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Australia/Oceania

ASD Warns of Malicious Websites Following CrowdStrike Software Update Outage

A failed CrowdStrike software update on Friday triggered a global digital outage. To help with recovery, Australias cyber intelligence agency, the Aus

A failed CrowdStrike software update on Friday triggered a global digital outage. To help with recovery, Australias cyber intelligence agency, the Australian Signals Directorate ASD, warned on Saturday about "malicious websites and unofficial code" being shared online. Official CrowdStrike sources were the only ones from whom the ASD advocated getting technical knowledge and updates. As warned by Cyber Security Minister Clare ONeil, Australians should exercise vigilance regarding possible fraud and phishing efforts. The outage brought flight delays and payment problems, which also impacted Qantas and the Commonwealth Bank of Australia. According to Prime Minister Anthony Albanese, crucial government services, infrastructure, and emergency systems were unaffected. This event has brought considerable attention to CrowdStrike, a wellknown cybersecurity service with nearly 30,000 subscribers worldwide. Read More..

B2B Tech News | 2 days ago

Greta Minerals Expands Presence with Strategic Lithium and REE Asset Acquisition in Western Australia

Significant lithium and rare earth element REE exploration properties in Western Australia have been successfully acquired by Greta Minerals PTE Ltd,

Significant lithium and rare earth element REE exploration properties in Western Australia have been successfully acquired by Greta Minerals PTE Ltd, a division of the Greta Group, headquartered in Singapore. With this acquisition, Greta Groups operating footprint and portfolio are increased to include over 700 km2 of strategically positioned exploration tenements on the extremely promising Ida Fault. The companys skills are further enhanced by its strategic cooperation with Mr. Tan, who is wellknown from Aussie Gold Hunters. Situated in Western Australias wellknown "Lithium Corridor," these resources are wellpositioned to investigate possible extensive mineral resources by taking use of the geological benefits of the hydrothermal fluid channels on the Ida Fault. With an emphasis on sustainability and innovation in the exploitation of natural resources, Greta Minerals seeks to advance exploration in a responsible manner. Read More..

B2B Tech News | 4 days ago

New Zealands Central Bank Holds Cash Rate at 5.5%, Hints at Future Easing

Though it left open the possibility of further lowering inflation declined as anticipated, the central bank of New Zealand kept the cash rate at 5.5%

Though it left open the possibility of further lowering inflation declined as anticipated, the central bank of New Zealand kept the cash rate at 5.5% on Wednesday. Following analysts forecasts, the Reserve Bank of New Zealand RBNZ released unusually dovish commentary on this decision, indicating that while monetary policy remains tight, the restriction will gradually lessen. In addition, twoyear swap rates hit a sixmonth low. The New Zealand dollar decreased by 0.74% to $0.6085. Now that the RBNZ anticipates inflation to return to its target range later this year, economists anticipate an early start to rate decreases, possibly in November. The Australian Reserve Bank, still wary of inflation threats, stands in contrast to this dovish position. Read More..

B2B Tech News | 10 days ago

Bapcor Rejects Bain Capitals A$1.83 Billion Buyout Bid, Citing Undervaluation

On Tuesday, Bain Capital made a $1.23 billion $1.83 billion acquisition bid, but Australian auto parts retailer Bapcor BAP.AX turned it down, saying t

On Tuesday, Bain Capital made a $1.23 billion $1.83 billion acquisition bid, but Australian auto parts retailer Bapcor BAP.AX turned it down, saying the amount was too low for the companys actual worth. Cash offers of A$5.4 per share were made by Bain Capital, marking a substantial 23.9% premium over Bapcors closing price on June 7. According to Bapcor—which runs wellknown Australian companies including Autobarn and Midas—accepting the offer would not be in the best interests of its stockholders. In addition, Angus McKay was named executive chairman and CEO by the corporation, and it also disclosed that impairment costs would likely have an impact on its statutory net profit after taxes for the second half. Read More..

B2B Tech News | 16 days ago

Australia Secures TopSecret Intelligence with AWS in A$2 Billion Cloud Deal

Australia will transfer its topsecret intelligence data to the cloud through a $2 billion agreement with Amazon Web Services AWS, improving defence fo

Australia will transfer its topsecret intelligence data to the cloud through a $2 billion agreement with Amazon Web Services AWS, improving defence force interoperability with the US military. Data resilience will be increased by utilising dispersed, purposebuilt AWS infrastructure, according to Defence Minister Richard Marles. Additionally, the Australian Signals Directorate ASD plans to increase the amount of artificial intelligence AI it uses to analyse data. Director General of ASD Rachel Noble stressed AIs responsible and moral usage. The cloud migration ensures robust data management, which supports critical activities such as the F35A joint strike fighter. Prime Minister Anthony Albanese said the collaboration would also improve national security capacities and generate 2,000 local employment. Read More..

B2B Tech News | 18 days ago

ANZ Group Cleared for $3.26 Billion Acquisition of Suncorps Banking Business

Following nearly two years of examination by treasury and financial authorities, Australia has authorised ANZ Groups acquisition of Suncorps banking d

Following nearly two years of examination by treasury and financial authorities, Australia has authorised ANZ Groups acquisition of Suncorps banking division for A$4.9 billion $3.26 billion. Under legally binding terms designed to preserve employment opportunities and financial services accessibility, Treasurer Jim Chalmers affirmed the ruling. One of the threeyear restrictions on shutting Suncorps rural bank branches and reducing employment across Australia is one of these requirements. The Australian Competition Tribunal eventually approved the transaction after being first rejected by the countrys competition authority due to worries about diminished competition. ANZ and Suncorp filed appeals in support of the acquisition. Speaking confidently, ANZ CEO Shayne Elliott emphasised the advantages of the integration for the companys retail and commercial businesses, increasing ANZs competitiveness in the Australian market. Read More..

B2B Tech News | 25 days ago

Australia’s Reserve Bank Eyes Further Tightening Despite Household Strain

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to redu

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to reduce inflation, even though it acknowledges the financial hardship of high interest rates on consumers. Assistant Governor Christopher Kent emphasised that although the current cash rate of 4.35% has put many people in financial difficulty due to higher mortgage payments, it has also moderated demand growth and contributed to lower inflation. Despite inflation rising over its target range, the RBA has recently held off on raising interest rates, indicating a cautious stance in the face of conflicting economic data. Reiterating that the central bank is prepared to address inflation threats, Kent emphasised that future rate changes are subject to change while keeping a close eye on economic trends. Read More..

B2B Tech News | 1 months ago

Australias RBA Keeps Interest Rates Steady at 4.35% Amid Sluggish Economic Growth

In line with market forecasts, the Reserve Bank of Australia RBA kept interest rates at 4.35% during its June policy meeting. Even with unexpectedly m

In line with market forecasts, the Reserve Bank of Australia RBA kept interest rates at 4.35% during its June policy meeting. Even with unexpectedly modest wage growth and a 0.1% slowdown in economic growth in the first quarter, inflation has remained persistently high, barring the RBA from considering rate decreases in 2024. Citing conflicting recent economic indicators, the central bank underscored the need to maintain vigilance against inflation threats. Even while inflation hit a fivemonth high of 3.6% in April, efforts by the government, such as power subsidies, are expected to reduce pressure on the cost of living. Economists advise against raising interest rates too soon, claiming that concentrating too much on demand management in the face of deteriorating economic data and declining inflation may cause an unwarranted recession. Read More..

B2B Tech News | 1 months ago

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