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Nvidia links with Wall Street firms for $500bn AI financing deal

Apollo, BlackRock, Goldman Sachs and KKR among those working with chipmaker to fund infrastructure Business live – latest updates Nvidia ⁠has struck a deal with six large Wall Street firms to raise ⁠more than $500bn (£370bn) to fund the datacentres, chip factories and power stations needed to fuel the artificial intelligence boom. The Nvidia chief executive, Jensen Huang, said on X that it marked…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Delivery drivers to be paid minimum $31.30 an hour across Australia in ‘world-leading’ decision

Fair Work Commission issues a new minimum standards order for gig workers to come into effect 17 August Get our breaking news email , free app or daily news podcast Delivery drivers in Australia will be paid a minimum rate of $31.30 (US $22.05/£16.35) an hour and insured for injuries on the job under a landmark agreement approved by the industrial umpire that could set a precedent in other…

Β· 1 MIN READ Β· The Guardian Business (US)
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Heathrow says need for expansion clear as it loses title of Europe’s busiest airport

West London hub reports 7.86 million passengers in July, compared with 8.15 million for Istanbul Business live – latest updates Heathrow airport said “the case for expansion has never been clearer” after it was overtaken as Europe’s busiest airport by Istanbul. Figures published on Tuesday showed 7.86 million passengers passed through Heathrow’s four terminals in July, compared with Istanbul’s…

Β· 1 MIN READ Β· The Guardian Business (UK)
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RBA interest rates: Reserve Bank holds cash rate at 4.35% but threatens more hikes if needed

In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank of Australia has held the official cash rate at 4.35% but warned higher interest rates are “quite possible” even if house prices keep falling.…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Consumer confidence at near two-year high as World Cup and UK holidaying lift summer spending

Barclays says survey shows people feel more secure in jobs and have more leeway to spend on non-essentials Business live – latest updates Consumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men’s football World Cup and more people holidaying in the UK raised summer spending. A truce in the Middle East conflict in…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Car hire firm told me I was a ‘no-show’ so I lost £185

I was delayed, but I had prepaid through Holiday Autos and had provided my flight number as requested I booked a car hire at Heathrow through Holiday Autos on a visit to the UK and provided my flight number as requested. My flight was severely delayed, and when I reached the car hire desk, I was told I’d been marked down as a “no-show” and that my car had been rehired. Continue reading...

Β· 1 MIN READ Β· The Guardian Business (UK)
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