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What role has cyber warfare played in Iran?

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What role has cyber warfare played in Iran?

Militaries are often cagey about their cyber activities. But the US has hinted at the role it has played.

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Oil hits $100 a barrel despite deal to release record amount of reserves

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Oil hits $100 a barrel despite deal to release record amount of reserves

It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.

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US stock market remains calm, even as oil prices rise

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US stock market remains calm, even as oil prices rise

The US stock market remained calm Wednesday, even as the price of oil got back to rising.

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St George signs MOU with Brazilian firm

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St George signs MOU with Brazilian firm

Three days after being added to the ASX All Ordinaries, rare earths developer St George Mining has taken another key step at its flagship Brazilian project.

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Rates Spark: Inflation Expectations On The March Again

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Rates Spark: Inflation Expectations On The March Again

Rates Spark: Inflation Expectations On The March Again

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LAX approves rideshare fee hike for companies like Uber, Lyft

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LAX approves rideshare fee hike for companies like Uber, Lyft

If you take an Uber or Lyft from Los Angeles International Airport (LAX), your ride could soon cost more.

The Los Angeles Board of Airport Commissioners on Tuesday approved an increase in rideshare fees, raising the charge from $4 to as much as $12 per trip, a move Uber is warning will affect both riders and drivers, FOX 11 reported.

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Under the new plan, rideshare vehicles will pay a $6 base fee to enter LAX. An additional $6 fee will apply for pickups or drop-offs at the airport’s Central Terminal Area, according to FOX 11.

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Travelers wait at Los Angeles International Airport

Travelers wait for rideshare pickups at the LAX-it rideshare pickup location at Los Angeles International Airport March 10, 2026, in Los Angeles.  (Justin Sullivan/Getty Images / Getty Images)

Right now, rideshare companies pay about $4 per pickup or drop-off. Taxi companies pay $4 for pickups, while limousines pay $5. Taxis and limos are not charged for drop-offs, according to FOX 11.

Airport officials say the higher fees are meant to reduce traffic congestion and encourage travelers to use the airport’s new SkyLink automated people mover once it opens, according to ABC7 Los Angeles.

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“To be able to be dropped off there will be a $2 increase to the rideshare companies,” Vanessa Rodriguez, deputy executive director of external affairs at Los Angeles World Airports, told ABC7 Los Angeles. 

“As the new front door to the airport, essentially a traveler will be able to get on the SkyLink train and do the full loop of the horseshoe in 10 minutes.”

UBER PARTNERS WITH CHINESE TECH GIANT TO ROLL OUT DRIVERLESS VEHICLES ACROSS MULTIPLE GLOBAL MARKETS

Cars outside LAX

Vehicles at LAX in Los Angeles June 29, 2023.  (Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images / Getty Images)

However, Uber says the fee will be passed directly on to all travelers and would be nearly triple the $4.24 average across major U.S. airports.

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“The board’s decision significantly increases the cost of getting to and from LAX,” Danielle Lam, head of local California policy at Uber, told FOX Business in an email. “A 140% fee hike will directly impact riders and reduce demand for drivers who rely on airport trips.”

Higher passenger fees usually reduce demand for airport trips, limiting drivers’ earning opportunities. The proposed LAX fee increase could result in approximately $1,000 in lost earnings per driver each quarter, according to Uber.

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Ride-sharing companies Uber and Lyft are threatening to leave Minneapolis over a new mandate guaranteeing a minimum wage for drivers.

The Uber and Lyft logos on a sign. (Smith Collections/Gado via Getty Images / Getty Images)

“We support investments that improve the airport experience, but they must be transparent and balanced,” Lam added.

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Los Angeles World Airports and Lyft did not immediately respond to FOX Business’ request for comment.

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Form 13D/A BJs RESTAURANTS For: 11 March

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Form 13D/A BJs RESTAURANTS For: 11 March

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Independent Kimberley fuel importer now WA's cheapest petrol retailer

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Independent Kimberley fuel importer now WA's cheapest petrol retailer

One of Western Australia’s most remote bowsers is now also its cheapest, offering diesel at a discount of more than 50 cents per litre compared to Perth outlets.

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Aged care tech inks $8.8m deal

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Aged care tech inks $8.8m deal

Leederville-based aged care technology developer InteliCare Holdings will have its AI platform installed in 22 Victorian aged care facilities as part of an $8.8 million deal.

The company told the market this morning it had inked a five-year agreement with MECWA Limited, trading as Mecwacare, for the deployment of InteliCare‘s integrated analytics, alerts, sensor and nurse call platform at all of the company’s Victorian residential aged care facilities.

The $8.8 million deal represents the largest contract in InteliCare‘s history, and comes following a three-month pilot program at Mecwacare’s Trescowthick Centre in Prahan, Victoria, in mid-2025.

InteliCare executive director Tim Chapman said the agreement was a milestone for the company.

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“Securing a five-year agreement with Mecwacare validates the scalability of our platform and confirms that data-drive, real-time intelligence is becoming foundational to the future of aged care,” he said.

“This agreement positions InteliCare as a strategic technology partner for sector wide transformation and we look forward to announcing further partnerships in due course.”

Mr Chapman said the Trescowthick pilot program demonstrated outstanding improvements in residential safety, clinical oversight and operational efficiency. 

“Within the pilot, the InteliCare platform was successfully integrated into Trescowthick’s clinical management system, as well as its nurse call system, demonstrating its interoperability,” he said.

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InteliCare‘s ability to connect with critical third-party systems and operate as the backbone of the Trescowthick’s digital ecosystem, allowed consolidation of key operational data streams which enhanced visibility, supporter compliance, and ultimately, delivered positive care outcomes for residents.”

Publishing results of the pilot program, the company said it achieved a 100 per cent fall detection accuracy, with no missed or false falls during the evaluation period.

It also said the program resulted in a decrease in the number of residents requiring three-hourly overnight welfare checks from 55 to just four thanks to its real-time vitals and bed occupancy monitoring functions.

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All eleven success criteria covering reliability, care outcomes and operational performance were met or exceeded during the trial.

Mecwa care chief executive Anne McCormack said shifts in the industry had catalysed the provider’s digital transformation.

“The aged care industry is facing significant structural challenges which include increasing cost pressures, workforce shortages and increasing complexity of resident needs,” she said.

“As part of Mecwacare’s focus on great client outcomes and our evidence-based model of care, we are investing in a digital transformation of which this partnership with InteliCare forms an important component, enabling our teams to deliver a safer, more responsive and more sustainable resident experience and model of care.

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“The evaluation at Trescowthick demonstrated that InteliCare‘s platform enhances clinical visibility, improves operational efficiency and most importantly supported better resident care and social outcomes.

 “We view InteliCare as a long-term strategic partner in shaping how we will deliver aged care into the future.”

The agreement itself will result in a structured rollout across the 22 sites between FY26 and FY28, with revenue from recurring subscription fees, hardware supply and implementation, and ongoing service.

Shares in InteliCare Holdings Limited (ASX:ICR), which includes notable names like Dr Neale Fong and founder Greg Leach on its board, were up 15 per cent to 2.3 cents per share following the announcement.

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US dollar hovers near 2026 highs as oil’s rise spurs hawkish central bank bets

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US dollar hovers near 2026 highs as oil’s rise spurs hawkish central bank bets


US dollar hovers near 2026 highs as oil’s rise spurs hawkish central bank bets

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Papa John’s reviews $1.5 billion takeover bid from Qatari-backed fund

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Papa John's reviews $1.5 billion takeover bid from Qatari-backed fund

Papa John’s International is reportedly reviewing a new proposal to take the company private in a potential $1.5 billion acquisition, according to Reuters. 

Irth Capital Management, a Qatari-backed investment fund supported by Brookfield Asset Management, reportedly submitted the proposal on Wednesday, offering $47 per share, a 44% premium over the stock’s most recent closing price.

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Following the announcement, the stock surged by a significant 15%, closing around $38.86. 

The bid comes after Papa John’s has been pursuing a turnaround strategy following years of weak demand under multiple CEOs.

BAHAMA BREEZE TO CLOSE ALL ITS RESTAURANTS

Papa John's

Papa John’s International Inc. signage is displayed on top of a delivery vehicle. (Luke Sharrett/Bloomberg via Getty Images / Getty Images)

Irth Capital, a relatively new firm founded in 2024 and backed by a member of the Qatari royal family, reportedly already holds about a 10% stake in Papa John’s

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Led by co-founders Sheikh Mohamed bin Abdulla Al-Thani and Matthew Bradshaw, the firm is working alongside Brookfield Asset Management on a high-stakes offer that, if successful, would mark one of Irth’s first major transactions, Reuters said.

Ticker Security Last Change Change %
PZZA PAPA JOHN’S INTERNATIONAL INC. 38.86 +6.32 +19.42%

The potential acquisition would become one of the firm’s first major deals, following a period of financial recovery and previous failed buyout attempts by other investors, including Apollo Global, which had partnered with Irth last year on a joint offer exceeding $60 per share.

RESTAURANT GIANT FILES FOR BANKRUPTCY UNDER MASSIVE DEBT SHORTLY AFTER TOUTING MAJOR EXPANSION

Papa John's Dragon Flame Pizza with garlic sauce

Papa John’s Dragon Flame Pizza is seen in an advertisement. (Papa John’s)

Mounting speculation about the company’s future has also prompted activist investor Irenic Capital Management to build a stake in the pizza chain, according to the outlet. 

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While the bid is significant, there is no guarantee of an agreement as the pizza giant remains open to other potential buyers. 

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Papa John Schnatter

Papa John Schnatter is the founder and former chairman and CEO of Papa John’s International (PZZA).

Papa John’s has previously struggled with weak consumer spending and tough competition in the pizza industry, specifically among North American restaurants.

In the last quarter, the company reported a 5.4% drop in North American same-store sales. To improve profitability, it announced plans to close roughly 300 underperforming restaurants in the region by the end of 2027.

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Reuters contributed to this report.

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