Microsoft earnings surge on cloud revenue growth
Microsoft has reported better-than-expected quarterly results and told investors that capital expenditures for the year will reach $US190 billion due to soaring memory costs. Microsoft’s revenue grew 18 per cent…
Customers feeling war impact, supermarket giant warns
Australian shoppers are feeling the impact of higher petrol prices on top of ongoing cost-of-living pressures, the country’s biggest supermarket chain warns. Woolworths, which claims close to a third share…
What’s the scam with the Federal Court? Is justice blind or bought?
A $60k charge for your own court transcripts? That’s what concert pianist Jayson Gillham is up for in his case against the Melbourne Symphony Orchestra, on top of the $45k…
Meta raises spending forecast to $US145b in AI push
Meta Platforms has raised its annual capital spending forecast, doubling down on its decision to plough billions into artificial intelligence infrastructure even as it seeks to cut costs with planned…
Meta raises spending forecast to $US145b in AI push
Meta Platforms has raised its annual capital spending forecast, doubling down on its decision to plough billions into artificial intelligence infrastructure even as it seeks to cut costs with planned…
Alphabet Q1 tops estimates, Google Cloud revenue soars
Alphabet topped Wall Street estimates for quarterly revenue on Wednesday, as enterprise spending on artificial intelligence delivered the best quarter of growth for its cloud unit since the start of…
Amazon reports strong Q1 profit, cloud unit sales rise
Amazon has reported strong increases in profits and net sales during its fiscal first quarter, helped by surging growth in its prominent cloud computing unit. The e-commerce and technology company…
Australia’s co-working boom moves from city to suburbs
More Australians are taking up desks in coworking spaces, as the flexible venues move beyond Australia’s capital cities and into the suburbs and regional areas. Flexible Workspace Australia’s 2026 industry…
‘Exhausted’: housing supply hit as affordability dips
The Iran war could result in Australia building 33,000 fewer homes than planned, the government’s independent housing adviser has warned. Australia was making ground on its housing supply targets before…
China agreed to co-operate on jet fuel exports: Wong
The Chinese government has agreed to co-operate with Australian businesses on jet fuel shipments, Australian Foreign Minister Penny Wong says, suggesting China could loosen curbs on exports imposed amid supply…