Yet the forced restructuring banks had feared is off the cards
Tag: Australia’s
Paine’s presence steeling Australia’s future
The ever-growing presence of Tim Paine as Test captain is giving his teammates the sort of confidence that could carry an emerging group to bigger and better things. In just is fourth outing as Test captain, Paine made a statement in Perth with a feisty second innings batting effort that included a verbal back and […]
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 […]
Australia’s biggest banks are in the dock
A commission of inquiry finds a litany of abuses
Australia’s biggest banks are in the dock
BANKS often face conflicts of interest when it comes to advising their customers. The regulators who are supposed to stop the abuses that can result are not always up to the job. But when wrongdoing does finally come to light, the penalties can be vast. Financial institutions in Britain have had to lay aside £40bn […]
Australia’s Ban on Huawei Is Just More Bad News for China
The move reflects US influence, and Australia’s tense, complicated relationship with China. https://media.wired.com/photos/5b7f2a8c2cb40b537a9eb9c2/master/pass/ZTE-453330682.jpg
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 unknown two-division world champion
HE’S the undisputed, but relative unknown, champion of the world. His face is on billboards across Asia and he has thousands of adoring fans. Yet back home, Martin Nguyen is virtually unrecognisable. A man with championship belts in two divisions – a feat achieved by only a select few in the world of martial arts, […]
