United States President Donald Trump said he expects to have the “honour of taking Cuba”, after a U.S.-imposed oil blockade plunged the country into darkness due to a total power blackout. “Whether I free it, take it, I think I can do anything I want with it,” Trump told reporters in the Oval Office. “They’re a very weakened nation right now.” Trump also said he could do “anything (he) wa
Many United States allies have said they will not send ships to escort vessels through the Strait of Hormuz, with U.S. President Donald Trump complaining that they “weren’t that enthusiastic”. Countries including Australia, Japan, and Germany have said they do not have plans to send escort ships. Trump has repeatedly called for allied countries to begin dispatching ships to the strait for escor
Two companies most investors had never heard of 18 months ago landed a combined US$30 billion-plus in contracts from Magnificent Seven heavyweights in a single week - and NVIDIA is bankrolling the lot. Amsterdam-based Nebius Group (NASDAQ: NBIS) and London-headquartered Nscale released a string of announcements at NVIDIA's GTC 2026 conference as the world's largest tech companies increasingly t
The Reserve Bank of Australia (RBA) Monetary Policy Board agreed official interest rates needed to increase despite being split on the timing, according to RBA Governor Michele Bullock. Earlier, the RBA announced it had lifted Australia’s official cash interest rate by 25 basis points to 4.10%, as forecast by many economists. The announcement came at the end of the traditional two-day bi-mon
The world’s most valuable company, Nvidia, expects to double revenue to US$1 billion (A$1.41 trillion) by 2027. The bold forecast was made by Chief Executive Officer Jensen Hang at the company’s GTC (GPU Technology Conference) event on Monday (Tuesday AEDT), according to media coverage. “Between 2025 and 2027, Nvidia’s artificial intelligence hardware is projected to generate $1 trillion in
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The Reserve Bank of Australia (RBA) lifted the official cash interest rate by 25 basis points to 4.10% on Tuesday. The announcement, which was forecast by many economists, came at the end of the traditional two-day bi-monthly meeting of RBA’s Monetary Policy Board. The chances of an increase to 4.1% had been rated at 58% by the Australian Securities Exchange’s RBA rate tracker on Monday.
Semiconductor maker Micron announced that it will be opening a second manufacturing facility in Taiwan at the Tongluo site it recently acquired. The site, which was acquired from Powerchip Semiconductor Manufacturing Corp, includes 300,000 square feet of existing cleanroom space, the controlled area in which memory chips are produced. Micron said the new facility would boost its manufacturin
British Airways (BA) will return to Melbourne for the first time since 2006 when it launches daily flights between Melbourne Airport and London Heathrow Airport in January 2027. Melbourne Airport said the British carrier would operate daily services from Melbourne to London via Kuala Lumpur from 11 January using a four-class Boeing Dreamliner 787-9 aircraft. From 9 January, flight BA33 will
United States homebuilder sentiment rose slightly in March, though affordability concerns persisted amid high construction costs and economic stress stemming from the U.S.’ war against Iran. Builder confidence in the market for single-family housing increased by one point to 38, per the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index. Reuters-polled economists had
Apple has acquired video editing company MotionVFX, which offers plug-ins, templates and visual effects tools that work with Apple’s Final Cut Pro. In a post to its website, MotionVFX said it was “extremely excited” to join the Apple team. “For over 15 years, we’ve been on a mission to create world-class, visually inspiring content and effects for video editors. From the very beginning, we’v
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