Business
Calls for probe into flawed Latrobe Valley land tax bills
Morwell MP Martin Cameron is requesting a formal inquiry into the state’s property assessment regime following reports of valuation discrepancies.
Xiaomi tipped as top beneficiary of China AI home appliance market growth
As China’s traditional home appliance market contracts, manufacturers are pivoting toward AI-driven systems to target the silver economy and smart home integration.
Theparkpay secures payment service provider licence in Canada
Theparkpay has officially expanded its North American operations after receiving a Payment Service Provider licence from the Bank of Canada. This new authorization allows the fintech to offer real-time settlement capabilities to its international network of merchants.
Angola allows Chinese yuan for mandatory foreign currency reserves
The Bank of Angola updated its regulations to allow the yuan in mandatory reserves to align with existing trade and investment flows with China. This change reflects a growing trend among African nations to integrate the Chinese currency into domestic frameworks.
National Lottery Lotto draw produces three £1 million winners
The National Lottery's new two-round draw format produced three £1 million winners who matched five main numbers and the bonus ball during the July 11 draw.
Elon Musk mocks Sam Altman as Apple sues OpenAI over trade secrets
Apple is suing OpenAI and its subsidiary io Products over allegations that the firm systematically recruited former staff to misappropriate proprietary hardware data.
Fifth-gen BMW X5 unveiled with 5 different powertrains
BMW has unveiled the fifth-generation X5, featuring a diverse array of engines ranging from mild-hybrid variants to the innovative iX5 Hydrogen fuel-cell model. This redesign introduces significant changes to cabin architecture and removes third-row seating.
EU accuses Meta of breaching laws over addictive Facebook and Instagram design
Regulators claim Meta’s social media design induces compulsive behavior in users, prompting demands to reconfigure algorithms and disable autoplay features.
Meta Scraps AI Image Feature After Backlash: ‘Missed the Mark’
Meta has removed its Muse Image feature from Instagram after facing backlash from privacy advocates and talent agencies regarding its opt-in policy.
BYD offers full refunds after selling 1,265 vehicles with wrong model years
BYD has committed to providing full refunds to 1,265 Australian customers after the manufacturer admitted to selling 2025-built cars marketed as 2026 models.
Apple sues OpenAI for allegedly stealing trade secrets for hardware project
Apple alleges that OpenAI systematically targeted former employees to obtain confidential technical specifications and documents for its hardware business. OpenAI has denied the claims of intellectual property theft.
EU demands Meta dismantle design features it calls addictive for users
EU regulators have formally accused Meta of using design mechanics like infinite scroll and autoplay, threatening penalties of up to 6% of global turnover. The action marks an escalation in the enforcement of the Digital Services Act regarding user mental and physical health.
SK Hynix shares jump 13 percent in record-breaking US market debut
South Korean chipmaker SK Hynix saw its shares rise 13% during its record-breaking U.S. market debut, signaling strong investor interest in AI memory technology.
Apple sues OpenAI for alleged theft of trade secrets by former employees
Apple is suing OpenAI in federal court, alleging that the company misappropriated hardware trade secrets and recruited over 400 former Apple employees.
Instagram users: Here’s how to stop Meta’s AI from using your photos
Meta's Muse Image tool allows users to generate visuals using public Instagram photos without owner notification. Users can opt out by adjusting settings.
Robinhood shares fall 3% despite Morgan Stanley price target upgrade
Robinhood shares fell during Friday morning trade even as Morgan Stanley raised its price target for the company. Analysts are evaluating the growth of the new Robinhood Chain alongside upcoming second-quarter earnings.
Circle wins final OCC approval to establish national trust bank
Circle Internet Group will operate as a federally regulated national trust bank, shifting from state-level oversight to manage its USDC reserves.
Ryanair passenger injured after cabin window fails on flight from Greece
A flight from Thessaloniki to Memmingen returned to Greece after a cabin window dislodged, causing a rapid decompression and injuring a passenger. Aviation authorities are investigating the incident to determine the cause of the failure.
US-Iran escalation threatens oil supply recovery, warns IEA
Renewed military conflict between the U.S. and Iran has effectively closed the Strait of Hormuz, disrupting up to 14 million barrels of daily oil shipments. The IEA warns this escalation puts projections for global energy market stabilization in jeopardy.
Meta faces potential EU fines and redesign orders over addictive features
Meta faces potential redesign mandates and significant EU fines as regulators identify features like infinite scrolling and autoplay as harmful to user health.