United States President Donald Trump said the U.S. and Iran are set to hold fresh talks in Qatar, despite Tehran insisting no negotiations with Washington are currently scheduled following a weekend of military exchanges. Trump announced the planned meeting in a post on Truth Social on Monday. “IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA!,” Trump said. The proposed t
South Korea has unveiled more than US$576 billion (A$834.8 billion) worth of investments in artificial intelligence and semiconductor manufacturing, with President Lee Jae Myung outlining an ambitious strategy to strengthen the nation's leadership in advanced chips while expanding industrial development beyond the Seoul metropolitan area. The announcement, made on Monday, represents Lee's most
Comcast has announced plans to separate its media and technology businesses into independent public companies, marking one of the biggest restructurings in the company's history as it seeks to sharpen its strategic focus. The telecommunications and media company will spin off NBCUniversal from its broadband, wireless and connectivity businesses. NBCUniversal will become an independent compan
The Reserve Bank of Australia has reaffirmed that monetary policy remains restrictive, with minutes from its June meeting showing policymakers opted to leave the cash rate unchanged as they weighed persistent inflation risks against heightened uncertainty stemming from the Middle East. The minutes, released on Tuesday, detailed the Board's decision to keep the cash rate steady at 4.35%, with me
More than US$121 billion worth of renewable energy investment in the United States is at risk as permitting delays continue to slow the development of wind, solar and energy storage projects needed to meet growing electricity demand, according to a report released by energy research firm Wood Mackenzie. The report, published on Monday, highlights the tension between President Donald Trump's pus
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Evolving trade barriers and geopolitical shifts in the Middle East impacted price levels across primary energy infrastructure and industrial metal supply chains. Primary market movements were driven by a realignment of crude logistics as commercial shippers adjusted transit routing around the Strait of Hormuz, alongside changes in battery metal spot markets following downstream manufacturing ad
The United States Supreme Court has overturned a 90-year-old protection for certain public service workers, allowing them to be fired at will by the President. The protections were established nearly a century ago, during a 1935 case called Humphrey's Executor vs. United States, for members of the Federal Trade Commission, and prevented them from being removed without cause. Now, the Supreme
United States consumer sentiment improved modestly in June as easing tensions between the United States and Iran and lower fuel prices helped lift confidence, although households continued to cite the high cost of living as their biggest financial concern. The latest University of Michigan Surveys of Consumers showed the Consumer Sentiment Index rose to a final reading of 49.5 in June, up from
Global economic growth is set to slow to 2.5% this year, marking its weakest pace since the Covid-19 pandemic, as geopolitical tensions and rising inflation continue to weigh on the outlook, according to the World Bank Group. In its latest Global Economic Prospects report, the Washington-based institution downgraded growth forecasts for two-thirds of countries, warning that higher borrowing cos
Two senior Federal Reserve officials expressed cautious optimism this week that inflation will moderate in the coming years, although both indicated there was little urgency to adjust United States interest rates in the near term. Chicago Federal Reserve President Austan Goolsbee said inflation remains the central bank's primary challenge despite some encouraging signs in recent data, while New
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