Category: Australia

Four injured, suspect detained following knife attack at supermarket in New Zealand

Four people were stabbed on Monday in a supermarket in Dunedin on New Zealand’s South Island, police said after detaining the man believed to have been responsible. Prime Minister Jacinda Ardern said the incident did not appear to be a terror-related attack, for which authorities have been on alert since 2019, when a white supremacist… Read More Four injured, suspect detained following knife attack at supermarket in New Zealand

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Facebook to pay local journalists $5million in newsletter deal

Facebook Inc on Thursday said it will give $5 million to pay local journalists in multiyear deals as part of its new publishing platform to help independent writers attract an audience and make money through the social media network. The move is part of Facebook’s answer to the trend of email newsletters, led by platforms… Read More Facebook to pay local journalists $5million in newsletter deal

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U.S. to ease travel restrictions on international students from August 1

The Biden administration on Tuesday said it was easing travel restrictions on Chinese and other international students into the United States this fall, a change that could provide financial help to some colleges whose enrollments declined during the coronavirus pandemic. The U.S. State Department said in a statement it is expanding its national interest exemptions… Read More U.S. to ease travel restrictions on international students from August 1

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Bitcoin slumps below $50,000 in crypto stumble

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden’s plan to raise capital gains taxes will curb investment in digital assets. The selloff came after reports that the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double… Read More Bitcoin slumps below $50,000 in crypto stumble

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New Zealand introduces climate change law for financial firms

New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday. All banks with total assets of more than NZ$1 billion (an equivalent of $703 million), insurers with… Read More New Zealand introduces climate change law for financial firms

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Cryptocurrency market cap hits $2trillion all-time record

The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors. At midday, the crypto market cap was at $2.02 trillion. The surge in crypto market cap was led… Read More Cryptocurrency market cap hits $2trillion all-time record

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Australia urges Myanmar military to release Australian economic adviser Sean Turnell

Australia called on Friday for Myanmar’s ruling military to immediately release an Australian economic adviser to the deposed leader Aung San Suu Kyi, who has been detained for two months. Sean Turnell, a professor of economics at Macquarie University in Sydney who has been advising Suu Kyi for years, was reportedly charged a week ago… Read More Australia urges Myanmar military to release Australian economic adviser Sean Turnell

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