World news

Novak Djokovic fighting to defend Australian Open legacy

Highlights  The Novak Djokovic situation has frankly been an embarrassment for Australia who had perhaps been determined to display their toug...

Australia to buy tanks and other armoured vehicles from US for A$3.5...

Highlights Australia is all set to upgrade the Country’s army fleet with the acquisition of over 120 tanks along with other armoured vehicles...

How can the metaverse change real-estate sector?

Highlights Property within the digital world is up for grabs, and investors are still speculating if the risk is worth taking. The metaverse is in...

What does European energy crisis mean for Australian energy players

 Highlights  Household energy bills in Europe spiked as much as 54% relative to the bills consumers paid in 2020. Gas prices in the regi...

What's panning out in Australian battery recycling space?

Highlights The demand for lithium-ion batteries has increased significantly, driven by rising vehicle electrification and growing focus on renewabl...

Global semiconductor shortage continues to hurt car buyers in 2022

Highlights  Due to ongoing supply chain disruptions and semiconductor shortages, new car buyers will have to suffer more in 2022. Covid-19...

Hong Kong’s Disneyland closes temporarily amid Covid-19 outbreak

Highlights Hong Kong’s Disneyland will remain close for at least two weeks amid the Covid-19 outbreak. Depending on the rising cases, the th...

Nasdaq tech stocks plunge 50% or more, echoing dot-com crash

On Thursday, a near-record number of US Nasdaq listed tech stocks plunged by 50% or more, echoing the dot-com crash. Around 4 in every 10 companies on...

APRA updates on aggregate Committed Liquidity Facility

Highlights APRA announced to reduce the aggregate Committed Liquidity Facility to AU$102 billion. The CLF scheduled on 1 January has occurred as p...

Toyota unseats General Motors to become top car seller in US

Highlights  Japanese Carmaker Toyota surpasses General Motors to grab the title of top car seller in the US. GM has said that its total sales...

Australian flights banned in Hong Kong amidst COVID-19 concerns

Highlights Hong Kong has banned inbound flights from Australia and eight other countries. The ban has emerged as a new challenge for Australian Ai...

Why AdBlue prices are on rise?

Highlights Prices of AdBlue have quadrupled and is a significant cause of concern for the logistics and supply chain. It has been estimated that A...

Australia cancels tennis player Novak Djokovic's visa

Highlights Novak Djokovic was not allowed to enter Australia as he could not fulfil the requirements to enter the country. Djokovic's Australian v...

Foresight acquires further 51% of two solar farms in Queensland

Highlights UK-based Foresight Solar Fund Ltd acquires the remaining 51% stakes in Australia’s Oakley and Longreach solar farms. The company...

Aussie auto sales surpass the million mark

Highlights Aussie demand for cars and trucks jumped over 14% last year. Sales of new automobiles in Australia have crossed one million. In 2022,...

Google acquires Israeli start up Siemplify to boost security

Highlights Google has bought Siemplify to boost its security operations. The acquisition follows the pledge taken by Alphabet Inc-owned Google in...

Will Australia and Japan’s military treaty emerge as a threat to Chi...

Highlights Australia's military fortunes are expected to shine brighter following the signing of a significant defence treaty between Australia and...

Australia in dire need of skilled, unskilled workers: NAB Report

Highlights Australia is facing the problem of acute labour shortage. Research by the banking giant National Australia Bank (NAB) indicates that ar...

Job ads tumble as Omicron fears lurk in the background

Rising job advertisements were hailed as one of the key forces behind buoyant expectations for the economy in 2022. After rising for two consecutive m...

Australia loses ‘unprecedented’ number of foreign diplomats in pande...

A 51-page incoming operational transient for Dfat’s (Department of Foreign Affairs and Trade) new secretary, Kathryn Campbell, reveals a fall in...