US-Iran negotiations continue; regional tensions simmer
The United States and Iran remain without a formal agreement to end the conflict that has now entered its fourth month, with President Donald Trump indicating he is prepared to continue negotiations rather than rush a deal. Speaking in an interview with Lara Trump on Fox News, the president said his administration remained focused on securing commitments that Iran would never acquire a nuclear
EU pushes for access to advanced US AI models
The European Union is seeking to intensify discussions with the United States over access to the world's most advanced artificial intelligence models, particularly systems with powerful cybersecurity capabilities, as policymakers seek greater oversight of rapidly advancing technology. The push comes after Anthropic's Mythos model, unveiled in April, sparked significant concern among governments
Markets absorb Iran shock but more to play out: ART
Global financial markets have absorbed the shock of escalating tensions in the Middle East with unexpected resilience, according to Australian Retirement Trust (ART) Senior Portfolio Manager Jimmy Louca. He said the reaction to the United States’ conflict with Iran had been more muted than during other market disruptions, particularly United States President Donald Trump’s ‘Liberation Day’ anno
Berkshire bets on housing with Taylor Morrison deal
Berkshire Hathaway is increasing its exposure to the housing sector, agreeing to buy Taylor Morrison Home Corporation for US$6.8 billion (A$9.5 billion). The storied investment company will pay $72.50 in cash per common share, which represents an equity value of $6.8 billion and an enterprise value of $8.5 billion for the United States housebuilder and community housing developer. The offer
SoftBank plans AI push in France
Japan’s SoftBank Group plans to invest €45 billion (US$52.4 billion) over the next five years in artificial intelligence infrastructure in France, as part of a broader €75 billion programme aimed at expanding Europe’s AI compute capacity. The company said on Sunday that the initiative will focus on building out large-scale data centre infrastructure capable of supporting advanced AI workloads,
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