BUSINESS

Chinese internet and gaming giant Tencent said on Wednesday that profits in the fourth quarter of 2024 surged 90 percent as the firm accelerates a push into artificial intelligence (AI).

Millennials were the biggest spenders at $25 billion, while Gen X, Gen Z, and Baby Boomers spent AU$19 billion, AU$12 billion, and AU$10 billion, respectively.

Even high earners are seeing housing costs eat up more than 30% of their income, particularly in major cities and many regional areas.

Premium carmaker Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing "immense challenges" as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition.

Nvidia chief Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and quantum computing on Tuesday, shrugging off talk of China's DeepSeek disrupting the market.

European stocks rose on Tuesday as investors prepared for Germany's lawmakers to vote on a massive spending boost for defence and infrastructure, while escalating geopolitical fears supported commodities.

Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car.

Markets rose on Monday as investors welcomed Chinese plans to kickstart consumption in the world's number two economy, though worries about Donald Trump's tariffs war continue to cast a shadow over trading floors.

China's economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday, muddying Beijing's drive to boost flagging consumption.

The regulator stated that from July 1, 2019, to Oct. 18, 2024, the fund took between four months and four years to assess these claims. In 254 cases, AustralianSuper took between 15 and 213 days just to provide the claim form.

Albanese is using soft drinks as a symbolic protest against American trade policies, urging Australians to back local businesses by opting for flavors like ginger beer, sarsaparilla, lemon-lime and bitters, guava, and Burgundee creaming soda.

Rebuilding trust after a scandal is no simple task. Baden Bower believes a successful strategy should address past wrongdoings while allowing room for a new chapter.

The drop came after a US stock market's sell-off on Wall Street the previous day, as investors questioned the potential economic impact of Trump's trade decisions.

The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger.

European and Asian stock markets mostly fell Monday, as investors feared the impact of President Donald Trump's trade policy on the economic growth of the United States and China, the world's biggest economies.

President Donald Trump said Sunday the United States was in talks with four groups interested in acquiring TikTok, with the Chinese-owned app facing an uncertain future in the country.

Global stock markets tumbled and the dollar retreated Friday as uncertainty over US President Donald Trump's trade policies roiled markets and traders awaited key US jobs data.

Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia's biggest economy.

Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy -- and where the Republican president faces conflict of interest concerns.

Troubled Australian casino operator Star Entertainment said Friday it is trying to sell its stake in a major resort to raise desperately needed cash.

The decision has caused outrage among the Finance Sector Union, which represents nearly 22,000 workers. The union is questioning why the bank is making these cuts just weeks after reporting a massive half-year profit of AU$5.13 billion.

Asian stocks climbed on Thursday as investors welcomed US President Donald Trump's auto tariff delay and were expecting China to announce a large stimulus package.

The Japanese owner of 7-Eleven announced on Thursday a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO of its US unit.

$XRP climbed early Wednesday amid speculation Ripple CEO Brad Garlinghouse will attend the White House's first ever crypto summit to be hosted by President Donald Trump – several crypto executives have announced they received invitations, but Garlinghouse has yet to confirm he was invited to the event.

According to the Workplace Gender Equality Agency, nearly three-quarters of Australian employers still pay men more than women. For the 12 months leading up to March 2024, women earned on average AU$28,425 less than their male counterparts. This means that for every dollar a man earns, a woman earns only 78 cents.

Established by the German federal parliament in 1964, the organization is relied upon by German consumers to make informed purchasing decisions.

Some of the crypto industry's most prominent executives are speaking out against the "crypto reserve," explaining that Bitcoin is the only asset that meets the standards for store of value asset.

The move aligns with Trump's broader push to boost investments in American manufacturing. It will support the development of three new advanced chip plants, expanding beyond TSMC's existing facility and two ongoing projects in Arizona. The expansion is expected to generate tens of thousands of jobs.

DeepSeek was met with much resistance when it first landed into the global tech space, weeks since the Chinese AI chatbot's launch, some experts in the blockchain industry are seeing the AI model in a different light.