Today
Trump hails ‘breakthrough’ trade deal with UK
The deal would drop tariffs on British steel and allow for imports of UK cars - but full details have yet to be completed.
Yesterday
How India’s military might stacks up against Pakistan’s
Pakistan’s 660,000-strong military is less than half the size of India’s and its defence spending was a 10th of its eastern neighbour’s last year.
OpenAI reveals plan to build global capacity with governments
OpenAI says it plans to invest in efforts outside the US to develop the infrastructure to run AI systems, building on its US Stargate efforts.
Netflix is getting its first serious makeover in 12 years
The most powerful home page in entertainment is changing, with more video and animations and fewer titles to endlessly scroll through. There will be AI too.
Is America about to nuke its own currency?
Although the dollar’s role as the world’s leading reserve currency plays a part, it is just one of many factors contributing to the US’ persistent trade deficits.
This Month
KKR cuts ties with Turnbull after Trump attack
The global asset and private equity giant ended its arrangement with the former prime minister earlier this year.
US-China talks seek to save face, and their economies
Tariff negotiations between the two superpowers this weekend offer the prospect of retreat from a full-on trade war. But will the market’s sense of relief prove premature?
Why the US’ influence on Australian business should worry us all
Australian businesses are delaying spending decisions, which is a cause of anxiety for everyone.
Carney holds his own in Oval Office showdown with Trump
The bonhomie was strained as the US president mused about annexing his northern neighbour and expressed his dislike of the former Canadian PM.
China launches policy blitz to aid economy ahead of trade talks
Beijing has cut a key interest rate and announced other measures to bolster growth, just hours after the US and China agreed on their first tariff talks.
Trump downplays trade talks, says he’ll dictate terms to other nations
The US president’s comments indicate he could continue to change his approach, which may further roil financial markets that have struggled with uncertainty.
US trade deficit smashes record as firms race to beat Trump tariffs
Imports are flooding into America ahead of the new levies, pushing the imbalance between it and exports to an all-time high of $215 billion.
I secretly earn $268k working two full-time remote jobs
“Over-working” has boomed since the pandemic triggered a rise in working from home, creating an opportunity for shrewd employees to take on multiple remote roles.
How digital business cards led to the creation of a $200m business
A local start-up that lets you share a virtual business card that never goes out of date has pulled in major US investment that values the company at $200 million.
Why cattle prices just hit a two-year high
This week a cattle price benchmark climbed to the highest level since March 2023 partly thanks to Chinese buyers looking elsewhere for beef.
MA Financial teams with Sumitomo Mitsui, Monroe for $1.7bn US play
MA’s head of credit says smaller lenders that have rushed into private lending may struggle to survive amid a need for diversification.
Australian AI start-up raises $37m after backing by US tech heavyweight
Relevance AI has raised a $37 million investment from some Silicon Valley giants to build AI agents that can autonomously perform tasks previously done by humans.
Rising talent Elvis Smylie snares late PGA Championship entry
The young Australian golfing talent has been granted a special exemption into next week’s US PGA Championship in North Carolina.
Tariffs force Bank of England to mull faster pace of cuts
Most economists believe Britain’s central bank will switch to a dovish stance after judging that Donald Trump’s tariffs will weigh on growth and temper inflation.
Risk of rapid slowdown as China services activity slips
The latest disappointing reading will further stoke fears that the economy risks a rapid slowdown starting in the second quarter after a solid start to the year.