International Business Times AU

Top Story

Home Affairs Minister Tony Burke Warns Migration Overhaul Carries Economic Risks As Backpacker Caps Trigger Food Price Warnings

Home Affairs Minister Tony Burke says lowering net overseas migration will create economic trade-offs, with farmers warning that limits on working holidaymakers could worsen labour shortages and raise food prices.

Gene-Silencing Biopesticides Could Transform Australia's $50 Billion Cropping Industry, Researchers Say
Tony Burke Unveils Labor's Long-Delayed Migration Overhaul Targeting Temporary Visas and Overstayers

Australia Considers Banning Smart Glasses In Government Buildings Over Espionage And Data Leak Risks
The Australian Government is reviewing restrictions on camera-equipped smart glasses in Commonwealth workplaces amid concerns about covert recordings, data leaks and potential espionage risks.
South Australian Filmmakers Offered Free Passes To Nation's Top Cinema Industry Convention On Gold Coast
The South Australian Film Corporation is offering four subsidised passes worth $1,440 each to eligible local filmmakers attending the Australian International Movie Convention on the Gold Coast.
Riot Platforms Shares Climb 3.81% As Its $9.1 Billion Anthropic Data Center Deal Keeps Steadily Paying Off
Riot Platforms shares gained as investors continued backing its shift into AI data centres, following a long-term Anthropic capacity agreement worth an estimated $9.1 billion.
Salesforce Shares Barely Budge As Investors Shrug Off Its Own Global Outage During Dreamforce Conference
Salesforce shares traded nearly flat after a global outage disrupted hundreds of customer instances during Dreamforce, as investors appeared to treat the technical failure as temporary.

Australia Lags Behind UK And Canada On Sovereign AI Capability As Funding And Compute Gaps Risk Foreign Reliance

Technology policy experts warn that Australia's limited investment in domestic supercomputing and reliance on foreign cloud platforms could undermine AI development, data sovereignty and national security.

Uber CEO Says 3,300 Layoffs Will Fund Cheaper Rides, But Similar Past Corporate Promises Have Fallen Flat

Uber CEO Dara Khosrowshahi says savings from 3,300 corporate layoffs will help reduce fares, but the company has provided no targets or timeline for lower prices.

Economy in Focus

Amazon Shares Slip Toward $252 As Sterling Bonds And Heavy AI Capex Test Investor Patience
Amazon's stock dips as it navigates a sterling bond sale, legal challenges, and increased capital spending driven by AI and AWS expansion, raising questions about future financial returns.
(VIDEO) 5 Things To Watch For As New CEO John Ternus Unveils Apple's Foldable IPhone Today In Cupertino Live
Nasdaq Slips As Oil Hits $100 On Iran Strikes, Apple's Ternus-Led Event Looms Wednesday In New York Trading

More News

Fewer Students Back Campus Violence After Kirk Killing, But Nearly One In Three Still Say It's OK
A recent survey by the Foundation for Individual Rights and Expression reveals a decline in student support for using violence to stop campus speech, though challenges in free expression persist.
Study Ties Weight Regain After Diet Pills To Higher Suicide-Thought Odds; Experts Caution On Cause
A South Korean study suggests a link between prescription weight-loss drugs and increased suicidal thoughts, especially in those who regain weight, highlighting the complex psychological effects of weight management.

Global Tech Stocks Tumble As AI Leaders' Slowdown Warnings Spook Investors From Tokyo To Wall Street

Technology stocks fell across global markets after leading AI executives backed a slower development pace, raising safety concerns and prompting investors to reassess lofty valuations.

World

Savannah Guthrie Thanks Allison Janney for Emmys Tribute as Nancy Guthrie Case Reaches Its Milestone Day 227

Savannah Guthrie thanked Allison Janney for highlighting the search for her missing mother, Nancy, as investigators continued pursuing leads more than seven months after her disappearance in Tucson.