Infrabuild to the rescue as loan bolsters GFG Alliance

UK billionaire Sanjeev Gupta has again relied on his successful Australian steel businesses to bolster his GFG Alliance group’s finances, with steel manufacturer and distributor Infrabuild confirming a new secured loan. InfraBuild closed a $537 million (USD350 million) Senior Secured Asset-Backed Term Loan led by funds and accounts managed by BlackRock and Silver Point Finance.…

Defence AI autonomous system trial the first under AUKUS

AUKUS representatives from Australia, the United Kingdom and United States have observed the successful demonstration of Artificial Intelligence (AI) and Autonomy at the Upavon Airfield in the UK – the first major joint test under the AUKUS pact The technologies, part of the Advanced Capabilities pillar (Pillar II) of the AUKUS pact, were jointly developed…