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DroneShield (ASX:DRO) has announced a repeat order worth $8.2m from a major European military customer. The contract involves providing dismounted and vehicle-mounted counter-drone (Counter-UxS) systems, with delivery expected over the next three months, including from existing stock. Full cash payment is anticipated in Q1 2025. CEO Oleg Vornik commented: “Larger orders of this type from […]

Amazon Web Services (AWS) has announced plans to build what it claims will be the world’s largest artificial intelligence (AI) supercomputer. Dubbed Project Rainier, the supercomputer is expected to be operational by 2025. The announcement was made on 3 December at the AWS re:Invent conference in Las Vegas. The computer will be powered by AWS’s

Bravura Solutions (ASX:BVS) has upgraded its financial guidance for FY25, reflecting strong performance and the successful execution of its strategic transformation over the past 18 months. The company also announced plans to recommence dividend payments, signalling a return to profitability and robust cash generation. The upgraded guidance includes: Cash EBITDA of $33m to $36m, up

The Australian Bureau of Statistics (ABS) released economic data today. Here’s some of the key figures. Growth Australia’s economy grew by 0.3% in the September quarter 2024, marking the slowest annual growth rate since late 2020. This compares to a 0.8% growth rate in September 2023. Year-on-year, gross domestic product (GDP) rose 0.8%, continuing a pattern

Alterity Therapeutics (ASX:ATH) has announced the completion of the Phase 2 clinical trial in multiple system atrophy (MSA) for its lead drug candidate, ATH434. No results were released, but Alterity plans to release topline results in late January or early February 2025. “We are very excited to announce that the last participant in our Phase 2 study

China has announced an export ban to the United States on critical minerals gallium, germanium, and antimony, all of which hold significant military and technological applications. This move marks the latest escalation in trade tensions between the two global superpowers following Washington’s crackdown on China’s semiconductor industry. The Chinese Ministry of Commerce cited national security

COSOL (ASX:COS) has announced the acquisition of Toustone Pty Ltd, an Australian data analytics firm, for up to $22.4m. The acquisition aligns with COSOL’s strategy to expand its asset management solutions and enhance data analytics capabilities, particularly in sectors such as transport, agriculture and infrastructure. COSOL helps organisations in industries such as natural resources, infrastructure

The S&P 500 edged higher on Tuesday, securing another record close. The broad market index gained 0.05 per cent, finishing at 6,049.88. The Nasdaq Composite rose 0.40 per cent, closing at 19,480.91, after reaching a new intraday high earlier in the session. Both the S&P 500 and the tech-heavy Nasdaq ended at record levels. The

Zip Co (ASX:ZIP) announced yesterday the departure of its Co-Founder, Larry Diamond, from his role as a director and US Chairman. The decision, effective from 3 December 2024, marks a significant transition for the company as Diamond shifts focus to establishing a Family Office and Foundation aimed at advancing his philanthropic efforts. In a statement,