japanese exports in September rose 16.7 per cent year-on-year, up for a 13th straight month, data from the Ministry of Finance showed on Wednesday.The result compared with a 20.1 per cent increase expected by economists in…
CNA Economy Full text
LOS ANGELES, Oct 20 : AI data center construction projects, particularly near Dallas/Fort Worth and Washington, DC, are generating new demand for warehouse space and helped send rents higher in the third quarter, real estate services…
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From smashed storefronts to looted luxury boutiques, retailers across France are counting the cost of a weekend of riots that left businesses struggling to protect their premises.
CNA Economy Full text
TOKYO, Oct 21 : The Bank of Japan will raise interest rates in December to 1.50 per cent, following June and September increases, according to a majority of economists in a Reuters poll, keeping up a quicker pace in a campaign that started…
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India is inserting itself deeper into the global electronics supply chain. Has that progress been worth what taxpayers have paid for? Andy Mukherjee weighs in for Bloomberg Opinion.
CNA Economy Full text
Oct 20 : Super Micro Computer said on Tuesday it expects quarterly revenue and profit margin well above Wall Street estimates as the server maker benefits from relentless AI data center demand, sending its shares 11.3 per cent higher in…
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Oct 20 : Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be "a good idea" and that they had formed special committees to discuss a union, sending shares of the space and technology company up 8 per cent…
CNA Economy Full text
Oct 20 : Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be "a good idea" and that they had formed special committees to discuss a union, sending shares of the space and technology company up 4.9 per…
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