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Tue, Aug 09, 2022 07:14 AM All times are UTC Edition :

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Isaac Gross

Lecturer, Monash University
Zac Gross is a Lecturer at Monash University and founding member of ‘What if, Australia?’ A forum devoted to ambitious new public ideas for Australia.

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Central Banking Series

Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund

Mar 12, 2022 11:20 am UTC| Economy Central Banks

The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...

Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Negative Rates Series

Negative rates explained: how money for (less than) nothing is helping out the budget

Dec 17, 2020 11:07 am UTC| Economy

A week ahead of Thursdays budget update, it finally happened. Instead of the government paying to borrow in a way that would add to the burden on the budget (as has happened since time immemorial) it actually got paid...

Small businesses are being starved of funds: here's how to make their loans cheaper

Aug 14, 2020 15:49 pm UTC| Economy

The government has widely touted its support for small businesses most notably the provision of loans subsidised by the Reserve Bank. In its economic update on Friday the Reserve Bank talked up its low-cost Term...

Economy

Balenciaga just released its newest creation, but it is getting mixed reactions of disgust and amusement.

Balenciaga, one of the luxury fashion houses today, just debuted its newest fashion item, which has now been dubbed the most expensive garbage bag in the world. The company created a buzz online after unveiling its Trash...

KT Telecom and Turk Telekom expand their partnership through a new deal that follows their agreement in March.

KT Telecom and Turk Telekom, a Turkish company, signed a partnership deal to work together in the area of media content. They are looking to foster collaboration for the said field through a private fifth-generation...

Eli Lilly is setting up an extension HQ outside of its home ground in Indiana after the state signed the new abortion law.

Eli Lilly, the American pharmaceutical company headquartered in Indianapolis, Indiana, said it would expand its headquarters outside of its home state. The decision was mainly due to the abortion law that was recently...

Woori Bank will choose 10 startups to invest in through a contest.

Woori Bank is reportedly investing in promising startup companies and will pick 10 through a competition. The South Korean banking company based in Seoul will be spending KRW10 billion or around $7.7 million to support...

Amazon will expand its consumer robot unit through its acquisition of iRobot.

Amazon Inc. is acquiring iRobot, an American technology company that designs and builds consumer robots. It was reported that the deal involves an all-cash agreement worth around $1.7 billion, and this was announced on...

Politics

Pyongyang is holding two meetings of its parliament, with the recent meeting reviewing its anti-epidemic policy.

North Korea is set to hold two key meetings in the coming weeks. A review of the countrys anti-epidemic policy is expected to be on the agenda for one of the meetings, even as Pyongyang claimed no new COVID-19 cases since...

The British defense ministry said in its bulletin that Russian forces are likely using anti-personnel mines in the Donbas region, which would lead to many casualties.

In the fifth month of Russias invasion of Ukraine, its forces are seeking to take complete control of Ukraines eastern territory of Donbas. The UKs defense ministry said Russian forces are likely setting anti-personnel...

Ukraine accused Russia of shelling the Zaporizhzhia nuclear power plant again over the weekend.

Russia continues to bombard Ukraine in the war Moscow has waged for more than five months already. In the latest escalation of the war, Kyiv accused Moscow of once again shelling its nuclear power plant in...

The White House said it was discussing pushing the bill banning assault weapons to top lawmakers in another step further from the recent legislation addressing gun violence.

The White House is working toward taking additional steps to curb gun violence following the mass shootings that have taken place in the US so far this year. Over the weekend, the White House also said it was discussing...

Foreign secretary Liz Truss may fast-track her plan to introduce tax cuts should she win the race in September.

UK foreign secretary Liz Truss is reportedly moving to fast-track her plan on tax cuts compared to her initial plan. Truss is considering moving six months ahead of schedule to push for tax breaks in an effort to boost the...

Science

When compared to the current approach of extracting methane gas from organic waste resources and then reforming it into hydrogen, the technology SK ecoplant is developing can cut the time needed for the manufacture of hydrogen by more than 20 times.

SK ecoplant Co. plans to develop a technology to produce hydrogen through a fermentation process where microorganisms eat and decompose organic matter in the absence of light When compared to the current approach of...

The research team completed a patent application, trademark application, and vegan certification for the research findings.

A Keimyung University research team has reproduced the taste and fragrance of civet coffee, known as kopi luwak, by scientifically identifying the digestion and fermentation conditions where civets live. Consequently,...

What do molecules look like?

What do molecules look like? Justice B., age 6, Wimberley, Texas A molecule is a group of atoms bonded together. Molecules make up nearly everything around you your skin, your chair, even your food. They vary...

What science says about the best ways to cool down

We spend most of the year complaining that Britain is too cold and wet but gripe with just as much enthusiasm about the heat. Although moaning about the weather is satisfying, its better to take action and cool yourself...

Higgs boson: 10 years after its discovery, why this particle could unlock new physics beyond the standard model

Ten years ago, scientists announced the discovery of the Higgs boson, which helps explain why elementary particles (the smallest building blocks of nature) have mass. For particle physicists, this was the end of a...

Technology

Apple has reportedly started production for its September product launch event for the next iPhone and Apple Watch

The iPhone 14 series and Apple Watch Series 8 are likely to be announced in a little more than a month. And a new report claimed Apple already started preparations for its next major product launch event. When is the...

Twitter confirms security incident that possibly exposed owners of ‘pseudonymous accounts’

Twitter recently confirmed that its systems suffered a security breach that primarily affected pseudonymous accounts. The exploit, first found last January, reportedly allowed the hacker to figure out if an email address...

‘Call of Duty: Modern Warfare II’ is getting a two-week open beta test in September

Infinity Ward confirmed the Call of Duty: Modern Warfare II open beta will kick off next month. Aside from the chance to play the game early, the developer will also release the official preview of its multiplayer gameplay...

The Bundesliga champions aim to create personalized digital experiences in managing relationships with supporters globally to secure their long-term loyalty.

Bayern Munich has signed a multi-year agreement to use Adobes suite of creative and customer management software to accelerate its digital transformation and help grow its fanbase. The Bundesliga champions aim to create...

Report: Tencent aims to increase its stakes in Ubisoft by purchasing shares from the Guillemot family

Tencent is reportedly planning to expand its foreign investments, particularly in Ubisoft. The Chinese firm is eyeing to increase its stakes in the French game publisher to become its largest shareholder. Reuters...