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Z.ai’s Open-Weight GLM-5.2 Surpasses GPT-5.5 in Long-Horizon Coding While Cutting Costs by 83%
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Z.ai’s Open-Weight GLM-5.2 Surpasses GPT-5.5 in Long-Horizon Coding While Cutting Costs by 83%

Open-weight AI just had its biggest week yet. On June 16, 2026, Z.ai, the Chinese AI startup previously known as Zhipu AI, unveiled GLM-5.2, a 753-billion-parameter open-weight model designed to handle complex coding and long-duration engineering workflows. GLM-5.2 outperforms GPT-5.5 on multiple coding benchmarks while costing roughly one-sixth as much to operate. The model is…

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European Stocks Pause Near Record Highs After 3% Rally as Investors Await Fed Decision & Eurozone Inflation Data
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European Stocks Pause Near Record Highs After 3% Rally as Investors Await Fed Decision & Eurozone Inflation Data

European Stocks paused near record highs after a powerful 3 percent rally in recent sessions, as investors shifted into a cautious mode ahead of key global economic events. The market movement reflects a natural consolidation phase following strong gains, with traders waiting for fresh signals from the United States Federal Reserve and upcoming Eurozone inflation…

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Australian Shares Jump 0.54%: ASX 200 Climbs 48.60 Points to 8,966.30 Amid Strait of Hormuz News
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Australian Shares Jump 0.54%: ASX 200 Climbs 48.60 Points to 8,966.30 Amid Strait of Hormuz News

Australian Shares extended their winning streak on Tuesday as investors welcomed easing geopolitical tensions in the Middle East. The S&P ASX 200 climbed 48.60 points, or 0.54%, to close at 8,966.30, its strongest level in around two months. Market sentiment improved after reports that the Strait of Hormuz could reopen, easing concerns over global oil…

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S&P/NZX 50 Index Falls 0.25% (-33.15) as NZ Consumer Confidence Drops 14.3 Points to 80.4
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S&P/NZX 50 Index Falls 0.25% (-33.15) as NZ Consumer Confidence Drops 14.3 Points to 80.4

The S&P/NZX 50 Index closed lower, falling by 0.25 percent or 33.15 points, as weak economic data weighed on investor sentiment in the New Zealand stock market. The decline came after the latest survey showed that New Zealand consumer confidence dropped by 14.3 points to 80.4, signaling growing caution among households. The combination of weaker…

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Westpac CEO Anthony Miller Pushes Back on Banking Restrictions, June 17
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Westpac CEO Anthony Miller Pushes Back on Banking Restrictions, June 17

Westpac CEO Anthony Miller urges banks to regain advisory roles post-royal commission, while ASIC warns against rapid wealth market re-entry.

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Samsung Sees Growing Chip Orders From BYD, Google, AMD and Tesla as Tight TSMC Capacity Fuels AI Demand
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Samsung Sees Growing Chip Orders From BYD, Google, AMD and Tesla as Tight TSMC Capacity Fuels AI Demand

The global AI race is creating fresh opportunities for Samsung. As demand for advanced AI chips continues to outpace manufacturing capacity, more technology companies are exploring alternative foundry partners. Industry sources now indicate that Samsung is receiving increasing production requests from BYD, Google, AMD, and Tesla, highlighting a potential turning point for its contract chip…

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NSW Residents Eligible for Zero-Interest Renewable Energy Loans Under $77M Scheme 
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NSW Residents Eligible for Zero-Interest Renewable Energy Loans Under $77M Scheme 

Energy prices in Australia have been rising for years. Many households in New South Wales are feeling the pressure on their monthly budgets. Electricity bills are getting harder to manage, especially for families and renters. To help solve this, the government has introduced a $77 million renewable energy support scheme. It offers zero-interest loans so…

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Yum Brands Strikes $2.7 Billion Pizza Hut Sale, Offloading International Operations for $1.5 Billion
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Yum Brands Strikes $2.7 Billion Pizza Hut Sale, Offloading International Operations for $1.5 Billion

Yum Brands has announced one of the biggest restaurant industry deals of 2026 by agreeing to sell Pizza Hut in transactions worth $2.7 billion. The move ends months of strategic review and allows the company to focus on its stronger brands, KFC and Taco Bell. The deal also gives Pizza Hut new owners with different…

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Ford Recalls Hit Record High: 12.9 Million Vehicles Recalled Across 153 Actions in 2025
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Ford Recalls Hit Record High: 12.9 Million Vehicles Recalled Across 153 Actions in 2025

Ford reached an unprecedented milestone in 2025, but not the kind any automaker wants. The company recalled nearly 12.9 million vehicles through 153 separate safety actions, setting a new industry record. Many of the recalls involved software glitches, camera failures, and other critical defects affecting popular Ford and Lincoln models. As regulators and consumers closely…

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