Business
US crude tops $100 as Iran attacks Hormuz and Ukraine targets Russian refineries
Crude oil prices surged as intensifying conflict in the Middle East and renewed Ukrainian strikes on Russian refineries threatened global energy supplies.
IEA to release 20m barrels of diesel as soon as possible
The International Energy Agency is fast-tracking the release of over 20 million barrels of diesel from emergency reserves to combat high fuel prices.
Tesla unveils ‘flying’ sports car
Tesla debuted its long-awaited second-generation Roadster in Texas, utilizing SpaceX engineering and cold-gas thrusters to demonstrate limited flight capabilities.
Nasdaq futures edge lower as AI spending, Fed rate concerns weigh
Nasdaq futures edged lower in Asian trading as investors grappled with intensifying concerns over artificial intelligence spending, rising borrowing costs, and Federal Reserve rate expectations.
Cleanaway shares fall more than 4% as EQT takeover deadline nears
Cleanaway shares dropped more than 4% as the market weighs a $9.4 billion takeover proposal from EQT Infrastructure ahead of an impending exclusivity deadline.
RBA Faces Scrutiny Over 8.5 Billion Loss As Unemployment Rises
The Reserve Bank of Australia faces scrutiny following an AU$8.5 billion accounting loss, a weakening labour market, and discussions surrounding Governor Michele Bullock's remuneration package.
Nandy 'minded to intervene' in Sky's £1.6bn takeover of ITV entertainment arm
Culture Secretary Lisa Nandy is minded to intervene in Sky's proposed takeover of ITV's media and entertainment business, raising regulatory scrutiny.
Porsche Reveals Mission S Concept as Permanent Super Sports Car Above 911
Porsche has debuted the Mission S concept in New York, introducing a new mid-engined platform designed to sit above the flagship 911.
Southwest Airlines overhauls Rapid Rewards loyalty program with new tiers
Southwest Airlines is revamping its Rapid Rewards loyalty program, replacing old status labels with a new Silver, Gold, and Platinum tiered structure and restructuring credit card earnings.
Banks say Healey is planning Budget tax raid on their profits
Senior banking executives anticipate targeted tax measures in the upcoming Budget as the government faces pressure regarding public finances.
Nvidia leads chip stock sell-off as AI financing concerns mount
Nvidia and major semiconductor stocks faced a volatile session amid growing Wall Street anxiety over debt-heavy AI financing and rising capital costs.
Anthropic reports $16.8bn revenue surge ahead of stock market debut
Anthropic has revealed a massive $16.8bn revenue surge for the third quarter alongside an adjusted profit as it courts institutional investors ahead of its stock market debut.
Banks Struggle to Digest the Mounting Debt Driving the AI Boom
Global equity markets are reckoning with a massive liquidity squeeze as high borrowing costs collide with unprecedented infrastructure capital demands.
OpenAI Engineer Alfozan Books One-Way Flight to Saudi Arabia After Arrest
Former OpenAI engineer Abdulrahman Alfozan booked a one-way flight to Saudi Arabia days before the FBI arrested him for allegedly planting a hidden audio recording device in an executive conference room.
Australia unemployment hits five-year high of 4.7 per cent
Australia's national unemployment rate reached 4.7 per cent in September 2026 as the economy unexpectedly shed 39,300 jobs.
Mark Zuckerberg viral video drinking Guinness sparks internet robot jokes
Meta chief executive Mark Zuckerberg became the center of a viral internet roasting event after struggling through his first-ever taste of an iconic Irish stout on a podcast.
BHP axes 300 jobs at iron ore mines in WA's Pilbara
Mining giant BHP is cutting approximately 300 operational and maintenance roles across its Pilbara iron ore operations, drawing strong condemnation from unions over consultation concerns.
Lufthansa beats Air France-KLM to acquire minority stake in TAP Air Portugal
The Portuguese government has selected Lufthansa Group to acquire a minority stake in TAP Air Portugal following a €1.201 billion all-cash bid, edging out Air France-KLM.
US inflation rises to 3.7 percent in September on surging fuel costs
US consumer price inflation accelerated to 3.7 per cent in September due to surging fuel costs, sparking fears of further interest rate hikes.
Netflix Lays Off Around 1,000 Employees in Largest Cuts Since 2022
Netflix is cutting approximately 1,000 jobs across product, technology, legal, and human resources teams in its largest workforce reduction since 2022.