The United States has announced a significant easing of sanctions on Iran's energy sector, allowing dollar-denominated trade in Iranian oil for the first time in more than four decades as Washington and Tehran continue negotiations aimed at securing a permanent peace agreement. The U.S. Treasury on Monday issued a broad 60-day exemption, known as General License X, permitting Iran to produce an
Australia's Consumer Price Index (CPI), which measures household inflation and tracks changes in the prices of goods and services across categories of household expenditure, rose 4.0% in the 12 months to May 2026, according to fresh data from the Australian Bureau of Statistics (ABS), easing from a 4.2% increase in the previous period and coming in below market expectations of 4.4%. The largest
Artificial intelligence chipmaker Cerebras Systems' debut earnings report delivered strong top-line growth, but an admission that it is renting its own chips back from a UAE customer to meet demand sent investors to the exit. Cerebras (NASDAQ: CBRS) posted revenue that almost doubled in the year to March, but warned margins would contract sharply in the current quarter, triggering a sell-off th
FedEx Corp shares fell in after-hours deals on Tuesday (Wednesday AEST) due to concerns about lower margins and despite the global delivery company surpassing profit estimates in the fourth quarter of the 2026 financial year (Q4 FY26) and forecasting 11% revenue growth. FedEx said net income fell 3% to US$1.60 billion (A$3.03 billion) and diluted earnings per share (EPS) dropped 4% to $6.60 on
Super Nation is a fortnightly column that examines, explains and analyses key issues in one of Australia's largest, fastest-growing and most important industries: superannuation. At a time when the Australian Government is on the back foot for introducing and watering down controversial tax changes in the face of growing criticism, it is being asked to contribute funds to an out-of-control comp
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Microsoft and Chevron have inked a 20-year commercial agreement to power artificial intelligence infrastructure with the construction of a 2.7GW gas-fired power facility in West Texas known as Project Kilby in the Permian Basin. Kilby will deliver dedicated electricity to a new Microsoft-operated data centre by bypassing the regional grid.Project KilbyThe facility will burn locally sourced natu
United Kingdom Prime Minister Keir Starmer announced on Monday that he will resign as leader of the Labour Party and step down as prime minister, bringing an end to months of political turmoil and setting the stage for a contest to choose his successor. The decision follows increasing pressure on Starmer after Labour suffered significant losses in local elections in May and faced growing critic
The United States and Iran reported significant progress in talks held in Switzerland on Monday, agreeing to a roadmap aimed at securing a final agreement within 60 days and establishing new mechanisms to oversee negotiations and reduce tensions across the region. The discussions, held at the Bürgenstock resort overlooking Lake Lucerne, marked the first round of talks under a memorandum of unde
United States Vice President JD Vance said negotiations between the U.S. and Iran have made substantial progress despite periods of tension, as both sides continue discussions aimed at reducing regional instability and addressing concerns over Tehran's nuclear programme. Speaking on Monday following talks in Bürgenstock, Switzerland, Vance said discussions remained on track and that Iran had ag
Woody, Buzz Lightyear and their children’s bedroom pals still have friends at the box office with Toy Story 5 generating US$312 million (A$445 million) in ticket sales as the latest movie in the blockbuster animated series made its debut around the world. The film generated more revenue in an opening weekend than any other in the franchise's 31-year history by grossing $160 million at the North
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