Australia Financial News

The trade ministers of the Group of Seven nations pledged to build a wider network with developing nations to ensure supply chains are resilient for key items including critical minerals, semiconductors and batteries, according to the group’s joint statement released Sunday at the conclusion of their two-day gathering in Osaka, Japan. “We deplore actions to weaponise economic dependencies and commit to build on free, fair, and mutually beneficial economic and trade relationships, and accelerate such collaboration with the wider international community,” the group said in its joint statement.

World Cup 2023 match at Maharashtra Cricket Association Stadium, Pune. Afghanistan vs Sri Lanka Pune ODI is a day-night match and will start at 2 PM. It would be the sixth match of both teams in the ICC ODI World Cup 2023.

Equifax, which holds credit data on almost 20 million Australians, says early warning signs for a tougher period for banks are emerging, including a spike in demand for credit cards and personal loans in the last quarter.

It’s extremely convenient for Treasurer Jim Chalmers that Australia’s central bank is in a vulnerable position at present because it means that Reserve Bank governor Michele Bullock will be extremely reluctant to call him out.

The old marketing and advertising sectors face a reckoning, says high-profile Australian advertising boss David Droga. A lot of the work “is shit”, “formulaic”, and adheres to what he describes as a “disruption model”.

Angel Studios, started producing 'The Chosen' in 2019. This unique series, which provides a novel perspective on the life of Jesus Christ, primarily sees his life as a historical drama. Interestingly, instead of focusing on Jesus, the series delves deep into the experiences of those who met him, allowing viewers to see Christ from the perspective of those he impacted.

By Stella Qiu

New Delhi: An end of year deadline for a free trade deal between India and the European Union is unrealistic, the 27-nation grouping’s Ambassador to India, Hervé Delphin, said in an interview. Stressing the need for a level playing field for European businesses, Delphin cited concerns about India’s regulatory uncertainty as a potential dampener on EU investments. Edited excerpts: I don’t think that, to my knowledge, India has had such a large-scale FTA with any other partner.

World Cup was played between India and England in Lucknow, India's Rohit Sharma entered in the top five after scoring a brilliant 87 runs under testing conditions. Rohit also overtook Virat to become India's leading run-getter in this World Cup for India. Here is a look at the top ten batsmen who scored maximum runs till the India-England game: Quinton de Kock who has scored three centuries in this World Cup is at the top of the chart and is one of the main reasons for South Africa's brilliant performance in the World Cup.

Tether, the preeminent stablecoin firm globally, has once again exemplified its resolve against illicit financial activities by freezing 32 cryptocurrency addresses, implicated in terrorism and warfare funding within Israel and Ukraine. The move showcases the intensifying collaboration between cryptocurrency establishments and global law enforcement to counteract the rising tide of digital-financed crime.

The Australian Financial Review’s editorial cartoonist David Rowe has won the Australian Cartoonists Association’s Gold Stanley for best cartoonist of the year.

Controversial Wallabies coach Eddie Jones has resigned from his position a month after his team’s woeful Rugby World Cup performance.

Whitehaven Coal’s purchase of two coking coal mines from BHP and its partner, Japan’s Mitsubishi, for $US3.2 billion ($5 billion) will push earnings per share up 93 per cent by 2025, according to brokers at Citi.

The starting gun has fired on ARN Media’s $225 million takeover bid for rival radio and television broadcaster Southern Cross Austereo – but Street Talk understands the target is taking advice from a new source.

Joe Root named India's stalwart batter Virat Kohli as the «greatest chaser of all time» ahead of their upcoming clash in the World Cup on Sunday at Lucknow's Ekana stadium. England have failed to live up to their pre-tournament billing in the ongoing World Cup as they currently sit at the bottom of the table with two points. However, with their backs against the wall and faced with a do-or-die battle, the Three Lions will go all out to pull off a victory against the hosts. The defending champions hold a 4-3 lead over the Men in Blue in head-to-head encounters in ODI World Cups. However, on current form, India appear to hold the upper hand going into Sunday's clash. Virat has been influential in India's unbeaten run in the World Cup so far, playing match-winning hands in all the team's chases.

The former managing director of The Market Herald has been accused of using company cards to fund luxury holidays and creating a flawed recruitment process to hire his ex-wife who charged thousands of dollars for work that was largely copy and pasted from the internet.

"Mirza Fakhrul Islam Alamgir has been picked up by officers of the law enforcing agency," the Bangladesh Nationalist Party said in a statement. «He has been detained by police officers,» Shamaruh Mirza, Alamgir's daughter who lives in Australia, told AFP. Dhaka Metropolitan Police spokesman Faruk Hossain said he was not aware of his arrest. Alamgir, 75, the BNP's secretary-general, has been leading the party since BNP chairwoman and two times former premier Khaleda Zia was arrested and jailed, and her son went into exile in Britain. Zia has been living under effective house arrest since her release from a 17-year prison sentence in 2020. The protests on Saturday by the BNP and the largest Islamist party, Jamaat-e-Islami, were the biggest so far this year, AFP journalists on site said, and marked a new phase in their protests with a general election due before the end of January. More than 100,000 supporters of two major Bangladesh opposition parties rallied to demand Prime Minister Sheikh Hasina step down to allow a free and fair vote under a neutral government. Hasina — daughter of the country's founding leader — has been in power for 15 years and has overseen rapid economic growth with Bangladesh overtaking neighbouring India in GDP per capita, but inflation has risen and her government is accused of corruption and human rights abuses. Both BNP and Jamaat-e-Islami called for a nationwide strike on Sunday to protest the violence. Security on Sunday was tight in the capital with thousands of police and paramilitary Border Guard Bangladesh patrolling the streets.

iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills. Rio Tinto Group, the world’s largest iron ore producer, shipped its first cargo of the steelmaking ingredient from this spot in 1966, at the dawn of a boom that minted billionaires and lifted the Australian economy, generating A$1.3 trillion ($820 billion) in earnings in the past two decades alone. Last year, iron ore shipments accounted for about 5% of the country’s gross domestic product. But now China is cooling, while steel producers are under pressure to clean up a sector that accounts for at least 7% of global greenhouse gas emissions, a change that will require new methods and higher-quality raw materials.

National Australia Bank abandoned an assurance to borrowers that it would only increase monthly mortgage repayments on the 12-month “anniversary” of variable rate home loans, after rapid-fire interest rate rises caught the bank off guard.

Six months after NYSE-listed Mercer International’s local outpost picked up $37.8 billion worth of superannuation assets from Westpac, it has swooped on another bank’s pensions honey pot.

It was November 2021, and Judo Bank was riding high.