Australia

Will there be “free” rates or will they be regulated by the State?

Will there be “free” rates or will they be regulated by the State?

The Chancay megaport project is more than 80% complete. Although there is certainty that it will open next November, there is still no certainty as to whether it will apply a price list for its services at the free choice of its operator Cosco Shipping Ports, as expected, or whether it will have to adhere ...

Cryptocurrencies plunge, Bitcoin down 13% amid global stock market crash

Cryptocurrencies plunge, Bitcoin down 13% amid global stock market crash

In one week, the largest cryptocurrency has gone from breaking new records to experiencing one of the biggest crashes in recent times. Today alone has reduced the price of Bitcoin by 13%. Ethereum has been hit even harder, losing 20% ​​in 24 hours. Cryptocurrencies are not only not immune to the bearish wave sweeping through ...

Harris rejects Fox News debate with Trump, says ABC date still stands

Harris rejects Fox News debate with Trump, says ABC date still stands

Vice President Kamala Harris rejected an offer from her Republican opponent Donald Trump to debate her before a live audience on Fox News, saying he would stick to a previously scheduled date at ABC News. The former president and 2024 Republican candidate began the latest round of verbal exchanges on Friday night with a social ...

PDVSA reports first delays in oil exports due to public order

PDVSA reports first delays in oil exports due to public order

Venezuela’s oil production and exports were operating normally on Thursday following a disputed presidential election that has sparked international protests and backlash, but markets are on alert for persistent delays in shipments that have accumulated since the start of this year, sources told Reuters. Due to the electoral process, which typically requires the mobilization of ...

US mulls restricting China's access to AI memory chips

US mulls restricting China’s access to AI memory chips

The United States is considering imposing unilateral restrictions on China’s access to AI memory chips and equipment capable of making such semiconductors starting next month, a move that would further intensify technological rivalry between the world’s largest economies. The move is aimed at preventing Micron Technology Inc. and South Korea’s top memory chip makers SK ...

New Zealand could increase lender capital to drive further changes

New Zealand could increase lender capital to drive further changes

New Zealand is considering plans to increase the capital of its state-owned lender in a bid to make it more competitive with Australian-owned banks. Finance Minister Nicola Willis said in a speech on Saturday that KiwiBank cannot compete or drive change in New Zealand’s banking sector without additional capital. Willis suggested the government might consider ...

US Senators Sign Agreement to Recognize Gonzalez as Venezuelan President

US Senators Sign Agreement to Recognize Gonzalez as Venezuelan President

Opposition leader Edmundo González received a boost from a section of the United States Congress yesterday, Thursday. A group of Republican senators signed a resolution recognizing González Urrutia as the president-elect of Venezuela. Congressmen Marco Rubio, Dick Durbin, Rick Scott, Tim Kaine, Bill Cassidy and Michael Bennet presented the resolution that serves as a figure ...

Meta revenue beats estimates thanks to growth in AI-powered advertising

Meta revenue beats estimates thanks to growth in AI-powered advertising

Meta Platforms reported better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence are helping them sell more specific and personalized ads. Shares rose in late trading. The parent company of Facebook and Instagram reported sales of $39.1 billion for the quarter ended June 30, compared with analyst estimates ...

Brazil proposes investing US$4 billion to have "sovereign artificial intelligence"

Brazil proposes investing US$4 billion to have “sovereign artificial intelligence”

The Brazilian Government presented on Tuesday a US$4.07 billion proposal for an investment plan in artificial intelligence (AI) aimed at developing sustainable and society-oriented technologies. Because it is important Brazil, the largest economy in Latin America, wants to achieve technological autonomy and competitiveness in the AI ​​sector, aspiring to what he called “national sovereignty” rather ...