Several Australian and New Zealand tech firms said on Monday they did not have material exposure to Silicon Valley Bank following the failure of the U.S. startup-focused lender SVB Financial Group last week. Australian Treasurer Jim Chalmers said the government was aware some Australian firms have been impacted but added the country’s “institutions are solid […]
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Australian nuclear submarines are key to defending the country’s 36,000 kilometres of coastline and maintaining an edge against China, whose growing military presence means conflict can erupt without notice, defence officials and government advisers said. The shift from Australia’s diesel-electric fleet to nuclear-powered subs brings additional range, stealth and strike capability – crucial capabilities given […]
U.S. President Joe Biden will host leaders of Australia and Britain in San Diego next week to chart a way forward for provision of nuclear-powered submarines and other high-tech weaponry to Australia, sources familiar with the plans said. Australian Prime Minister Anthony Albanese said before leaving on a visit to India on Wednesday he would […]
Australia’s sovereign wealth fund, the Future Fund, is screening its portfolio for Chinese companies at risk of U.S. investment restrictions, its chairman said on Tuesday. The Biden administration plans to ban investments in some Chinese technology firms and increase scrutiny of others, sources have said, as part of its plan to crack down on the […]
An Australian regulator, after using new powers to make the tech giants share information about their methods, accused Apple Inc and Microsoft Corp not doing enough to stop child exploitation content on their platforms. The e-Safety Commissioner, an office set up to protect internet users, said that after sending legal demands for information to some […]
The United States is planning to deploy up to six nuclear-capable B-52 bombers to an air base in northern Australia, a source familiar with the matter said on Monday, amid heightened tensions with China. Dedicated facilities for the bombers will be set up at the Royal Australian Air Force’s remote Tindal base, about 300 km […]
Neoen SA has won approval for its big battery in South Australia to provide inertia service to stabilise the grid, a world first for battery energy storage in the push to replace fossil-fueled generators, the French firm said on Wednesday. Neoen’s 150-megawatt Hornsdale Power Reserve uses Tesla Inc’s Megapack battery system and will now use […]
A major consumer group has referred three of Australia’s biggest retail chains to the privacy regulator, saying they use “unreasonably intrusive” facial recognition technology on customers and recommending enforcement action. CHOICE, in a complaint to the Office of the Australian Information Commissioner (OAIC) published on Monday, said use of the technology at JB Hi-Fi Ltd’s […]
Australia’s competition regulator said on Thursday a court has ordered the local unit of Samsung Electronics to pay a penalty of A$14 million ($9.65 million) over misleading claims about a water-resistance feature in some of its smartphones. Samsung Australia admitted to misleading buyers of some of its ‘Galaxy’ phones about the water-resistance level, the Australian […]
Australia’s competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians, […]