Beijing has cautioned Australia about potential political ramifications after the latter’s major political parties announced election campaign pledges to terminate a 99-year lease held by a Chinese-owned company on the strategic Darwin Port. Both Labor and Coalition have committed to buying back the port from Landbridge Group, a Chinese operating firm, regardless of the outcome … Read more
Sir Keir Starmer has said his government stands ready to use industrial policy to “shelter British business from the storm” after Donald Trump’s new 10% tariff kicked in. The UK was among a number of countries hit with the lowest import duty rate following the president’s announcement on 2 April – which he called ‘Liberation … Read more
Binance co-founder Changpeng “CZ” Zhao is donating 500 BNB (BNB) each to Thailand and Myanmar following a 7.7 magnitude earthquake that caused severe damage to buildings and widespread flooding. Zhao plans to distribute the funds through Binance and Binance Thailand if a third-party onchain donation platform cannot be found to distribute the disaster relief funds. … Read more
Atkins, who sat on the SEC from 2002 until 2008, lamented the current regulatory ambiguity. He emphasized that new rules that would be effective, fair, and within the SEC’s authority were necessary. His cause is to steer the agency back to its core mandates—protecing investors, enjoying fair markets, and encouraging capital growth. Senator Tim Scott, … Read more
Atkins, who sat on the SEC from 2002 until 2008, lamented the current regulatory ambiguity. He emphasized that new rules that would be effective, fair, and within the SEC’s authority were necessary. His cause is to steer the agency back to its core mandates—protecing investors, enjoying fair markets, and encouraging capital growth. Senator Tim Scott, … Read more
Before a packed crowd of oil and gas executives on Monday, Chris Wright, the new U.S. energy secretary, delivered a scathing critique of the Biden administration’s energy policies and efforts to fight climate change and promised a “180 degree pivot.” Mr. Wright, a former fracking executive, has emerged as the most forceful promoter of President … Read more
European leaders pledged to support Ukraine The British prime minister, Keir Starmer, declared yesterday that “we are at a crossroads in history,” and announced that European countries would assemble a “coalition of the willing” to defend Ukraine against Russia. Read more here. The announcement followed a meeting in London of 18 European leaders that Ukraine’s … Read more
Britain’s BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to “fundamentally reset” its strategy. Profit after tax tumbled to $381 million in 2024 from $15.2 billion in 2023, owing to weaker refining margins, asset write-downs and unfavourable accounting effects linked to gas … Read more
Following $500 billion Project Stargate launch, Meta is also dolling out the dollars Meta’s $65 billion is lower than Microsoft’s $80 billion commitment AWS is set to spend more than $75 billion while Google has yet to say how much it will spend If you have a few hundred billion dollars burning a hole in … Read more
Meta CEO Mark Zuckerberg has outlined the AI ambitions for the social media behemoth in 2025, stating that the company’s ChatGPT rival Meta AI will be the leading assistant and serve over 1 billion people. He also stated that the company’s upcoming large language model (LLM), Llama 4 will be ‘state of the art’. In … Read more