Business - Wednesday, June 24, 2026

Power demand from data centers is poised to surge over the next quarter-century, adding to an almost doubling of electricity consumption across Australia’s main grid by 2050, according to the network operator’s latest road map.

South Korea's IPO activity has lagged that of its regional peers as the structure of the market and governance reforms collide.

Gold steadied near $4,000 an ounce after falling through the threshold for the first time since November, weighed down by a resurgent US dollar and the prospect of higher interest rates.

Micron's quarterly earnings report follows a 700% surge in the memory maker's stock price over the past year.

Oil prices

Jinko Solar Co., one of the top five solar manufacturers in China, is looking to recoup expenses this year, as government measures alleviate the chronic overcapacity that has plunged the sector into more than two years of deep losses.

British Chamber of Commerce boss Shevaun Haviland says transition to clean energy could be handled better Andy Burnham should be ready to exploit the UK’s remaining North Sea oil and gas resources to avoid mass job losses in Scotland and the north-east, the director of the British Chambers of Commerce (BCC), Shevaun Haviland, has said. The decision about whether to allow extraction at the Jackdaw and Rosebank fields now appears likely to fall to a Burnham administration. Continue reading...

The White House is pressing major defense firms to expand missile and munitions output as Iran talks and weapons stockpile concerns put new pressure on the Pentagon’s industrial base.

Japanese liquefied natural gas-related stocks stand to benefit from rebuilding war-damaged energy infrastructure in the Persian Gulf and the construction of new facilities elsewhere to diversify away from the Middle East.

Pro- and anti-AI groups spent $24m on a congressional contest in New York, but it’s unclear to what end US politics live – latest updates When the Democratic primary for New York ’s 12th congressional district was called on Tuesday night, the result capped off one of the most expensive races of its kind in the state’s history. More than $24m poured into the Manhattan contest from tech-backed financial groups as the campaign turned into a battleground for pro- and anti- AI groups to test their influence. Much of the spending targeted candidate Alex Bores, a member of the state assembly who sponsored an AI safety bill and subsequently became a lightning rod for the tech industry. Pro-AI political action committees (Pacs) put more than $8m into the race to oppose Bores, according to Tech Influence Watch, while industry groups supporting regulation spent more than $16m to counter the attacks. Continue reading...