All the top moves, shakes and red hot takes from Azzet's editorial team are right here in your weekly business wrap every Friday (25 July, 2025). Investors everywhere are trying to make sense of a whirlwind of signals — from rising global tensions, to breakthroughs in tech that are reshaping entire industries. Artificial intelligence is again at the forefront, with mining emerging as a key
The world's largest gold producer just delivered one of its strongest quarterly performances in company history, posting a record US$1.7 billion in cash flow. It also revealed an enormous 99% increase in earnings per share (EPS) from the previous quarter. Not only that, Newmont Corporation (ASX : NEM) has in the last ~18 months fundamentally transformed its asset base, cost structure, and ca
Australian Retirement Trust (ART) sees artificial intelligence (AI) as an unknown factor that could propel Australia’s second-largest superannuation fund to double-digit returns for a fourth consecutive year. Head of Investment Strategy Andrew Fisher said that although the fund was expecting returns of between 6% and 10% in the 2026 financial year (FY26), the probability of more was probably 30
The Australian share market closed lower on Friday as major iron ore miners and banks declined, while Energy companies and robust company updates helped limit broader losses. The benchmark S&P/ASX 200 Index ended the day down 42.5 points, or 0.5%, at 8,666.9, finishing the week 1% lower as seven of the 11 industry sectors declined. A 1.9% fall in iron ore futures to US$103.10 a tonne in Sing
Since the launch of OpenAI's ChatGT in 2022, the integration of artificial intelligence into workflows has accelerated faster than anyone had predicted. In just three years, AI has moved from Silicon Valley curiosity to corporate necessity, fundamentally rewiring how businesses operate across every major industry. The proof-of-concept purgatory that characterised the technology's early corporat
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Luxury goods conglomerate LVMH saw revenue and profit drop last half, with its fashion and alcoholic beverage segments leading these declines. Revenue was EU€39.81 billion, falling 4% year-over-year in line with Visible Alpha estimates. Net profit dropped by 22% to €5.70 billion. “LVMH showed solidity in the current context. We owe this to the power of our iconic brands and their boundless c
Apple has released a public beta version of its mobile operating system iOS 26, previewing a major software redesign that will reach devices later in 2025. iPhone users in countries like the United States and Australia can now download an early preview of the operating system, which will be launched officially in the Northern Hemisphere’s autumn period. It will be Apple’s first release to inclu
At least 14 people were killed during clashes along the disputed land between Cambodia and Thailand, according to Thai authorities. Thailand's interior ministry also said it had evacuated over 100,000 people from four border provinces as the deadly clashes entered a second day. Thailand’s army said most of the casualties were civilians from three Thai provinces, while Cambodia has yet to con
SK Hynix has delivered its strongest quarterly performance in company history, posting record revenues of ₩22.23 trillion (US$16.2 billion) and operating profit of ₩9.21 trillion for Q2 2025. The South Korean memory giant's revenue surged 35% year-on-year whilst operating profit rocketed 68%, driven by insatiable demand for high-bandwidth memory (HBM) chips essential for artificial intelligence
More international tourists passed through Melbourne Airport in the last financial year than ever before. The number of international passengers jumped 8.3% to 11.953 million in the 2025 financial year, surpassing the 0.4% rise to 36.152 million in total passengers numbers using Australia’s second busiest airport after Sydney. “International travel has never been stronger at Melbourne Airpor
