Australia

A recent report from the Energy Information Administration (EIA) revealed that in 2023, the global cryptocurrency mining industry consumed an amount of electricity comparable to Australia’s entire usage. The report also highlighted the industry’s significant growth in the United States...

The lithium market is facing persistent turmoil as spot prices have continuously declined for more than a year. Supply shortages and speculation caused a lithium bubble in 2022, with spot prices reaching CNY 600,000 ($84,400)/ton. However, increased production and subdued Chinese demand caused the...

Ford Motor Co (NYSE:F) CEO Jim Farley praised the legacy automaker for reclaiming an important milestone in one of their key markets. What Happened: Farley took to Twitter on Thursday to applaud the efforts of Ford Australia and announce that for the first time in nearly...

Cannabis has long been trending as a global product, providing regional players opportunities to reach outside their home countries and expand to international markets. Australia has fantastic cannabis growers, producers, brands, and clinics, and those companies looking to stretch across the seas...

EV giant Tesla Inc (NASDAQ:TSLA) said on Thursday that the company will give electric car drivers access to select supercharger locations in Australia for half the rate this holiday season. What Happened: The 50% off on supercharging at select superchargers is reserved for the 12-hour time gap...

In a recent legal development, Airbnb Inc. (NASDAQ:ABNB) on Wednesday was slapped with an AU$ 15 million ($10 million) fine by an Australian court for misleading customers about the currency used for transactions. The court ruling also stipulates that the company is liable to compensate the...

In a significant move, China has lifted the ban it previously imposed on three Australian meat exporters, signaling an improvement in bilateral ties between the two nations. What Happened: Bloomberg reported on Monday that the products from the companies will be permitted entry into China starting...

Key Takeaways: Tam Jai is slowing down its expansion in Hong Kong and Mainland China, and eyeing overseas markets in Australia and the Philippines The company received rights to open Marugame Udon noodle stores in Hong Kong as part of its effort to expand beyond its traditional rice noodles By Li...

Toyota Motor (NYSE:TM) Australia’s Vice President of Sales and Marketing, Sean Hanley, believes that hybrid vehicles are more suitable for Australia compared to battery electric vehicles (BEVs). What Happened: Hanley explained that producing a single BEV requires the same...

The Australian High Court has ruled against the state of Victoria’s taxes on hydrogen and plug-in hybrid vehicle owners — known as Zero and Low-Emission Vehicles (ZLEVs) — often called the “worst EV policy in the world,” stating that only the federal government can impose excise...

Australia’s Treasurer Jim Chalmers has announced a plan to regulate cryptocurrency, a move aimed at protecting those who own digital assets in the country. The Guardian reported that the new proposal would make crypto exchanges and digital asset platforms subject to Australian...

Global payments company Mastercard (NYSE: MA) derived a solution wherein central bank digital currency (CBDC) will be allowed to be tokenized on different blockchains. This will expand the available payment options for consumers. Find out more about digital assets like CBDCs. Meet and engage...

Apple Inc. (NASDAQ:AAPL) has expressed dissent over a proposed regulation in Australia that intends to administer its digital wallet service, Apple Pay, in the same manner as credit cards. The tech behemoth asserts that such a step could potentially impede innovation. What Happened: As reported by...

Former United States President Donald Trump reportedly divulged potentially classified information about US nuclear submarines to Australian billionaire Anthony Pratt after his presidency. What Happened: Anthony Pratt, a member of Trump’s Mar-a-Lago Club and CEO of Pratt Industries, is...

Australia’s Prime Minister, Anthony Albanese, has expressed concern over the prolonged detention of WikiLeaks founder, Julian Assange. According to a report from Business Insider, The Assange situation is anticipated to be discussed during Albanese’s upcoming four-day visit to the U.S....