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• Chinese AI firms, including DeepSeek, Moonshot AI, and Z.ai, are now providing consistent competition to leading AI models from the US and EU at the enterprise level. • The rise is driven by the technical capabilities and financial appeal of these models, challenging the previous dominance of Western AI ecosystems. • This shift is significant as it signals a narrowing gap in the global AI race, potentially altering the landscape of enterprise technology adoption.

Australia’s biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn in the six-month reporting periodFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastWoodside Energy has scrapped its long-term emissions and clean energy targets, even after enjoying a period of windfall oil profits caused by the Iran conflict.Australia’s biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn ($A2.33bn) in the six-month reporting period, according to financials lodged on Tuesday, after the price of crude surged amid disruptions to global supplies. Continue reading...

• Conservative forces have successfully seized control of the Thai state, ending a prolonged political stalemate. • The victory follows a period of aggressive suppression, including the dissolution of the Move Forward party and a 10-year political ban imposed on leader Pita by the Constitutional Court. • The establishment is facing a crisis of legitimacy by 2025, as traditional tactics like military coups and judicial removals have become less effective against pro-Thaksin and progressive movements.

UK PM to announce support for France in setting up missile assembly lines during his Kyiv visit, as coalition of willing the meets later todayBurnham visits Ukraine with promise of boost for Kyiv’s long-range missilesHello and welcome to our live coverage of Europe. I am kicking us off but Jakub Krupa will be taking over a little later on.UK ⁠prime ⁠minister Andy ​Burnham arrived in ⁠the Ukrainian capital Kyiv on Monday alongside a number of European leaders ⁠to mark ​the ‌country’s independence ‌day. Continue reading...

Rightwing voices seize on plans to offer Black children an exclusive afternoon at an outdoor pool in the German capitalIt was meant to be an outing for Black children in Berlin and their families, offering them an exclusive afternoon at an outdoor pool set up by a local theatre.But the plans, slated for earlier this month, had to be scrapped after they were seized on by rightwing and conservative voices to whip up outrage, leaving organisers fending off racist emails and threats. Continue reading...

PM will use independence day trip to announce sharing of classified information about Storm Shadow componentsBritain will boost Ukraine’s capacity to make its own long-range missiles, Andy Burnham will announce on Monday, as he travels to Kyiv for the country’s independence day on his first foreign visit as prime minister.Burnham will arrive in the Ukrainian capital on Monday morning at a crucial time in the war, with Kyiv braced for another wave of Russian missile attacks and the country’s president, Volodymyr Zelenskyy, facing his most direct domestic challenge. Continue reading...

• The 30-year Treasury bond futures market has declined throughout the year as investors demand higher yields to hold long-duration government debt. • Persistent inflation and elevated oil prices, driven by a six-month conflict between the U.S. and Iran, are putting upward pressure on bond yields. • Federal Reserve Chair Kevin Warsh faces internal division between "hawks" advocating for rate hikes and those urging patience due to a softening labor market.