Australia Financial News

Majority owned by media tycoon Rupert Murdoch's News Corp, the REA board said that the takeover would «represent a highly attractive investment opportunity for both REA and Rightmove shareholders» in a statement released today (2 September). The deal, which would be a possible cash and share offer for Rightmove's entire issued share capital, would see REA become the largest property company in both Australia and the UK Nick Train adds to Rightmove as long-term holdings Burberry and Remy Cointreau struggle REA, which is valued at over AU$28.9bn (more than £14.9bn) according to Marke...

Asian shares are mixed in cautious trading ahead of the Labor Day holiday in the U.S., when stock exchanges will be closed

Jannik Sinner avoided the fate of his top rivals, reaching the fourth round of the U.S. Open while fellow top seed Iga Swiatek gained momentum in her quest for a sixth Grand Slam title after a pep talk from Serena Williams on Saturday. With defending champion Novak Djokovic forced out by a shock loss to Alexei Popyrin in the third round on Friday and another title contender, Carlos Alcaraz, sent crashing by Botic van de Zandschulp in round two a day earlier, all eyes were on Sinner. The Italian, who has managed the intense scrutiny following a doping controversy in the build-up to the tournament, thumped Christopher O'Connell 6-1 6-4 6-2 to underline his credentials as the outright favourite at the year's final major.

«This is the first time independent India has seen such impetus or focus on developing infrastructure, both from the government and the private sector, such as road network, improvement of stations, world class airports, sports stadiums, convention centers,» said Mandeep Lamba, president and CEO, South Asia, HVS Anarock, while moderating the session. Tourism in India grew 300% YoY in 2023, said MakeMyTrip executive officer Rajesh Magow. «We have to create awareness and change the perception of the country, because people (tourists) also worry about security and safety.» Tourism in India is only at 85% of what it was in 2019 before the Covid pandemic hit, he said.

mosquito-borne disease caused by the Triple E virus, also known as the eastern equine encephalitis (EEE) virus. Recently, a US resident died after being hospitalized with eastern equine encephalitis, with cases also detected in other states. This year marked the first recorded death due to the virus, involving a 41-year-old individual from New Hampshire. But what is eastern equine encephalitis? How is it spread? What role do horses play? And is it a concern for Australia?

GOAT’ (short for ‘Greatest Of All Time’) could become the highest-grossing film in the Tamil film industry. The much-anticipated Thalapathy Vijay-starrer is predicted to set the cash registers ringing if reports are to be believed. As per a Cinetrak report, GOAT has already earned over $1 million in pre-sales for its opening day across international markets. A significant portion of this revenue comes from North America, where the film has generated around $460,000 from the USA and Canada alone. Anticipation is high, and the film is expected to cross the $1 million mark in the USA even before its official release. Vijay's movie is also performing strongly in the UK and Australia, with each region contributing $130,000 to the overall pre-sales.

Yuki Bhambri and Albano Olivetti advanced to the men's doubles third round of the US Open with a hard-fought win over 15th seeds Austin Krajicek and Jean-Julien Roger here. The Indo-French pair defeated the USA-Dutch team 4-6 6-3 7-5 in the second round that lasted two hours and five minutes on Friday. This is only the second time that Bhambri has reached the third round at a Grand Slam, having reached the same stage at the Australian Open back in 2014. Second seeds Rohan Bopanna and Matthew Ebden also moved to third round with a 6-2 6-4 win over Spain's Roberto Carballes Baena and Federico Coria from Argentina.

Novak Djokovic slumped to his earliest exit at the US Open in 18 years on Friday as a four-set, third round defeat to Alexei Popyrin sparked more questions over his long term future in the sport. The 37-year-old Djokovic, a four-time champion in New York, lost 6-4, 6-4, 2-6, 6-4 to the 28th-ranked Australian, leaving him frustratingly short once again of winning a record 25th Grand Slam title. His defeat, which saw him hit an uncharacteristic 14 double faults and commit 49 unforced errors, means that for the first time since 2017 he will end the season without a Grand Slam title.

Fire Country Season 3 is set to return on October 18 at 9 PM ET/PT on CBS. Fans can also stream it on Paramount Plus.

Global shares are mostly higher as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies

The Economist has adjusted SIPRI’s estimates for military purchasing-power parity (PPP), with help from Peter Robertson, a researcher at the University of Western Australia. This makes defence budgets comparable with America’s: pay is adjusted for wage differences and operating costs for general price levels. (Equipment costs are left the same, as much of the kit is imported, and its relative quality is hard to judge.) The adjustments show that Ukraine’s budget increases (though not its total budget) will stretch further than Russia’s, for example, even though its budget grew at a slightly slower rate in nominal terms (see chart 1).

economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for European Central Bank easing.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Asian shares are mostly lower as market attention turns to upcoming data on the U.S. economy after Nvidia reported its financial results

dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index — the Federal Reserve's preferred measure of inflation — headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly rangebound.

Executives with military shipbuilder Austal say settling an accounting fraud investigation is the best outcome for the company and that new financial controls have been put in place

Look at almost any movie theater marquee right now and you’ll probably see not just new titles but a smattering of older films, too

Canada’s Flair Airlines Ltd. is in talks to raise funds that would help ease the debt burden at the budget carrier beset by aircraft repossessions, back taxes and a financial backer accused of fraud.

SP Jain Group has acquired California Miramar University (CMU), which will allow the group that runs business schools to offer artificial intelligence-related master’s and bachelor’s programmes to global students. The process to acquire the university had started in November last year and the all-cash deal is now through, SP Jain Group president Nitish Jain told ET over a virtual interaction. With the acquisition, the group now has access not only to AI courses and learning tools but also the US market, he said. The group has six campuses: Dubai (opened in 2004), Singapore (2005), Sydney (2012), Mumbai (2015), London (2023), and now CMU in San Jose, California. The group primarily has two flagship programmes: master of global business and executive MBA.

Virat Kohli moved up two rungs to eighth place while his captain Rohit Sharma dropped a spot to sixth in the latest ICC Test rankings released here on Wednesday. Joining Rohit and Kohli in the top 10 is young Yashasvi Jaiswal, who has moved up a spot to seventh. Veteran England batter Joe Root maintained his place as the top ranked Test batter in the world following their success in the opening Test against Sri Lanka in Manchester. But Root's teammate Harry Brook has made a massive jump on the back of scores of 56 and 32 during that Old Trafford contest.

digital real estate advertising company REA group, which is launching its first India global capability centre (GCC) in October, plans to increase its India headcount to 10% of its global workforce in the next two years, said Steve Maidment, chief technology officer at the firm. REA group, which also owns prop tech firms like Housing.com, Makaan.com and PropTiger.com in India though REA India, is setting up the new innovation centre in Gurugram cyber city. «Our aim is to unlock the extensive Indian talent in data, cloud, AI and product development to build products for our users in Australia. REA cyber city teams will work directly with Australian teams on the group's leading products and platforms to shape and deliver experiences for millions of consumers every day across all stages of the property journey», Maidment told ET.