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Australia/Oceania

Qantas Confirms Data Breach Affecting 5.7 Million Customers, Linked to Scattered Spider Hackers

After a cyberattack on a thirdparty call centre technology, Australian airline Qantas has reported a significant data breach impacting 5.7 million cus

After a cyberattack on a thirdparty call centre technology, Australian airline Qantas has reported a significant data breach impacting 5.7 million customers. Names, email addresses, frequent traveller information, and more private data, such as residences, phone numbers, birthdates, gender, and food preferences, are among the compromised data for the 1.7 million customers. Passport information, passwords, or financial information were not accessed. The Scattered Spider hacker organisation, which specialises in attacking aviation companies, is thought to be connected to the intrusion. Qantas has improved cybersecurity and is informing impacted customers. The Australian Federal Police is among the authorities conducting the investigation. Customers are advised to utilise multifactor authentication to protect their accounts and to be on the lookout for phishing and impersonation frauds. Read More..

B2B Tech News | 2 months ago         

From Recession Exit to Rate Pause RBNZ Charts Cautious Path Forward

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big ba

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big banks, including ANZ, ASB, and Westpac, predict a 25 basis point drop, while the majority predict no change. As the economy grew by 0.8% in Q1, the RBNZ has already lowered interest rates by 225 basis points since August. Inside the RBNZs 1–3% target range, inflation slowed to 2.5 percent, but uncertainty still exists. If future inflation data is available, a further 25 basis point decrease is anticipated by September, most likely at the August meeting. It is anticipated that inflation will average 2.5% in 2025, with a median yearend rate prediction of 3.00%. Read More..

B2B Tech News | 2 months ago         

RBA Cuts Rates to 3.85% as Australia Navigates Global Economic Uncertainty

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low o

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low of 3.85%. In Q1 2025, consumer price inflation slowed to 2.4%, while core inflation fell to 2.9%, bringing it back to the RBAs target range of 23%. Markets anticipate more easing amid worries over global trade, and the Australian currency dropped 0.4%. In order to avoid making further cuts, the Reserve Bank of Australia continues to exercise caution. The choice takes into account market volatility worldwide, particularly the effect of US tariffs on Australian goods. Read More..

B2B Tech News | 4 months ago         

Australia’s ANZ Group Reports Flat Earnings Amid Global Trade Disruptions

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf earnings. Trade flows are disrupted, necessitating companies to adjust their strategies and reallocate funds, according to outgoing CEO Shayne Elliott. ANZs cash profit stood at A$3.57 billion, slightly exceeding expectations but affected by intense competition in home loans. The restructuring of home loans led to a 48% surge in gross impaired assets, while the banks net interest margin remained steady at 1.56%. With the A$4.5 billion acquisition of Suncorp Bank, ANZ also bolstered its institutional lending. Rather than declining, Elliott emphasised that global economic activity will reorganise, positioning ANZ for longterm resilience. Read More..

B2B Tech News | 4 months ago         

Gold Fields Acquires Gold Road for $2.4 Billion Amid Gold Price Surge

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquir

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquire Australias Gold Road Resources. Finalised after Gold Road turned down a previous approach, the deal offers a 43% premium to the companys March closing price, valuing it at A$3.7 billion. The purchase coincides with recordhigh gold prices—above $3,000 per troy ounce—which are driving a surge in mergers in the gold industry. CEO of Gold Fields Mike Fraser highlighted the strategic advantages, pointing to increased production potential and land availability. The business will reinforce its worldwide mining portfolio by financing the acquisition using bridge finance and robust cash flow. Read More..

B2B Tech News | 4 months ago         

Woodside Energy and BP Ink LNG Supply Deal for Louisiana Project

For the Louisiana LNG project, Woodside Energy, the biggest gas producer in Australia, has inked a longterm LNG supply contract with BP. The contract

For the Louisiana LNG project, Woodside Energy, the biggest gas producer in Australia, has inked a longterm LNG supply contract with BP. The contract supports Woodsides goal of producing 24 million tonnes of LNG annually Mtpa worldwide by 2030, which entails up to 640 billion cubic feet of natural gas. The project, which was purchased for $1.2 billion from Tellurian, is anticipated to yield an internal rate of return of 13% and $2 billion in net operating cash annually. Additionally, Woodside paid $5.7 billion to American investor Stonepeak for a 40% share in the Louisiana LNG plant. The partnership demonstrates Woodsides approach to utilising BPs lowmethaneintensity gas supply capabilities while meeting the worlds expanding energy needs. Read More..

B2B Tech News | 5 months ago         

New Zealand’s Foreign Minister Calls for Stronger U.S. Role in IndoPacific

In light of changing security concerns, New Zealands Foreign Minister Winston Peters reaffirmed the nations close ties with the United States and emph

In light of changing security concerns, New Zealands Foreign Minister Winston Peters reaffirmed the nations close ties with the United States and emphasised its significance in the IndoPacific area. While in Hawaii, Peters emphasised the two countries common strategic objectives, especially in the Pacific, where they work together to thwart Chinas expanding might. He stressed the necessity of an involved and aggressive U.S. presence and urged further collaboration on security, political, and economic matters. New Zealands commitment to regional stability and relationships was further reinforced during the visit by talks with regional representatives from Palau, Micronesia, and the Marshall Islands and officials from the U.S. IndoPacific Command. New Zealand is pushing for greater U.S. involvement in the Pacific, and this diplomatic engagement demonstrates that. Read More..

B2B Tech News | 5 months ago         

Luxon Advocates for CPTPP and EU Collaboration Amid Global Trade Disruptions

In light of the interruptions to global commerce brought on by U.S. tariffs, New Zealand Prime Minister Christopher Luxon is scheduled to meet with fo

In light of the interruptions to global commerce brought on by U.S. tariffs, New Zealand Prime Minister Christopher Luxon is scheduled to meet with foreign leaders to support rulesbased free trade. The Comprehensive and Progressive Agreement for TransPacific Partnership CPTPP will be strengthened, and Luxon intends to explore cooperation with the European Union. He stressed the significance of standing up for the institutions that support New Zealands economic interests. Later this month, Luxon is scheduled to travel to the United Kingdom to meet with Prime Minister Keir Starmer to address geopolitical, trade, and security issues. This programme is an example of New Zealands proactive approach to fostering international collaboration and overcoming trade obstacles. Read More..

B2B Tech News | 5 months ago         



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