Nvidia-backed data centre firm scraps IPO as AI valuation concerns deepen
Artificial intelligence (AI) data centre company Firmus has scrapped its plans for what would have been one of Australia's biggest-ever stock market listings.
Economy
Sydney trader sacked for working from Singapore without permission wins unfair dismissal case
Employee had also been in Bali when he told his manager he was working from home, Fair Work Commission hears
Trump wants to reduce the cost of fuel as the midterms loom - will it work?
Prices for gasoline and diesel have more than doubled since the US-Israel conflict with Iran began in February, affecting transport businesses, farmers and anyone who drives a vehicle in America.
India Gold price today: Gold rises, according to FXStreet data
The price for Gold stood at 13,012.39 Indian Rupees (INR) per gram, up compared with the INR 12,854.28 it cost on Thursday.
Virgin unveils its future cross-Channel train as it gears up to take on Eurostar
Flash interiors, fancy food and maybe even a bar: Virgin has unveiled a mock-up of its future cross-Channel train, with a pledge to create “something genuinely new”.
High Bar for a US Dollar Correction
The metal opened the year at $28.92 and ended just below $72 per ounce, marking an annual gain of approximately 144% — silver’s sharpest calendar-year advance since 1979. That move shattered a decade-long ceiling near $…
Revealed: the ‘black box’ wastewater trade that rakes in millions for UK utility companies
Exclusive: Firms made more than £340m last year from processing industrial and commercial wastewater at sewage works that are unable to remove many chemical pollutants
Rates Outlook: Don’t Get Too Comfortable
Crude oil prices jumped and stock prices fell after President Trump declared an end to the fragile ceasefire in the Strait of Hormuz. The U.S. military attacked dozens of targets along the Iranian coastline overnight, i…
China set to resume fuel exports in October following brief suspension — Reuters
China is set to resume refined fuel exports in October following a temporary suspension during the Golden Week holiday, Reuters reported on Friday. This move aims to help ease tight global diesel, gasoline and jet fuel…
OpenAI projected to bring in $20bn less in revenue than expected
OpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI.
Swiss Franc remains on front foot as USD slips further amid softer bond yields
The USD/CHF pair attracts sellers for the second straight day on Friday, extending the previous day's retracement slide from the vicinity of mid-0.8300s, or a one-week high. Spot prices slide to the 0.8300 round figure …
Indian Rupee gets relief from pullback in US bond yields
The Indian Rupee (INR) opens slightly higher against the US Dollar (USD) on Friday. The USD/INR pair ticks lower to near 96.55, but is still close to its all-time high of 97.00. The Indian currency gets a much-needed re…
Asian Stocks struggle as OpenAI revenue miss hits AI sector, trade concerns loom
Asian stocks struggled on Friday following an overnight selloff in US tech shares, as concerns over OpenAI’s revenue outlook weighed heavily on the broader artificial intelligence sector. Market sentiment took a hit aft…
EUR/USD Price Forecast: Holds gains near 1.1230 on softer USD; bearish bias persists
The EUR/USD pair attracts buyers for the second straight day, rising to the 1.1225-1.1230 area during the Asian session on Friday amid a weak US Dollar (USD). Spot prices, however, remain confined within a range held si…
Nvidia-backed AI data centre firm scraps landmark listing over market fears
Artificial intelligence (AI) data centre company Firmus has scrapped its plans for what would have been one of Australia's biggest-ever stock market listings.
'I don't know what my partner earns': How soon into dating should you reveal your salary?
You know their favourite restaurant, what happened with their ex and their most embarrassing childhood story. But do you know how much your partner earns?
Gold hits fresh weekly top, eyes $4,200 as USD weakens further amid softer bond yields
Gold (XAU/USD) gains positive traction for the second straight day on Friday, extending this week's recovery from a two-month low. The US Dollar (USD) retreats further from April 2025 highs amid softer US bond yields, l…
Yen gains as Trump rules out Iran strikes before the midterms
The 10-year Treasury yield ended near 5.22% after President Trump said on Truth Social that the US won't attack Iran before the midterm elections. It had touched its highest since 2002 on Wednesday.
Pound holds its floor as BoE member Greene presses for a hike
Bank of England (BoE) external member Greene said in Cape Town that it's dangerous to assume markets will do the BoE's work for it, and that UK pay awards look set for about 3.5% next year. She has voted for a hike at e…
'Add me to WhatsApp' scam calls to be investigated
The UK's data watchdog is investigating a spike in complaints about "robo calls" - where a recorded voice asks you to add them on WhatsApp - that are suspected to lead to a recruitment scam.
Why are more roofs not made of solar tiles?
Some people in the US "still hate the look of solar", Kate Collardson acknowledges.
Japan household spending drops slightly less than expected in August
Tariff Revenue: New 2025 tariffs have raised $88 billion in revenue year-to-date through August so far, with the new tariffs responsible for about $23 billion in revenues in August alone.
Euro holds gains above 1.1200 despite France's fiscal worries
The EUR/USD pair holds positive ground near 1.1215 during the early Asian trading hours on Friday. Nonetheless, the potential upside for the major pair might be limited amid fears of France’s debt crisis. The Michigan C…
Mark Zuckerberg has an image problem - so why is Meta's business booming?
Mark Zuckerberg was just three minutes into his keynote speech at the company's annual Meta Connect product event last month when his tone turned almost wistful.