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1822 articles · page 17 of 38
The International Energy Agency warned on Wednesday that global diesel supply will remain tight well into next year, saying war-related losses from Russia and the Middle East and heavy inventory drawdowns have left markets without enough stock cover ahead of the winter demand season.
· 2 sourcesRegional Express (Rex) will indefinitely suspend flights between Sydney and the NSW centres of Port Macquarie and Orange from October 25, less than 10 months after the carrier was sold under a federal government rescue package backed by $60 million in support.
· 2 sourcesBlack and south Asian music events in London face disproportionate cancellations, restrictions and licensing barriers compared with white events, according to a two-year investigation commissioned by the mayor’s office. The Race Equality in Music Event Licensing (REMEL) report, led by Black Lives in Music, estimates that cancellations, displacement and events prevented from taking place cost London between £127m and £141m annually, with projected losses exceeding £650m over five years.
· 2 sourcesJohn Healey is reportedly preparing a tax crackdown on online marketplaces such as Amazon and eBay that could raise up to £1 billion for the Treasury in his first budget, due on 28 October. The chancellor is said to be planning to make platforms responsible for collecting VAT owed by retailers selling on them, with the proceeds used to fund cuts to business rates for high street shops.
· 3 sourcesAround 400 postal workers are leaving Royal Mail each week, according to the Communication Workers Union, which says the exodus has accelerated since the company introduced a new delivery system designed to improve efficiency. The union warns of a 'nightmare' Christmas ahead as parcel volumes rise.
· 2 sourcesResources Minister Madeleine King has defended proposed gas reservation laws before parliament, arguing they will not crash prices, but declined to estimate how much consumers can expect their bills to drop as the industry warns the plan could undermine investment in new supply.
· 2 sourcesThe International Monetary Fund has sounded the alarm over rising government borrowing costs and the growing threat of cyberattacks to the global financial system, with Bank of England Governor Andrew Pill also expressing caution about market expectations of rapid interest rate cuts. IMF Managing Director Kristalina Georgieva separately urged the United States to put its fiscal house in order.
Mining giant BHP has confirmed job cuts at its iron ore operations in Western Australia, with the ABC understanding around 300 positions will be axed across the South Flank, Mining Area C, Jimblebar and Newman sites in the Pilbara.
· 2 sourcesASML, the Dutch maker of critical semiconductor lithography machines, on Wednesday reported third-quarter net profit of 4.96 billion euros, well ahead of analyst forecasts, and said customers are already expressing interest in placing orders for its tools for 2029 and 2030, driven by long-term demand for AI-related chips.
· 2 sourcesTMK Energy has mobilised a workover rig and a 70-tonne crane to its Gurvantes XXXV coal-bed methane pilot project in Mongolia, kicking off a 2026 work program that includes well optimisation and fresh drilling. The company aims to boost gas flow from existing wells by installing smaller-diameter liners, with initial re-completions planned for three wells before a new well is spudded.
· 2 sourcesLarvotto Resources has become Australia's newest critical minerals producer, shipping its first batch of antimony concentrate from the Hillgrove antimony-gold mine in northern NSW to offtake partner Wogen Resources.
· 2 sourcesSingapore's economy grew 5.4 percent year-on-year in the third quarter, but the central bank left policy unchanged on Wednesday and warned that the AI-driven boom behind the expansion is expected to ease in 2027.
Victorian Deputy State Coroner Paresa Spanos has found that the death of eight-year-old Amrita Varshini Lanka at Monash Children's Hospital in April 2022 was preventable, and that the clinical care provided by emergency department registrar Patrick Tan was 'wanting' and directly contributed to her death. Magistrate Spanos became emotional during the findings, describing Amrita as a talented and deeply missed child.
· 5 sourcesSome of the UK's biggest retailers and hospitality firms, including Tesco, Costa Coffee, the Co-op, Marks & Spencer and Sainsbury's, met Chancellor John Healey at the Treasury on Tuesday to urge a cut in the cost of employing young people ahead of his first budget. They are calling for a partial reversal of a change by Healey's predecessor Rachel Reeves that lowered the earnings threshold for employers' national insurance contributions (Nics), and hope for relief on business rates. Separately, Healey has reportedly rejected calls to equalise capital gains tax with income tax rates, though a smaller increase may be considered.
· 3 sourcesPLC Resources has called in satellite technology to sharpen its search for gold in Western Australia's Murchison region, launching a two-stage geo-spectral survey across its Abbotts gold project to map alteration zones and structures that point to orogenic gold mineralisation.
· 2 sourcesAdministrators of failed Queensland caravan manufacturer Australian Off Road (AOR) say the company may have been trading while insolvent since mid-2023 and now owes $14 million, as one of its directors pursues a $2 million plan to buy the business out of administration and restart it without its debts.
· 2 sourcesChina's exports grew 36.3% in September from a year earlier, the fastest pace since February, while imports climbed 31%, according to official data released Wednesday. Both figures exceeded analyst forecasts, and the resulting trade surplus of $133.5 billion was a record monthly high.
Hyundai Motor Group has announced a $15.5 billion investment plan for India from 2026 to 2032, marking a significant bet on the country’s booming car market and reaffirming its long-term commitment to the region.
Oil prices rose on Wednesday, with international benchmark Brent crude climbing 1.24% to $107.02 a barrel, as fighting between Saudi Arabia and Iran-backed Houthi forces escalated and the United States and Iran traded warnings over the Strait of Hormuz.
Consumer NZ has warned that New Zealand's poorest households could face the largest increases in power bills under a planned overhaul of the electricity pricing system, raising concerns about energy affordability for vulnerable communities.
Rules, the oldest restaurant in London, has been donated to the National Trust by its owner JP Mayhew, handing the historic Covent Garden establishment to the heritage charity in what Mayhew described as protecting the place "in a way that no one else could".
Apple has increased its share of China's smartphone market even as overall shipments in the country plunged 15.4% year over year in the third quarter of 2026, according to a new report from IDC. The iPhone maker's market share rose to 17.8% from 15.8% a year earlier, despite a 4.3% decline in its own shipments.
Apple has asked a federal judge to overturn the $5.7 billion patent verdict won by Taction Technology over the Taptic Engine in iPhones and Apple Watches, arguing that the jury was left to engage in what Apple calls "impermissible guesswork on a massive scale" because Taction never proved what its patents were worth.
The first workers to accept redundancies at the Whyalla steelworks will finish up this week, with more than 250 roles set to disappear after the permanent closure of the blast furnace last month. Those staying on still face an anxious wait for their fate to be decided.
· 2 sourcesThe Albanese government will introduce legislation requiring large gas producers to reserve up to 20 per cent of their liquefied natural gas (LNG) exports for domestic customers, in a bid to ease soaring energy prices and address chronic supply tightness on the east coast.
· 3 sourcesFederal regulators and seven US states have asked a federal court to hold Martin Shkreli, the pharmaceutical executive known as 'Pharma Bro', in contempt, alleging he repeatedly violated a lifetime ban on working in the drug industry by trading in at least 60 pharmaceutical companies and discussing them on live streams.
· 2 sourcesNew York Federal Reserve President John Williams said Tuesday that the artificial intelligence equipment supply squeeze could last more than two years, adding to inflationary pressure, even as he reaffirmed his view that the central bank may raise rates once more this year but not into 2027. Bitcoin rose toward $84,000 on the outlook for no additional tightening.
· 3 sourcesThe BBC is asking a federal judge in Florida to force Donald Trump to sit for a deposition in his $10bn lawsuit against the British broadcaster, after his legal team said he would not be available until January, well after the discovery deadline in the case.
A US judge has ruled that Apple may access OpenAI's hiring records related to former Apple employees who applied for roles at the AI company, granting an expedited discovery request in the trade secrets lawsuit Apple filed in July.
· 3 sourcesUS regulators on Tuesday imposed more than $1.21 billion in penalties on Bank of America, including the largest fine in the history of the Office of the Comptroller of the Currency, after finding the nation's second-largest bank failed for years to report billions of dollars in suspicious transactions. The action landed less than a day before the bank's quarterly earnings report, and the bank admitted to willful violations of anti-money-laundering rules.
· 5 sourcesAustralian travellers are increasingly booking flights to Europe and the UK via the Middle East, choosing cheaper fares over caution despite ongoing security concerns and air travel disruptions linked to the Iran war, according to travel industry figures.
· 3 sourcesLongshot Space Technology, a startup based in Alameda, California, is working on a very old idea getting a new look: using a giant gun to fire cargo into space. The company has raised about $20 million from venture investors and is testing scaled-down versions of the system at a site near Barstow, California, with plans to build what it says would be the largest gun on the planet.
· 2 sourcesWalmart, the largest private employer in the United States, will cover more than 250 prescriptions including certain insulin, inhalers and GLP-1 diabetes drugs at no cost to its employees starting in 2027, the company confirmed to CNBC. The move comes as many other employers raise premiums or scale back benefits to manage rising healthcare costs.
· 2 sourcesFlox Intelligence, a startup spun out of KTH Royal Institute of Technology in Stockholm, is developing AI-powered edge devices to deter wildlife from train tracks, airports, and roads. The company, a finalist at TechCrunch Disrupt's Startup Battlefield 200 pitch competition, aims to reduce the billions in damages and delays caused by animal strikes.
· 3 sourcesA federal jury in Delaware found on Tuesday that Arm Holdings breached a licensing agreement with Qualcomm and intentionally interfered with the chipmaker's relationship with Meta Platforms, awarding Qualcomm nominal damages of just $2. The verdict follows a five-day trial and marks the second courtroom clash between the two companies in two years.
Wednesday's consumer price index report is expected to show US inflation accelerating, with economists forecasting headline prices rose 0.6% in September and 3.6% over the past year, moving further from the Federal Reserve's 2% target. Rising energy costs, driven in part by the war with Iran, are the main force behind the increase, and analysts warn the reading carries upside risk.
Bass Coast Shire Council in coastal Victoria has doubled its annual registration fee for short-stay rental providers to $600, prompting an outcry from homeowners who accuse the council of double-dipping alongside a new statewide levy on holiday lets.
· 2 sourcesA growing number of Australian households are raising concerns about the conduct of some companies selling and installing batteries under the federal government's Cheaper Home Batteries Program, with one Perth customer waiting more than a year for a system he paid for in full.
· 2 sourcesEpic Games has delayed an unannounced Disney game and directed its development team to use AI tools for generating code and art, according to a report from Bloomberg. The project has slipped from its original March 2026 release window.
A new retirement planning series in The Sydney Morning Herald, The Brisbane Times and WA Today is guiding Australians into the case for lifetime income products such as annuities, which guarantee a regular income for life and are designed to ease the stress of volatile share markets.
· 3 sourcesThe majority of English football clubs are living on the edge of financial disaster, according to a landmark report by the independent football regulator (IFR). The 'State of the Game' report found that 94% of clubs in the top five English leagues made losses in the 2025-26 season, and more than 60% of EFL and National League clubs are technically insolvent, warning of a 'dangerous cocktail of rising debt and an over-reliance on owner funding'.
· 2 sourcesBumble has agreed to be acquired by the newly formed Ithaca Holdings for approximately $US1.3 billion ($1.9 billion), taking the dating app private at a fraction of its peak valuation and giving it room to reinvent itself away from public market pressures.
· 5 sourcesAnthropic will disclose its third-quarter financials for the first time at a meeting with potential investors on Wednesday, as the San Francisco artificial intelligence company prepares for what could be the largest initial public offering in history.
About 150,000 U.S. homeowners with adjustable-rate mortgages are scheduled to see their interest rates reset for the first time this year, according to data from ICE Mortgage Technology. With rates having climbed since these loans were originated, many borrowers could face monthly payment increases of hundreds of dollars — and in some cases, more than $1,000.
Brendan Wallace, co-founder of Fifth Wall, one of the largest real estate technology investment firms, says artificial intelligence is changing which startups are worth backing and expanding the definition of proptech itself, with a growing focus on companies that use technology to own and operate real estate directly.
Nigerian fintech company Moniepoint has become the operating system for more than 6 million businesses in the country, processing over $300 billion a year and handling 39 percent of Nigeria's digital payments volume, according to a guest analysis on Crunchbase. The company is among a cohort of super apps — platforms that bundle banking, commerce, and other services — that are thriving outside the United States.
A former Drayton Manor theme park ride operator has pleaded guilty to sexually assaulting 19 girls, all under the age of 13, while working at the Staffordshire attraction last year.
· 2 sourcesLeaked documents suggest Eugene Tenenbaum, one of Roman Abramovich's closest associates and a former Chelsea Football Club director, misled a UK court in a 2008 case over the ownership of Siberian oil fields, a case Abramovich won. Both men deny any wrongdoing through their lawyers.