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Tourists sit on the bollards of the Sydney Opera House.AFP Contributor | AFP | Getty ImagesInflation in Australia accelerated in the third quarter, with consumer prices rising 3.2% year-on-year, the fastest pace in more than a year, the Australian Bureau of Statistics said on Wednesday. The increase was higher than the 2.1% rise in the second quarter and was also higher than the 3% expected by economists polled by Reuters.The ABS said the most significant price increases were in housing, recreation and culture, and transport.The trimmed average inflation rate, which excludes extreme price fluctuations in consumer goods and services, rose…

Reuters — The Nepali and Chinese sides of the Everest region were closed to tourism on Wednesday due to unseasonably heavy snowfall, with a helicopter attempting to rescue stranded climbers crashing into a deep snowdrift. The area around Everest, visited by thousands of trekkers and mountaineers, has been covered in snow since Monday as a cyclone from the Bay of Bengal crisscrossed India, causing the second heavy snowfall in the Himalayas this month. Nepali authorities have canceled trekking on many hiking routes due to rain at lower elevations and heavy snowfall at higher elevations, and have urged hikers not to…

Wednesday, July 30, 2025, UBS Group AG headquarters in Zurich, Switzerland.Bloomberg | Bloomberg | Getty Imagesmajor swiss banks UBS on Wednesday reported better-than-expected third-quarter net income, citing strong momentum in its core businesses.Net income attributable to shareholders was $2.5 billion for the three-month period, an increase of 74% from $1.43 billion in the year-ago period. Analysts had expected third-quarter net income to be $1.85 billion, according to consensus compiled by LSEG.Switzerland’s largest bank posted third-quarter sales of $12.76 billion, slightly above analysts’ expectations of $12.68 billion.The result comes as UBS continues to move forward with its complex integration with Credit…

OpenAI CEO Sam Altman (left) speaks with Kevin Scott, Microsoft’s chief technology officer and vice president of artificial intelligence, at the Microsoft Build conference on May 21, 2024, at Microsoft headquarters in Redmond, Washington. Jason Redmond | AFP | Getty Images Investors do not fully understand artificial intelligence, despite concerns that the field is overvalued.of S&P500, Dow Jones Industrial Average and Nasdaq Composite Intrastate markets rose on Tuesday, with all three hitting new intraday highs. Major averages were boosted by advances in technology. Nvidia It rose by nearly 5%, but microsoft It rose by about 2%.both apple And after the…

When Mikaela Shiffrin started skiing again weeks after her horrific accident last year, the American star was even more wary of the potential dangers of the training course.Shiffrin suffered a stab wound to the abdomen and severe injuries to her abdominal muscles during the World Cup giant slalom race. But the two-time Olympic champion knew that training could be just as risky.Recommended stories list of 4 itemsend of listIf not more.“When I came back from my injury, I was aware of the trackside fences and the holes in the course and where the trees were,” Shiffrin said in a recent…

George Russell slammed what he described as a “turf race” on the first lap, Lewis Hamilton described the ensuing 10-second penalty for cutting a corner as “rubbish” and other drivers expressed displeasure at decisions made amid controversy at the Mexico City Grand Prix, but what are we really to make of all this?Mercedes’ Russell, who had qualified fourth but finished seventh in a difficult race, became furious at the start after seeing Ferrari’s Charles Leclerc and Red Bull’s Max Verstappen cross the grass at the opening compound corner and then rejoin the track in the lead without being penalized. Russell…

U.S. President Donald Trump speaks to Japanese journalists aboard Air Force One en route to South Korea on October 29, 2025.Andrew Harnik | Getty Images News | Getty ImagesUS President Donald Trump will discuss Nvidia’s advanced AI chips with Chinese President Xi Jinping in a widely anticipated meeting on Thursday, he told a media scrum on Wednesday. While fielding questions about his high-stakes meeting with Xi, Trump hinted that they might discuss Nvidia’s Blackwell AI processors. “We talk about Blackwell. It’s a top-notch chip,” he said. Nvidia’s “super-duper chip” appears to be referring to the company’s most advanced AI chip,…

Israel has repeatedly bombed Lebanon, violating a November 2024 ceasefire agreement to end the conflict with Hezbollah.Published October 28, 2025October 28, 2025Click here to share on social mediaShare 2sharePresident Joseph Aoun called for an end to Israel’s near-daily deadly attacks on Lebanon in a meeting with US Special Envoy Morgan Ortagus in Beirut, as Israel has stepped up attacks on its northern neighbor in recent days.Israel has repeatedly shelled Lebanon, flagrantly violating a November 2024 ceasefire agreement aimed at ending more than a year of hostilities that escalated into a months-long full-scale war with the Lebanese militant group Hezbollah. More…

Just 36 points separate Lando Norris, Oscar Piastri and Max Verstappen after a North American double-header in Formula 1 which provided plenty of drama.Norris took the championship lead away from McLaren team-mate Piastri for the first time since April but only has a slender one-point advantage, with Verstappen another 35 points back with four rounds to go. The pendulum has swung massively against Piastri over the last five events but these last two weekends in Austin and Mexico have told us a lot about this year’s title protagonists and their championship chances. Datawrapper This content is provided by Datawrapper, which…

Amazon announced Tuesday that it will lay off about 14,000 employees, the latest reduction in the company’s multiyear cost-containment efforts.The company said in a blog post that the layoffs are being made to make the company leaner and less bureaucratic, while also investing in its “biggest bets” such as generative artificial intelligence.“This generation of AI is the most transformative technology since the Internet, allowing companies to innovate much faster than ever before (in existing and entirely new market segments),” said Beth Galetti, Amazon’s senior vice president of people experience and technology. “We believe we need to organize more efficiently, with…