Australia Financial News

The Food Safety and Standards Authority of India conducted inspections, sampling and testing of mixed spice blends after Hong Kong suspended sales of some blends of the MDH and Everest brands in April over high levels of a pesticide. Britain then tightened controls on all spice imports from India, while New Zealand, the United States and Australia have said they were looking into issues related to the brands.

Cricket Council (ICC) announced the match schedule on Sunday for the upcoming ICC U19 Women's T20 World Cup 2025 in Malaysia. Sixteen teams from around the world will take part in the 41-match event where the future stars of women's cricket will announce themselves over 15 days of competition from 18 January to 2 February 2025. Over and above these exciting matches will be 16 warm-up fixtures played from 13 to 16 January, in preparation for the main event, as per the ICC. The second edition of this exciting tournament comes on the back of a successful inauguration in South Africa in 2023 where India beat England by seven wickets in a thrilling final to be crowned the first-ever winners. It will also be the hosts, Malaysia's first appearance in the U19 Women's T20 World Cup as well as Samoa's first appearance in an ICC World Cup event.

Rugby Championship at Auckland's Eden Park on Saturday to avenge last week's shock loss to the Pumas in Wellington. Damian McKenzie, skipper Ardie Savea, Caleb Clarke, Will Jordan and Beauden Barrett all crossed to give the All Blacks a 35-3 lead at halftime despite teeming rain and strong winds at the spiritual home of New Zealand rugby. Jordan added his second try soon after the break to drive home the advantage but the Pumas managed to stem the flood of tries before scoring one of their own through Juan Cruz Mallia in the 72nd minute.

Officials in China say BMW is recalling more than 1.3 million vehicles that may have Takata airbag inflators following a similar recall in the U.S. last month

Reserve Bank of India (RBI) has approved the appointment of former State Bank of India (SBI) deputy managing director (DMD) Salee Sukumaran Nair for a three year term, the bank in a stock market notice. Nair retired from SBI as DMD and chief credit officer (CCO) as recently as May this year. He takes over from S Krishnan who had resigned in September 2023 just a week after the bank wrongly credited Rs 9,000 crore to a Chennai cab driver. Krishnan was asked to continue till a replacement was found even as there was a lot of too and fro for contenders between the bank and the RBI.

India-EU trade mustn’t stumble on digital sovereignty "The EU is advocating for stronger intellectual property protections, which India is cautious about due to concerns over generic medicines. Additionally, the EU is pressing for sustainability and labour standards in the agreement, but India is worried about their impact on its domestic regulations and industries," said trade analyst Ajay Srivastava, who is the founder of Global Trade Research Initiative (GTRI), a think tank.

Here's breaking down the pre-market actions:

recession concerns, fueling a rally in stocks and sending bonds tumbling. Equity benchmarks in Japan climbed over 2% at the open, while shares in Australia increased alongside those in South Korea. US futures contracts edged higher after the S&P 500 and tech-heavy Nasdaq 100 both rose, as retail sales data beat estimates and jobless claims hit the lowest since early July.

Airtel and the sale of some capital assets by associate Globe Telecom. Singtel's net profit rose 42.9% to S$690 million in the first quarter ended June 30 from S$483 million a year ago, Southeast Asia's largest telecom provider said on Thursday. The exceptional gain came as Singtel reduced its effective stake in Airtel to 28.7% from 28.9%.

Ricky Ponting reckoned that Joe Root could surpass batting legend Sachin Tendulkar's tally of runs in Test cricket, provided the England batting mainstay stays 'hungry' and keeps scoring at a consistent rate for the next four years. Root became only the seventh batter in the history of the conventional format to cross the 12,000-run mark — a feat he achieved recently during the Edgbaston Test against the West Indies. With 12,027 runs in 143 Tests at 50.11 with 32 centuries and 63 fifties so far, Root is also overall the seventh highest run-scorer in Tests and could overtake Sri Lanka's Kumar Sangakkara (12,400 runs) and his former teammate Alastair Cook (12,472) soon. Tendulkar leads the table with 15921 runs from 200 Tests.

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BCCI secretary Jay Shah on Wednesday visited TOI’s Mumbai office for an interaction. Apart from announcing former South Africa pacer Morne Morkel as team India’s new bowling coach, he also said that the board was not in favour of hosting pink ball tests because “they end in a couple of days.” «You buy a ticket for a five-day match, but the game ends in 2-3 days… There is no refund. I am slightly emotional about this,» Shah said on day-night Test matches.

SpaceX is aiming to break new barriers in polar exploration with the first manned space mission over the Earth's poles — a private flight commanded by a crypto entrepreneur later this year, the company said Tuesday. The mission, dubbed «Fram2» after a 19th century polar expedition schooner, is due to last between three to five days, and was purchased by Chun Wang, a wealthy bitcoin pioneer who founded f2pool and stakefish, for an undisclosed amount. He will be joined by three polar experts: Norwegian filmmaker Jannicke Mikkelsen, German robotics researcher Rabea Rogge, and Australian polar adventurer Eric Philips.

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helicopters and crashed into the rooftop of a Hilton hotel in Australia. Hours before the crash, he had attended a party thrown on his behalf celebrating a promotion, his company said.The incident occurred in the early hours of Monday morning in the popular tourist city of Cairns, a coastal town near Australia’s Great Barrier Reef.

Peloton Interactive to give its premium users access to the exercise equipment maker's fitness content, starting early September, the companies said on Tuesday. As part of the deal, Fitbit premium members based in the U.S., UK, Canada and Australia would have access to Peloton's classes across categories, including pilates, running, boxing and cycling. Peloton members, on the other hand, would receive offers on Google Pixel watches and Fitbit Charge 6 devices.

Boeing has partnered with India's AI Engineering Services Ltd to provide overhaul services to the Indian Navy's fleet of 12 P-8I maritime surveillance aircraft. As part of the partnership, the first landing gear overhaul of a P-8I aircraft was recently completed at naval base INS Rajali in Tamil Nadu, Boeing India said on Tuesday. «This is a first in India and reflects the growth in India's indigenous capabilities for undertaking complex Maintenance, Repair and Overhaul (MRO) services,» it said in a statement. The Boeing P-8I, a multi-role long-range maritime reconnaissance anti-submarine warfare (LRMR ASW) aircraft, is integral to the Indian Navy's maritime surveillance missions in the Indian Ocean.

cricket team batter Jemimah Rodrigues expressed her excitement about representing the country at the Los Angeles 2028 Olympics. Cricket is brought to the marquee event for the first time since 1900 and the decision to bring it back came last year. A two-day match took place between teams from Great Britain and France. Great Britain won the match by 158 runs. Cricket will return to the Olympic programme at LA 2028 after 128 years in the T20 format. In a post on Instagram, Jemimah wrote, «Loved wearing the current Indian Olympic jersey. Can't wait to play cricket for India at the Olympics soon! Man, what a feeling that'd be.»

Olympics reading the US, China, Japan, Australia, France, the Netherlands, Britain, South Korea, Italy and Germany, one is bound to ask: why do some countries fare better than others? Discussions usually attribute wins and losses to individual abilities, training and dedication. These factors are undoubtedly crucial. But there could be other determinants like economic prosperity. In each of the last three Summer and Winter Olympic Games, the top 10 medal-winning countries have been high-income countries based on World Bank's income-level classifications, with the exception of China (upper-middle income) in Tokyo 2020 Olympics, and OAR (Olympic Athletes from Russia — upper-middle income) in PyeongChang 2018 Winter Olympics. However, research has found a range of determinants beyond economic prosperity — team size, growth rate, expenditure on health, population, etc — to have a significant impact. We investigated the association between the total medal count for each country at the Beijing 2022 Olympics and their GDP per capita (PPP). A moderate positive relationship is observed with a correlation coefficient of 0.62.