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SYDNEY: Australia’s new conservative government said it will make a one-off A$8.8bil (US$8.5bil) grant to the Reserve Bank of Australia (RBA) to strengthen its finances, a day after it announced plans to lift the national debt ceiling by more than two thirds.
SAN FRANCISCO: Billionaire U.S. entrepreneur Elon Musk unveiled plans on Monday for a futuristic "Hyperloop" transportation system to whisk passengers between San Francisco and Los Angeles in under half an hour
Real Madrid headed a trio of European soccer clubs at the top of a list of the world's 50 most valuable sports teams released by Forbes on Monday which was dominated by National Football League (NFL) franchises.
NEW YORK: One-time star money manager Philip Falcone will be barred from starting another hedge fund for two years as he winds down his existing fund and returns money to investors, under a preliminary deal with securities regulators to settle fraud and other charges that was made public on Thursday.
KUALA LUMPUR: With the completion of the migration of Astro Malaysia Holdings Bhd’s existing subscriber base to the B.yond high-definitiion (HD) TV platform, the company expects average revenue per user (ARPU) to possibly increase.
CANBERRA: One thing is already clear about Australia's unprecedented eight-month election campaign: it won't be a popularity contest.