TikTok officially launched its new United States subsidiary in January, the final part of its process to avoid a ban in the country. The deal, which the U.S. government valued at around US$14 billion, separates the platform’s U.S. operations into a new joint venture with reduced involvement from China-based parent company ByteDance. For over 200 million U.S. TikTok users, this could result in d
The House voted to pass a resolution disapproving of President Donald Trump’s tariffs against Canada, with many Republicans siding with Democrats. The resolution cleared the House 219-211, signalling growing GOP discomfort with Trump’s aggressive tariff strategy and willingness from some Republicans to go against Trump. It also marked the first time the House formally weighed in on Trump’s t
The valuation of Anthropic has doubled to US$380 billion (A$535 billion) in just five months. This is the value placed on the privately-owned artificial intelligence (AI) model developer by its latest funding round, in which it raised $30 billion. The round was co-led by investors including D. E. Shaw Ventures, ICONIQ and MGX, the company said. “The investment will fuel the frontier resea
United States existing home sales fell 8.4% to a two-year low in January, though affordability improved as mortgage rates declined. January’s seasonally-adjusted annual sales rate was 3.91 million, per the National Association of Realtors (NAR), representing a 4.4% year-over-year decrease. Economists had expected 4.18 million units. "The decrease in sales is disappointing. The below-normal t
The Pentagon is escalating its campaign to embed artificial intelligence (AI) deep inside America’s defence architecture, and it wants fewer strings attached. At a White House gathering this week, Pentagon Chief Technology Officer Emil Michael made clear the military’s ambition: Deploy “frontier AI” - including the most advanced, cutting-edge models available - across both unclassified and clas
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Thousands of Ukrainians are without power and water after a huge attack from Russian drones and missiles. On Thursday night, Moscow launched the attack on Kyiv, Dnipro and Odesa. In the capital, approximately 3,500 apartment buildings were affected, being left without heat. Private energy firm DTEK reported that over 100,000 families were now without electricity. This is the latest strike
Investment performance from growth strategies lagged in 2025 as investors rotated away from structural growth stocks and toward resources and value-oriented stocks, according to Lonsec. The research and financial services firm said small capitalisation companies delivered excellent returns, with the S&P/ASX Small Ordinaries Index rising 24.96% last year. “Small caps finally had their day in
Medical device company Cochlear has projected that full-year profits will be at the low end of its guidance range due to delays transitioning customers to its Nucleus Nexa hearing implant system, with shares falling by 16%. Cochlear’s revenue for the last half rose 1% year-over-year to A$1.18 billion. Underlying net profit fell 9% to $194.8 million, and statutory net profit dropped 21% to $161.
Spirit Airlines has announced it is selling off 20 Airbus jets to help improve its financials, after declaring bankruptcy for a second time last year. The U.S.-based budget airline first declared bankruptcy in November 2024, completed restructuring in March of last year, but then later filed for bankruptcy a second time in August. This caused cuts to services, and staff were furloughed, thou
Fresh financial results from AstraZeneca show that a continued strong demand for cancer treatment drugs has driven steady results for the company. The latest earnings report, released earlier this week, saw profit growth for 2026 expected to remain steady, if oncology demand stays high. AstraZeneca, the biggest drug maker in Britain, has lofty goals to achieve by 2030, including US$80 billio
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New Zealand
1 day
Enjoy a scenic helicopter flight to Hobbiton Movie Set and explore Middle-earth’s Shire.
Heletranz Exclusive | Heli-Fishing
New Zealand
1 day
Enjoy a scenic helicopter flight and fishing adventure over Auckland’s stunning Hauraki Gulf.
