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‘This quarter was otherworldly’: Palantir earnings surge past expectations

Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agendaIn a sea of companies reporting mixed financial results this quarter, Palantir stands out. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn. That’s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter.The glowing financials sparked a 10% surge in share prices in the immediate aftermath. Despite growing opposition to Palantir’s work with various governments including the crucial role the company plays in the Trump administration’s immigration agenda, Palantir’s revenue from US government contracts grew 90% year over year to $809m. Continue reading...

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As Colombia prepares for presidential inauguration, outgoing leader doubles down

Colombian President Gustavo Petro has reiterated claims of fraud in the nation’s June election, which his party lost narrowly to conservative leader Abelardo de la Espriella

Nauru, the world's 3rd-smallest country, changes its name to Naoero

Nauru has changed its name to the Republic of Naoero, aligning with its national language

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Ukrainian drone attacks on Black Sea resort and Crimea kill 11, Russia claims

Seven people, including three children, dead after ‘drone debris’ strike beach in seaside town, says Russian taskforceUkrainian drone attacks on a Black Sea resort and the annexed Crimea peninsula killed 11 people, Russian officials said, after blaming Ukraine for another explosion that killed five people in a Moscow restaurant.Seven people, including three children, were killed when “drone debris” struck a beach in the seaside town of Arkhipo-Osipovka, the crisis taskforce for Russia’s southern Krasnodar region said on social media. Continue reading...

Trump claims strait of Hormuz could open ‘by tomorrow’ as Iran denies any talks taking place – as it happened

This live blog is now closed.People walk near a billboard depicting Iran’s late supreme leader Ayatollah Ali Khamenei, on a street in Tehran, Iran, earlier today.Six Saudi-flagged supertankers have changed course in the Gulf of Aden in recent days amid threats from the Iran-aligned Houthis, Reuters reports. Continue reading...