Australia Financial News

Investing.com — Most Asian currencies firmed on Monday as softer-than-expected U.S. inflation readings pushed up hopes that the Federal Reserve will taper its hawkish stance, with focus also turning to more U.S. economic cues this week.

SYDNEY (Reuters) — An Australian project management firm has filed a lawsuit against Twitter Inc (NYSE:TWTR) in a U.S. court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries, court filings showed.

Australia's top telecom firm Telstra Group said on Monday it will partner with Elon Musk's Starlink to provide fixed broadband and voice services to rural Australians. The telecommunications provider will bring home phone service and Starlink broadband services as a bundle to Australians, it said on a blog post.

Kyrgios pulled out of Wimbledon the night before the tournament's start, citing a wrist injury, a year after he reached his first Grand Slam final at the All England Club. His withdrawal was announced by Wimbledon on Sunday night and Kyrgios wrote about it on social media. He was seeded 30th in the men's bracket and was scheduled to face David Goffin on Monday.

Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts. Brent crude futures dropped 20 cents, or 0.3%, to $75.21 a barrel by 0044 GMT after settling up 0.8% on Friday.

England captain Ben Stokes' swashbuckling 155 was in vain as Australia won the second Ashes test at Lord's by 43 runs on an extraordinary final day on Sunday to take a 2-0 lead in the five-test series. Stokes launched a blistering attack after the controversial dismissal of Jonny Bairstow, smiting nine sixes and nine fours to raise hopes of a repeat of his brilliant match-winning knock against the Australians at Headingley four years ago.

Australia have asked for the Marylebone Cricket Club (MCC) to investigate incidents of its players being abused and confronted by members in the Long Room during the lunch break at the Lord's following Jonny Bairstow's controversial dismissal on Day Five of the second Ashes Test. «Australian management has requested the Marylebone Cricket Club (MCC) investigate several incidents involving spectators in the members' area during lunch on Day Five of the Lord's Test.»«It is alleged players and staff from the Australian team were verbally abused, with some being physically contacted, as they made their way to lunch through the members' area,» said the Australian team in an official statement.

SYDNEY (Reuters) — Australian home prices rose for a fourth consecutive month in June as a sustained squeeze on housing supply helped lift values nationwide, data showed on Monday.

Pathum Nissanka scored an unbeaten 101 as Sri Lanka booked their place at the 50-over Cricket World Cup in India with a comprehensive nine wicket victory over hosts Zimbabwe in their qualifier in Bulawayo on Sunday. Sri Lanka move to eight points in the Super Six stage of the preliminary tournament and cannot finish outside of the top two teams, who both earn a place at finals which will be played from Oct. 5-Nov.

The entire day, we try to contain our excitement and eagerly wait for the clock to hit 6 so that we can peacefully settle into the weekend vibes. Especially these days, with several companies offering four-day work weeks, employees feel more productive and efficient towards the end of the week. However, the moment Sunday evening arrives, we start experiencing certain emotions, popularly known as “Sunday scaries” – basically when Sundays become stressful, instead of rejuvenating. Just the thought of returning to the normal work routine pushes you into a state of panic and despair. And, you find it hard to prepare your mind and body to transition back to the rise-and-grind environment. But what if we told you there is a new workplace trend to help you get rid of these Sunday scaries and Monday blues? It allows you to get the important work done and smoothly ease your way into the rest of the week. It is called “bare minimum Mondays”.What exactly is ‘bare minimum Mondays’?

Investing.com — Friday’s nonfarm payrolls report and Wednesday’s minutes of the Federal Reserve’s June meeting will be the highlights of a holiday-shortened week. The stock markets go into the second half with a tailwind after strong gains in the first six months of the year. The Reserve Bank of Australia is set to make its latest rate decision while PMI data from China is likely to underscore the need for more stimulus measures

It’s pedal to the metal for deal teams waiting on the auction for Melbourne toll-road operator EastLink, with a July kick-off still on the calendar after the most likely buyer, Transurban, was warned that the competition regulator had concerns about it acquiring another motorway.

James Packer has returned to the world of media, emerging as a key, multimillion-dollar investor in Alan Jones’ Australian Digital Holdings.

One of Australia’s largest asset managers is set to give the exchange-traded fund sector a boost.

RBC Capital Markets has hired Andrea Sartore as a director from Morgan Stanley to cover consumer and retail clients.

Optus says it still does not know how much customer information was stolen nearly a year after a massive cybersecurity breach, and has denied it had a duty of care to protect the affected customers from harm.

London | After four days of unpredictable and head-scratching action, Australia’s pacemen Mitchell Starc and Pat Cummins ripped out England’s top order with a masterclass of textbook bowling to put their side in sight of a 2-0 Ashes lead on Saturday.

England insist they will not underestimate Todd Murphy if he is thrown into the Ashes cauldron at age 22, adamant that going after the Australian spinner will be easier said than done.

Surrendering passports and acquiring the citizenship of another country are two entirely different actions, said an immigration consultant for New Zealand and Australia.«Goans, Punjabis, Gujaratis and people from Tamil Nadu and Kerala are acquiring citizenship of other countries. For the Goans, England was the final destination. But Brexit applied brakes on their movement,» said Ravi Veravalli, principal consultant, Star Global Education Alliance, in a conversation with IANS.

Canada, Germany, Australia, and many more have been facing an acute shortage of labour due to an ageing population and a low birth rate. Looking beyond borders, these countries are streamlining their immigration systems at the federal, state and regional levels to attract the best talents from fields like IT, healthcare, STEM, education, etc.

Now, with top economies seeking semi-skilled and skilled professionals to plug labour shortages, offering them extensive benefits and upgrading their standard of living, people's desire to migrate has reached an all-time high. Going by the numbers, Indians continue to chase the American dream with 7,88,284 of them relinquishing their citizenship in 2021, according to a Ministry of External Affairs data.