Ukrainian drones have struck a major Russian petrochemical plant for the second time in less than a week, as Ukraine steps up its attacks on Russia’s oil infrastructure. The Gazprom Neftekhim Salavat complex is Russia’s 10th largest refinery, located in the Ural Mountains region of Bashkortostan. Ukraine has attacked 16 Russian refineries since the start of August. “Gazprom Neftekhim Salavat
Ukrainian President Volodymyr Zelenskyy warned world leaders of the international security risk posed by Russia if the war isn’t stopped at the United Nations National Assembly. He said more countries are at risk of meeting Russia’s aggression unless allies display a united front and ramp up support. “No one but ourselves can guarantee security,” he said. “Only strong alliances. Only stro
Macquarie Group has agreed to compensate investors for A$321 million of losses arising from the collapse of the Shield Master Fund. Macquarie said it would repay the net capital invested in Shield through the Macquarie wrap platform, eliminating the need for investors to wait for a complex multi-year process as liquidators pursued the recovery of funds. The financial services group will purc
The United States is in talks to provide Argentina with a US$20 billion (A$30.27 billion) swap line and stands ready to extend further financial support to stabilise the South American economy, Treasury Secretary Scott Bessent said on Wednesday. In a post on X, Bessent confirmed that Washington is negotiating with Argentina’s central bank and is prepared to purchase U.S. dollar-denominated bond
A document sent to Congress reveals the Trump administration's plans to shift US$1.8 billion (A$2.72 billion) in foreign aid funding towards “America First”, including pursuing investments in Greenland and countering “Marxist, anti-American regimes” in Latin America. "The national security interests of the United States require that the United States utilise these foreign assistance funds to me
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A new high-water mark has been set for the value of National Football League (NFL) teams, with the Chicago Bears reportedly worth US$8.9 billion (A$13.5 billion) based on a transaction approved by the NFL. The NFL finance committee approved the sale of 2.35% of the team by the estate of Andrew McKenna to the two other shareholders, according to CNBC. The McCaskey family will lift its ownersh
The United Kingdom’s government is reportedly exploring buying parts from Jaguar Land Rover’s suppliers to preserve jobs at these companies, after Jaguar Land Rover’s production was halted by a cyberattack. Jaguar Land Rover suspended production in late August after a cyberattack forced it to disable its IT systems. The company has around 700 direct suppliers, with tens of thousands of employee
Azamara Cruise will set sail on three solar eclipse cruises during 2026 in partnership with Lowell Observatory, a historic institution most well known for its groundbreaking astronomical discoveries and public education. Guests on the cruises will have the chance to witness the solar eclipse from prime ocean vantage points. Azamara Cruises CEO, Dondra Ritzenhaler, said the partnership with L
Xiaomi has unveiled new lines of smartphones, wearables, and home devices at an event in Germany, as it seeks to court the international market and challenge companies like Samsung. The company’s 15T Series phones will include direct offline voice communication and three rear cameras. Xiaomi also revealed new robot vacuums, televisions, and smart watches, and said it will launch its Mijia appli
Intel has reportedly approached Apple seeking an investment, as Intel looks to revive its struggling finances. Apple and Intel have also discussed ways to collaborate more closely in early-stage talks, Bloomberg News reported. Intel announced a US$5 billion investment from Nvidia last week, and $2 billion from SoftBank in August. The United States government also agreed to purchase a 9.9% st
