SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
US Job Growth Seen Picking Up in July 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Google mended its ties with Australia after threatening to pull out earlier this year. Back in January, the American tech giant said it would remove its search engine from the country due to its attempt to make the company share royalties with local news publishers.
It appears that the conflict has been resolved, and both Google and Australia have already put their difference behind them. This is because the Mountain View, California-headquartered tech company, just announced it will be making its biggest investment ever in the Land Down Under.
As per CNN Business, Google will be investing AU$1 billion or around $736 million in the country over the next five years. The company revealed it also has plans to join forces with a local government agency on scientific research, which is said to be the Commonwealth Scientific and Industrial Research Organisation (CSIRO).
The collaboration with CSIRO will also cover certain projects on protecting the Great Barrier Reef and clean energy. In addition, Google will also seek a partnership with an Australian university on quantum computing.
The investment and its plans were personally announced by Google's chief executive officer, Sundar Pichai, earlier this week. Part of the funds invested by the firm will go to its first research center in Australia and the development of the nation's cloud computing arm.
It was noted that Google has been actively operating in the Aussie region for two decades now and currently employs around 2,000 locals. With its new investment and initiative, the company is expecting to help create more new jobs.
Australia's Prime Minister Scott Morrison lauded Google's move and called it a "$1 billion vote of confidence" in the nation's economic strategy. He further stressed that the tech firm's program would help create over 6,000 job posts and inject more or less AU$6.7 billion or $4.9 billion of value to Australia's economy.
"The decision by Google has major benefits for Australian businesses as we engage with the economic recovery before us," Reuters quoted PM Morrison as saying. "It will bring more to STEM (Science, Technology, Engineering, Mathematics) jobs to our shores across engineering, computing science, and AI."
