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CNA Economy Full text
Nov 7 : Binance said on Saturday that Chief Financial Officer Kaiser Ng would leave the company and be succeeded by Justin Yek, days after hackers stole a record $6.3 billion from the world's biggest cryptocurrency exchange."Kaiser Ng has…
CNA Economy Full text
Nov 7 : Russian President Vladimir Putin has expanded the list of Japan Tobacco International (JTI) businesses placed under temporary administration in Russia, adding three more companies to those included in the original order issued on…
CNA Economy Full text
WASHINGTON, Nov 7 : Billions of years from now, the sun is expected to run out of fuel and greatly expand into what is called a red giant, eventually shedding its outer layers and leaving behind its dense core, a white dwarf. Some of the…
CNA Economy Full text
Nov 6 : SpaceX disclosed on Friday that Google executive Donald Harrison has resigned from the rockets-to-AI company's board after more than a decade. Here are some details:• Harrison notified SpaceX of his resignation on November 4, and…
CNA Economy
The three Singapore banks reported a mixed bag of earnings this week, with DBS and UOB missing analysts' expectations.
CNA Economy Full text
Nov 6 : SpaceX disclosed on Friday that Google executive Donald Harrison has resigned from the rockets-to-AI company's board after more than a decade. Here are some details:• Harrison notified SpaceX of his resignation on November 4, and…
CNA Economy Full text
Any reasonable person can see the hallmarks of an unsustainable party in markets, says the Financial Times’ Katie Martin.
CNA Economy Full text
NEW YORK: Tech shares rose Friday (Nov 6), recovering a fraction of losses from the prior session's rout as the dollar rallied after better-than-expected US jobs data. Investors welcomed a partial recovery for the tech-heavy Nasdaq after…
CNA Economy Full text
Nov 6 : Google has acquired Crusoe's data center site in southeast Wyoming, the AI infrastructure developer said on Friday, a day after the Alphabet unit announced a $17-billion investment in the project.Here are some details:• Google…
CNA Economy Full text
NEW YORK/LONDON, Nov 6 : Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value were wiped out over fears that Democratic election victories this week would bring tighter US…
CNA Economy Full text
NEW YORK/LONDON, Nov 6 : Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value was wiped out over fears that Democratic election victories this week would bring tighter US…
CNA Economy Full text
CHICAGO, Nov 6 : The US Department of Agriculture will use an artificial intelligence tool it built to check data in next week's monthly crop production report, agency officials said, after a series of data missteps eroded farmers' and…
CNA Economy Full text
Nov 6 : OpenAI will press ahead with its US data-center expansion plans despite a Democratic midterm sweep this week that has fueled fears of tighter scrutiny of the facilities, its Chief Financial Officer Sarah Friar told CNBC in an…
CNA Economy Full text
Nov 6 : Microsoft is winding down an arrangement to rent AI computing from Oracle as part of a larger reassessment of billions of dollars in cloud partnerships, Bloomberg News reported on Friday, citing people familiar with the…
CNA Economy Full text
WASHINGTON, Nov 6 : Bank of Japan Governor Kazuo Ueda said on Friday the central bank expects underlying inflation to stay around its 2 per cent target but recognizes there are "some upside risks".The rise in prices of energy-related…
CNA Economy Full text
SAO PAULO, Nov 6 : Brazilian digital lender Nubank and Mercado Pago, the fintech arm from MercadoLibre, have halted some cryptocurrency transfers due to disruptions from an external data provider, the companies said in separate statements…
CNA Economy Full text
LONDON, Nov 6 : A rout in technology stocks as confidence in the AI trade falters could test the resilience of global financial markets from New York to Taipei. The tech-heavy Nasdaq 100 rose nearly 2 per cent on Friday, clawing back some…
CNA Economy Full text
WASHINGTON, Nov 6 : Bank of Japan Governor Kazuo Ueda on Friday said rapid advancements in artificial intelligence had provided a positive demand shock for the Japanese economy, but supply side factors would also need to be studied.Ueda…
CNA Economy Full text
Nov 6 : Fox Corp on Friday completed its $22 billion acquisition of Roku, a major bet that the streaming platform will bolster the broadcaster's advertising business and expand the online reach of its sports and news programming.Announced…
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