Australia Financial News

Wayne Holdsworth became an advocate for banning Australian children younger than 16 from social media because his son took his own life after falling victim to an online sextortion scam

Authorities in Mali have arrested four senior employees of a Canadian mining company as the military regime in the West African nation continues to detain workers to pressure companies in its crucial mining sector to pay millions in additional taxes

The New Zealand dollar rose after the Reserve Bank of New Zealand cut benchmark rates by 50 basis points to 4.25% while noting that inflation had declined to near the mid-point of its targeted range.

Nicole Kidman has been rumoured to be considering leaving the United States. Celebrities from Hollywood appear to be leaving the country at a very high rate these days; names like Eva Longoria, Ellen DeGeneres, and Richard Gere are frequently mentioned. The U.S. exodus may include Nicole Kidman and Keith Urban, but not for the reasons you might expect, as quoted in a report by SheKnows. The Oscar winner, 57, is still dealing with her loss following the death of her mother, Janelle Kidman, in September. It has been an overwhelming time for her because she is also a finalist for award show season with her erotic thriller, Babygirl. Nicole and Keith have had the worst year ever; they have hardly spent any time together, and she has been alone during some of her most trying moments. Relocating to their native Australia with their daughters, Sunday Rose, 16, and Faith Margaret, 14, is one way for the couple to resolve their issue. After an uncomfortable period, it would be a chance for them to re-establish their grounding.

Asian shares have mostly declined as worries spread over President-elect Donald Trump's comment that he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office

Bitcoin surged by 9% over the past week and 31% since its September low, as markets bet on a potential Trump victory in the US election on 5 November.

Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact. Prime Minister Anthony Albanese's centre-left government wants to pass the bill, which represents some of the toughest controls on children's social media use imposed by any country, into law by the end of the parliamentary year on Thursday. The bill was introduced in parliament last week and opened for submissions of opinions for only one day.

Warner Music Group said on Monday its Australasia president Dan Rosen would take on the additional role of the president of its music publishing arm, Warner Chappell Music, in the region. The move will make Rosen the leader of both the recorded music and publishing businesses across Australia and New Zealand. «Dan has been an exceptional leader for Warner Music Australasia… this expanded role will enable him to strengthen our entire proposition in the region and set a new standard for how we serve the creative community,» said Simon Robson, president of EMEA, recorded music at Warner Music.

An advocate for major social media platforms has told Australia's Parliament that a plan to ban children younger than 16 from the sites should be delayed rather than being rushed to approval this week

Vaibhav Suryavanshi has made history at the IPL 2025 auction, being sold to Rajasthan Royals for a remarkable Rs 1.1 crore. The teenage sensation is now a crorepati, setting the stage for what could be a bright future in Indian cricket. Vaibhav made his first-class debut for Bihar at just 12 years and 284 days. He recently smashed a 62-ball 104 in a youth Test against Australia and is part of India’s U-19 squad for the ACC U-19 Asia Cup.

Rishabh Pant took to social media to applaud his teammates following India's sensational victory against Australia, in a rather quirky way. Picking on the memes that went around, featuring Mohammed Siraj's iconic lines from the T20 World Cup win, Pant shared heartfelt appreciation for his teammates on his Instagram story. «I only believe in Jassi bhai, because he is a gamechanger,» Siraj had said in a post-victory interaction in the USA in June, when Bumrah had turned the game around for team India. This, later, became a part of memes and appreciation posts across social media.

Anushka Sharma and Virat Kohli’s son, Akaay, were seen for the first time during the India vs. Australia Test match in Perth. On Sunday, Anushka was spotted in the stands enthusiastically cheering as Virat scored a century. The camera frequently captured Anushka’s reactions to his impressive performance, and during one such moment, a baby seated behind her caught viewers’ attention. In a widely circulated video, a man was seen holding the baby and trying to lull him to sleep. Fans immediately assumed it was Akaay and excitedly celebrated what they believed was his first public appearance. However, reports from outlets like Times Now have confirmed through sources that the baby in the video is not Akaay. Anushka, who welcomed Akaay earlier this year, has remained fiercely protective of her son’s privacy. She kept her second pregnancy a secret and surprised fans with the announcement of Akaay’s birth via social media. Both Anushka and Virat have made deliberate efforts to shield their children from the public eye. Even in her birthday tribute to Virat, Anushka carefully avoided revealing the faces of both Akaay and their daughter, Vamika.

Australia’s government has withdrawn a bill that would give a media watchdog power to monitor digital platforms and require them to keep records about misinformation and disinformation on their networks

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

Bose said the Parliament should wait until the government-commissioned evaluation of age assurance technologies is completed in June. «Parliament is asked to pass a bill this week without knowing how it will work,» Bose said.

IPL 2025 auction as teams went hard for them on Sunday in Jeddah. Several pacers and spinners went for more than Rs 10 crore. Indian veteran spinner Yuzvendra Chahal and pacer Arshdeep Singh were sold for Rs 18 crore each to Punjab Kings. Other experienced Indian players like Mohammed Shami and Mohammed Siraj also saw their pockets swell with Rs 10 crore and Rs 12.25 crore respectively. Australian pacer Josh Hazlewood was sold to Royal Challengers Bengaluru at Rs 12.50 crore. Further, Indian legend Ravichandran Ashwin returned to for Rs 9 crore and will partner his spin-twin in Tests, Ravindra Jadeja.

Glenn Maxwell will return to Punjab Kings for Rs 4.2 crore on Sunday in the IPL 2025 auction. There was a late opening bid for the Australian all-rounder by Sunrisers Hyderabad at Rs 2 crore. PBKS battled them till Rs 2.60 crore. Chennai Super Kings entered the bidding at Rs 2.80 crore before stepping aside. This will be the 36-year-old's second stint with PBKS after having played for the team from 2014-2021.

Narayanan Pillai, a former advocate from Mavelikkara, Kerala. Over the years, this octagenarian has amassed more than 60 cars cementing his status as a standout figure in the car enthusiast community. The latest addition to his collection in the garage is the swanky, BMW 2 Series Gran Coupe (220i) in black. As per reports, his enthusiasm for cars kicked in when he lived in Australia and bought his first car, Audi Fox, which left quite an impression on his mind. Gradually, when he achieved financial stability, he always ensured that his garage had new cars. But for him, cars are not about collecting. He believes in buying a car, using it extensively for some time and exchanging or sell it away for another brand. The video has amassed 43.2 lakh views on Instagram. The clip shows Mr Pillai, dressed simply completing the formalities of buying a car. He smiled proudly upon receiving the keys of the car and posed for the camera. It concluded with him driving away in the luxurious sedan. The internet was all praises for the man. Many loved that Mr Pillai was enjoying his own success, while a few were impressed by the choice of the car’s colour. One wrote, “Matured car machine finally got a matured owner.” The internet was in love with his aura.

Virat Kohli scored his 81st international century against Australia during the first Border-Gavaskar Trophy at Perth's Optus Stadium on Sunday. Virat slammed his first Test century in SENA (South Africa, England, New Zealand and Australia) conditions in almost six years, breaking the Test ton curse at Perth with an unbeaten knock that witnessed him play plenty of 'Vintage Kohli' shots. His last ton in SENA came in December 2018 in Australia, at the same venue Taking to X after his century, South Africa's batting legend AB de Villiers called Virat as the 'Greatest of All Time (GOAT)'.

Virat Kohli swapped fluency with spunk to score his 30th Test hundred which took him past the incomparable Sir Donald Bradman's tally here on Sunday, and it was also one of the most significant knocks in a stellar career that is in its final chapter. Kohli's unbeaten 100 (143b, 8x4, 2x6) against Australia at the Optus Stadium was his first hundred after the 121 against the West Indies at Port of Spain in July 2023, and since then 15 innings have passed without a three-figure mark. It was a massive climb down for a man who churned out hundreds for fun, and the 36-year-old was also a befuddled batter in the turners at home. But at Perth, the venue of his majestic hundred in 2018, and against a favoured opposition, Kohli pushed behind the agonies of the past.

Virat Kohli and Yashasvi Jaiswal's contrasting centuries, here Sunday. Marnus Labuschagne (3) was dismissed in the last ball of the day as Usman Khawaja was left stranded at the other end at the draw of stumps with the hosts still trailing by 522 runs. Skipper Jasprit Bumrah removed Nathan McSweeney (0) and Labuschagne, while Mohammed Siraj dismissed night watchman Pat Cummins (2) to cap off a dominant day for the visitors. Earlier, resuming their second innings at 172 for no loss, India declared at 487 for six.