E-Learning

Shipbuilder Austal rides military spending wave, shares defy market slump

U.S. President Donald Trump's policies that have rattled stocks around the world are benefiting Australian shipbuilder Austal, analysts said on Wednesday. Shares of the company, which supplies defence and commercial vessels to the Australian and U.S. navies among other clients, surged 35% in the three months ending March, clocking their best quarterly gains in nearly two years since June 2023. The surge in Austal's shares comes amid Trump's call asking Australia and other U.S. security allies to increase defence spending.

Read more

US Senate committee opens review into Meta efforts to gain Chinese market access

WASHINGTON (Reuters) -A U.S. Senate investigative subcommittee on Tuesday opened a review into efforts by Facebook parent Meta Platforms to gain access to the Chinese market and is seeking documents from the company. Senator Ron Johnson, who chairs the Permanent Subcommittee on Investigations, joined by Senator Richard Blumenthal, the top Democrat, and Senator Josh Hawley, asked Meta CEO Mark Zuckerberg about allegations that it worked to build censorship tools for the Chinese Communist Party as part of its attempt to gain entry to the Chinese market, according to a letter seen by Reuters.

Read more