Beijing has dismissed reports that China plans to build a military base on Solomon Islands, following last week’s announcement that the two countries had signed a security pact. A leaked draft of the document revealed Chinese warships and military aircraft could stop in for “logistical replenishment”, and that Chinese police would assist in maintaining local…
Ridesharing juggernaut Uber has admitted to misleading or deceptive conduct and making false or misleading representations to customers, following an investigation by the Australian Competition and Consumer Commission (ACCC). Uber has agreed to make joint submissions with the ACCC to the Federal Court of Australia for $26 million in penalties, although the fine is yet…
Four colossal companies in the technology stratosphere have joined forces to invest $1.2 billion towards removing carbon from Earth’s atmosphere. Alphabet (Google), Meta (Facebook), Shopify and Stripe will focus on solutions to store carbon for over 1000 years, making it affordable as a commodity worth approximately $100 per ton. The initiative, known as Frontier, will…
The world’s richest man has forked out a cool $US44 billion ($A61.4 billion) to complete his love affair with social media giant Twitter over the long weekend. Elon Musk clinched the rumoured deal after shareholders accelerated proceedings; following an offer they simply could not refuse. The sale was unanimously signed off by Twitter’s board, all…