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Latest crypto news and market updates from Channel NewsAsia.
Alibaba shares fall 8% after $10 billion Hong Kong share saleAug 24 : Alibaba shares fell 8 per cent in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development.The Chinese e-commerce and cloud computing company priced 710Channel NewsAsia
South Africa's former world boxing champion Tete shot dead outside his homeLAGOS, Aug 22 : Former world boxing champion Zolani "Last Born" Tete was shot dead outside his home in South Africa's Eastern Cape province on Friday, police and the country's sports minister said.The 38-year-old was arriving at his residence in Mdantsane township when two armed men wearing balaclavas got outChannel NewsAsia
Shakhtar to play Champions League home games at Chelsea's Stamford BridgeAug 21 : Shakhtar Donetsk will play their home matches in the Champions League's league phase at Chelsea's Stamford Bridge this season, both clubs announced on Friday.The Ukrainian champions have been unable to use their Donbas Arena since Russian-backed forces entered the region in 2014 and were further dispChannel NewsAsia
Apollo Global confirms data breach after hackers target financial firmsAug 21 : Asset manager Apollo Global Management suffered a data breach last month wherein hackers stole some personal information, according to a letter on Friday.The New York-based firm was among dozens of prominent U.S. financial institutions and other businesses that were recently targeted by ransom-seekinChannel NewsAsia
US teen drops lawsuit against Meta, Google and Snap ahead of trialAug 20 : A teen girl whose lawsuit was a test case in litigation accusing social media companies of deliberately addicting young people and fueling a mental health crisis dropped her claims against the owners of Instagram, Facebook, YouTube and Snapchat on Thursday, according to a court filing. The plaintiff,Channel NewsAsia
US Open announces record $108 million prize purseAug 20 : The U.S. Open will hand out $108 million in prize money at this year's final Grand Slam, it said on Thursday, marking the largest purse in tennis history and a 20 per cent jump from last year's total payout.The men's and women's singles champions at the August 23 to September 13 major in New York wilChannel NewsAsia
Oil prices steady as investors assess US-Iran war outlookTOKYO, Aug 20 : Oil prices steadied in early trade on Thursday as investors assessed the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz. Brent crude futures for October delivery rose 25 cents, or 0.3 per cent, to $91.87 a barrel by 0037 GMT, while U.S. West Texas InterChannel NewsAsia
Nick Kyrgios provisionally suspended after testing positive for cocaineFormer Wimbledon finalist Nick Kyrgios was provisionally suspended from tennis on Wednesday (Aug 19) after testing positive for cocaine, with the volatile Australian owning up to his "huge mistake" in a public apology.The International Tennis Integrity Agency (ITIA) announced the suspension of the 31-year-oldChannel NewsAsia
Kyrgios provisionally suspended after testing positive for cocaineAug 19 : Former Wimbledon finalist Nick Kyrgios was provisionally suspended from tennis on Wednesday after testing positive for cocaine, with the volatile Australian owning up to his "huge mistake" in a public apology.The International Tennis Integrity Agency (ITIA) announced the suspension of the 31-year-oldChannel NewsAsia
Iran's armed forces warn Gulf countries against assisting US militaryTEHRAN: Iran's armed forces on Wednesday (Aug 19) warned Gulf countries against assisting the United States military, saying it would be tantamount to joining American military operations."We wish to warn that any assistance or facilitation provided to the aggressor US military amounts to participation in theChannel NewsAsia
Japan bond yields near 3% as inflation, fiscal worries mountTOKYO, Aug 18 : Japan's benchmark bond yield is on the brink of hitting 3 per cent for the first time since the mid-1990s, highlighting how inflation, rising fiscal concerns and monetary policy expectations are reshaping a market long defined by low interest rates.A 10-year Japanese government bond yield at 3Channel NewsAsia
OpenAI slows model training to bolster security after Hugging Face hackSAN FRANCISCO, Aug 18 : OpenAI on Tuesday said it is slowing down the pace of its AI model development while it overhauls its research and training systems after OpenAI officials were caught unawares last month when an AI agent under testing hacked another AI firm Hugging Face.The AI research lab behind ChatGChannel NewsAsia
OpenAI unveils ChatGPT for Teens with stronger guardrails, parental controlsAug 18 : OpenAI introduced "ChatGPT for Teens" on Tuesday, tailored for minors with parental controls and enhanced security features in place, as platforms face fierce criticism over the risks associated with AI chatbots.The $852-billion startup faces multiple lawsuits alleging ChatGPT harmed children, as itChannel NewsAsia
Atletico coach Simeone to bench Alvarez amid transfer standoffAug 18 : Atletico Madrid will be without striker Julian Alvarez for their LaLiga opener against Malaga, coach Diego Simeone said on Tuesday as the Argentine remains embroiled in a transfer tug-of-war with Barcelona.The 26-year-old, who cost Atletico €75 million ($86.8 million) when he arrived from ManchesteChannel NewsAsia
Garcia blames Belgium’s doctors for World Cup strugglesAug 17 : Belgium's World Cup coach Rudi Garcia says their efforts at the tournament in Canada, Mexico, and the United States were hampered by their medical team.Garcia did not have his contract renewed after the World Cup and, in his first interview since, blamed the team's medical staff for setbacks that heChannel NewsAsia
ByteDance signs AI copyright pact with Hollywood trade groupAug 17 : ByteDance and the Motion Picture Association on Monday signed an agreement to strengthen copyright safeguards on the Chinese company's AI video and image-generation models, months after the Hollywood trade group challenged its handling of intellectual property.The deal, which covers ByteDance's SeedaChannel NewsAsia
American actress Hayden Panettiere dies at 36: ReportAmerican actress Hayden Panettiere, known for her roles in TV shows such as Nashville and Heroes, has died at the age of 36, ABC News reported on Sunday (Aug 16), citing her representative."It is with profound sadness that we share the tragic passing of our beloved Hayden. She was an incredible light and a foChannel NewsAsia
Ronaldo hints at retirement, says upcoming year could be his lastAug 16 : Cristiano Ronaldo has fuelled speculation about his retirement plans after saying the upcoming year will probably be the last of his playing career.The 41-year-old Portugal captain is one of the most decorated players of all time, winning major trophies with Manchester United, Real Madrid, Juventus aChannel NewsAsia
Sri Lanka fight back through spinners, India 460-9Aug 16 : Sri Lanka struck back through spinners but Devdutt Padikkal's elegant 167 powered India to a commanding 460-9 in the rain-plagued opening test in Galle on Sunday.Sri Lanka's spin pair of Prabath Jayasuriya (4-109) and Keshara Nuwantha (3-175) kept the hosts in the match but India scored nearly at fouChannel NewsAsia
Bangladesh claim first test win in Australia as Green ton in vainMELBOURNE, Aug 16 : Bangladesh chased down 57 runs to complete a landmark nine-wicket victory over Australia in the series-opener in Darwin on Sunday in one of test cricket's greatest upsets.Mominul Haque cut Beau Webster to the fence for the winning runs to seal Bangladesh's first test win in Australia withiChannel NewsAsia
Australian state to start gun buyback spurred by Bondi attackSYDNEY: Australia's most populous state will start a gun buyback scheme in November, Prime Minister Anthony Albanese said Saturday (Aug 15), launching a reform promised after last year's mass shooting at Bondi BeachChannel NewsAsia
Padikkal, Rahul fifties power India to 197-1 v Sri LankaAug 15 : India's KL Rahul and Devdutt Padikkal struck unbeaten fifties to propel the tourists to 197-1 at tea on day one of the opening test against Sri Lanka at Galle on Saturday.• Opener Yashasvi Jaiswal was run out for 32 before lunch after a mix-up with Rahul. India did not lose a wicket in the second sChannel NewsAsia
Powerful earthquake strikes off coast of Indonesia, tsunami warning issuedThe earthquake triggered a tsunami warning in Indonesia and prompted hundreds to evacuate.Channel NewsAsia
Trump says will 'soon' declare Hormuz strait US territoryUS President Donald Trump said the US has effectively blocked shipping through the Strait of Hormuz, saying, “we have the blockade. No ships get through unless we want them to.”Channel NewsAsia
Consortium including Amazon founder Bezos to buy minority stake in LiverpoolAug 14 : A consortium including Amazon founder Jeff Bezos has reached a definitive agreement to buy a minority stake in Liverpool, the Premier League club's owners Fenway Sports Group said on Friday.A source familiar with the matter said the stake is about one-third. FSG, which bought Liverpool in 2010, willChannel NewsAsia
Dollar falls on surprise drop in US retail salesNEW YORK, Aug 14 : The dollar fell on Friday after data showed U.S. retail sales unexpectedly declined in July, as traders weighed Federal Reserve policy and the prospect of a Bank of Japan rate hike next month aimed at supporting the yen.Retail sales dropped 0.6 per cent last month after an unrevised 0.2 perChannel NewsAsia
Trump allows Navy to build ships abroad, orders return to steam catapults on carriersUnited States President Donald Trump has allowed the Navy to build ships overseas and ordered it to abandon a complex system for launching jet fighters from its aircraft carriers and instead return to using steam catapults, the White House said on Thursday (Aug 13).Trump signed a national security memorandumChannel NewsAsia
Commentary: AI is changing how films are made, not what makes them worth watchingThe controversy over AI-generated local movies actually tells us something useful about AI, says The Teenage Textbook Movie director Phillip Lim.Channel NewsAsia
Fenerbahce sign striker Lukaku from NapoliAug 12 : Romelu Lukaku has swapped the Italian Serie A for the Turkish Super Lig after Fenerbahce announced the signing of the Belgian striker on Wednesday.Financial details were not disclosed but Italian media reported Fenerbahce agreed a €6 million ($6.92 million) fee plus performance-related bonuses forChannel NewsAsia
Lionel Messi says not certain to play 'much longer' after father's deathLionel Messi said on Wednesday (Aug 12) he is having doubts about continuing his career following the death of his father last week.Channel NewsAsia
Afghanistan to 'host' India for three-match T20I series in DelhiAug 12 : Afghanistan will be the "home" side when they meet India in three Twenty20 Internationals in September despite the series taking place at Delhi's Arun Jaitley Stadium.Afghanistan have largely played their home fixtures in the United Arab Emirates in recent years, with international sport yet to resumChannel NewsAsia
Democrats' battle between progressive and moderate in Wisconsin governor's race too close to callDemocratic socialist Francesca Hong and moderate David Crowley were locked in a tighter-than-expected battle for Wisconsin's closely watched Democratic gubernatorial primary election on Tuesday (Aug 12), in a key test for the appeal of progressive candidates in the battleground state. With more than 90 pChannel NewsAsia
Philippines' Marcos proposes $118 billion budget for 2027MANILA, Aug 11 : Philippine President Ferdinand Marcos Jr. asked Congress on Tuesday to approve a 7.2 trillion-peso ($118.1 billion) budget for 2027, 6 per cent higher than this year, as his government sought to regain momentum after a sharp economic slowdown and a corruption scandal that has slowed infrastructure sChannel NewsAsia
US SEC exempts certain data center bonds from key securitization rulesAug 10 : The U.S. Securities and Exchange Commission has made it easier for data center owners to sell asset-backed securities, as the AI boom expands deeper into financing markets.The regulator's clarification came in response to a letter from law firm Latham & Watkins."We agree that the fixed-incomeChannel NewsAsia
Badminton-India's world championships organisers hire monkey whisperersNEW DELHI, Aug 10 : The workforce behind badminton's World Championships in New Delhi next week will include a small group of men with an unusual skill: mimicking the calls of langur monkeys.Rhesus monkeys are a menace in India's national capital, often gatecrashing buildings and attacking unsuspecting pedestChannel NewsAsia
Intel launches $15 billion share sale as turnaround rally lifts stockAug 10 : Intel is planning to raise $15 billion through a share sale, the U.S. chipmaker said on Monday as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by its turnaround efforts.Once the dominant force in the global chip industry, InteChannel NewsAsia
Ukraine warns of tough winter as Russia strikes kill 4 in Kyiv regionBELGRADE: President Volodymyr Zelenskyy warned Saturday (Aug 8), during a visit to Belgrade, that Ukraine was facing a winter with basically no working thermal power plants as overnight Russian strikes left four dead, including a child, in the Kyiv region.Speaking alongside his Serbian couChannel NewsAsia
Vollering wins stage eight, takes Tour de France Femmes overall leadAug 8 : Dutch rider Demi Vollering won a gruelling eighth stage of the Tour de France Femmes on Saturday to take the yellow jersey ahead of the race's final day.The 171.9-km mountain stage from Sisteron to Nice was decided by a late attack from the FDJ United-Suez rider, who caught her rivals by surprise andChannel NewsAsia
Moismane set for second spell as South Africa coachJOHANNESBURG, Aug 8 : South Africa have approached Pitso Mosimane to return for a second spell as manager to replace veteran Hugo Broos.South African FA President Danny Jordaan said Mosimane was the choice but "we still need to tie up some loose ends."We will make a formal announcement of the coach nexChannel NewsAsia
UAE says Iran targeted tanker as Oman cites progress in Hormuz talksIranian Foreign Minister Abbas Araqchi said Iran and Oman were "very close" to agreement on a new shipping route through the Strait of Hormuz, but that reopening the strait depended on other conditions, including US compensation to Iran.Channel NewsAsia