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Nvidia becomes world’s most valuable company

19Jun

By AdminsNo Comments

Nvidia becomes world’s most valuable company

Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday. The stock ended the trading day at nearly $136, up 3.5%, making it more valuable than Microsoft. It overtook Apple earlier this month. American company Nvidia makes computer chips needed for artificial intelligence (AI) software, and demand for its products has boosted its sales and profits over the last few years. Many investors believe its earnings can grow even more, which has caused its share price to soar, though some have questioned its sky-high valuation. Tuesday’s share price rally means the market now values the company at $3.34tn (£2.63tn), with the price having nearly doubled since the start of this year. Eight years ago, the stock was worth less than 1% of its curr...

Biden to give legal status to 500,000 undocumented spouses

19Jun

By AdminsNo Comments

Biden to give legal status to 500,000 undocumented spouses

President Joe Biden has announced a new policy that would protect hundreds of thousands of undocumented spouses of US citizens from deportation, according to administration officials. The issue of immigration has proven an election-year headache for Mr Biden, who recently issued a sweeping executive action to curb record migrant arrivals at the US-Mexico border. The new policy will apply to those who have been in the country for at least 10 years and will allow them to work in the US legally. The White House believes more than 500,000 spouses will be eligible. Speaking at an event at the White House on Tuesday, Mr Biden said the move would help the US immigration system become less "unfair" and "unjust" for the benefit of immigrants, married couples - and all Americans. Polls show t...

US President Joe Biden’s son, Hunter Biden, convicted of all three felonies in federal gun trial

12Jun

By AdminsNo Comments

US President Joe Biden’s son, Hunter Biden, convicted of all three felonies in federal gun trial

Hunter Biden, son of US President Joe Biden, could be sentenced just days before the US presidential election after he was convicted of all three felony charges related to the purchase of a revolver in 2018 when, prosecutors argued, he lied on a mandatory gun-purchase form by saying he was not illegally using or addicted to drugs. Jurors on Tuesday (early Wednesday AEST) found Hunter Biden guilty of lying to a federally licensed gun dealer, making a false claim on the application by saying he was not a drug user and illegally having the gun for 11 days. He stared straight ahead and showed little emotion as the verdict was read. After the verdict, he patted his defence attorney on the shoulder. He faces up to 25 years in prison when he is sentenced by Judge Maryellen ...

King Charles’ first official portrait vandalised by activists

12Jun

By AdminsNo Comments

King Charles’ first official portrait vandalised by activists

Activists from an animal rights group have vandalised the first official portrait of King Charles, which is on display in a London gallery. Campaign group Animal Rising posted a video on its social media channels on Tuesday showing two activists using a paint roller to stick signs over the portrait of the monarch. Members of the public have been free to visit the portrait of the monarch, which is on display at the Philip Mould gallery in central London until June 21. The painting, the first official portrait of King Charles as monarch, raised eyebrows when it was unveiled earlier this year. Artist Jonathon Yeo depicted the king against a background of crimson red brush strokes, sparking mixed reactions. Activists covered the king's head with an image of British ...

Australian billionaire Andrew ‘Twiggy’ Forrest pushes building new aid system for Gaza

12Jun

By AdminsNo Comments

Australian billionaire Andrew ‘Twiggy’ Forrest pushes building new aid system for Gaza

Australian billionaire Andrew "Twiggy" Forrest is offering to build a secure gate system on the Israel-Gaza border that he says could allow 10,000 metric tonnes of food aid to be delivered each day to starving Palestinians. Forrest, the founder of the philanthropic Minderoo Foundation, was set to raise the proposal at an emergency summit on Gaza in Jordan, co-hosted by that country, Egypt and the United Nations on Wednesday (AEST), and attended by US Secretary of State Antony Blinken. He's also committed $7.5 million to improve the Jordanian humanitarian land corridor by building storage warehouses to allow more aid to pass to Gaza. "Right now, the Jordanian people are bearing a significant load by leading the single most effective route into Gaza. It is my intention...

Sydney inundated with a month’s worth of rain in 24 hours

3Jun

By AdminsNo Comments

Sydney inundated with a month’s worth of rain in 24 hours

More than a month's worth of rain was dumped over Sydney in the 24 hours to 9am, with more than a hundred emergency calls made overnight. The most persistent rainfall was in inner-city Sydney with Observatory Hill recording 142mm within just 24 hours, smashing the total monthly average of 133mm for June. "Sydney and some of the eastern suburbs had a month's worth of rain in the last 24 hours on Saturday," BoM senior meteorologist Dean Narramore said. Sydney's east was mostly inundated with rain while the city's west received between 25mm and 50mm from Richmond to Badgery's Creek. The State Emergency Service (SES) was called to 140 jobs since 6pm yesterday which included storm damage repairs, sandbagging and and fixing leaky roofs. About 106 of those calls...