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Finance · 3 days ago

Coles' Profit Warning Sends Shares to the Grocery Cart's Bottom Shelf

Noor Hale, World desk

Coles' shares were wiped by billions after a profit warning, underscoring the tightening grip of rival Woolworths on the Australian grocery market.

Politics · 3 days ago

Anthropic’s Odd Pitch: Promising World‑Changing AI While Hinting at Existential Risk

Rex Blister, Sydney desk

Anthropic is courting investors with bold claims that its AI will reshape the global economy, but the company also warns the technology could pose an existential threat, an unusual mix that has investors both intrigued a…

World · 3 days ago

Shock General Promotion Amid Ghostly Politburo Meeting as Xi Warns Purges Will Keep Coming

Tariq Bell, World desk

China’s top leader warned that political purges will continue after a key Politburo meeting with record low attendance saw a top general unexpectedly promoted.

Lighter · 3 days ago

Desert Lions Get a Tech-Backed Boost

Lighter Desk

Rangers in Namibia are blending modern technology with old-school tracking skills to help protect lions. This mix of real-time data and traditional knowledge aims to support local farmers while safeguarding the recoverin…

Finance · 3 days ago

Fed’s ‘No‑Change’ Move Leaves Mortgages in a Long‑Distance Relationship

Noor Hale, World desk

The Federal Reserve kept rates flat while the economy grew, sparking jokes about mortgages, car loans, and the Fed’s new hobby of watching paint dry.

World · 3 days ago

Alphabet’s $500bn tumble: AI search summaries send investors into a panic

Tariq Bell, World desk

Alphabet shares fell more than 12%, wiping out roughly $500 billion in market value and hitting a six-month low after AI-driven search summaries dented ad revenue, rattling investors on Wall Street.

Entertainment · 3 days ago

Byron Allen Sells Starz, Leaving Steven Mnuchin to Wonder About His Stockpile

Candy Voss, Washington desk

Byron Allen sold his entire 10 % stake in Starz—1.8 million shares—between Aug 9 and Sep 29 at $21‑$27 per share, cashing in after buying the stake from former Treasury Secretary Steven Mnuchin.

Finance · 3 days ago

Amazon’s AI Data‑Center Push Burns Cash, Leaves Wall Street Sweating

Helen Pell, Washington desk

Amazon announced swelling AI‑related data‑center investments on Thursday, a move that has sent its share price stumbling and left Wall Street uneasy about the cash burn.

Finance · 3 days ago

ASX nudges higher as Alphabet plunges and the ECB chief quits – market participants scramble for meaning

Vera Chen, Sydney desk

The Australian stock market is set to edge up despite a historic drop in Alphabet’s shares and the surprise resignation of the ECB chief, leaving market participants bewildered and busy.