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Asian shares jump on AI trade revival despite SpaceX, AMD setbacks, as oil prices dip – business live
Asian stock markets rose on Wednesday as investor enthusiasm for artificial intelligence stocks returned, even as SpaceX shares fell following its first earnings report since going public and AMD faced its own setbacks. The rally came alongside a dip in oil prices, with Brent crude trading below $80 a barrel amid hopes for an interim…
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SpaceX is coming for T-Mobile, AT&T and Verizon
SpaceX has signalled its intention to build a terrestrial mobile network and compete directly with T-Mobile, AT&T and Verizon for US phone customers, rather than simply supplementing existing carrier networks. The plan was outlined by SpaceX president Gwynne Shotwell and chief executive Elon Musk during the Q&A session of the company’s first earnings call, marking…
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Video game maker EA bought by Saudi-led group for $55bn
Electronic Arts, the maker of The Sims, Madden NFL and Battlefield, has been bought by a Saudi-led investor group for $55bn (£41bn), one of the largest buyouts on record. The deal, completed on Tuesday evening after the EU granted final regulatory approval, takes EA private and ends its 36-year run as a publicly listed company.…
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Pauline Hanson’s message to Labor as an internal brawl erupts over Tony Burke’s postponed speech about immigration
One Nation leader Pauline Hanson has issued a pointed message to Australia’s Labor government amid an internal party row over Home Affairs Minister Tony Burke’s postponed speech on immigration policy. The dispute highlights ongoing tensions within Labor over how to handle immigration messaging, an issue that remains politically sensitive and closely watched by opposition figures…
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‘Magic from the shadows’: the dreamlike visions of Paolo Roversi – in pictures
A new exhibition titled *Doubts*, dedicated to the acclaimed Italian photographer Paolo Roversi, has opened at The MOP Foundation in A Coruña, Spain, running until 20 September 2026. The show brings together both celebrated masterworks and previously unseen images, offering an intimate journey through Roversi’s artistic world and highlighting his lasting influence on fashion photography…
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Better off together: could combining pension pots boost your retirement income?
The number of pensions Britons hold has grown as job-hopping and automatic enrolment mean workers typically accumulate several pots over their careers, prompting rising interest in consolidating them into one. Combining pension pots can simplify management, cut annual fees, and make it easier to move money out of underperforming funds, with benefits continuing into retirement…
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TV tonight: a heart-warming time with Welsh male voice choirs
Tonight’s UK television listings highlight a new three-part Sky Arts documentary series, Voices of the Valleys, which follows Welsh male voice choirs as they prepare for competitions across the country while exploring their deep community significance. The series opens with the Beaufort Male Choir, featuring tenor and soloist Callum Rees, who puts his busking earnings…
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Bank battle: history suggests Burnham faces fight if he opts for windfall tax
UK banks are facing renewed pressure over a potential windfall tax after HSBC, NatWest, Barclays and Lloyds posted bumper half-year profits, boosted by high interest rates and market turbulence linked to the US war on Iran. Campaigners and unions argue the lenders can easily afford higher taxes, urging new prime minister Andy Burnham to use…
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Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts
Palantir, the US software firm that has secured major contracts with the NHS and Ministry of Defence, paid just £2.1m in UK corporation tax in 2024 despite booking £247m in UK revenues, according to a new report. The research, commissioned by the trade union Unison, found the company’s global effective tax rate is just 1.4%,…
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Volcano alert, climate funding ruling and Glen Hansard’s funeral lead the news
Guatemala raises its Fuego volcano alert to orange amid evacuations, a US appeals court again blocks Trump from clawing back green bank climate funds, and mourners including Bono and Steve Coogan attend Glen Hansard’s Dublin funeral; also, UK Sport overhauls winter sports funding and Christina Applegate leaves hospi…