U.S. lawmakers on Tuesday will get another chance to grill the heads of the Federal Reserve and Treasury over the effectiveness of the nearly US$3 trillion in emergency aid doled out to stem the economic fallout from the novel coronavirus pandemic.
Australia will spend AUS$1.35 billion (US$926.1 million) over the next 10 years to boost its cyber security defences, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks.
Australia unveiled the "largest-ever" boost in cybersecurity spending Tuesday, days after Prime Minister Scott Morrison spoke out about a wave of state-sponsored attacks suspected to have been carried out by China.
Arnott's, maker of Tim Tam biscuits and other snacks, is shedding about 50 staff, a representative told Reuters, the first such cuts since U.S. private equity firm KKR & Co Inc bought one of Australia's best-known brands last year.
Spotify Technology on Tuesday plans to announce local language adaptations of a popular scripted podcast as part of the Swedish music streaming company's strategy to appeal to a wider global audience.
SYDNEY: The Australian Associated Press has been acquired by a consortium led by philanthropists, saving the newswire from closure at the 11th hour. The deal was confirmed late Monday (Jun 29), three months after staff were told AAP would shutter as challenges in the media sector were exacerbated ...
Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya's state oil company flagging progress on talks to resume exports.
Asian markets were poised to follow Wall Street's firm lead on Tuesday as the sentiment boost from upbeat U.S. data outweighed the threat of rising COVID-19 infections in the world's largest economy.
Los Angeles Mayor Eric Garcetti on Monday announced he was taking a "hard pause" on when movie theaters in the city can reopen, citing an increase in coronavirus cases.
China's factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growth.
