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Tech mogul Elon Musk has attacked the Australian government over proposed laws that would fine social media giants for failing to stem the spread of misinformation

Australian Court Upholds AU$610,500 Fine Against X For Ignoring Child Abuse Prevention Inquiry

In 2023, the eSafety Commissioner had issued the AU$610,500 fine for failing to effectively respond to questions regarding harmful content involving children on its platform.

Origin Energy Withdraws From Australia's Green Hydrogen Project, Citing High Production Costs
"It has become clear that the hydrogen market is developing more slowly than anticipated, and there remain risks and both input cost and technology advancements to overcome," Origin chief executive Frank Calabria said.
ANZ To Pay AU$85 Million In Settlement Over Alleged Predatory Car Loan Practices
Law firm Maurice Blackburn brought triple class action claims against ANZ, Westpac, St George Finance, and Macquarie Leasing over alleged exploitation of flex commission arrangements, which were banned in 2018.
Australia's Parliament House Raided By Anti-Corruption Agency In Connection To DPS Probe
"The commission can confirm it carried out operational activity today at Parliament House," the NACC spokesperson said in a statement. "This was in relation to an ongoing investigation."
Israel Bombards Beirut After Deadliest West Bank Strike In Decades
Israel bombarded south Beirut at least 10 times late Thursday, Lebanese sources said, after it launched its deadliest strike on the occupied West Bank in decades.

Climate Change, Economics Muddy West's Drive To Curb Chinese EVs

China's meteoric rise as the world's powerhouse of electric vehicle production makes Western efforts to curb their exports a tough sell -- and means they could even stifle the fight against climate change, analysts warn.

WAR IN UKRAINE

Hundreds of miners sent their families away while they keep working in areas under fire

'A Man Provides': Ukrainian Miners Send Families Away As Russia Advances

Yury Kozynets embraced his wife Alyona Gladkaya in front of the evacuation bus, just before it separated them, whisking her away from the under-fire Ukrainian city of Pokrovsk.

Economy in Focus

US Hiring Soars Past Expectations In Sign Of Resilient Market
Hiring in the United States picked up significantly more than expected in September while the jobless rate crept lower, according to government data released Friday, offering relief to policymakers ahead of November's election.
US Private Sector Adds More Jobs Than Expected In September: ADP
OpenAI Secures $6.6 Billion In New Funding At $157 Billion Valuation

More News

IMF Warns Australia Of Rising Inflation Risks, Urges Government To Cut Spending
The IMF noted in its statement that the Australian economy will likely experience a moderate slowdown in 2024, with a growth rate of 1.2%. The scenario will probably improve in 2025, with the growth rate jumping to 2.1% straight.

AI Bubble Or 'Revolution'? OpenAI's Big Payday Fuels Debate

Fear of missing out has rocketed the value of artificial intelligence companies, despite few signs as to when the technology will turn a profit, raising talk of AI overenthusiasm.