The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Nvidia Develops New Location-Verification Technology for AI Chips 
Disaster or digital spectacle? The dangers of using floods to create social media content 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
The American mass exodus to Canada amid Trump 2.0 has yet to materialize 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Global Forex Markets Brace for Fed Decision as Yen Extends Weakness 
Casino operator MGM China Holding will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it eyes to resume operating its gaming business in Macau.
According to the terms of a revised gaming law passed by Macau's legislature earlier this year, a casino must have a minimum capital requirement of 5 billion patacas, and the concessionaire's managing director must be a Macau permanent resident who owns at least 15% of the capital.
MGM China, the Chinese arm of MGM Resorts International, announced that if the company is awarded the new concession, co-chairperson Pansy Ho will take over.
MGM Grande Paradise will issue 4.07 million Class A shares to the company for an aggregate subscription price of 4.07 billion patacas, and another 730,000 Class B shares will be issued and transferred to Ho.
MGM China and Ho's stakes in MGM Grande Paradise will rise to 84.6% and 15%, respectively, after the transaction, while MGM Resort International's stake will fall to 0.4% from 10%.
