Paige McNamee

The news: Lendlease is set to shed its overseas construction divisions and terminate all international property development as it embarks on a significant overhaul, the Australian Financial Review reports.

The news: Investment giants Capital Group and KKR have partnered to give wealthy clients access to alternative investments.

The news: World-leading chipmakers ASML and Taiwan Semiconductor Manufacturing Co (TSMC) are able to disable their chipmaking machines remotely should China invade Taiwan, according to sources cited by Bloomberg.

The news: APA Queensland has delayed signing-off on its South West Queensland Pipeline expansion which was due to start construction in H2 2024, stating that regulatory uncertainty tied to the government’s investigation into the pipeline sector means it cannot approve the spending.

The news: Shares in ride-hailing and food delivery firm, Uber, fell over 9% during trading on Wednesday, after the company reported unexpected losses and a weak Q2 forecast.

The news: Shares in the world’s largest EV maker, Tesla, dipped over 4% during trading on Tuesday, edging the stock closer to a 12-month low.

The news: UK fintech Revolut’s valuation has seen a 45% raise by its shareholder, Schroders, which disclosed a £2.45 million ($4.72 million) writeup for its Revolut holding on Monday.

The news: Meta has unveiled its new AI chip called ‘Artemis,’ the latest version of its Meta Training and Inference Accelerator (MTIA), in efforts to reduce its dependence on Nvidia.

The news: A pipeline between two ExxonMobil oil platforms is being investigated as the source of a “sheen” spotted on the surface of the Bass Strait.

Plus: Ripple Labs launches USD-pegged stablecoin; EU authorities arrest 22 fraudsters over Covid recovery funding; Chinese banks could become new Thames Water shareholders.