Business

Live: ASX set to fall as oil passes $US109 and bond yields surge

Australian shares are set to open lower after oil prices and Treasury yield surged weighing on Wall Street. Follow the day's events on the ABC News live markets blog.

First phase of Army restructuring creates division focused on defending Canada

Canada's Army formally made one of the biggest changes to its structure in decades Thursday by shifting from divisions based on geography to ones built around specific purposes. A new division, that prepares the army to rapidly deploy…

Houthi rebels seize strategic port city in Yemen, escalating US-Iran crisis

The Middle East war has sucked in Yemen and others across the region while roiling the world economy, as oil prices continue to rise.

US lawmakers call on American government to blacklist three Indian hack-for-hire firms

Philip Morris CEO Is ‘Optimistic’ About Zyn Potential

Jacek Olczak discusses Zyn's strong demand and asking whether those issues have now been resolved. The conversation also focused on Philip Morris International’s year-end market share target for Zyn and whether offering larger cans with 15…

Brent crude on ICE rallies above $109 per barrel for first time since May 21

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Humans Are the Real Culprits of AI Risk

If Anthropic’s leaders are truly frightened by existential risk, they should do more to reconcile the strange logic that propels them, Bloomberg Opinion columnist Parmy Olson says. (Source: Bloomberg)

From pipelines, to railways and AI: Ottawa pitches 167 projects ahead of Carney's investment summit

CBC News has obtained the federal government's "prospectus" detailing investment opportunities ahead of next week's Canada Investment Summit in Toronto, which includes various plans across eight areas of investment.

Oracle’s AI bet pays off as cloud momentum helps drive a rosier forecast

The company saw its backlog grow even more in the latest quarter.

Oracle and AI Earnings Better Than Feared, RBC's Jaluria Says

Rishi Jaluria, RBC Capital Markets software equity research managing director, reacts to Oracle’s first-quarter earnings. Speaking on "Bloomberg The Close," Jaluria also says the overall AI trade is more durable than the market is giving…

Trading Day: Inflation palpitations

Amid war and sanctions, unemployment worsens in Iran

As the U.S. war with Iran drags on, Iranians face increasing layoffs and a rising unemployment rate.