Business

Australia to Spend Another $3.2 Billion to Set Up Aukus Shipyard

Australia to Spend Another $3.2 Billion to Set Up Aukus Shipyard

Australia intends to plow more funding into a government-run shipyard in preparation for building nuclear-powered submarines, as the nation moves to upgrade its navy and expand domestic shipbuilding capacity.

Yen’s Worst Week Since May Brings It Close to 165 Versus Dollar

Yen’s Worst Week Since May Brings It Close to 165 Versus Dollar

The yen is on track for its biggest weekly loss in more than two months, with intervention warnings doing little to deter investors betting on further weakness.

Naira to weaken as fuel importers increase dollar demand

Naira to weaken as fuel importers increase dollar demand

The naira is projected to weaken against the dollar as fuel importers increase foreign exchange purchases, putting pressure on the Nigerian currency. Read More: https://punchng.com/naira-to-weaken-as-fuel-importers-increase-dollar-demand/

Amazon cracks down on use of AI images by sellers after New York law

Amazon cracks down on use of AI images by sellers after New York law

A recently enacted New York law mandates that companies disclose when an ad includes a "synthetic performer" in place of a human actor.

Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion

Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion

Allianz to acquire Singapore insurance business from HSBC

Thailand among countries still on US Treasury's currency monitoring list

Bangkok Post

Thailand among countries still on US Treasury's currency monitoring list

No major ⁠US ⁠trading partner manipulated its currency to gain an unfair trade advantage in 2025, the US Treasury Department said on Thursday, &zwnj;but 10 leading trading partners, including Thailand, remain on a list for enhanced…

Bangkok Post

Singapore Pushes Back as US Levies Hit on Forced-Labor Claim

Singapore Pushes Back as US Levies Hit on Forced-Labor Claim

Singapore’s top diplomat said there was no economic justification for the US to impose tariffs on the city-state, adding that it seeks to avoid becoming “collateral damage” in Washington’s broader trade policy.

Meta faces higher borrowing costs in latest $12bn data centre financing

Financial Times

Meta faces higher borrowing costs in latest $12bn data centre financing

BlackRock-led deal meets investor anxiety over rising AI exposure

Financial Times

Brace for higher fuel prices, says Waitomo chief

Stuff

Brace for higher fuel prices, says Waitomo chief

Waitomo Group chief executive Simon Parham said motorists should brace for higher prices at the pump.

Stuff

Top Environmental Fund Sees Japan Key to AI Energy Challenge

Top Environmental Fund Sees Japan Key to AI Energy Challenge

Asia’s best-performing environmental fund has increased exposure to Japan as it expects the nation’s technology sector to prove increasingly pivotal in solving the artificial intelligence industry’s surging power demands.

‘Domestic investors now control 80% of stock market’

‘Domestic investors now control 80% of stock market’

Domestic investors now control 80% of the Nigerian stock market, enhancing stability and reducing foreign dominance. Learn about investment opportunities a Read More: https://punchng.com/domestic-investors-now-control-80-of-stock-market/

Crude crosses $100 as Red Sea tensions disrupt supplies

Crude crosses $100 as Red Sea tensions disrupt supplies

Global crude oil prices surge past $100 per barrel as escalating Red Sea attacks disrupt supplies, raising fears of wider global oil trade disruptions. Read More: https://punchng.com/crude-crosses-100-as-red-sea-tensions-disrupt-supplies/