Motorola Solutions lifts annual guidance on resilient public safety demand

Aug 5 : Motorola Solutions raised its full-year revenue outlook above Wall Street estimates, betting on strong demand for public safety communications equipment and software.The company, which makes radio communication equipment, 911 emergency call handling software, and body cameras widely used by law enforc

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Meta's AI model hacked another company during testing, The Information reports

Aug 5 : Meta's Muse Spark AI model hacked another company during cybersecurity testing, The Information reported on Wednesday.The model breached the company's systems and made changes to its internal systems due to a misconfiguration, the Information said, citing people familiar with the matter.Reuters

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Axon posts lower quarterly gross margin on higher mix of services, new product scaling

Aug 5 : TASER-maker Axon Enterprise posted lower second-quarter gross margin on Wednesday, weighed by a higher mix of less lucrative professional services and investments in scaling new product offerings. Shares of the Scottsdale, Arizona-based company fell more than 6 per cent in aftermarket trading followin

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From faded letters to WeChat: How some Teochew families in Southeast Asia are finding long-lost relatives

Following the success of Chinese box office hit Dear You, more Singaporeans and Malaysians of Teochew descent are turning to a volunteer network in China to trace their roots and reconnect with long-lost relatives.

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Commentary: Why Washington can no longer treat Ukraine and Iran as separate wars

As the two wars increasingly collide, what looked like a geopolitical win for Russia has also become an opportunity for Ukraine, says international security professor Stefan Wolff.

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Singapore's bicycle rental shops fight to survive as bike-sharing grows

Three rental shop owners told CNA how bike-sharing's lower prices and convenience have forced them to downsize, diversify or consider shutting down.

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Commentary: AI didn’t ruin these films. It made them possible

Bloomberg Opinion's Catherine Thorbecke went to an AI film festival expecting slop, and left surprised by how much humanity emanated from the screen.

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Chime lifts 2026 revenue forecast on robust demand, CFO to step down

Aug 5 : Chime raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb. Shares of the company jumped 9 per cent in extended trading on Wednesday. Chime and fel

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Canada PM Carney says he does not have confidence in FIFA's Infantino

TORONTO, Aug 5 : Canadian Prime Minister Mark Carney said on Wednesday that he did not have confidence in FIFA President Gianni Infantino over the handling of his proposal to sell off commercial rights to the soccer World Cup.Infantino was holding a crisis meeting with top FIFA officials in Morocco on Wednesd

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Blue Origin zeroes in on rocket engine issue as source of New Glenn explosion

WASHINGTON, Aug 5 : A massive explosion of Blue Origin's centerpiece New Glenn rocket in May was triggered by an issue with one of the rocket's seven BE-4 engines, the company's CEO said on Wednesday, as it races to return the vehicle to flight later this year."The anomaly originated at the main oxygen valve

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Woman arrested after four men stabbed in central London

Two men remain in hospital with non-life-threatening injuries, while the other two have been discharged.

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Duolingo's soft quarterly revenue outlook overshadows stronger user growth forecast

Aug 5 : Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its stronger user growth forecast as the language-learning company prioritizes boosting engagement over near-term monetization.Its shares slumped more than 10 per cent in extended trading.

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Trump administration to impose 15% tariff on polysilicon, sources say

WASHINGTON, Aug 5 : The Trump administration is planning to impose a 15 per cent tariff on polysilicon derivative products, sources told Reuters on Tuesday.It also plans to unveil the results of its Section 232 investigation into foreign imports of polysilicon as soon as Thursday, the sources said.

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Figma lifts annual revenue forecast as AI efforts drive solid demand

Aug 5 : Figma lifted its annual revenue forecast on Wednesday, encouraged by strong demand for its design software products, as the company's efforts to integrate AI in its tools helped attract and retain more users. Shares of the company, however, fell 10 per cent in extended trading after it kept its annual

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Etsy lays off 12% of workforce as part of restructuring plan

(Corrects last paragraph to reflect that Etsy is reporting results on Wednesday, not Thursday)By Arriana McLymoreNEW YORK, NY, Aug 5 : Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12 per cent of its workforce, as part of a restructuring plan it hopes will "improve coord

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Israel resumes Lebanon strikes as talks underway in Rome

The Israeli military said it was "compelled to act" after accusing Hezbollah of violating the ceasefire.

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FIFA says leadership fully supports President Infantino

Aug 5 : FIFA said on Wednesday its leadership reaffirmed "full support" for President Gianni Infantino at a crisis meeting with senior officials of world soccer's governing body in Morocco.

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Da Paolo’s next chapter: Fewer outlets, new concepts and a sharper eye on what diners want

After weathering downturns, changing dining habits and the pandemic, Da Paolo CEO Guillaume Pichoir is steering the 37-year-old Singapore F&B group towards its next phase of growth with Tutto and a more selective expansion strategy.

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Da Paolo’s next chapter: Fewer outlets, new concepts and a sharper eye on what diners want

After weathering downturns, changing dining habits and the pandemic, Da Paolo CEO Guillaume Pichoir is steering the 37-year-old Singapore F&B group towards its next phase of growth with Tutto and a more selective expansion strategy.

cnaluxury.channelnewsasia.com

Meta launches new AI coding tool powered by Muse Spark 1.2

Aug 5 : Meta Platforms on Wednesday launched Muse Code, a coding tool powered by its latest AI model, Muse Spark 1.2, designed to help developers write and debug software.The launch highlights the social media giant's push into AI-powered coding tools, where it competes with Anthropic's Claude and OpenAI's Co

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Dow edges to record as markets parse prospects for Hormuz deal

Analyst Patrick O'Hare said markets remained "bullish minded" on hopes of reopening the Strait of Hormuz.

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Sandisk forecasts upbeat quarterly revenue on AI-driven demand

Aug 5 : Sandisk forecast quarterly revenue above estimates on Wednesday, banking on rising demand for its memory chips used in AI data centers.Shares of the Milpitas, California-based company fell more than 3 per cent in extended trading, after rising more than five-fold this year alongside a broader rally in

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Russian barrage on Kyiv kills 17 as Ukraine calls for more interceptors

Ukraine's President Volodymyr Zelenskyy said more US-made Patriot interceptors could help protect civilians from Russia’s intensified attacks.

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EBay forecasts quarterly revenue above estimates

Aug 5 : EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace.The company has sharpened its focus on enthusiast buyers through "focus cat

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Chime lifts 2026 revenue forecast on robust demand, CFO to step down

Aug 5 : Chime on Wednesday raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb. The company and fellow fintechs have bloomed by attracting younger customers thro

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Etsy lays off 12% of worker as part of restructuring plan

NEW YORK, NY, Aug 5 : Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12 per cent of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U.S. Securities and Exchange Commission filing on Wednesday.

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Trump administration to impose 15% tariff on polysilicon, sources say

WASHINGTON, Aug 5 : The Trump administration is planning to impose a 15 per cent tariff on polysilicon derivative products, sources told Reuters on Tuesday.It also plans to unveil the results of its Section 232 investigation into foreign imports of polysilicon as soon as Thursday, the sources said.

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Canada PM Carney says he does not have confidence in Fifa's Infantino

TORONTO, Aug 5 : Canadian Prime Minister Mark Carney said on Wednesday that he did not have confidence in FIFA President Gianni Infantino over the handling of his proposal to sell off commercial rights to the soccer World Cup."The idea that proper governance is not to disclose to your closest advisers, your c

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Woman arrested after four men stabbed in central London

Two men remain in hospital with non-life-threatening injuries, while the other two have been discharged.

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Blue Origin zeroes in on rocket engine issue as source of New Glenn explosion

WASHINGTON, Aug 5 : A massive explosion of Blue Origin's centerpiece New Glenn rocket in May was triggered by an issue with one of the rocket's BE-4 engines, the company's CEO said on Wednesday as it races to return the vehicle to flight later this year.

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