Maeve Turner
Anika Wells tells Telstra to face the music after nationwide outage
Minister Wells has ordered a formal review into Telstra's network failure, warning the telco that it must work to rebuild trust with its customers.
33 Desserts That Know How to Steal the Spotlight
Interactive and bite‑size desserts are transforming modern celebrations by prioritizing guest engagement and visual flair over traditional cake‑cutting ceremonies.
Xbox CEO Asha Sharma named to Federal Reserve jobs and productivity task force
Xbox CEO Asha Sharma was appointed to a Federal Reserve task force examining AI and jobs, an assignment that has drawn public attention due to her concurrent oversight of a 3,200-person workforce reduction.
Small businesses plan price hikes as inflation pressures persist
A majority of small-business owners intend to raise prices this year to offset persistent inflationary pressures, rising utility rates, and supply-chain costs. Despite these challenges, many firms remain optimistic about future revenue growth and expansion plans.
Right to Buy policy blamed for decades of UK social housing decline
Decades of public housing sales under the Right to Buy scheme have left over 1.3 million households on waiting lists. New government measures now seek to address this systemic decline and reform landlord practices.
GVI tour operator collapses leaving UK students without trips or refunds
The collapse of GVI has left students without travel plans or financial recourse after the firm ceased operations. Conservation partners globally are also reporting significant shortfalls in expected funding.
SK Hynix US share sale oversubscribed more than seven times amid AI boom
South Korean memory-chip producer SK Hynix has drawn significant global institutional interest for its US share offering, signaling confidence in the AI data-center boom.
EPFO to credit 8.25 percent interest to member accounts by July 15
The Employees' Provident Fund Organisation plans to finalize interest deposits of 8.25 percent for the 2025-26 fiscal year by 15 July 2026. This expedited distribution is enabled by the deployment of the new CITES digital infrastructure.
EU households spend average of 19.7 percent of disposable income on housing
Housing has become the primary financial burden for EU households, with average expenditure reaching 19.7% of disposable income in 2023. This report examines regional disparities and the disproportionate impact of housing costs on lower-income families.
Meta to build $13 billion AI data centre in Alberta
Meta Platforms plans to construct a one-gigawatt AI data centre in Alberta, supported by a new natural gas-fired power facility. The project is expected to create over 3,000 construction jobs and 300 permanent positions.
IMF upgrades UK growth forecast to 1% amid improved economic resilience
The International Monetary Fund has increased its 2026 UK growth forecast to 1%, positioning the nation as the third fastest-growing economy in the G7. This upgrade follows strong first-quarter performance but comes with warnings about persistent energy risks and fiscal challenges.
Apple signs $30bn deal with Broadcom for US-made chips
Apple has committed to a multi-year, $30 billion agreement with Broadcom to produce advanced wireless components at a facility in Fort Collins, Colorado.
United Airlines must face class-action lawsuit over windowless seats
A federal judge ruled that United Airlines must face class-action claims regarding seats marketed as having windows that are actually adjacent to cabin walls.
id Software slashes workforce by half during Xbox layoffs
Microsoft's restructuring of the Xbox division has resulted in the loss of roughly half the staff at id Software, raising questions about future projects.
USPS stamp prices to rise to 82 cents this Sunday in eighth hike
The United States Postal Service is raising the price of a first-class stamp to 82 cents this weekend as it grapples with ongoing financial challenges.
SK Hynix $28 billion ADR offering heavily oversubscribed ahead of debut
SK Hynix has closed bookbuilding for its ADR offering, which seeks to raise capital to expand high-bandwidth memory production and fund new facilities.
Samsung and SK Hynix shares plunge amid AI demand and pricing concerns
Samsung Electronics and SK Hynix shares fell as investors questioned the sustainability of AI-related infrastructure spending and memory chip demand.
Beijing considering curbing overseas access to China's top AI models
Chinese officials are exploring potential restrictions on international access to advanced AI models to protect proprietary technology and national security. The proposed measures could impact the availability of models such as Alibaba’s Qwen and ByteDance’s Doubao.
Beijing is looking at curbing overseas access to China's top AI models, sources say
Chinese officials are consulting with tech firms like Alibaba and ByteDance regarding potential policies that could classify advanced AI as national assets. These measures may introduce security reviews and export controls on future proprietary models.
AI chip stocks tumble despite Samsung's record profit surge
Samsung shares slumped following record quarterly earnings, sparking a wider sell-off across global AI-related semiconductor and memory chip stocks.