California-based company reports seven-fold jump in profit to $14.88bn in first quarter. Nvidia, the chipmaker at the centre of the boom in artificial intelligence (AI), has reported a seven-fold jump in profit, sending its stock to a record high. The Santa Clara, California-based company said on Wednesday that net income rose to $14.88bn in the first quarter, up from $2.04bn a year earlier. Revenue more than tripled to...

France’s president is visiting the Pacific territory where electoral reform plans have fuelled the worst unrest in more than 30 years. French President Emmanuel Macron has said French soldiers will remain in New Caledonia “as long as necessary” after more than a week of unrest triggered by French plans to change electoral rules in the Pacific island territory. Macron arrived in New Caledonia’s capital Noumea on Thursday, amid...