BUSINESS

Sunrise Energy Metals' shares surged following a U.S. government financing commitment for its Syerston scandium project, highlighting its strategic importance in the critical minerals sector.

Australian shares remained flat as energy stocks offset broader caution due to US-Iran tensions and anticipated Reserve Bank rate hikes. The ASX 200 index hovered near breakeven amid global uncertainties.

A landmark feasibility study by CSIRO and partners explores the revival of Australia's textile industry, focusing on domestic cotton and wool processing to enhance economic value and meet consumer demand.

One Nation's proposal to allow early superannuation access for housing costs faces criticism from Australian government and opposition, citing risks to retirement security and economic stability.

Google users in the US reported widespread service disruptions affecting Search, YouTube, and Google Play. The outages highlight the interconnected nature of Google's services and their global impact.

Influential figures in Elon Musk's circle are investing in psychedelic therapeutics, aiming to integrate drugs like MDMA and psilocybin into mainstream mental health treatments, despite regulatory challenges.

Kia has launched the India-spec Sorento SUV, offering hybrid and diesel options. Positioned above the Carens and Seltos, it targets the competitive premium SUV market with advanced features.

A major forum in Seoul will explore AI's potential to revolutionise drug development, with sessions on its impact across industries like art, architecture, and entertainment, featuring global executives and experts.

Maruti Suzuki launches the 2026 Baleno facelift in India, featuring a new three-cylinder engine, advanced driver-assistance systems, and design enhancements, aiming to strengthen its position in the competitive hatchback market.

LeBron James partners with Polymarket, marking a significant milestone in the expansion of prediction markets in sports. The partnership focuses on football, with further details expected soon.

Daraxonrasib, a newly approved drug for pancreatic cancer, shows potential in shrinking tumors in lung cancer patients, targeting a broad range of RAS mutations with a novel mechanism.

John Ternus becomes Apple's CEO, succeeding Tim Cook, and faces immediate challenges with the launch of a new iPhone lineup, including Apple's first foldable device, amidst strategic shifts in AI.

Apple's upcoming event will unveil new iPhones, including a foldable model, highlight AI integration with Google, and introduce a staggered release strategy, potentially reshaping the smartphone industry landscape.

Tesla's launch of the driverless Cybercab in Austin prompts a federal audit to assess compliance with outdated vehicle-safety regulations, highlighting potential legal challenges for the automaker.

The ongoing conflict involving the US, Israel, and Iran has severely disrupted shipping through the Strait of Hormuz, a critical oil trade route, with significant economic and human impacts.

Cathay Pacific celebrates its 80th anniversary, evolving from a single cargo aircraft in 1946 to a global airline serving over 100 destinations, with a focus on innovation, sustainability, and passenger experience.

Elon Musk faces criticism from celebrities and business figures over his leadership of X, Tesla, and SpaceX, with public disputes highlighting concerns about his influence and conduct.

Blue Origin has recruited 47 engineers from Amazon's Leo satellite project to work on its TeraWave initiative, intensifying competition in the satellite communications market.

Australian shares experienced a volatile week, with the ASX 200 index fluctuating due to Middle East tensions, rising bond yields, and expectations of a Reserve Bank interest rate hike.

Several major AI platforms, including ChatGPT and Claude, experienced simultaneous outages, affecting users globally. The disruptions highlight the need for improved resilience in cloud-based AI services.

York Space Systems faces securities fraud litigation following a stock decline linked to software issues. Despite legal challenges, the company reports operational progress and introduces a new spacecraft platform.

McDonald's shares have reached a one-year low as U.S. customer visits decline, despite strong earnings. The company aims to address these challenges with new leadership and strategic initiatives.

GameStop's upcoming earnings report and potential eBay acquisition are pivotal, with investors eyeing strategic shifts amid declining retail sales and growing investment gains.

Elon Musk addresses speculation about Tesla's gold Cybercab, clarifying its design inspiration as a nod to New York taxis and manufacturing efficiency, not President Trump's affinity for gold decor.

Nvidia's acquisition of AI platform Hugging Face for $12.93 billion underscores its commitment to open-source AI development, boosting its influence in the industry and driving stock gains.

Lululemon's stock dropped 17.23% after cutting its full-year guidance for the third time, overshadowing a quarterly earnings beat. The company faces challenges in North America and China, with leadership changes imminent.

Over 30,000 global tech jobs have been cut in early 2026, driven by AI restructuring. The US leads with 24,600 layoffs, as companies streamline operations and focus on AI investments.

Labor Day 2026, observed on September 7, affects banking, postal, and financial services closures, while most retail stores remain open. Plan ahead for travel, shopping, and essential services during this federal holiday.

Sony Pictures' 'Spider-Man: Brand New Day' has become the highest-grossing film in ScreenX and 4DX formats, earning over $104 million globally in 33 days, highlighting the growing appeal of premium cinema experiences.