Australia’s controversial anti-encryption bill passes into law

The Australian government has passed the controversial Access and Assistance Bill 2018 into law. Since it gives authorities the right to demand access to encrypted forms of communication and to slap companies that refuse to cooperate with fines up to $ 7.3 million, it prompted tech giants like Apple to voice their opposition. Cupertino criticized […]

Scott Morrison to become Australia’s next PM, Turnbull vows to resign ‘not before too long’

After the newly elected leader of the Liberal Party Scott Morrison was picked to become Australia’s new prime minister, deposed Malcolm Turnbull noted that he would be leaving politics “not before too long.” Once he resigns, his Sydney mandate would be up for grabs, which could see the ruling coalition lose its one-seat majority in […]

Australia’s lauded private-pension system is under scrutiny

High fees down under PAUL KEATING, a former prime minister of Australia, calls the country’s superannuation system “the envy of the developed economies”. In many ways, it is. The “super”, as Aussies call their private-pension provision, was a crowning achievement of Mr Keating’s premiership. In 1992 he made it compulsory for employers to set aside […]

America calling for Australia’s next boxing superstar

A WORLD title fight and a potential world champion will headline a massive boxing card at Eveleigh in Sydney on Friday week. Billy “The Kid” Dib (43-4) will fight Tevin “American Idol” Farmer (24-5-1) for the IBF-mandated super featherweight title, while rising bantamweight star Brock Jarvis will attempt to continue his surge up the boxing […]

Australia’s central bank has explained why everyone should be worried about a sudden rise in bond yields

Getty Images Australia’s central bank is concerned riskier assets such as stocks and high-yield corporate debt could be set for widespread losses if there is a sudden increase in government bond yields. The bank warns current asset valuations, which are reliant on global bond yields staying low, are “elevated relative to history.” In addition, it […]