United States President Donald Trump met with senior national security officials on Monday to discuss a new proposal from Iran aimed at resolving the ongoing conflict, as the war remains locked in a stalemate and regional energy supplies stay constrained. The proposal would postpone negotiations on Tehran’s nuclear ambitions for a later date, Axios reported earlier Monday. According to repor
China’s government has blocked Meta’s US$2 billion (A$2.78 billion) acquisition of artificial intelligence company Manus, amid escalating tensions between the United States and China over the AI industry. The acquisition was announced in December. Manus, which produces AI agents, was initially based in China before relocating to Singapore last year. The Chinese National Development and Refor
Domino’s Pizza shares tumbled following weaker-than-expected earnings and same-store sales growth in the United States. Same-store sales for the pizza chain increased by only 0.9%, lower than the 2.3% expected by Wall Street analysts. Earnings per share came in at $4.13, down from $4.33 the same time last year and below expectations of $4.27. “We’re not happy with it,” CEO Russell Weiner
Shares in memory chip companies Micron and Sandisk continued their rally after Melius Research analysts projected that memory demand could remain high through 2030. The prices of memory components have soared in recent months due to high demand from artificial intelligence companies. Melius’ two-year price target for Micron is US$1,350, with analyst Ben Reitzes saying its shares could rise a fu
Shares in Shell (LON: SHEL) fell 1.7% yesterday after the London-listed energy group agreed to acquire Canadian producer ARC Resources (TSX: ARX) in a US$16.4 billion (A$22.8 billion) transaction, marking its largest takeover in nearly a decade and underscoring a renewed push by major oil companies to expand long-term hydrocarbon output. It’s understood that the deal would add around 370,000 ba
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Paramount Skydance has asked the United States Federal Communications Commission (FCC) to approve foreign investments backing its acquisition of Warner Bros Discovery. Once merged, Paramount said the company will be 49.5% owned by foreign investors, with around 38.5% of the equity in the new company held by a trio of Middle Eastern funds. In an FCC filing, the media giant said Saudi Arabia’s
Qualcomm has reportedly agreed to build processors for a new OpenAI smartphone, briefly sending its shares up 7%. Semiconductor company MediaTek will also work with OpenAI and Qualcomm to develop the chip, according to TF International Securities analyst Ming-Chi Kuo. The phone will be co-designed by China-based Apple supplier Luxshare. “Only by fully controlling both the operating system an
Australian properties with an estimated value below the 5% deposit guarantee scheme price caps have recorded stronger growth than higher-priced homes. According to Cotality data, homes with values below the price caps increased 6.7%, compared with a 3.6% rise in value for properties with estimated values above the price caps. Momentum was building in the sub-price-caps market before the sche
Ineffable Intelligence, an artificial intelligence startup founded by former Google DeepMind researcher David Silver, has raised a record US$1.1 billion (A$1.53 billion) in seed funding. Silver previously led the reinforcement learning team at DeepMind, Google’s AI arm, before founding Ineffable Intelligence last year. The company’s seed round was the largest ever in Europe, it said. Ineffab
Japan’s North has been shaken by a 6.1 magnitude earthquake, not long after being struck by wildfires. The United States Geological Survey reported that the earthquake began at 5:24 am, 18 kilometres west of the small town of Sarabetsu in Hokkaido at a depth of 81 kilometres. The earthquake comes after Japan deployed 1,400 firefighters and dozens of Self-Defence Force personnel to battle mou
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