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SK Hynix plans $28bn US share listing amid AI memory boom
SK Hynix is experiencing a boom credited to AI. It will ride that to a multibillion-dollar U.S. IPO, expected to take place on Friday.
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Amazon revives Lara Croft across two games and a Sophie Turner series
Amazon is expanding its investment in the Tomb Raider franchise with two new video games and a live-action television series, part of a broader push into classic British characters following its James Bond game “007 First Light”. The move matters because it revives one of gaming’s most iconic heroines, Lara Croft, across multiple formats, with…
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Labour urged to reverse frozen student loan repayment threshold, MPs say
The Commons Treasury Select Committee has said the Labour government has a “moral obligation” to reverse its student loans policy, which the cross-party group of MPs described as “unfair” and amounting to “mis-selling”. The row centres on Chancellor Rachel Reeves’s autumn Budget decision to freeze the earnings threshold for repaying Plan 2 student loans for…
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Heathrow third runway threatens 750 homes as villagers refuse to leave
Homeowners in the west London villages of Longford and Harmondsworth are refusing to leave their homes as Heathrow Airport pushes ahead with plans for a £49billion third runway. Around 750 properties would be demolished if the expansion is approved, and some elderly residents say they would rather stay in their homes until they die than…
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Xbox restructure to scale back Game Pass day-one first-party releases
Xbox CEO Asha Sharma has announced a sweeping restructure of the company via a publicly distributed staff memo, involving 3,200 layoffs, the divestment of four or five studios, and significant management changes over the coming year. Although Game Pass — Xbox’s flagship subscription service and central strategy since the pandemic — was barely mentioned, the…
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Fast & Furious wraps up as Fast Forever films in Los Angeles
Vin Diesel shares a behind-the-scenes glimpse of the final Fast & Furious installment, Fast Forever, as the franchise nears $7.5 billion in revenue.
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Indonesia begins enforcing tourist visa work ban affecting Bali content creators
Indonesia has begun enforcing stricter immigration rules under which it is now illegal for foreigners on a tourist visa to work, conduct research, volunteer or earn income while in the country, including in Bali. The move matters because Bali is one of Australia’s most popular holiday destinations, and the rules explicitly capture social media activity…
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Russia deploys shadow-fleet drones to test NATO air defences across Europe
A new IISS report links Russia's shadow fleet vessels to 144 suspected drone incursions over NATO military bases and nuclear sites across Europe.
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Melbourne graffiti artist scales Bolte Bridge pillar prompting police standoff
A graffiti artist has climbed one of the 140-metre-high pillars of Melbourne’s Bolte Bridge, sparking a police standoff and partially shutting the busy inner-city crossing. Emergency services were called around 3am on Tuesday, and one lane was closed as police negotiated with the man, who was refusing to come down. The stunt matters because it…
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Xbox to cut 3,200 jobs and close four studios in major restructure
Microsoft’s Xbox division has announced what its CEO Asha Sharma called “the most significant restructure in Xbox history”, cutting 3,200 jobs and closing four studios — Compulsion Games, Double Fine Productions, Ninja Theory and Undead Labs. In a memo to staff, Sharma said the business was “not healthy”, operating at margins three to ten times…