Australia Financial News

Anglo American Plc will exit diamond, platinum and coal mining in a massive restructuring designed to fend off a £34 billion ($43 billion) takeover approach from rival BHP Group and turn the miner into a copper giant. Anglo's hand was forced by BHP's bid — which it has twice rejected — but the move also responds to pressure from shareholders to shed less profitable businesses and focus on the copper assets that are the envy of the industry. It leaves a much simpler company — though also a potentially more attractive one to suitors.

demand in the European Union, West Asia and the US has boosted export order books by at least 10% from six months before, companies said, signalling a possible recovery from last year. Leather goods, footwear, and apparel are driving demand but engineering goods shipments for new projects are facing a challenge due to geopolitical tensions, exporters said. «Overall, compared to the last six months, the order position has improved 15-20% for leather footwear especially from the US and partially Europe,» said Rafeeq Ahmed, chairman, Farida Group, one of India's largest shoe manufacturers and exporters. «The demand for non-leather footwear is also coming up.» India's total goods exports in FY24 fell 3.1% to $437 billion from $451 billion in the previous fiscal. Apparel exporters cited an increase of over 10% in orders starting February, mostly from the UK, US and the EU. «The decline in demand has slowed and there are obvious signs of improvement. Industry has an ambitious target of $20 billion apparel exports in FY25,» said Mithileshwar Thakur, secretary general, Apparel Export Promotion Council.

MasterChef Australia’s season four winner-turned-judge, teamed up with Mumbai chef Hussain Shahzad for a pop-up at O Pedro last weekend. Manifestation seems to be another constant in Allen’s life as he talks about how this collaborative effort reached fruition. “On my last trip to India, where I collaborated on a range of Australian flavours-inspired chocolates with the ITC brand Fabelle, I remember saying how much I wanted to do something with The Bombay Canteen guys.

BCCI secretary Jay Shah had clarified a few days ago that Rahul Dravid will have to apply for the post like any other application if he wants to continue coaching the Men in Blue. While there have been reports suggesting that Dravid may not be interested in another stint as head coach, a new name has just emerged in the race to take charge of India.

OKX, a world-leading digital asset exchange, has officially launched its operations in Australia, a year after it established an office in Sydney in May 2023.

An Australian judge has lifted a ban on the social media platform X showing Australians a video of a bishop being stabbed in a Sydney church

services platform Urban Company has clocked its maiden profit before tax (PBT) for the month of April this year, cofounder and chief executive Abhiraj Singh Bhal, said in a post on X, earlier known as Twitter, on Monday.

A mere 1% of financial advisors frequently engage in discussions about crypto with their clients due to concerns about potential legal liabilities and associated expenses if the investment goes awry.

₹176 ($2.1) per day, last updated in 2017, is one of the lowest in the Asia-Pacific region, surpassed by China’s $11.9, Vietnam $6.5 and even Bangladesh’s $3.7. Brazil’s minimum wage of $47 per day is closer to the figure in developed economies like Australia ($14.8 per hour), the UK ($14.1) and the US ($7.2). While India’s minimum wage remains unchanged, the government routinely updates its dearness allowance (DA) for central government employees.

Australian court on Monday rejected a bid by the country's cyber safety regulator to extend a temporary order for Elon Musk-owned X to block videos of the stabbing of an Assyrian church bishop, which authorities had called a terrorist attack.

Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its U.S. shipments rejected due to the presence of bacteria, a Reuters analysis of U.S. regulatory data found.

Rohit Sharma was seen out on the ground. He spoke with various KKR players and was once seen expressing his discontent with Mumbai Indians' performance in IPL 2024. A video is breaking the internet showing Rohit Sharma speaking with KKR's Abhishek Nayar about how things are changing in Mumbai Indians and how he can't do anything about it.

Bank of England sent its clearest signal yet that it was closing in on interest-rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead. The BOE governor made his comments after the UK central bank voted 7-2 to keep the base interest rate at 5.25%, a decision announced Thursday in London. He said recent inflation data have been “encouraging.” Meanwhile, price pressures in Brazil continued to ease, prompting the central bank to cut interest rates but at a slower pace.

The governor of New Mexico has announced plans to court new investments in hydrogen fuel development at a business summit in the Netherlands over the coming week

Air Vanuatu has filed for bankruptcy protection a day after it cancelled all international flights, stranding thousands of travelers

An Australian judge has extended a ban on social media platform X allowing videos of the stabbing of a Sydney bishop in his church last month after government lawyers condemned the company's free speech argument for keeping the graphic images circulating

Netflix has announced the renewal of the Australian coming-of-age comedy-drama 'Heartbreak High' for its third and final season. The show, a reboot of the 1994 series, has garnered a loyal following since its release, with its last season leaving viewers on a dramatic cliffhanger. Renewal

Best of the Week for nearly a year and a half, and yet we've rarely mused on cricket. The average Indian man, in my experience, is quite fond of the sport. He has an opinion about everything, especially on men's cricket—should Kohli reassume captaincy? Why didn't Tendulkar step down earlier? Will RCB ever provide any joy in life? As a kid, I too grew up playing cricket.

A post shared by Naveen ul haq Murid (@naveen_ul_haq) Naveen ul Haq's post came after Lucknow Super Giants' official handle on X (formerly Twitter) posted that they were hurt after that defeat against Sunrisers Hyderabad but expressed confidence in LSG's resilience and potential to make a comeback in the game. “We're all hurt by that game.

Mad Max franchise's fifth film Furiosa: A Mad Max Saga, is yet another post-apocalypse-based content designed by the creators George Miller and Byron Kennedy and will see a release in May this year. The first film in the Mad Max franchise began back in the year 1979 and saw three further films that include The Road Warrior, Mad Max Beyond Thunderdome, and Mad Max: Fury Road. Interestingly, Mad Max: Fury Road, also grabbed an Oscar after its blockbuster release, loved by fans of the franchise.

₹16,29,964) in savings, to be eligible for a student visa, which equals 75 per cent of the national minimum wage. “We will assess applications lodged before ​May 10, 2024, under the financial capacity requirements in effect at the time of application," the press release further noted.