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Baidu’s second-quarter 2026 results highlight the tension in its AI transition, with AI Cloud Infrastructure revenue rising 50% and GPU Cloud revenue surging 283% even as legacy businesses weakened and total revenue declined 4%. Representative image.

Baidu GPU cloud surges 283%, but investors punish unfinished AI transition

A66 wrong-way crash kills seven including two Cleveland Police officers near Middlesbrough

Construction of President Donald Trump’s $400 million White House ballroom can continue temporarily after Chief Justice John Roberts stayed a lower-court injunction, keeping the controversial 90,000-square-foot project moving while the dispute over congressional approval remains unresolved. Representative image.

Trump White House ballroom survives immediate shutdown after Supreme Court stay

Saudi Arabia is advancing four battery energy storage projects totaling 2,000 MW and 8,000 MWh, backed by more than SAR4.35 billion in commitments as the kingdom builds large-scale storage capacity to support renewable power across Makkah, Hail and Qassim. Representative image.

Saudi Arabia signs $1.16bn battery deals for 2GW and 8GWh of grid storage

Representative image showing large-scale iron ore mining operations, reflecting investor focus on Rio Tinto plc’s capital intensity, iron ore margins, and balance-sheet pressures following its 2025 results and share price decline.

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Metals and Mining Industry News

Fortescue (ASX: FMG) shares fall as $525m Iron Bridge impairment overshadows record shipments

Fortescue shipped a record 201.3 million tonnes of iron ore in FY26 and strengthened its balance sheet, but another Iron Bridge impairment and sharply higher FY27 cost guidance have complicated the outlook.

July 31, 2026

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