(SYDNEY, AUSTRALIA) – Australian shares closed out their worst week since April. Financial stocks dipped and miners fell. The energy sector slipped on Friday but still gained 2.8 percent for the week on the back of strong oil prices. Hopes for a deal to reopen the Strait of Hormuz faded.Continue Reading
(SYDNEY, AUSTRALIA) – Australian investigators are examining a third safety incident at Sydney Airport in less than three weeks after a Virgin Australia plane was forced to abort its take-off when a Qantas aircraft crossed the same runway. The Australian Transport Safety Bureau said it is investigating a runway incursionContinue Reading
(SYDNEY, AUSTRALIA) – The Australian sharemarket closed lower on Thursday as falls in major companies including Commonwealth Bank, Rio Tinto and Telstra outweighed gains elsewhere. The S&P/ASX 200 lost 20.90 points, or 0.2%, to close at 9188.50. Six of the 11 industry sectors finished in the red. The index trimmedContinue Reading
(SYDNEY, AUSTRALIA) – Telstra chief executive Vicki Brady has accepted personal responsibility for the national Triple Zero outage in July 2026, after the company’s board cut 607,000 Australian dollars (about 397,000 US dollars, or roughly 312,000 British pounds) from her short term bonus. Brady spoke as Telstra delivered its annualContinue Reading
(SYDNEY, Australia) – Australian exporters face a 12.5 percent tariff on goods entering the United States, replacing a previous 10 percent import duty. The increase adds an estimated A$1.5 billion (US$970 million, £760 million) in annual costs for Australian businesses selling into the American market. The new rate replaces aContinue Reading
(BRISBANE, Australia) – A suspected case of H5 avian influenza has been detected in a wild seabird on Moreton Island, off the coast of Queensland. A dead petrel was found washed up on the island’s eastern shore on Saturday. Initial testing at a local laboratory returned a positive result forContinue Reading
(NEW SOUTH WALES) – A volunteer network providing free air and ground transport to medical appointments across regional Australia has facilitated about 70,000 flights for patients in New South Wales alone. The service, Angel Flight, connects people in remote areas with specialist treatment in cities, removing the burden of longContinue Reading
(SYDNEY, AUSTRALIA) – Former Qantas chief executive Alan Joyce has expressed regret over the airline’s recovery from the COVID-19 pandemic, while defending the decisions that kept the company solvent during the crisis. Joyce made the comments ahead of the release of his autobiography, “Alan Joyce: Riding the Jet Stream”, speakingContinue Reading
(SAN FRANCISCO, USA) – A widespread service disruption hit ChatGPT on Friday, affecting users across multiple continents and blocking access to conversations and chat history. The outage was recorded by monitoring service Downdetector and confirmed by OpenAI on its own status page. OpenAI reported raised error levels across ChatGPT, itsContinue Reading
