Australia Financial News

Amazon Prime Video has started production on its new series, "The Assassin," featuring Keeley Hawes and Freddie Highmore. The six-episode thriller is currently filming in Greece and promises to deliver an engaging storyline with a mother-son duo at its core.

Air India on Thursday announced that it will temporarily operate additional flights to Kolkata from four Indian cities to meet greater travel demand to the city during the upcoming Durga Puja festivities. Starting 20 September 2024, Air India will operate daily, non-stop flights to Kolkata from Bengaluru and Hyderabad for nearly a month. The airline has also increased frequency to Kolkata from Delhi effective 15 August 2024, and from Mumbai effective 25 September 2024.

Madhapur, a village on the outskirts of Bhuj in Gujarat, is dubbed 'Asia's richest village.' With a population of around 32,000, up from 17,000 in 2011, its residents hold fixed deposits worth Rs 7,000 crore. The village's prosperity is attributed to its NRI (non-resident Indian) families who deposit crores every year in local banks and post offices. Madhapur is home to the Patel community and boasts 17 banks, including major public and private banks like HDFC Bank, SBI, PNB, Axis Bank, ICICI Bank, and Union Bank. This is unusual for a single village, but more banks are interested in opening branches here. The significant deposits are primarily from families who live abroad, particularly in African countries where Gujaratis dominate the construction business. Many residents also reside in the UK, Australia, America, and New Zealand.

right to disconnect." The law, which passed in February, protects employees who refuse to monitor, read or respond to contact from their employers outside work hours. Similar laws giving employees a right to switch off their mobile devices are already in place in France, Germany and other countries in the European Union.

Editor’s note (June 20th 2024): The Supreme Court has ruled in Moore v United States, upholding the tax at issue (the “mandatory repatriation tax"). The court declined to weigh in on the constitutionality of a tax on unrealised gains. The rich are different from other people. They have more money and, in most places, they pay much less tax.

Google and Australia's national science agency said they will work together to develop software that automatically detects and fixes network vulnerabilities for operators of critical infrastructure, seeking to contend with a surge in cyberattacks. The software for organisations such as hospitals, defence bodies and energy suppliers will be customised to be in line with Australia's regulatory environment. «Software supply chain vulnerabilities are a global issue, and Australia has led the way in legislative measures to control and combat the risks,» said Stefan Avgoustakis, head of security practice for Google Cloud in Australia and New Zealand.

Federal Reserve and the Bank of Japan that will help define the global rates trajectory. The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose. That came after the S&P 500 and Nasdaq 100 indexes advanced on further signs the Fed will cut interest rates.

Fed Chair Powell's speech in the Jackson Hole Symposium on Friday will be a key event to watch out for. «Hopes are running high for rate cuts in the September meeting followed by more rate cuts in subsequent meetings. The market thus is likely to consolidate this week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

An ambitious plan to build a massive solar farm in remote northern Australia to transmit energy by a submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the $19 billion project on Wednesday

Australia on Wednesday approved plans for a massive solar and battery farm that would export energy to Singapore, a project dubbed the «largest solar precinct in the world». Authorities announced environmental approvals for the US$24 billion SunCable project in Australia's remote north that is slated to power three million homes. The project, which will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes.

Boeing is suffering setbacks on one of its planes that's already in use and on a new model of its popular 777 jetliner

Raygun, also known as Rachael Gunn, was under heavy criticism recently following her Olympic performances in Paris. Australian university lecturer, 36, participated in the breaking (breakdancing) competition, but her outrageous performance choices and manner drew a lot of criticism. Her routines, which included moves like the sprinkler and kangaroo-inspired hops, were heavily criticized online. This reaction had significant effects on the small but passionate hip-hop community in Australia, as per the reports of Yahoo sports. Within the Australian breaking scene, the backlash against Raygun caused a stir. Many thought her performance fell short of the high expectations they have for someone performing on such a big stage. Australian hip-hop pioneer Spice said that the unfavorable press appeared to be pushing their local scene back and questioned the expectations for Olympic representation. In spite of the criticism, several in the community stood up for Raygun, saying that any objective assessment of her work was eclipsed by the harsh criticism coming from all around the world.

Indonesia and Australia on Tuesday finalised a new bilateral defence treaty that will enhance the neighbouring nations' ability to operate their militaries in each other's territory. The agreement was reached as Indonesian president-elect Prabowo Subianto, who also serves as defense minister, met with Australian officials at the country's Parliament earlier Tuesday. The bilateral relationship is becoming increasingly important to Australians in face of growing tensions with China. New Australian prime ministers typically make Jakarta one of their first overseas destinations. The pact will be signed within days, when Australian Defence Minister Richard Marles visits Jakarta.

Asian stocks rose, following a buoyant session on Wall Street amid bets the Federal Reserve will soon signal it’s ready to start cutting interest rates. Shares advanced in Japan, South Korea and Australia. The MSCI Asia-Pacific index headed for a third day of gains while Hong Kong futures also pointed to a rise. The advance was fueled by a bullish mood in the US, where the S&P 500 climbed for an eighth straight day — the longest winning streak this year.

Buckingham Palace was received in February. It took the world by surprise that King Charles had cancer and would be taking time off from public duties to receive treatment. However, in an uncanny happening, he is now deemed fit enough for a royal tour to Australia and Samoa, merely six months after the announcement. He has been upfront and honest about his prostate issue but is unlikely to disclose the specific type of cancer he is diagnosed with, according to The Sun. His goal, according to them, is to «reach out and embrace as many people impacted by cancer as he can.» The King was driven to disclose his cancer diagnosis in the hopes that the public's overwhelming support for him after he disclosed that he had undergone a prostate procedure and the substantial awareness it garnered would occur this time as well. From the beginning, courtiers have made it apparent that there would be no frequent updates on the monarch's health and recuperation, except for any significant developments required to be made public. Also Read: US Open 2024: When and where to watch live on TV and streaming in US and UK

Cricket in India (BCCI) secretary Jay Shah said that the decision on pacer Mohammed Shami's participation in the Border-Gavaskar Trophy away from home later this year will be taken after the report from National Cricket Academy (NCA). India fast bowler Mohammed Shami is making significant strides in his recovery from an ankle injury that has kept him out of cricket since the ODI World Cup last November. The expectation is that he will be ready to participate in India's home season, starting with a Test series against Bangladesh in September. Shami is currently in the final stages of his rehabilitation at the National Cricket Academy (NCA) in Bengaluru. He resumed bowling last month for the first time since his surgery and has been gradually increasing his bowling workload, reporting no pain.

My feed of Instagram reels and YouTube shorts is full of videos featuring financial influencers(finfluencer) telling the world at large that it is easy make quick money from the stock market. Recently, I came across a video in which a 13-year old claimed to be the world’s youngest successful options trader on an influencer’s YouTube channel, saying that she earned “36-40%" annually from options trading.

trade war between the world's two largest economies, Easy Signs would now be hiring dozens of workers at its factory in Allentown, Pennsylvania. It would be readying plans to build a second plant somewhere out West — Salt Lake City was a contender — generating another 100 jobs. Based in Australia, Easy Signs manufactures banners and marketing installations for corporate events, using huge printers to press logos and slogans onto rolls of cloth. Its American business has been growing 70% a year. Still, the company is putting off an expansion. Its cloth signs are displayed on aluminum stands made in China. Those products are now subject to a series of tariffs reaching as high as 365% under a policy set in motion by former President Donald Trump and continued by the Biden administration in the name of protecting American industry from Chinese government subsidies.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

fuel has provoked no end of excitement. From the deserts of Australia and Namibia to the wind-blasted straits of Patagonia, companies and governments worldwide plan to build almost 1,600 plants to make it. The gas can be produced cleanly by using wind- or solar-powered electricity in a process that splits the molecule from water. There’s only one problem: The vast majority of those projects don’t have a single customer stepping up to buy the fuel. Among the handful with some kind of fuel purchase agreement, most have vague, nonbinding arrangements that can be quietly discarded if the potential buyers back out. As a result, many of the projects now touted with great fanfare by countries vying to become “the Saudi Arabia of hydrogen” will likely never get built. Just 12% of hydrogen plants considered low-carbon because they avoid natural gas or mitigate emissions have customers with agreements to use the fuel, according to BloombergNEF. The media could not be loaded, either because the server or network failed or because the format is not supported.

Josh Hazlewood, Australia's premium fast bowler, acknowledged that Australia's recent results against India have been a significant gap in their record. The first Test of the series between Australia and India will be played at the Optus Stadium, Perth from November 22. «There are quite a few players who have never beaten India in a Test series. It's quite astounding to say that,» Hazlewood was quoted by ESPNcricinfo.