Finance
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China’s artificial intelligence boom might help mitigate some tariff pain

Computer chip with Chinese flag, 3d conceptual illustration. Steven Mcdowell/science Photo Library | Science Photo Library | Getty Images BEIJING — For Chinese companies wary of U.S. tariffs, the big difference between President Donald Trump’s first and second terms is the emergence of generative artificial intelligence. Chinese companies are hard at work. Nearly every day…

Economy
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Federal budget 2025 live updates: question time under way after tax cuts pass lower house; Leonardo DiCaprio calls for protection of Maugean skate

Treasurer says Coalition opposition to tax cuts ‘beggars belief’ Going back to Chalmers at the National Press Club, the treasurer is reacting to the Coalition not supporting the government’s tax cuts bill in the House of Representatives earlier today. Cutting cost of living help is the only motivation that seems to bind together this particular…

Economy
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Trump adviser Waltz claims ‘full responsibility’ for adding journalist to Signal group but can’t explain how it happened – as it happened

Waltz claims ‘full responsibility’ for adding journalist to Signal group but can’t explain how it happened In an interview with Laura Ingraham on Fox, Mike Waltz, the national security adviser, insisted that he does not know and has never texted with Jeffrey Goldberg, the well-connected Atlantic editor who was added to his Signal group chat…

Economy
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South Korea fires: 18 dead as acting president speaks of ‘unprecedented damage’

At least 18 people have died and another 19 injured as wildfires ravaged South Korea’s southern regions amid dry weather and strong winds, according to government officials. Han Duck-soo, South Korea’s prime minister and acting president, said five days of fires had caused “unprecedented damage” and asked agencies tackling the disaster to “assume the worst-case…