Nvidia doubles revenue, forecasts even more AI spending
Nvidia’s biggest customers – Amazon, Microsoft, Alphabet and Meta – are on track to spend roughly US$800b on…
Despite disruptions, Oman’s quarterly hotel revenues rise 8.4%
Muscat: Oman’s hospitality sector recorded a softer performance in Q1 2026, with key demand indicators moderating during the…
AI: Nvidia posts record $136b quarterly revenue on artificial intelligence spending boom
A GPU is a specialised computer chip originally designed to render video game graphics at high speed, but…
Japan’s Kioxia forecasts 48-fold quarterly profit jump on AI demand
Semiconductors Chip supplier says ‘strength of the flash memory market is expected to continue’ Kioxia has been increasing…
Rocket Lab clocks record quarterly revenue, reveals new US military contracts
The company made a net loss for the three months to March 31 of US$45.0m versus its US$60.6m…
New Zealand’s oil consumption is at a 5-year high – Robert McLachlan
The previous Government had committed to a comprehensive strategy to transition to a renewable energy system in New…
Nvidia smashes forecasts with record quarter as AI boom rolls on
Combined capital expenditure from the four major AI builders – Google, Amazon, Meta and Microsoft – could approach…
Government quietly ditches Prime Minister Christopher Luxon’s quarterly actions plans
The quarterly plans released near the start of each quarter typically had about 30 to 40 actions the…
New Zealand set for economic revival in 2026 – what’s fuelling the optimism?
The Official Cash Rate (OCR) has fallen 325 basis points (bps) since August last year to a more…
Meta shares sink as US$16b US tax charge tanks profit
Costs and expenses in the quarter were $30.71b, an increase of 32% from the same period last year,…
Christopher Luxon unveils quarterly plan with 33 Government priorities
One of the actions, to publish the Defence Industry Strategy, had already been ticked off last week. Of…
Business confidence drops in key survey for RBNZ ahead of rate call
Firms’ own trading activity showed a net 14% of firms reported a decline in activity in their own…