Australia

Microsoft commits $18 billion to build AI capacity in Australia

Microsoft shares soar on cloud push from 2022

The actions of Microsoft Corp. surged after the company reported its biggest cloud growth in four years, suggesting its AI and computing services are gaining traction with customers. The income of Azure Cloud increased 43% during the fiscal fourth quarter, the company reported Wednesday in a statement. This was the largest quarterly growth since the ...

Santiago Peña confirms his attendance at the presidential inauguration in Colombia

Santiago Peña confirms his attendance at the presidential inauguration in Colombia

The president of Paraguay, Santiago Penaconfirmed his attendance at the inauguration ceremony of the elected president of Colombia, Abelardo de la Espriella. The confirmation was made official after a meeting between the Paraguayan president and the Colombian vice president-elect, Jose Manuel Restrepo. With this decision, Grief He becomes the first head of state to ratify ...

McDonald's leads the ranking of the most valuable restaurant chains in the world

McDonald’s leads the ranking of the most valuable restaurant chains in the world

McDonald’s remains the most valuable restaurant chain in the world with a market capitalization of US$195.1 billion, a figure that far exceeds that of its closest competitors. According to data from CompaniesMarketCapthe company is worth more than four times what the second and third companies in the ranking register: Chipotle Mexican Grill (US$45.2 billion) and ...

Meta dismissed the lawsuit over WhatsApp privacy accusations

Meta dismissed the lawsuit over WhatsApp privacy accusations

A judge dismissed a lawsuit alleging that WhatsAppproperty of Meta Platforms Inc., can access users’ encrypted messages and has made false claims about the privacy and security of its chat service. U.S. District Judge Rita Lin on Thursday night dismissed the lawsuit filed by an international user group, but said they can review it and ...

Opec+ will raise oil production targets again starting in September

Opec+ will raise oil production targets again starting in September

OPEC+ is likely to agree, when it meets on August 2, to a further increase in its oil production targets starting in September, three sources said, even though the US war with Iran is once again preventing some members of the group from increasing their output. Sources indicated that it is likely that seven key ...

China's public spending plummets to lowest level since October

China’s public spending plummets to lowest level since October

China’s public spending plunged in June to its lowest level since October, suggesting the government further tightened fiscal policy despite growing calls for more support as economic growth slows. According to calculations of Bloomberg based on data from Ministry of Financepublic spending fell 11.9% in June compared to the same month of the previous year. ...

China risks reaching 20% ​​youth unemployment if the labor crisis extends

China risks reaching 20% ​​youth unemployment if the labor crisis extends

Youth unemployment in China could reach levels not seen for more than three years, as record numbers of graduates prepare to enter the job market at a time when artificial intelligence threatens to displace more entry-level jobs. According to data published this week by the National Statistics Officethe rate of unemployment in urban areas for ...

Washington condemns Ortega's decision to eliminate elections in Nicaragua

Washington condemns Ortega’s decision to eliminate elections in Nicaragua

The president of Nicaragua, Daniel Ortegareceived harsh criticism from Washington after stating that the country will stop holding elections, consolidating the family dictatorship it has built for decades. “The declaration of Daniel Ortega “that under the dictatorship of his family Nicaragua will never hold elections again exposes the true authoritarian nature of the regime,” said ...

Attacks by the United States and Iran leave two soldiers dead in attacks

Attacks by the United States and Iran leave two soldiers dead in attacks

The United States and Iran engaged in an accelerating series of attacks on each other, causing fresh chaos in the Middle East over the weekend after attacks by the Islamic Republic killed two US service members in Jordan. According to Iranian media, US forces attacked the island of Qeshm in the Persian Gulf overnight, as ...