Australia Financial News

Virat Kohli on Sunday smashed a brilliant 50 in just 94 balls on the third day of the first Test in Perth, to continue India's lead against the mighty Australians. Kohli, who was out after scoring merely 5 runs in the first innings, appears to have found his rhythm or perhaps regained the much needed momentum in the second. He went on to smash three fours and a six in the innings and even built a strong sixth-wicket partnership with Washington Sundar. This half-ton marks Kohli's 32nd Test fifty, sixth against Australia and second in Perth and above anything else, it marks an end to his forgettable Test season thus far.

Perth Test hero Yashasvi Jaiswal, who hit a stunning century on Sunday, rose to stardom from being homeless and selling snacks on the streets to finance his cricketing ambitions. The 22-year-old opening batsman turned an overnight 90 into 161 on day three in the opening match of the five-Test series against Australia. It was his fourth ton in his 15th Test.

Yashasvi Jaiswal brought up a composed unbeaten century on Sunday as India took the first Test in Perth further away from Australia.

Rishabh Pant offers will trigger a bidding war for him in Sunday's IPL mega auction in Jeddah and the wicketkeeper batter could smash the Rs 25 crore barrier, reckoned former India batter Suresh Raina. Kolkata Knight Riders shelled out Rs 24.75 crore to acquire the services of Australian pacer Mitchell Starc ahead of IPL 2024, the highest in the tournament's history so far, and Raina felt it could be broken this time.

Shreyas Iyer continued his red-hot form in domestic cricket as he smashed a blistering century for Mumbai during their Syed Mushtaq Ali Trophy opener against Goa at Hyderabad's Gymkhana Ground on Saturday.

Outlander Season 7 Part 2 returns this week, promising eight episodes of gripping storytelling. The season continues the saga of Jamie and Claire Fraser against the backdrop of the Revolutionary War.

Stephanie Hsu and Zosia Mamet, with a mix of humor and mystery.

Digital Duty of Care' concept in the Online Safety Act will place the onus on digital platforms to proactively keep Australian children safe. In this, could Australia be setting a global standard that is enforceable? This may depend on how it and the rest of the world choose to interpret the role of social media and, more importantly, how they allocate liability for the many deleterious effects that affect its users. For instance, social media claims it doesn't willingly or deliberately amplify certain messages crafted to elicit a harmful response. These platforms would like nothing better than to be likened to a dumb megaphone that occasionally and inexplicably finds itself in the hands of the boy who cried wolf. After all, an agency that operates a traffic light pro bono would also demand protection from liability for traffic accidents near its operating intersection.

An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media

Asian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected

India vs Australia Live Score, 1st Test, Day 1: India and Australia will renew their rivalry in the Border Gavaskar Trophy when both teams face off in the first Test at the Optus Stadium in Perth on Friday (November 22). While Australia are coming into this Test match fresh, the visitors were humiliated 0-3 by New Zealand at home. A lot of talk has been around Virat Kohli coming into this Test series.

Wall Street as investors shook off initial concerns over Nvidia Corp.’s revenue outlook. Bitcoin edged closer to $100,000 while the dollar gained. Shares in Australia and Japan advanced. An index of US-listed Chinese stocks fell 1% Thursday, running against the grain of trading in New York but partly reflecting selling in Hong Kong stocks in their most recent session.

GQG Partners, one of the biggest foreign institutional investors in Adani Group, said it is monitoring the charges filed by the US Attorney's Office for the Eastern District of New York and the Securities Exchange Commission against founder Gautam Adani, group companies and executives. GQG said it is «reviewing the emerging details and determining what, if any, actions for our portfolios are appropriate.» Shares of GQG Partners plunged 20% on the ASX (Australian Securities Exchange) on Thursday, eroding nearly ₹8,100 crore (approx. US $950 million) or 16% of its market value.

The UK officially launched the Global Clean Power Alliance at the G20 Summit in Rio de Janeiro yesterday, fuelling hopes that a growing coalition of countries are willing to push for an ambitious new climate agreement at the COP29 Summit in Baku. Brazil, Australia, Barbados, Canada, Chile, Colombia, France, Germany, Morocco, Norway, Tanzania, and the African Union have committed to supporting the new alliance's first 'Mission', while the US and EU have been named as partners of the initiative.  COP29: Keir Starmer confirms UK will aim to cut emissions 81% by 2035 Prime Minister Kei...

Legislation to create a world-first law banning children under 16 from social media has been introduced in Australia's Parliament

Snapchat, Reddit, X, and Instagram platforms could be fined up to 50 million Australian dollars (USD 33 million) for their systematic inability to stop young children from creating accounts.Rowland informed Parliament, "This bill aims to establish a new normative value in society that using social media is not the defining characteristic of growing up in Australia."Last month, Reddit, a company that went public in March, announced its first profit. In addition, the number of daily users on the site increased by 47% to 97.2 million over the previous year..Reuters reported that revenue in the September quarter rose 68% to $348.4 million, beating analysts’ estimate of $312.8 million.

U.S.-China Economic and Security Review Commission has raised alarms about China's military capabilities, suggesting that the nation poses a significant threat to US interests in the Indo-Pacific region. The comprehensive 793-page document, which draws from both classified and unclassified sources, indicates that China's military might now has the potential to outmatch U.S. forces in a future regional conflict. The report highlights that Beijing's military expansion over the past two decades has focused on developing a formidable arsenal of missiles, ships, aircraft, and advanced systems designed for potential conflicts in the Indo-Pacific. «It warns that, as result, US. forces and bases in the region would face a significant threat from the [People’s Liberation Army] in any regional contingency involving treaty allies and/or security partners, and the outcome of any such conflict is far from certain.» Despite the evident military advancements, the report notes that while China is bolstering its military readiness, it does not currently believe that an armed conflict is imminent. “There is ample evidence that China’s armed forces are enhancing their general military preparedness, but little evidence they are mobilizing for an imminent conflict at this time,” the report states.

Hulu have renewed The Artful Dodger for a second season. The Australian original series will continue to explore the adult life of Jack Dawkins, a character inspired by Charles Dickens’ Oliver Twist.

Tax Justice Network's 'State of Tax Justice 2024' report was made public on Tuesday. It has dropped like a grenade into the neatly-raked zen garden of global finance. The report reveals a staggering $492 bn lost annually to global tax- dodging that's lounging in secret offshore accounts, funding billionaire jets, yachts and even booking for future intergalactic travel. This is a tale of two kinds of tax-avoiders: one, corporate; the other, personal. Two-thirds of the total $347.6 bn comes from MNCs playing an elaborate game of offshore hopscotch to underpay taxes. The remaining third, $144.8 bn, stems from HNIs hiding their treasure chests in tax havens. So, who's enabling this grand evasion? Eight countries, the 'Elite Eight', are at the forefront: Australia, Canada, Israel, Japan, New Zealand, South Korea, Britain and the US. Together, these economic heavyweights are responsible for nearly half of global tax abuse losses.

Subscribe to enjoy similar stories. New Delhi: As state-run NTPC is set start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, the company is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp.