Beijing has condemned remarks by Philippine defence chief Gilberto Teodoro Jnr, saying the comments seriously damaged bilateral trust and showed a lack of gratitude for Chinese aid. China’s foreign ministry on Tuesday called on Manila to take action to prevent “a few clowns” from sabotaging bilateral ties through repeated political theatrics, as ties between the two neighbours remained strained. O...
Beijing has condemned remarks by Philippine defence chief Gilberto Teodoro Jnr, saying the comments seriously damaged bilateral trust and showed a lack of gratitude for Chinese aid. China’s foreign ministry on Tuesday called on Manila to take action to prevent “a few clowns” from sabotaging bilateral ties through repeated political theatrics, as ties between the two neighbours remained strained. On the sidelines of the Shangri-La Dialogue in Singapore, Teodoro said during an interview with...
Masayoshi Son has been called a visionary and a reckless gambler, sometimes in the same sentence. He bet on Alibaba before anyone in the West had heard of it. He lost billions on WeWork. He turned Arm Holdings into the backbone of the AI chip industry. On June 1 in Paris, he made his most sweeping ...
Masayoshi Son has been called a visionary and a reckless gambler, sometimes in the same sentence. He bet on Alibaba before anyone in the West had heard of it. He lost billions on WeWork. He turned Arm Holdings into the backbone of the AI chip industry. On June 1 in Paris, he made his most sweeping ...
Australia’s Megaport Ltd. is seeking to raise A$827.3 million ($594 million) to support the creation of an artificial intelligence inference cloud and execute new contracts, one of the country’s biggest deals this year as companies look to finance the global data center buildout. The infrastructure software firm is offering new shares under an entitlement offer at A$14.30 apiece, representing a 13...
Australia’s Megaport Ltd. is seeking to raise A$827.3 million ($594 million) to support the creation of an artificial intelligence inference cloud and execute new contracts, one of the country’s biggest deals this year as companies look to finance the global data center buildout. The infrastructure software firm is offering new shares under an entitlement offer at A$14.30 apiece, representing a 13.9% discount to Monday’s close, according to an exchange filing Wednesday. Proceeds will fund customer contracts, including four new AI infrastructure agreements collectively worth A$458.9 million, as well as the establishment of a graphics processing unit pool. The deal is the second biggest follow-on equity sale to existing shareholders by an Australian company this year. Data center operator NextDC Ltd. in April raised $1.1 billion, according to data compiled by Bloomberg. Megaport shares were halted on Tuesday ahead of the transaction and contract announcements. Australia is increasingly becoming a destination for data center investment due to abundant renewable energy resources and a pipeline of infrastructure development. Spending in the three months to March reached a record , with companies investing A$8.7 billion in data centers during the quarter. “AI inference represents one of the biggest infrastructure opportunities of the next decade,” said Michael Reid , Megaport’s chief executive officer. “The contracts announced today reflect the accelerating demand for globally-distributed AI inference infrastructure.” Surging data center demand has powered a rally in several related shares across Australia and New Zealand. Wellington-based Infratil Ltd. has risen 38% this year to become the best performing stock on New Zealand’s equity benchmark. NextDC and Australian peer Macquarie Technology Group Ltd. have enjoyed similar gains. Megaport is up 36%. Read More: Infratil CEO Sees ‘Latent Potential’ for Data Centers in ANZ The A$2.9 billion company also tightened its reven...
China has expanded its outbound investment regulations to explicitly cover individual investors for the first time, a shift that potentially raises compliance hurdles for tech founders and even ordinary stock investors. The new rules , released Monday by China’s cabinet, broadened the definition of “investors” to include individual residents. The move marks a departure from existing frameworks tha...
China has expanded its outbound investment regulations to explicitly cover individual investors for the first time, a shift that potentially raises compliance hurdles for tech founders and even ordinary stock investors. The new rules , released Monday by China’s cabinet, broadened the definition of “investors” to include individual residents. The move marks a departure from existing frameworks that focused primarily on overseas corporate investments, bringing financial activities that have long operated in a legal gray area under closer scrutiny. Under the previous system, Chinese firms seeking to invest abroad required outbound direct investment approval from multiple government agencies, but the rules did not explicitly apply to individuals. This left individual overseas investment activities in an “ambiguous state,” said Wang Zhiyi, founder of the research firm Shanghai Fangchang Information Development Co. “Strictly speaking, China has long lacked a systematic institutional framework for outbound direct investment by individual domestic residents,” Wang said. For years, Chinese entrepreneurs and wealthy individuals have moved capital abroad by setting up offshore entities, funneling money into foreign acquisitions, overseas property and stakes in companies outside China. Those arrangements are now likely to face tighter scrutiny. Gene Ma, head of China Research at the Institute of International Finance, said a related concern is the offshore capital raised by China-linked companies through so-called “red-chip” structures. Under that arrangement, an offshore entity holds China-based assets, a setup that has long allowed domestic startups to raise foreign venture capital and list in New York or Hong Kong. “The capital subsequently raised through offshore IPOs is not necessarily repatriated, but is instead retained overseas, creating a massive external capital loop,” Ma said. “By bringing individuals into the regulatory framework, China hopes to better manage this ...
(RTTNews) - Astera Labs Inc. (ALAB) announced a major expansion of its Taiwan operations and Cloud-Scale Interop Lab. This move strengthens the company's engineering and operational footprint while deepening strategic collaboration with customers and ecosystem partners in one of
(RTTNews) - Astera Labs Inc. (ALAB) announced a major expansion of its Taiwan operations and Cloud-Scale Interop Lab. This move strengthens the company's engineering and operational footprint while deepening strategic collaboration with customers and ecosystem partners in one of
Fast cars, luxury watches – and, of course, that motorhome: the list of what former SNP chief executive Peter Murrell bought with embezzled funds is dizzying. Severin Carrell reports. As chief executive of the SNP Peter Murrell was an extraordinarily influential politician. Along with former SNP leader Alex Salmond he helped turn the party into an election-winning machine. And he married the woman...
Fast cars, luxury watches – and, of course, that motorhome: the list of what former SNP chief executive Peter Murrell bought with embezzled funds is dizzying. Severin Carrell reports. As chief executive of the SNP Peter Murrell was an extraordinarily influential politician. Along with former SNP leader Alex Salmond he helped turn the party into an election-winning machine. And he married the woman who would increase its popularity even further – Nicola Sturgeon. Then came the news he had admitted embezzling money from the party – and using it to buy everything from toilet rolls and instant coffee to a Jaguar. At the weekend Sturgeon felt compelled to break her silence and give an interview to the BBC, insisting she knew nothing about her now ex-husband’s crimes. The Guardian’s Scotland editor, Severin Carrell , explains how the case is still unfolding, with a court hearing this week and sentencing this month. He tells Annie Kelly what we have learned about Murrell’s behaviour. “It was almost as if you had a teenager funding their entertainment habits and a lavish lifestyle on somebody else’s credit card,” he says. Continue reading...
Ebola has reached a health zone more than 100 miles from the mining town where Democratic Republic of Congo’s outbreak is believed to have begun, as responders track fewer than 40% of known contacts in the epidemic’s hardest-hit province. Health officials in Ituri province, which accounts for almost 94% of confirmed infections, were actively monitoring only 39.3% of identified contacts, the countr...
Ebola has reached a health zone more than 100 miles from the mining town where Democratic Republic of Congo’s outbreak is believed to have begun, as responders track fewer than 40% of known contacts in the epidemic’s hardest-hit province. Health officials in Ituri province, which accounts for almost 94% of confirmed infections, were actively monitoring only 39.3% of identified contacts, the country’s National Institute of Public Health said in a report Tuesday. The newly affected health zone of Mambasa lies southwest of the town of Mongbwalu, considered the outbreak’s point of origin, bringing the total number of affected health zones nationwide to 24. The outbreak — caused by the rare Bundibugyo virus — has become one of the most complex Ebola epidemics in recent years, spreading through a conflict-affected region where insecurity, population movements and distrust of authorities are undermining efforts to identify contacts and isolate cases. At the same time, health officials are trying to make sense of rapidly changing surveillance data. Read more: What to Know About Ebola as Fears of Spread Grow More than 4,000 contacts are now under follow-up across the three affected provinces, though fewer than half were reached by surveillance teams, according to the report. Neighboring Uganda also confirmed six new cases Tuesday, bringing its total to 15 infections, including one death. Testing Gains Responders in Congo cleared a laboratory backlog that had built up in recent days, analyzing all 76 samples collected on Monday. Almost a third tested positive for Ebola. Congo has now recorded 344 confirmed infections and 60 confirmed Ebola deaths, according to the report. The death toll rose from 48 reported Monday after officials updated figures in North Kivu province, where delays in treatment, community deaths and patients fleeing care have contributed to unusually high mortality. Twenty-three new confirmed cases were reported on June 1 alone, including 11 in Mongbwalu and...
(Bloomberg) -- SpaceX aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion initial public offering, Reuters reported, citing an unidentified person familiar with the matter. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtCanada Dips Into Technical Recession for Firs...
(Bloomberg) -- SpaceX aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion initial public offering, Reuters reported, citing an unidentified person familiar with the matter. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtCanada Dips Into Technical Recession for First Time Since 2020SpaceX Staffers Prep for Multimillion-Dollar Windfalls by Pushing for VIP TermsAndr