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Trump concludes U.S. 250th anniversary at race Trump concludes U.S. 250th birthday festivities with IndyCar race through Washington, attracting 200. Global markets brace for higher oil, bond yields and a possible rate hike Investment markets and key developments After record highs in US and European shares a week ago. U.S. strategy on Iran could mean a long and costly standoff Sanctions on Iran need patience, warns expert, or risk prolonged conflict affecting global markets and oil prices Nvidia denies plans for China-specific AI chip Nvidia refutes claims of shipping AI chips tailored for China, citing no current sales. Rents rise faster than wages under Labor Rents jump dramatically under Labor as rental inflation eclipses wage growth. U.S. likely won’t restart large-scale Iran combat U.S. unlikely to restart major military action in Iran as economic pressure intensifies. Australia enforces tech giants to pay news levies Australia enacts law taxing tech giants for failing to negotiate news deals with local media outlets ‘Compromising the effectiveness’: new gambling laws criticised Experts warn new gambling ad restrictions may fail to protect vulnerable Australians without a comprehensive… Hospitality sector faces significant closures and defaults Cafes and restaurants in Australia face alarming closures. Australia’s debt exceeds $1 trillion for first time Australia's national debt surpasses $1 trillion for the first time. U.S. debt surpasses $40 trillion, raising concerns U.S. debt surpasses $40 trillion amid warnings of impending fiscal crisis due to rising costs. Jason Arday’s death raises a hard question for UK universities This is not the time to retreat Nvidia’s Rubin Ultra delays raise 2028 risk for AI dominance Nvidia's Rubin Ultra AI architecture faces delays due to integration challenges and rising component costs. CSL surges 16% as Australian companies defy the economic slowdown CSL's profit growth and restructuring spark market confidence with stock rising 16%. The U.S.-Iran conflict could make everything more expensive Energy costs set to soar globally as U.S.-Iran tensions disrupt markets and alter shipping routes