China Extends Trade Truce with US by Two Months
China has effectively extended its trade truce with the United States by two months, announcing the continued suspension of several trade measures ahead of the agreement’s scheduled expiry on Tuesday. The move comes as...
AI Data Centre Boom Sparks Global Hunt for Used Gas Turbines and Jet Engines
The rapid expansion of artificial intelligence (AI) data centres is triggering a global scramble for second-hand gas turbines, refurbished power equipment and repurposed jet engines as manufacturers struggle to meet soaring demand. With delivery...
NextDC Halts Uncontracted Projects Amid Melbourne Data Centre Setback
Australian data centre operator NextDC has announced a suspension of work on projects without customer contracts following significant delays and community opposition to its flagship M3 data centre expansion in Melbourne. The setback, driven...
Oil Prices Fall as Trump Signals No Immediate Fresh Strikes on Iran
Oil prices declined on Monday after US President Donald Trump played down the possibility of renewed military strikes on Iran, easing fears of further escalation in the Middle East. Brent crude fell $1.65, or...
Google Warns Australian Internet Safety Bill Could Block Under-18s from Gmail
Google has warned that Australia’s proposed Digital Duty of Care legislation could force the company to restrict access to Gmail and other everyday online services for users under 18. Speaking at a Senate hearing...
EU Charges TikTok Over Harmful Algorithmic Content Recommendations
The European Union has charged TikTok with breaching its online content regulations over concerns that its recommendation algorithm creates a harmful “rabbit hole” effect, continuously exposing users to similar videos. The European Commission said...
Alphabet Builds $548 Million Stake in Qualcomm, Boosting Chipmaker’s AI Ambitions
Alphabet has acquired a stake worth nearly $548 million in longtime technology partner Qualcomm during the third quarter, strengthening the chipmaker’s efforts to expand its presence in the data centre and artificial intelligence markets....
Tesla to Wind Down Cybertruck Production by Mid-2027
Tesla will wind down Cybertruck production at its Texas Gigafactory around mid-2027, CEO Elon Musk announced on Friday, marking a significant shift in the electric vehicle maker’s strategy following years of disappointing sales. The...
Ralph Lauren Raises Annual Outlook Despite Shares Falling on Slower Growth Forecast
Ralph Lauren raised its full-year revenue and operating margin forecasts on Thursday, supported by strong demand in North America and Asia. However, its shares fell around 3% in early trading after the company projected...
Nasdaq Slips as Chip Stocks Weigh on Wall Street
Wall Street opened mixed on Thursday, with the Nasdaq Composite declining as losses in chipmakers and data centre-related stocks weighed on technology shares. The broader market remained relatively subdued following the previous session’s rally,...