Australia

Known best for its electric vehicles, Tesla Inc (NASDAQ: TSLA) is also growing its Tesla Electric business powered by virtual power plants and Tesla Powerwalls. Tesla is getting close to becoming an energy retailer in a new market outside the United States. What Happened: Residents in certain...

In a bid to bolster its defense capabilities amidst rising tensions in the Asia-Pacific region, Australia is venturing into the deployment of advanced submarine technology, according to Reuters.  The nation is reportedly steering its focus towards two distinct paths: the acquisition of nuclear...

A travel blogger has been fined more than $1,200 for carrying a rose through Perth Airport, violating Australia’s Biosecurity Act. The incident took place when Lays Laraya, known as Skywardsfreak on Instagram and YouTube, flew from Qatar to Australia, according...

President Joe Biden is set to host Australian Prime Minister Anthony Albanese for a state visit this October, the White House confirmed, The Hill reports. The upcoming visit emphasizes the “deep and enduring Alliance between the United States and Australia,” highlighting both nations...

Australia’s Victoria state bans natural gas connections to new properties, igniting global energy transition discussions, Bloomberg reports in an opinion piece by David Fickling. The ban, proposed by Victoria’s left-wing state Premier Daniel Andrews, is seen as a step towards net-zero...

The Australian Securities & Investments Commission (ASIC) has revoked the license of FTX’s Australian subsidiary, a cryptocurrency exchange offering services for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other cryptocurrencies. The cancellation will take effect on July 14,...

Monochrome Asset Management, a cryptocurrency investment firm, announced on Friday that its partner Vasco Trustees revised its application with the Australian Securities Exchange (ASX) to offer a spot Bitcoin (CRYPTO: BTC) ETF. An official statement issued by the company stated ...

Japan has accused Australia of betrayal over new carbon-emissions rules that could threaten Tokyo’s energy security, The Wall Street Journal reports. What Happened: The Australian rules, effective from July 1, mandate new liquefied natural gas (LNG) facilities to be carbon-neutral from day...

Donald Trump Jr, the eldest son of former U.S. President Donald Trump, canceling his planned speaking tour of Australia, has sparked a strong reaction from the country’s Home Affairs Minister Clare O’Neil, ABC Australia reports. Donald Trump Jr’s three-day tour, which was...

A woman from Australia accidentally splurges $10,000 on tickets for Taylor Swift's highly anticipated "Eras Tour." Last Thursday, TikTok user @__georose shared a video recounting how she ended up purchasing concert tickets worth $10,000 for herself and her younger sister,...

A Russian diplomat, who had been squatting on a plot of land in Canberra intended for a new Russian embassy, has left the site following a ruling by Australia’s High Court, The Wall Street Journal reports. Australian High Court sided with the Australian government, which had passed a law...

On Sunday, Australia’s Communications Minister Michelle Rowland announced a new plan to combat the spread of fake news and misinformation on platforms like Facebook, Google, and Twitter. The plan involves potentially imposing multi-billion-dollar fines on tech companies that repeatedly fail...

Gemini, a cryptocurrency exchange based in New York, has set its sights on the Asia-Pacific (APAC) region as it seeks to broaden its global presence. The exchange considers this region as a catalyst for the future expansion of the cryptocurrency market. The company conveyed its enthusiasm in a blog...

French renewable company Neoen SA (OTCGM: NOSPF) said on Monday that it has notified EV giant Tesla Inc (NASDAQ:TSLA) to start making megapack units. What Happened: Neoen won a services contract from the Australia Energy Market Operator (AEMO) to provide 197 MW of storage capacity for 4 hours...

Reserve Bank of Australia made a surprise rate hike in its last meeting on Tuesday by 25bp.  The Federal Reserve may follow suit in its meeting next week as it faces the same situation with inflation.  Given Australia is a major commodity exporter, it may put a strain on exports...