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“A strike on Riyadh airport that killed 12 led Trump to accuse Iran’s Islamic regime of steering the attacks to push oil prices higher ahead of the US midterms.”

“A strike on Riyadh airport that killed 12 led Trump to accuse Iran’s Islamic regime of steering the attacks to push oil prices higher ahead of the US midterms.”

“This was the moment at which something beyond the usual banks, miners and supermarket giants could dominate the local market: an AI infrastructure heavyweight backed by one of tech’s biggest names, promising to build the data-centre capacity needed to feed…”

“Zhao is the richest man in crypto, worth an estimated $US114 billion ($164 billion), and he lives in a villa nearby, with nine bedrooms, four bodyguards, a chef and a yacht.”

“Other low-hanging trade deals are also possible, such as China buying more US soybeans, as well as an AI dialogue channel between the two sides, which was discussed in lead-up talks this week between Treasury Secretary Scott Bessent and Chinese Vice Premier…”

“Bessent said talks with China touched on trade and AI.”

“The more cautious tone inside the White House reflects a growing concern that despite the strategic challenge posed by China, a summer of AI surprises has raised the prospect of risks that were often dismissed a year ago as the wild talk of “doomers”.”

“…inly the mood among commodity analysts this week after oil kicked off proceedings at an uncomfortable US$110 a barrel, following an Iranian-backed Iraqi militia attack that knocked out a major Saudi pipeline carrying roughly five per cent of global oil…”

“Labor has offered AI firms open use of Australian content for training if they strike deals with enough Australian companies, in an attempt to break an impasse with tech firms wanting to invest billions.”