The Dow Jones Industrial Average and S&P 500 hit new highs on Friday, buoyed by President-elect Trump’s proposals for tax cuts and regulatory easing. The S&P 500 gained 0.56 per cent, reaching 6,032.38, while the Nasdaq Composite advanced 0.83 per cent to 19,218.17. The Dow rose by 188.59 points, or 0.42 per cent, closing at […]
US markets reach new highs; ASX to open higher Read More »
Meta Platforms has announced a US$10bn plan to construct a subsea fibre-optic cable stretching over 40,000km. The cable will trace a giant “W”-shaped route, connecting the US East Coast to India via South Africa and returning to the US West Coast via Australia. The route avoids volatile regions, including the Red Sea and South China
Elon Musk’s injunction filing, Canadian publishers taking aim at the company, and ambitious plans for the next phase of growth. Here’s a look at some of the latest OpenAI developments. Musk vs OpenAI: The escalating legal battle Elon Musk has intensified his legal battle against OpenAI. On Friday last week, he filed a motion for
Lawsuits and rivalries put OpenAI to the test Read More »
The European Commission has given final approval for Lufthansa to acquire a 41% stake in Italy’s ITA Airways, following the approval of a remedies package designed to address competition concerns. The deal, valued at €325m, will allow Lufthansa to expand its footprint in the southern European market while addressing antitrust requirements. The remedies package involves
Lufthansa’s ITA deal clears final EU hurdle Read More »
