Australia Financial News

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences...

critical minerals this week, two Indian government sources said, as the two countries try to bolster trade ties despite diplomatic hiccups. They are expected to sign an agreement to partner and cooperate in the area of critical minerals during Indian trade minister Piyush Goyal's visit to Washington, the sources said. Goyal is scheduled to be in the U.S. this week to discuss ways to deepen overall bilateral trade ties, according to one of the sources, weeks before the White House's preparation for a leadership change following the presidential election later this year.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Internet Exchange Points (IXPs) and peering networks are set to surge in India amid the data centre boom to support increasing IT workloads and strong data consumption by mobile users. IXPs, typically, are physical locations where different networks connect to exchange internet traffic via common switching infrastructure. They are responsible for interconnecting internet service providers (ISPs), content delivery networks (CDNs) such as Cloudfare, Akamai, over-the-top (OTT) players such as Netflix, Amazon Prime, DNS root servers, national and international telco networks and even social media networks like Instagram. As per the Internet Society, India ranks number 2 in Asia on the IXP count metric. But it lags in penetration terms compared to Finland, Singapore, Australia and the UK. For instance, Finland and Singapore have 12.5 and 22 IXPs per 10 million people, respectively, whereas India has only 0.23 IXPs per 10 million people, according to Extreme Infocom.

Talk to the hukka-smoking elders playing cards in villages or those on their morning jogs in urban parks, the issue of migration of youth, especially through the 'dunki' route and drugs feature prominently. Dunki or the mule route, is the slang used to gain unauthorised entry into the US, UK, Canada and Australia. Angoor Devi, in her early 60s, at Narukhera village near Karnala asks her husband Chand Singh whether their son Vikas has called or not. Smoking a hukka, along with others from the village, Singh says he was still waiting for his call. A Jat, Singh who owns six acres, says the land he has is just sufficient for his entire family. «Aage ka bhi toh sochna pade hai, Yehi soch ke chora bahar chala gaya dunki mar ke (But we have to think about the future as well, that's why my son went abroad),» Singh says.

While Jammu has arguably been a bigger gainer of the removal of special status as the power balance with the Valley has ostensibly been reduced, there are many issues that plague the minds of people living in the lower altitudes. High unemployment and lack of jobs commensurate with the education levels is a big worry for the youth. Many young people that ET talked to said they and their peers are working in other parts of the country or going to Singapore, Australia, Canada and the European countries for low-end jobs. Agniveer has also caused a lot of resentment. “Earlier there used to be so many boys running on the roads early in the morning to practice for joining the army but now you hardly see any youngsters doing so. There is not much interest in becoming an Agniveer,” said Narendra Sharma, the PDP candidate in RS Pura, Jammu.

Subscribe to enjoy similar stories. Bengaluru: Dragon Fund, which has backed prominent Indian startups including Meesho and Zepto, will ramp up its pace of investments in India and is likely to deploy more than half of its $500 million global fund it raised in 2023 by the end of this year, a top executive told Mint. “India will undoubtedly be one of our largest markets.

Pesto has gained international attention due to his extraordinary size. Pesto, housed at Sea Life Melbourne Aquarium in Australia, is a king penguin and is significantly larger than what is typical for his species. At nine months old, Pesto stands 90 cm tall and weighs 22.5 kg, surpassing even his caregiver parents, Tango and Hudson. King penguins generally grow between 70 cm and 100 cm and weigh 14 kg to 16 kg as adults. Michaela Smale, a senior keeper at Sea Life Melbourne, stated to 9News that Pesto has become a viral sensation. «Pesto has reached more than 1.9 billion people across the globe, so he really is a drawcard for visitation to Victoria,» she said. Pesto was born in January weighing just 200 grams. At three months, he weighed 9.1 kg, and now, at nine months, he has grown significantly. Sea Life Melbourne Aquarium explains, «The combination of good genes and good parents explains his current weight, but he will lose a lot of this when he fledges.»

Subscribe to enjoy similar stories. Scattered across the ocean floor are trillions of lumps of nickel, copper, cobalt and manganese. Companies have long wanted to mine them: these “critical minerals" are needed in vast quantities to electrify the global economy and cut dependence on fossil fuels.

SAHMRI) and the University of Adelaide have announced the discovery of a previously unknown cell type called EndoMac progenitors. This finding, a result of nine years of dedicated research, fills a crucial gap in the understanding of how mammals heal. It could pave the way for new treatment options for chronic conditions, particularly diabetes.

Foreign tourist arrivals (FTAs) in India from January to June stood at nearly 4.78 million, with Bangladesh and the US being the top two source countries, according to official data issued by the Ministry of Tourism. The data sheet was shared on Friday on the occasion of the World Tourism Day and figures showed that inbound tourism in the country is trailing the pandemic levels. The ministry shared the figures for the month of June as well as for the January-June period. The FTAs in June 2024 were 7,06,045 as compared to 6,48,008 in June 2023 and 7,26,446 in June 2019 registering a growth of nine per cent and a fall of 2.8 per cent with respect to 2023 and 2019 respectively, according to the data.

Today's (27 September) offer marks an increase from the £6.1bn bid proposed earlier this week, which the Rightmove board «unanimously rejected» on Wednesday (25 September). Having initially offered 705p per share on 5 September, which then rose to 770p per share on Monday (23 September), the latest bid from the Australian conglomerate represents a total value of 781p per Rightmove share, valuing the company at £6.2bn. Rightmove rejects takeover offer from Murdoch-backed REA Group Should the offer be accepted, this would mark an 11% increase on the implied total value of the initial...

Australian Treasurer Jim Chalmers has welcomed efforts by China to perk up its slowing economy

Formula One racer Daniel Ricciardo was released by Red Bull Racing on Thursday, and it was announced that Liam Lawson will immediately slip into the driver’s seat, replacing him on the team.

Swedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service into physical retail stores.

Subscribe to enjoy similar stories. Alternative energy is exploding—literally. Lithium battery fires are breaking out on highways and in factories, home garages and storage rooms.

Australia has urged an estimated 15,000 of its citizens living in Lebanon to leave, flagging a risk Beirut airport may close and the difficulty of evacuating large numbers if the situation worsens. Israel widened its airstrikes in Lebanon on Wednesday and at least 72 people were killed, and Israel's military chief said a ground assault was possible. Britain is moving troops to Cyprus, joining two Royal Navy ships already there, to be in a position to help evacuate nationals trapped in Lebanon. Australian Prime Minister Anthony Albanese said his government had made contingency plans that could include evacuations by water, but declined to give details.

workplace becomes increasingly digital, a new study has found that more than a third of the workforce is losing over 40 hours a year trying to decode and interpret what their colleagues are trying to say, essentially equating to a full work week lost. Atlassian, a provider of team collaboration software, surveyed 10,000 knowledge workers across India, US, Australia, Germany and France, for research, which highlighted the hidden costs of miscommunication in today's digital-first work environment. «This is what we call ‘emotional overhead’, the wasted time and emotional turmoil caused by unclear or ambiguous communication, and poses a serious challenge for businesses. In the time that knowledge workers are wondering what their colleagues mean to say or what their manager wants from them, they could be doing mission-critical work,» said Molly Sands, head of Teamwork Lab, Atlassian.

Australian Treasurer Jim Chalmers will become the first government minister from Australia in that key economic role to visit China in seven years

Shares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading