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US company rejects Mexico's criticism, buy-out offer, says president's projects hurt the environment

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  • Staggering cost for 'comfortable' retirement in Australia

    Australians need to squirrel away 75 per cent more to retire comfortably than 20 years ago.

  • BHP boss warns Australia's $206b mining industry 'under threat': 'Do more'

    A leading mining figure has delivered a dark speech warning that Australians will need to “do more, move faster and work harder” to maintain prosperity.

  • GM China to take $5B hit; 'there will be no comeback story,' expert says

    The writing was on the wall regarding GM’s woes in China — but now investors have some visibility into it.

  • EU pushes to cut China reliance with US$4.8 billion in cleantech grants

    The European Union will throw almost US$5 billion in grants at cleantech projects with the express aim of reducing its reliance on China, in the bloc's latest move to de-risk economic ties with Beijing. On Tuesday, the European Commission invited bids for projects in the electric vehicle battery, hydrogen and other cleantech sectors, promising €4.6 billion (US$4.8 billion) in grants. In the battery sector, which is dominated globally by Chinese firms, the bids that pledged "less sourcing of cath

  • Chinese facial recognition pioneer SenseTime pivots to GenAI in business revamp

    SenseTime, one of China's leading pioneers in facial recognition, has unveiled a sweeping restructuring plan to centre its business around generative artificial intelligence (GenAI), seen as key for the company to stay relevant in a rapidly developing field. The Hong Kong-listed firm is adopting a "1 plus X" structure, whereby "1" represents the company's core operation of building AI models and cloud technology, while "X" refers to industry solutions for the car, healthcare, robotics and retail

  • Hong Kong needs to nurture insurance talent to rival Singapore and Dubai, CEOs say

    Hong Kong must grow and nurture its pool of talent in the insurance industry to compete with other financial centres like Singapore and Dubai as businesses become increasingly digitalised, executives said. Edward Moncreiffe, the CEO of global insurance at HSBC, said the city should focus on improving its physical and digital infrastructure, regulation and language skills if it wants to remain a global financial centre. This will ensure people with good services can come in and do business in Hon

  • 5 Jobs To Take Now To Earn $110,000 or Higher in 5 years

    No one starts their career at the top. If you're willing to work your way up, there's plenty of career paths that can lead to above average earnings. As of May 2023, the mean annual wage for all...

  • Chinese drone maker DJI fights to shake off 'military' tag

    Chinese drone maker DJI is fighting to prove that it is not linked to the country's military, an allegation that has resulted in US sanctions, as it continues to wage a legal and public image battle amid US-China geopolitical rivalry. Although the world's largest drone maker has denied that its products are intended for military use after reports of its drones being used on the Ukraine battlefield, and has denied any links to China's People's Liberation Army, the Shenzhen-based company has remai

  • Thailand, the ‘Detroit of Southeast Asia’, is at the forefront of China’s battle for the global auto market

    China has invested at least $1.4 billion in the nearby country’s auto plants.

  • 3 ASX Stocks Estimated To Be Undervalued By Up To 39%

    As the ASX200 edges up by 0.15% to 8,474 points, investors are closely watching the IT sector's strong performance alongside a mixed landscape where Energy and Materials have seen declines. In this environment, identifying undervalued stocks can be crucial for investors looking to capitalize on potential growth opportunities within sectors that may not currently be in favor but hold long-term promise.

  • This Reddit user, 59, took a 3 month paid leave for a taste of retirement. Here’s what you can learn

    Is a test run on retirement a good idea?

  • US trade deficit shrinks on decline in imports by most since November 2022

    The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning trade to contribute to economic growth in the fourth quarter. The trade gap narrowed 11.9% to $73.8 billion from a revised $83.8 billion in September, the Commerce Department's Bureau of Economic Analysis said on Thursday. Economists polled by Reuters had forecast the trade deficit easing to $75.0 billion from the previously reported $84.4 billion in September.

  • Oil rises on fears about Lebanon, further OPEC+ supply cuts

    NEW YORK (Reuters) -Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week. Brent crude futures posted their biggest gains in two weeks, rising by $1.79, or 2.5%, to settle at $73.62 a barrel. Israeli forces have continued strikes against what they say are Hezbollah fighters ignoring last week's truce agreement in Lebanon.

  • 'Miserable' employment services failing job seekers

    Barriers to entry-level roles are locking job seekers out of the market and making it harder for employers to plug labour shortages.

  • As Trump’s DOGE plans crackdown, Social Security union secures telework deal

    Tens of thousands of Social Security Administration staffers can continue teleworking into 2029 under a recent deal signed between their union and the agency. The agreement comes as the incoming Trump administration and its newly created Department of Government Efficiency, or DOGE, vow to require federal workers to return to the office full time in an effort to cull their numbers.

  • 3 Dividend Stocks To Enhance Your Investment Portfolio

    As global markets continue to experience gains, with major indices like the Dow Jones Industrial Average and S&P 500 reaching record highs, investors are keeping a close eye on domestic policy changes and geopolitical events that could impact future market dynamics. In this environment of economic optimism tempered by uncertainty, dividend stocks offer a compelling option for investors seeking stability and income potential in their portfolios.

  • Hugh Grant's frank comment on ex-girlfriends after Elizabeth Hurley shock

    About A Boy actor Hugh Grant has made a rare comment about his past high-maintenance girlfriends after ex Elizabeth Hurley reveals they no longer speak

  • Opinion - Putin’s overseas empire is collapsing all at once — don’t let up on him now

    Russian President Vladimir Putin faces a difficult week as Syria's government collapses, Russian military bases are overrun by rebels, and protests in Abkhazia and Kazakhstan signal a decline in Russian influence in the region.

  • Deborra-Lee Furness 'seething with rage' as new details of Hugh Jackman's romance emerge

    Deborra-Lee Furness is reportedly 'seething with rage' after her A-list friends kept news of Hugh Jackman's new relationship a secret. Read more.

  • Nicole Kidman's youngest daughter Faith Margaret makes rare appearance at star-studded event

    Nicole Kidman and Keith Urban's daughters are stepping into the spotlight, with Faith Margaret accompanying her famous mother to a Women in Entertainment event.