Iran's Supreme Leader Ali Khamenei was killed during United States and Israeli missile strikes on the Islamic Republic on Saturday. The death of the 86-year-old man, who had led Iran since 1989, was confirmed by state media on Sunday. Iran responded to the assassination, which plunged the Middle East nation into its greatest crisis since the 1979 revolution, with missile strikes on Israel an
United States President Donald Trump has said the U.S. could seek a “friendly takeover” of Cuba, as it continues to push for regime change in the country. Trump claimed that Secretary of State Marco Rubio had been in high-level talks with Cuban officials, though Cuba has denied this. The U.S. reportedly hopes to oust Cuba’s government before the end of the year. “The Cuban government is talk
Fund manager Magellan Financial Group (MFG) and investment bank Barrenjoey Capital Partners plan to merge to create a financial services group valued at A$1.6 billion (US$1.1 billion). They said Magellan would issue106.839 million MFG shares valued at $903 million to buy the 64% of Barrenjoey it does not already own, with 92.627 million shares going to 460 employees and some incoming directors
Berkshire Hathaway has reported a 2.5% fall in net earnings for the fourth quarter of the 2025 financial year. The investment company said net earnings dropped to US$19.199 billion (A$27.0 billion) in the three months ended 31 December 2025 from $19.694 billion in the previous corresponding period. The fall for the final quarter that legendary investor Warren Buffet was Chief Executive was t
United States producer prices rose more than expected in January as tariffs weighed on services prices. The producer price index (PPI) increased 0.5% during the month, per the U.S. Bureau of Labor Statistics (BLS). This is above both Dow Jones estimates of 0.3% and the 0.4% growth seen in December. “The January increase in prices for final demand can be traced to a 0.8-percent advance in the
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Xiaomi launched its flagship smartphones globally on Saturday amid an unprecedented surge in memory chip prices, which could dampen sales. The Xiaomi 17 and 17 Ultra have broken out onto the market and are attempting to challenge the likes of Samsung and Apple. Xiaomi is the third-largest smartphone player globally and has maintained the prices of the devices versus last year’s flagship, eve
The Organization of the Petroleum Exporting Countries OPEC+ has said it will boost its oil output by 206,000 barrels per day in April, while the United States and Israel’s attacks on Iran disrupt global oil flows. The bloc hiked output by around 2.9 million barrels per day across 2025, but has held production unchanged for the last three months. Iran has reportedly closed the Strait of Hormuz a
Paramount Skydance’s acquisition of Warner Bros. Discovery (WBD) will likely lead to significant layoffs as it cuts functions that overlap between the two companies. The acquisition will yield more than US$6 billion in synergies, according to Paramount. Netflix had previously agreed to buy WBD for $83 billion, but declined to raise its bid last week after Paramount offered $110 billion for the
Airlines have cancelled hundreds of Middle East flights across the world, while dozens of others have diverted mid-flight due to closed airspace over a large swath of the region following the U.S. and Israel’s military strikes in Iran. The travel chaos has spread far and wide, with some services paused until at least the end of next week. Airspace closures also forced carriers to scrub fligh
China-based electronics company Honor has showcased its new Robot Phone and announced its first humanoid robot as its global shipments grow. The company also unveiled its new Magic V6 foldable smartphone at the Mobile World Congress in Barcelona. The Robot Phone includes a camera on a small retractable robotic arm and was first announced in October. “Robot Phone is a new species of smartphon
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