Apple can't keep up with record Mac demand after the MacBook Neo and AI-capable Mac Mini and Studio flew off shelves faster than even the company predicted.
Apple can't keep up with record Mac demand after the MacBook Neo and AI-capable Mac Mini and Studio flew off shelves faster than even the company predicted.
Jimmy Wales remembers a toxic internet even before social media and says AI is ‘not a disaster’ for the free – and freely edited - online encyclopaedia Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Wikipedia’s founder, Jimmy Wales, has branded the Australian social media ban an “unmitigated disaster” and an “embarrassment” that ...
Jimmy Wales remembers a toxic internet even before social media and says AI is ‘not a disaster’ for the free – and freely edited - online encyclopaedia Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Wikipedia’s founder, Jimmy Wales, has branded the Australian social media ban an “unmitigated disaster” and an “embarrassment” that is teaching kids to accept surveillance from tech companies when they go online. The online encyclopaedia that anyone can edit was born in a world before social media, in 2001. But Wales told Guardian Australia that many of the ills of social media existed even in the earlier stages of the internet. Continue reading...
The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said. “It serves our national interests and long-term strategic objectives, aligns with our industrial, economic, and developmental ambitions, and gives us greater ability to accelerate investment, expand, and create value,” Sultan Al Jaber...
The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said. “It serves our national interests and long-term strategic objectives, aligns with our industrial, economic, and developmental ambitions, and gives us greater ability to accelerate investment, expand, and create value,” Sultan Al Jaber , chief executive officer of Abu Dhabi National Oil Co. said in a speech. Adnoc touted its plans on Sunday, saying it’s planning to accelerate a growth push with 200 billion dirhams ($55 billion) in oil-project awards as part of an already-announced $150 billion program. The latest statement came the same day as a meeting of the Organization of Petroleum Exporting Countries , which agreed on a modest and symbolic increase in their June production quota levels. OPEC’s control over production levels was a sticking point in the UAE’s participation in the group going back years. UAE Energy Minister Suhail Al Mazrouei has said that the disruption caused by the war in the Middle East created an opportune time for country’s decision to quit the group. Adnoc has put UAE’s oil production capacity at 4.85 million barrels a day, which is higher than assessments by some other agencies. The country is increasing its capability to 5 million a day by 2027. Leaving OPEC “is part of a broader effort to reshape our economy and industrial base through a vision that connects energy, technology, and industry, aligning our resources with national priorities to build a stronger, more resilient economy,” Al Jaber said on Monday.
(RTTNews) - Stock markets in Europe are expected to open higher on Monday amidst positive sentiment generated by strong corporate earnings from the tech sector. AI enthusiasm and hopes of further progress in U.S.-Iran peace talks has also bolstered market sentiment. Equity market
(RTTNews) - Stock markets in Europe are expected to open higher on Monday amidst positive sentiment generated by strong corporate earnings from the tech sector. AI enthusiasm and hopes of further progress in U.S.-Iran peace talks has also bolstered market sentiment. Equity market
JHVEPhoto Samsung Electronics shares’ ( SSNLF ) recent lag behind SK Hynix ( HXSCL ) could worsen as a potential workers’ strike pressures South Korea’s most valuable company relative to its chipmaking rival. Samsung gained as much as 4.8% to a record high on Monday, part of a global rally driven by continued investor optimism about artificial intelligence. That pales before SK Hynix’s 12% surge. ...
JHVEPhoto Samsung Electronics shares’ ( SSNLF ) recent lag behind SK Hynix ( HXSCL ) could worsen as a potential workers’ strike pressures South Korea’s most valuable company relative to its chipmaking rival. Samsung gained as much as 4.8% to a record high on Monday, part of a global rally driven by continued investor optimism about artificial intelligence. That pales before SK Hynix’s 12% surge. Citigroup analyst Peter Lee, in a report released on the April 30, maintained a "Buy" rating on Samsung Electronics but cut the target price by 6.3% to 300,000 won from 320,000 won. As per reports, Citigroup said Samsung Electronics could face near-term pressure on earnings as labor tensions rise, with a possible strike from May 21 to June 7 and higher costs weighing on profit. The price target cut stems from the recent labor dispute. Citi flagged rising costs - particularly performance bonuses that could hit earnings if the Samsung Electronics union strike escalates - as the key risk. With short-term cost pressures likely to erode profits, the bank lowered its operating profit forecasts by 10% for this year and 11% for next year. Lee analyzed, "The memory cycle's strength itself will align with market consensus, with the memory shortage expected to worsen in 2027." However, he said, "We maintain a conservative view in terms of short-term earnings visibility." More on Samsung Electronics, SK Hynix Samsung Electronics Co., Ltd. (SSNLF) Q1 2026 Earnings Call Transcript Samsung Electronics Co., Ltd. 2026 Q1 - Results - Earnings Call Presentation Samsung: Q1 Profit Guide Well Ahead Of Consensus, Remains A Buy Samsung Electronics Q1 profit jumps eightfold on AI chip demand Samsung likely to end TV, appliance sales in China: report
If I had told investors last year that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) would be one of the top artificial intelligence (AI) companies, I may have been laughed at. Alphabet has completed a phenomenal comeback and is easily among the best AI businesses out there, and its stock matches it. Over the past year, Alphabet's stock has more than doubled, showcasing its monster comeback. While some ...
If I had told investors last year that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) would be one of the top artificial intelligence (AI) companies, I may have been laughed at. Alphabet has completed a phenomenal comeback and is easily among the best AI businesses out there, and its stock matches it. Over the past year, Alphabet's stock has more than doubled, showcasing its monster comeback. While some investors may be fearful of investing in Alphabet after a major run like that, I don't think it's too late. Alphabet just showed why it belongs in the conversation of best AI stocks on the market, and there's plenty more growth ahead for this tech leader. Image source: The Motley Fool. Continue reading
Chinese Hackers Spied On Cuban Embassy As Trump Ramped Up Blockade Threats In a story which hearkens back to bygone Cold War years, fresh reports say that Chinese hackers breached and spied on the American Embassy in Cuba at a moment President Trump threatened a US naval blockade , similar to what was in place just before the overthrow by US military intervention of Venezuela's Nicolás Maduro Acco...
Chinese Hackers Spied On Cuban Embassy As Trump Ramped Up Blockade Threats In a story which hearkens back to bygone Cold War years, fresh reports say that Chinese hackers breached and spied on the American Embassy in Cuba at a moment President Trump threatened a US naval blockade , similar to what was in place just before the overthrow by US military intervention of Venezuela's Nicolás Maduro According to the findings from the cyber firm Gambit Security, cited in a Bloomberg report, "The campaign began in January and compromised the emails of 68 officials , including the Cuban ambassador and the deputy chief of mission, researchers said." via Reuters Additionally, " The breach coincided with a period of intense geopolitical friction , occurring shortly after a U.S. raid in Venezuela and roughly coincided with a decision by U.S. President Donald Trump's administration to halt oil deliveries to Cuba, contributing to widespread blackouts across the country." The report concluded that "The intruders bypassed embassy security by exploiting two 5-year-old vulnerabilities in outdated Microsoft Exchange email servers , according to the Gambit findings. Once inside, attackers downloaded entire inboxes belonging to political and intelligence officials." The serious breach highlights the trend of cyberespionage still going hand in hand with fast moving geopolitical events and 'shadow wars' between great power rivals. Russia has also been accused of covert dealings in its longtime Caribbean outpost which lies just about 90 miles off Florida's southern coast. China's aggressive push into Cuba has been sounding alarm bells since the Trump administration took power, with fears of covert surveillance operations targeting the United States, which also the establishment D.C. think tank Center for Strategic and International Studies (CSIS) has been highlighting. The fresh Bloomberg reporting seems to confirm this. "The CCP’s poisonous alliance with Cuba has posed significant threats t...
UGI Corporation is divesting non-core assets to strengthen its balance sheet and sharpen its focus on its primary natural gas and propane distribution.
UGI Corporation is divesting non-core assets to strengthen its balance sheet and sharpen its focus on its primary natural gas and propane distribution.
Gold imports and trading have surged in Hong Kong recently as merchants and investors from the Middle East and Russia move their holdings from Dubai to the city amid the regional war, according to the Hong Kong Gold Exchange (HKGX). Since early April, some gold merchants from these regions have been selling physical gold in Hong Kong at a discount of 15 to 20 per cent to the market price, said Hay...
Gold imports and trading have surged in Hong Kong recently as merchants and investors from the Middle East and Russia move their holdings from Dubai to the city amid the regional war, according to the Hong Kong Gold Exchange (HKGX). Since early April, some gold merchants from these regions have been selling physical gold in Hong Kong at a discount of 15 to 20 per cent to the market price, said Haywood Cheung Tak-hay, chairman of HKGX. “The discounted sales were a result of the US-Israel war with...
European natural gas prices edged lower, as reports of an attack on a tanker raised doubts about a US plan to begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz. Benchmark futures fell as much as 2.8%, before paring some of the losses. Prices remain at an elevated level after rising for the past two weeks. Energy traders questioned the workability of Pres...
European natural gas prices edged lower, as reports of an attack on a tanker raised doubts about a US plan to begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz. Benchmark futures fell as much as 2.8%, before paring some of the losses. Prices remain at an elevated level after rising for the past two weeks. Energy traders questioned the workability of President Donald Trump’s plan — due to start on Monday — after a tanker was reportedly hit by projectiles 78 miles north of the United Arab Emirates port of Fujairah on Sunday. The Strait of Hormuz has been effectively closed since the war began at the end of February, choking off a fifth of the world’s liquefied natural gas supplies and driving prices higher. While most gas from the Middle East normally goes to Asia, the disruption has threatened to intensify competition for a limited global pool of seaborne supply. European gas has soared about 40% since the start of the conflict, but is down from March peaks following moves among several Asian LNG buyers to rein in imports. Dutch front-month futures fell 0.5% to €45.56 a megawatt-hour as of 8:43 a.m. in Amsterdam. Trading volumes are likely to be thin because of the UK bank holiday. Read More: Global LNG Exports Fall to Two-Year Low as Iran War Chokes Flows