‘Melbourne's Silicon Valley' rises as a daytime dining destination. Here are five spots to try
The Cherry Tree is a longstanding boozer, Fred's and Lilac led the area's wine-bar movement, and cafes have long dotted the backstreets. But it wasn't until this year that the inner south-east suburb emerged as a bona fide dining destination.
'A drop in rents post-COVID created really attractive opportunities for hospo operators,' says Stefanie Breschi, director of the new souped-up Japanese convenience store Suupaa.
Her eatery neighbours Melbourne's biggest Baker Bleu shop, in the 65 Dover Street development.
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The Advertiser
2 hours ago
- The Advertiser
Intel getting $3 billion lifeline from SoftBank
Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate. Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate. Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate. Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate.
Perth Now
3 hours ago
- Perth Now
Intel getting $3 billion lifeline from SoftBank
Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate.
7NEWS
5 hours ago
- 7NEWS
Nissan X-Trail Nismo coming to take on Toyota RAV4 GR Sport
The Nissan X-Trail has never been accused of being sporty, and while most members of the booming mid-size SUV segment are staid, there's still a market for something more dynamic. According to Japanese outlet Creative Trend, that has led Nissan to plan a Nismo version of its popular X-Trail, which would follow in the footsteps of sporty mid-size SUVs like the Volkswagen Tiguan R Line. It'll form part of an updated X-Trail lineup that'll reportedly be revealed on August 21, 2025, and go on sale in Japan next month. CarExpert can save you thousands on a new Nissan. Click here to get a great deal. Above: Current Nissan X-Trail Changes across the range will reportedly include a new grille and front bumper, and fresh wheel designs. Inside, the facelifted X-Trail will reportedly get a black upper dash and doors, replacing the existing brown, plus USB-C outlets to replace the USB-A outlets, a new infotainment system with Google built-in, and a 3D view for the available surround-view camera. However, the Japanese website says tri-zone climate control has been removed, while ventilated front seats haven't been added like on the related Mitsubishi Outlander. The X-Trail Nismo will reportedly be offered only in e-Power with e-4orce form, meaning an extended-range electric vehicle (EREV) powertrain with all-wheel drive, and exclusively with five seats. Above: Nissan Note Aura Nismo According to Creative Trend, it'll get the following unique equipment: Nismo-exclusive grille, bumpers, mirror caps Available Nismo Stealth Grey paint with a Super Black roof Black roof rails Enkei 20-inch alloy wheels Michelin Pilot Sport EV tyres Nismo-exclusive fabric and leatherette upholstery There will also be red stitching for the seats, steering wheel, dashboard, armrest and doors, as well as other Nismo touches like a red-accented start button. A set of leather and Alcantara-clad Recaro sports seats will reportedly be an additional option. The report says the X-Trail Nismo will also bring chassis upgrades including retuned steering and suspension, as well as tweaks to the all-wheel drive system. Above: Nissan Rogue Rock Creek However, it won't get any more power. The current X-Trail e-Power with e-4orce has a 105kW/250Nm 1.5-litre three-cylinder turbo-petrol engine mated with 150kW/330Nm front and 100kW/195Nm rear electric motors. Not only is the facelifted X-Trail set to get a sporty Nismo flagship, it's also getting a Rock Creek edition like that offered with the almost identical Nissan Rogue built in the US. This more rugged variant will reportedly also be offered exclusively in e-Power with e-4orce guise, albeit with a choice of five- or seven-seat configurations. Standard features will reportedly include black 19-inch wheels with orange accents, wrapped in all-terrain tyres, as well as a unique front bumper and grille, plus waterproof trim and orange stitching inside. The X-Trail Rock Creek will also reportedly be available with the same 'hero' paint scheme – Canyon Beige, with a Super Black roof – as the Rogue Rock Creek, along with a range of other exterior colours. Launched in the US-market Rogue for 2025, the Rock Creek grade brings a unique front fascia, a tubular roof rack with integrated cross bars, and 17-inch satin black wheels wrapped in 235/65R17 Falken Wild Peak all-terrain tyres. Inside, there's water-repellant leatherette upholstery and Lava Red accent stitching. Notably, there are no mechanical enhancements for either the US-market Rogue Rock Creek or the upcoming X-Trail Rock Creek, making it more equivalent to a Subaru Forester Sport than the tougher Forester Wilderness offered overseas. It'll battle not only the Forester Sport but also the upcoming Toyota RAV4 Adventure/Woodland, and replace the Japanese-market X-Trail Extremer X, which is effectively the same as our local N-Trek. The launch of a facelifted X-Trail comes almost two years after the related Rogue received a refresh in the US, bringing revised front- and rear-end styling, new interior trim, and an available 12.3-inch infotainment touchscreen featuring Google built-in. Above: 2026 Nissan Rogue Nissan also ditched USB-A outlets for USB-C outlets. The reason for the delay in Nissan facelifting the X-Trail stems from the fact it was launched considerably later than the Rogue. Nissan launched the current Rogue in the US in late 2020, but the X-Trail didn't launch in Japan until July 2022 and in Australia until later that year. Don't be too jealous of buyers in markets where the Rogue is sold, however – they don't get the e-Power powertrain, though they do get a 1.5-litre three-cylinder turbo-petrol engine in lieu of the naturally aspirated 2.5-litre four sold here.
