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CNA Economy Full text
Oct 26 : NEXTDC CEO Craig Scroggie will give up his fiscal 2027 bonus opportunities, the Australian data centre operator said on Monday, after it slashed its revenue forecast and paused future developments last week.Here are some details:•…
CNA Economy Full text
Oct 25 : Elon Musk said on Sunday that SpaceX had closed $40 billion in debt financing for graphics processing units, underscoring the soaring cost of building AI computing capacity. Musk, in a post on X, attributed the successful debt…
CNA Economy Full text
Oct 25 : Elon Musk said SpaceX had closed $40 billion in debt financing for graphics processing units, adding the company's investment-grade status and revenue from its Starlink satellite internet and launch businesses had helped preserve…
CNA Economy Full text
Oct 23 : Amazon CEO Andy Jassy said on Friday that Amazon Web Services' cloud computing capacity is largely sold out through 2027, with significant commitments extending into 2028, on growing demand for AI infrastructure.In a video podcast…
CNA Economy Full text
LONDON, Oct 24 : Britain's government set out around £600 million ($800 million)of funding on Saturday largely geared towards defending against health and security threats from artificial intelligence.The biggest chunk of funding will go…
CNA Economy Full text
AMSTERDAM, Oct 23 : The discovery of two serious flaws in PHP this week set off a global scramble to keep websites safe from hackers, showing just how critical the three-decade-old open-source programming language is to the internet.Yet…
CNA Economy Full text
Oct 23 : Sam Altman-led OpenAI said on Friday it had resumed reinforcement learning training and internal use of its most advanced AI solutions after it tightened security controls and barred internet access for frontier-model…
CNA Economy Full text
NEW YORK, Oct 23 : Big AI stocks were mixed on Friday, a day after the biggest decline in the Nasdaq Composite Index in four months, giving investors a welcome respite as they look forward to more information on Anthropic's forthcoming IPO…
CNA Economy Full text
WASHINGTON, Oct 23 : US Senator Marsha Blackburn, a Tennessee Republican, on Friday raised concerns about Facebook parent Meta Platforms' plan to update its commercial terms, saying it could harm businesses and creators.Blackburn, who is…
CNA Economy Full text
NEW YORK/LONDON, Oct 23 : Major stock indexes ended lower on Friday even as tech shares mostly steadied, while Brent crude oil rose to its highest level in nearly six months after Houthi attacks in Saudi Arabia.The Nasdaq eased. European…
CNA Economy Full text
NEW YORK/LONDON, Oct 23 : Major stock indexes ended lower on Friday even as tech shares mostly steadied, while Brent crude oil rose to its highest level in nearly six months after Houthi attacks in Saudi Arabia.The Nasdaq eased. European…
CNA Economy Full text
Oct 23 : US telecom stocks declined on Friday after a report that SpaceX was seeking thousands of cell sites for a fourth wireless carrier, fueling concerns over fresh competition.Elon Musk's rocket and space technology company was in…
CNA Economy Full text
WASHINGTON, Oct 23 : US President Donald Trump said on Friday that if there was still a problem with access to Starlink communication systems in Ukraine, he would get it straightened out.Trump told reporters at the White House that he had…
CNA Economy Full text
(Corrects to add attribution in headline)Oct 23 : Global data center spending is expected to hit $1 trillion in 2026 and more than double to $2.1 trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing…
CNA Economy Full text
BRUSSELS, Oct 23 : Meta Platforms will extend the implementation date of updated commercial terms to November 20 from October 30 so it can address concerns from publishers and digital advertisers, the US tech company said on Friday.Meta's…
CNA Economy Full text
WASHINGTON, Oct 23 : People can readily share images and sounds digitally, as evidenced by the billions of smartphones in use globally that often overload the human senses of sight and hearing. But smell generally remains missing from…
CNA Economy Full text
WASHINGTON, Oct 23 : Advances in artificial intelligence have uncovered a stream of new software vulnerabilities that are almost certain to trigger more disruption along the lines of the outages that percolated across global government…
CNA Economy Full text
Weak demand in China and Japan weighed on the luxury brand's third-quarter performance, complicating efforts to revive its struggling parent company.
CNA Economy Full text
Oct 23 : The euro headed for a moderate weekly loss as France's sovereign risk premium resumed its climb, while the yen was on track for its biggest rise since early September after attracting safe-haven demand amid a sell-off in…
CNA Economy Full text
BENGALURU, Oct 23 : South Korea's economy grew slightly faster in the third quarter than in April to June, as booming semiconductor exports and AI-related investment helped offset still-uneven domestic demand, a Reuters poll of economists…
CNA Economy Full text
TOKYO, Oct 23 : Japan's annual core consumer inflation exceeded the central bank's 2 per cent target in September for the first time in nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a…
CNA Economy Full text
Oct 22 : SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people familiar with the matter.The agreements would…
CNA Economy Full text
(Refiles to add dropped words "unsolicited links" in SCAMMERS section)By AJ VicensOct 22 : Much of the world woke Wednesday to news that PHP, a coding language most people have never heard of but that underlies roughly 70 per cent of all…
CNA Economy Full text
Among the G7, France and the US are heading into a wall, says Chris Giles for the Financial Times.
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