Ukraine said Russian forces have blown up a giant dam in the country’s south, unleashing a torrent of floodwater that threatens residents and complicates the battlefield separating their two armies along the Dnipro river.
Australia’s central bank unexpectedly raised its key interest rate and kept the door open to further hikes, fretting that policy needs to be tighter in order to be confident that inflation will return to target in mid-2025.
Qantas Airways Ltd. Chief Executive Officer Alan Joyce sold A$16.9 million ($11.3 million) of shares in the airline, offloading the bulk of his holdings as he prepares to retire after 15 years at the helm.
Saudi Arabia’s $700 billion wealth fund and state oil firm Aramco are set to take control of several local football clubs, home to stars including Cristiano Ronaldo, as the kingdom bids to become a powerhouse in the world of professional sport.
Australia’s second largest pension fund has joined the boycott of PricewaterhouseCoopers as the fallout of the embattled accounting firm’s tax evasion scandal spreads.
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