The Business Times

Australia

Global Enterprise

Rising global inequality fuels populist policies and market intervention, Australia wealth fund chief warns

APRA is also closely monitoring any build-up of domestic vulnerabilities, particularly in the housing market, including high household debt.
Banking & Finance

Australia banking regulator warns on elevated risks from abroad

Australia will from Dec 10 force social media platforms including Facebook, Instagram and Tiktok to remove users under the age of 16 or face hefty fines.
Telcos, Media & Tech

Meta to remove under-16 Australians from Facebook, Instagram on Dec 4

Stamford Land said its in-house design team would be focused on ongoing upgrade works across several of its Australia-based hotels, including Stamford Plaza Melbourne.
Companies & Markets

Stamford Land H1 profit rises 4.1% to S$15.8 million on higher hotel room rates

The bank’s year-to-date gains of 24% outrank the share price rises of its “Big Four” Australian bank rivals Commonwealth Bank of Australia , National Australia Bank and Westpac.
Banking & Finance

Australia's big four banks move to bypass mortgage brokers as profits squeezed

Australian job advertisements climbed for a 12th straight month in May to reach their highest since 2008, suggesting demand for labour could withstand both a coronavirus lockdown in Victoria and the removal of some government support programmes.
International

Australian unemployment decline supports RBA rate-pause call

Mike Burgess, director-general of the Australian Security Intelligence Organisation, said while the US has been the main target, the scope of Chinese state-linked actors has widened.
Telcos, Media & Tech

Australia spy chief warns of China hackers probing networks

“This treaty is a recognition from both our nations that the best way to secure... peace and stability is by acting together,” says Prime Minister Anthony Albanese.(R)
International

Australia, Indonesia agree to sign new security treaty

The improvement in sentiment was driven by a strong rise in households’ assessment of their position.
International

Australia’s consumer sentiment soars 12.8% on economic outlook

Straits Trading stated the partnership allows it to "recycle capital at an opportune time" and redeploy proceeds into "potentially higher return real estate opportunities".
Companies & Markets

Straits Trading partners Cromwell, divests 19.9% of Australian industrial portfolio for A$47.6 million

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