Breakfast News Recap: Ukraine hit by fresh Russian strikes as Middle East tensions and market stress deepen
Russian missile and drone strikes hit cities across Ukraine overnight, killing at least eight people and wounding more than a dozen, with officials warning the toll could rise as rescue work continues. Kyiv and Lviv were among the targets, and Poland scrambled jets as the scale of the attack became clear. π πThe conflict in the Middle East widened further after the United States launched fresh strikes on Iran, following a renewed wave of attacks across the region. Separate reporting said a US attack on Iran's Qeshm island killed three people, including a two year old child, while Iraq condemned... [Continue Reading]
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CXMT stock market debut highlights China memory-chip push amid AI-driven shortages
China's CXMT has become mainland China's most valuable listed company after a stock market debut on Monday, in a development that underscores Beijing's push to build a more self-sufficient semiconductor industry. The memory-chip maker is seeking to expand production at a time when global demand for chips used in artificial intelligence data centres is tightening supply for consumer devices. The company's rise also reflects how shortages in one part of the technology market are feeding through to higher costs elsewhere.The company was valued at more than US$500 billion, or about $717 billion, in the debut, according to the supplied report.... [Continue Reading]

