Australia Financial News

TPG Capital has brought in Genevieve Gregor as a special advisor across its portfolio after initially considering appointing the ex-Goldman Sachs banker to the board of InvoCare, which it acquired this month for $1.8 billion.

A faster-than-expected expansion in large batteries has propelled France’s Neoen to Australia’s biggest clean energy player, revealing a target to triple its renewable capacity by 2030.

A $650 million compensation claim brought against German car maker Mercedes-Benz by 38 Australian dealerships has been thrown out by a Federal Court judge.

Fortescue’s radical green reinvention triggered the exit of departing chief executive Fiona Hick, who faced a choice to “get on the bus, or get off the bus”, according to executive chairman Andrew Forrest.

While the attention has been firmly on GenesisCare’s up-for-sale operations in the United States, some lenders are beginning to toy with the idea of a voluntary administration for the cancer services provider’s local operations.

Qantas, Jetstar and Virgin took advantage of smaller rivals and overseas carriers relinquishing their landing slots at Australia’s largest airport during the pandemic, soaking up more than 500 new slots at Sydney Airport compared to 2019, according to previously unreported data.

Extending the life of Origin Energy’s 2800-megawatt Eraring coal-fired power station in NSW by two years would significantly ease pressure on the electricity grid, according to modelling done by the Australian Energy Market Operator.

NEW DELHI : OpenAI, the US-based artificial-intelligence (AI) research firm, has fired its latest salvo towards seeking to monetize its widely popular chatbot, ChatGPT, by launching ChatGPT Enterprise. Through the latter, OpenAI seeks to address one key concern that enterprises and analysts have raised over time—that of ChatGPT using business data to train their large language models (LLMs).

Elon Musk rebranded Twitter as X, some users are still resistingthe change so much that they are finding ways to pretend it didn’t happen. Using specially designed software tools, they are reinstating the old blue-on-white bird image on their devices in place of the new icon—a stylized, white-on-black version of the 24th letter. And they are reverting references to “posts" back to “tweets," along with other user experience options.

HYBE, the makers of the current most popular boy band BTS, is looking for a new girl band. The company held worldwide auditions in association with the USA's Geffen Records to create a new global girl group. This is being done on a big scale for Netflix as a docuseries and also on YouTube. The two record companies recently announced the 2024 series and also a companion-piece online show that will begin on Thursday, August 30, as part of their The Debut: Dream Academy. The selection process for the girl group started in November 2021, when 120,000 applications of girl group potentials were screened. The worldwide hunt resulted in 20 candidates being selected. The females come from countries as diverse as Australia, Argentina, Brazil, Thailand, Sweden, Japan, Belarus, Switzerland, Slovakia, the Philippines, South Korea, and the USA. Now, in the docuseries, fans will be able to follow the selected contestants through the final stages of the auditions.

The foreign minister of Quad group -- which includes India, Australia, Japan and the United States – are likely to meet on the sidelines of the United Nations General Assembly (UNGA) in New York in September. The meeting of the foreign ministers is being held to expand the cooperation in the Indo-Pacific region, people familiar with the development said on Wednesday. The meeting has however not been confirmed yet.

IOA) president PT Usha will take a step further as an administrator as she will be contesting the upcoming Commonwealth Games Federation elections for the post of vice-president.

Accolade Wines has sold its House of Arras sparkling wines brand and vineyards, and the Bay of Fires winery and cellar door in Tasmania, to boutique player Handpicked Wines for an undisclosed price.

Victoria and South Australia face an increased risk of rolling blackouts this summer, the electricity grid operator has warned, as the return of an El Niño weather pattern brings a hot, dry summer with lower wind output.

Thousands of Optus customers who had personal details stolen in a cyberattack and leaked on the dark web may never find out how the breach happened after the telecommunications group pleaded “legal professional privilege” to try to stop a report into the hack being released.

David Jones chief executive Scott Fyfe says trading at the upmarket department store has remained in positive territory and shoppers are still investing in luxury brands, although sales in the past few months have slowed as pressures mount on household budgets.

gun culture mass shooting incidents in the US.Australia Australia warned its citizens of the gun culture in the US, told them that shooting incidents are frequent in that country, and warned them that gun crime is possible in all areas. It said, “Violent crime is more common than in Australia. Gun crime is also prevalent. If you live in the US, learn and practice active shooter drills.

The eight asset managers to earn a leader label were Affirmative Investment Management, Australian Ethical, Boston Trust Walden, Domini, Impax, Parnassus, Robeco and Stewart Investors.

Global shares are mostly trading higher, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings

Dollar bulls have history on their side going into September as the currency has strengthened during that month for six years in a row.

Also Read: ‘Invite to African Union made G20 more inclusive’ The G20, consisting of 19 individual nations (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and the United States) along with the European Union, collectively forms a prominent international assembly. As per the central government website on the G20 Summit, the G20 was upgraded to the level of heads of state, and government in the wake of the global economic and financial crisis of 2007, and, in 2009, was designated the “premier forum for international economic cooperation". The G20 Presidency oversees the G20 agenda over a span of one year and takes on the role of hosting the Summit.