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World news
Which companies are pulling out of Russia?
March 23, 2022 01:59 PM AEDT| By Toshiva JainHighlights The primary reason for companies leaving Russia is the sanctions put by the western allies and the rest of the world against Russia in solidarity with Ukraine. Following these sanctions, companies are leaving because of reputational,.....
Shippit acquires fellow logistics tech company Premonition
March 22, 2022 04:31 PM AEDT| By Sonal GoyalHighlights Shippit has acquired Premonition, a logistics technology company. With the acquisition of Premonition, Shippit would be able to take advantage of the booming online shopping business. Shippit has recently upgraded its mission to ach...
India-Australia trade deal soon: All you need to know
March 22, 2022 02:27 PM AEDT| By Akanksha VashishtHighlights India and Australia are expected to conclude an early harvest trade deal by the end of this month. Both countries are looking to reduce their reliance on China by establishing a direct trade channel between them. The upcoming interi.....
Aussie travel sector gets funding boost; Hong Kong lifts flight ban
March 21, 2022 09:13 PM AEDT| By Akanksha VashishtHighlights Australia’s travel sector certainly needs a rebound after being isolated from the world for over two years. Good news awaits travel-hungry Aussies as Hong Kong lifts its ban on Australian tourists. The Australian governm.....
Crypto laws on horizon as Morrison Government seeks market feedbacks
March 21, 2022 05:18 PM AEDT| By Priyanka PayalHighlights Morrison government is planning to regulate digital assets, including cryptocurrency and has sought feedback from businesses and individuals on the same. The decision has been taken to ensure crypto investors' safety and security, in.....
Does Australia have sanctions against Russia?
March 21, 2022 04:31 PM AEDT| By Akanksha VashishtAustralia seems to have joined the movement in support of Ukraine while placing sanctions on Russia as a punitive measure. Utilising its sanctions mechanism, Australia has recently decided to ban all exports of alumina and bauxite to Russia. The co.....
Queensland Govt announces AU$55M package to boost EV purchase
March 18, 2022 06:00 AM AEDT| By SamtaHighlights Queenslanders will now get a subsidy of AU$3000 on buying EV to the value of AU$58,000. The QLD government will build new charging stations under the new zero-emission strategy. Queensland aims to meet its net-zero commitment .....
Australia to host nuclear-powered submarines under AUKUS
March 18, 2022 05:00 AM AEDT| By SamtaHighlights The Australian government will host nuclear-powered submarines from the UK and the US under the AUKUS partnership. AUKUS was formed between Australia, the UK and the US in 2021. The move can provide two nuclear powers be.....
ACCC initiates court proceedings against Facebook owner Meta
March 18, 2022 01:54 AM AEDT| By Priyanka PayalHighlights ACCC has started proceedings against Facebook parent company Meta Platforms for allegedly engaging in misleading conduct to promote cryptocurrency investment. The consumer watchdog has alleged that Meta had engaged in deceptive.....
Australia’s Mushroom to enter global music space with Virgin Music
March 17, 2022 10:10 PM AEDT| By SamtaHighlights Australian independent music label, Mushroom Group and US-based Virgin Music have announced a ‘multi-layered’ global partnership. Universal’s Virgin Music will support Mushroom artists in getting a global recog.....
Linktree raises US$110M, hits the unicorn territory!
March 17, 2022 03:54 PM AEDT| By SamtaHighlights Australian startup, Linktree, has raised US$110 million. Now the company has a valuation of worth US$1.3 billion. Linktree now hopes to start its recruitment drive in Australia. Australian ‘link-in-bio’ .....
Hostplus, Octopus Australia & CEFC to back energy park in Gippsland
March 16, 2022 08:52 PM AEDT| By Aditi SahaHighlights A partnership between Octopus Australia and the CEFC, to build renewable energy assets, has received the backing of Hostplus to construct a large-scale clean energy park in Gippsland. The 3000-hectare GREP site lies within the propos.....
How latest COVID-19 lockdown in China can cause trade disruption
March 16, 2022 08:23 PM AEDT| By Akanksha VashishtHighlights China is observing a surge in Omicron cases, which can hamper international businesses dependent on the country. The country is imposing strict restrictions followed by mass testing and quarantine facilities. The number of companies.....
How biotechnology can help amid high food inflation
March 16, 2022 08:15 PM AEDT| By Aditi SarkarHighlights Global food prices have rocketed to hover near the levels reached during the global food crises of 2007-08 and 2010-11 Genetic modification of crops could be a potential solution for increasing crop yield Plant tissue culture .....
Govt may mandate parental controls in smartphones to boost online safety
March 16, 2022 07:15 PM AEDT| By Aditi SahaHighlights The Australian government intends to put technology giants under the microscope to alleviate parents' concerns over online safety. Prime Minister Scott Morrison, in December 2021, had stated that concern regarding online safety of ch.....
Condev Construction to liquidate, joins Probuild in a collapsing industry
March 16, 2022 07:11 PM AEDT| By Sukriti NairHighlights Gold coast-based builder, Condev Construction, is planning liquidation. Construction giant Condev joins Probuild in an already collapsing industry. Labour shortage, disrupted supply chain and low pricing is weighing heavy on the ind.....
COVID-19: What’s the buzz around fourth booster jab?
March 15, 2022 09:23 PM AEDT| By Akanksha VashishtHighlights Pfizer CEO Albert Bourla stated that a fourth COVID-19 booster dose would be necessary to curtail the spread of infections. In the US, individuals will need a third primary shot that will have to be administered at least 28 day.....
Australia pledges AU$700 million in aid to flood victims
March 14, 2022 07:16 PM AEDT| By Aditi SahaHighlights A few major parts of Australia are struggling from catastrophic flooding and are seeing widespread destruction due to week-long torrential downpours. Over half a million applications for the government's disaster recovery payme.....
Victoria to issue AU$200 travel vouchers to bolster tourism sector
March 14, 2022 06:59 PM AEDT| By Aditi SahaHighlights The Victorian government has announced the issuance of 150,000 travel vouchers to stimulate tourism expenditure. Government's initiative to offer these travel vouchers is part of an AU$200 million business stimulus package to generat.....
Millions of Aussies to receive cash boost amid rising inflation
March 14, 2022 05:17 PM AEDT| By SamtaHighlights The Australian Federal Government is seeking to help the Aussies keep up with the rising cost of living. Nearly 5 million Australians will benefit from a boost to their social security payments. The 2.1% boost in pension.....
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