
Iran threatens offensive; US rules out ceasefire extension

Iran has threatened to shift to a "fully offensive" military posture after efforts to negotiate a permanent end to its war with the United States stalled, while Washington ruled out extending a temporary ceasefire agreement. A senior Iranian official told Reuters that Tehran could escalate tensions in the Strait of Hormuz and the wider region if diplomacy fails, warning that Iran would launch a

BHP profit beats forecasts; copper overtakes iron ore

BHP Group reported a better-than-expected full-year underlying profit on Tuesday, driven by higher copper prices as the red metal overtook iron ore as the mining giant's biggest earnings contributor. Copper prices have climbed to record highs above $14,000 a tonne this year, supported by the rapid expansion of energy-intensive artificial intelligence data centres and the global transition towar

US retail sales record first decline in 9 months

United States retail sales fell in July for the first time in nine months as the boost from earlier tax refunds faded, signalling a slowdown in consumer spending. Retail sales declined 0.6% in July, according to the Commerce Department's Census Bureau, following an unrevised 0.2% increase in June. The drop was the first monthly decline since October and the largest in 14 months. Economist

Wall St slips as oil rises; retail results in focus

Wall Street's three major indexes finished lower on Monday (Tuesday AEST) as investors awaited quarterly results from major retailers for clues about the health of United States consumer spending, while rising oil prices added to market caution amid a lack of progress between the U.S. and Iran towards a deal. The Dow Jones Industrial Average fell 272.6 points, or 0.5%, to 53,459.8, while the S&

Nvidia to provide US$105bn for OpenAI data centre

Nvidia will provide up to US$105 billion in financing and computing capacity for a new artificial intelligence data centre being developed for OpenAI in Ohio. The financing will support an initial 4.25 gigawatts of computing capacity, with an option to expand by a further 3.75 gigawatts. Nvidia will supply the computing infrastructure, with capacity expected to come online in phases from 2028.
10mths ago
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Proprietary AI-powered authentication system designed for platforms processing high-value transactions. The technology verifies user identity, cognitive fitness, and transaction integrity in real-time...


