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Oracle to invest $6.5 bn in Malaysian cloud services region
Oracle to invest $6.5 bn in Malaysian cloud services region
by  AFP

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia. Oracle is the latest global tech giant to announce major digital investments in Southeast Asia.

Oil extends rally after Iran attack, Hong Kong resumes surge
Oil extends rally after Iran attack, Hong Kong resumes surge
by  AFP

Oil prices rose more than one percent Wednesday, extending the previous day's rally, and safe haven gold pushed towards a record high after Iran's missile attack on Israel ramped up fears about an escalation in the Middle East. Demand for gold -- considered a go-to in times of uncertainty and turmoil -- pushed the precious metal close to its $2,685 record.

X agrees to pay Brazil fines, court orders finances unblocked
X agrees to pay Brazil fines, court orders finances unblocked
by  AFP

A Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk's X in the country after the social media platform agreed to pay more than $5 million in fines. In his latest decision, the judge ordered Brazil's central bank to unblock X's bank accounts so it can receive transfers and "immediately make payment of the fines indicated."

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