
Baidu and Uber Join Forces to Launch Global Robotaxi Fleet
Jul 16, 2025 05:34 am UTC| Business
Baidus shares surged after announcing a strategic partnership with Uber to roll out autonomous robotaxis worldwide. On Wednesday, Baidu Inc. (HK:9888) rose as much as 4% to HK$92.10 in Hong Kong before settling near...

BHP Says Green Iron Production Too Costly in Australia Despite China Pact
Jul 16, 2025 05:17 am UTC| Business
BHP, the worlds largest miner, has cast doubt on Australias ambitions to build a green iron industry, saying production costs are prohibitively high. The statement comes just after Australia and China agreed to collaborate...

Peter Thiel Acquires 9.1% Stake in BitMine Amid Ethereum Investment Surge
Jul 16, 2025 04:49 am UTC| Business Digital Currency
Billionaire venture capitalist Peter Thiel has taken a notable 9.1% stake in BitMine Immersion Technologies Inc (NASDAQ:IMMR), a crypto-mining and digital asset treasury firm, according to a regulatory filing dated July 8....

Nvidia CEO Praises Chinese AI Firms as H20 Chip Sales Resume Amid U.S.-China Tech Talks
Jul 16, 2025 04:46 am UTC| Technology Business
Nvidia CEO Jensen Huang commended Chinese AI leaders Deepseek, Alibaba (NYSE:BABA), and Tencent as world class at the China International Supply Chain Expo in Beijing, emphasizing AIs transformative impact on global...

Rio Tinto Reports Best Q2 Iron Ore Output Since 2018 Amid CEO Transition
Jul 16, 2025 01:55 am UTC| Business
Rio Tinto (NYSE:RIO) posted its strongest second-quarter iron ore production since 2018, delivering a positive signal just as newly appointed CEO Simon Trott prepares to take the helm. Trott, 50, previously led the...

Aura Minerals to Raise $196M in U.S. IPO to Fund Growth Initiatives
Jul 16, 2025 01:49 am UTC| Business
Canadian mining company Aura Minerals is set to raise approximately $196.4 million through its U.S. initial public offering (IPO), as it prepares to list shares on the Nasdaq. The company plans to sell 8.1 million shares...

Trump Touts $90B AI and Energy Investments at Pittsburgh Summit
Jul 16, 2025 01:44 am UTC| Politics Technology Business
President Donald Trump joined top tech and energy executives at the Energy and Innovation Summit in Pittsburgh on Tuesday, highlighting $90 billion in AI and energy investments aimed at cementing U.S. leadership in...