The tennis legend’s estimated fortune dropped below $1 billion after a steep sell-off in Swiss sportswear company On Holding.
BUSINESS
Oracle, Quantinuum Bring Quantum Computing to Cloud in Multi-Year Partnership
Oracle Cloud customers will gain access to Quantinuum's Helios quantum computer, enabling them to combine quantum computing with AI and high-performance computing as the companies target enterprise applications for the emerging technology.
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Australia Social Media Ban Explained: What the Under-16 Law Means for Users and Platforms
The historic ban on social media use by under-16 individuals in Australia moves the accountability away from families to the technology companies by having stringent compliance measures in the Online Safety Act 2021 amendment.
Business
I Squared Capital to Acquire oOh!media in A$898 Million Buyout
The US infrastructure investor, which manages more than US$60 billion in assets, will acquire Australia's largest outdoor advertising company under a A$1.70-a-share scheme after a months-long bidding contest.
Australia’s ASIC Removes 150 Rogue Finance Operators
The watchdog strengthened enforcement by banning or restricting finance professionals found to have engaged in misconduct, including misuse of client funds and breaches of directors' duties.
Business
Contact Energy, CDC Plan 250MW Data Centre in New Zealand
Contact Energy and Canberra Data Centres are exploring a 250MW data centre in Taranaki, New Zealand, supported by battery storage and expected to create over 600 jobs.
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Berkshire Beats Profit Forecasts, Accelerates $7.8 Bn Buybacks
The conglomerate stepped up share repurchases, increased investments including Alphabet and reduced its cash pile to US$364.7 billion as operating earnings exceeded expectations.
02
From Loss to Billions: The Rise of Laurence Escalante’s VGW
After White Knight Games failed, Laurence Escalante started again with VGW in 2010. Here’s how a different business model, digital distribution and social gaming helped turn his second venture into a multibillion-dollar success.
03
Trump-Linked AI Financial Sells Canadian Unit to Prime Delta
The fintech firm will receive a US$12 million promissory note and 11.6 million Prime Delta shares for ALT5 Sigma Canada, weeks after a previous sale collapsed.