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Tag: Australia

09Feb

Australian AI firm Firmus secures $10B debt deal led by Blackstone, Coatue

Australian artificial intelligence company Firmus said on Monday it had finalised a $10 billion debt funding package led by global private equity firm Blackstone and Coatue Management, a New York-based…
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28Jan

Australia wine exports drop 8% to A$2.34bn as global drinking slows

Canberra: The value of Australia's wine exports fell by 8% to A$2.34 billion ($1.6 billion) in 2025 as a global decline in drinking led to lower shipments to key markets…
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23Jan

Australia finance union slams ANZ over Suncorp Bank job cuts after sale approval

Australia's Finance Sector Union condemned ANZ Group's decision to cut jobs across multiple Suncorp Bank divisions on Thursday, saying the layoffs contradict the commitments it made to workers when the…
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22Jan

Australia jobs surge, unemployment hits 7-month low, rate hike bets jump

Sydney: Australia's jobless rate dropped to a seven-month low and employment figures blew past forecasts in December, prompting markets to now factor in a more than 50% chance of an…
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07Jan

Australia inflation cools in November, but sticky core keeps rate-hike fears alive

Sydney: Australian consumer prices rose by less than forecast in November, data showed on Wednesday, but core inflation showed enough stickiness that investors still saw a risk interest rates would…
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19Dec

Australia fines ANZ $165M for mishandling government bond deal, other misconduct

A Federal court has imposed a A$250 million ($165.25 million) penalty on lender ANZ Groupfor mishandling a A$14 billion government bond deal and other systemic failures that harmed taxpayers and…
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12Dec

Reddit Sues Australia to Overturn Child Social Media Ban

Message board website Reddit on Friday filed a lawsuit in Australia's highest court seeking to overturn the country's social media ban for children, calling it an intrusion on free political…
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10Dec

Australia becomes first country to ban social media for under-16s

Australia on Wednesday became the first country to ban social media for children under 16, blocking access in a move welcomed by many parents and child advocates but criticised by…
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03Dec

YouTube to comply with Australia Teen Social Media Ban, lock out users under 16

Google's YouTube shared a "disappointing update" to millions of Australian users and content creators on Wednesday, saying it will comply with a world-first teen social media ban by locking out…
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02Dec

Australia unveils AI adoption roadmap, sticks to existing laws for risk control

Australia on Tuesday unveiled a roadmap to ramp up the adoption of artificial intelligence across its economy but said it would rely on existing laws to manage emerging risks, stepping…
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