AUD News 

Australia Mourns the End of Its Car Manufacturing Industry

“But union representatives said most of the laid-off workers will never get work in the manufacturing industry again” writes Jacqueline Williams for nytimes.com. The decision to stop making cars in Australia reflects “the perfect storm of negative influences the car industry faces,” Mr.Leading politicians expressed dismay at the fate of the domestic auto industry. “Personally, I feel very sad, as we all do, for the end of an era,” Prime Minister Malcolm Turnbull said during a radio interview on Friday. Source: nytimes.com Share This:

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AUD News 

Australia launches a world-first national reporting tool for revenge porn

“New South Wales and the Australian Capital Territory recently introduced laws, catching up with Victoria, South Australia and Western Australia which have revenge porn legislation” writes Johnny Lieu for aol.com. Queensland, the Northern Territory and Tasmania are yet to have specific laws on revenge porn, nor is there legislation on a federal level. Source: aol.com Share This:

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AUD News 

Australia just ditched its Clean Energy Target for a new plan, and it’s terrible for renewables

“Now Australia’s gone and dumped its Clean Energy Target for a so-called “plan” that removes subsidies for renewable energy and hands the mic to coal power” writes Shannon Connellan for mashable.com. “This government appears to be hellbent on destroying renewable energy,” Shadow Minister Climate Change and Energy Mark Butler told reporters.Liberal MP Andrew Hastie said the package would prevent Australia from becoming a “banana republic” — something Hastie thinks would happen if the country used more renewable energy.The Turnbull government reckons they can lower prices for consumers by creating a…

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AUD News 

Australia tries to solve its bike-sharing dumping problem

“Singapore-based, dockless bike-sharing service oBike fished 42 bikes out of Melbourne’s Yarra River in one day” writes Shannon Connellan for mashable.com. Dockless bike-sharing services have become synonymous with large, unsightly piles of dumped bikes, or bikes left in unusual locations, up trees, in rivers, or just scattered haphazardly around city streets. Source: mashable.com Share This:

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AUD News 

Warner ignites Ashes war of words by revealing his ‘hatred’ of England

“Australia’s vice-captain David Warner has told England to prepare for “war” as the Ashes fast approaches – and said he would be motivated by a “hatred” for the opposition” writes Sports Staff for independent.co.uk. “As soon as you step on that line it’s war,” Warner said on Australian radio station ABC Grandstand. Source: independent.co.uk Share This:

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AUD Crypto News 

IBM has a new blockchain for banks to speed up cross-border payments

“IBM has developed a blockchain platform that allows banks to rapidly clear and settle payment transactions around the world” writes Ryan Browne for cnbc.com. IBM’s blockchain will allow all “appropriate” parties access to clearing and settlement data on financial transactions.”Making distributed ledger technologies more interoperable is the latest example of IBM’s leadership driving the rapid advancement of blockchain.”. Big Blue said Monday it has worked with a number of international banks including Spain’s BBVA, Indonesia’s Bank Danamon and Australia’s National Australia Bank. Source: cnbc.com Share This:

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AUD News 

Australia star was paid to do ‘sponsored’ goal celebration in crucial World Cup play-off

“Did you catch @tim_cahill, our new brand ambassador, doing the TripADeal ‘T’ after he scored the winning goal last night?” writes Sports Staff for independent.co.uk. Fans noticed a change before travel outlet TripADeal thanked their brand ambassador in an Instagram post shortly after the game. Source: independent.co.uk Share This:

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AUD News 

Joint Strike Fighter plans stolen in Australia cyber attack

“A spokesman for the Australian Cyber Security Centre (ACSC), a government agency, said the government would not release further details about the cyber attack” writes Min Read for reuters.com. Australian Defence Force/Handout via REUTERS SYDNEY (Reuters) – A hacker stole non-classified information about Australia’s Joint Strike Fighter program and other military hardware last year after breaching the network of a defense contractor, the defense industry minister said on Thursday.The attack on the defense contractor was carried out by a “malicious cyber adversary”, it said.The ACSC said in a report on…

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AUD Futures News 

Asia set for mixed trade — China, South Korea and Hong Kong markets closed

“Australia’s SPI futures traded at 5,647, which was a touch lower than the ASX 200’s previous finish at around 5,652.05” writes Toshifumi Kitamura for cnbc.com. The central bank, however, reduced India’s growth outlook for fiscal 2018 from 7.3 percent to 6.7 percent.Morgan Stanley analysts said in a note that it was unlikely the central bank would “take up any further easing measures.”.  Source: cnbc.com Share This:

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AUD News 

China’s bike-sharing heavyweight Ofo has expanded again with a plan to stop vandalism

“Dockless bike-sharing has come under fire of late, thanks to users dumping the bikes in random places, vandalising and stripping the bikes for parts” writes Shannon Connellan for mashable.com. Ofo told Mashable back in March that the solution was more bikes, so people didn’t feel the need to hog them as a common commodity. Source: mashable.com Share This:

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