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Tech weighs down Asian markets after Nvidia results
Tech weighs down Asian markets after Nvidia results
Business and Economy
by  AFP

A sell-off in tech firms dragged Asian markets down Thursday after investors were left disappointed by earnings from chip titan Nvidia that stoked concerns about the outlook for all things artificial intelligence. Investors had been keenly awaiting the release from California-based Nvidia, which has become a bellwether for the tech sector owing to its huge role in the development of AI chips.

Qantas profits descend as fares fall after Covid
Qantas profits descend as fares fall after Covid
Business and Economy
by  AFP

Australian airline Qantas on Thursday reported a slide in net profit as post-Covid fares dropped, but said it was working to rebuild its reputation after a string of public scandals. Net profit fell 28 percent to Aus$1.25 billion ($US48 billion) for the financial year that ended June 30, the airline said.