Business
Melbourne rent growth has slowed citywide, but Olinda, Sassafras and other outer eastern suburbs recorded far steeper two-year increases.
Australia’s property market showed fresh signs of cooling as auction clearance rates fell below 50pc for the first time since 2020.
Australia says national fuel supply remains stable despite local shortages, after releasing reserves and easing rules to support petrol and diesel deliveries.
Australia energy regulator says free midday power from July is opt in, limited to smart meter homes and tied to household electricity use.
Pump prices climbed across Australia after higher international oil and refined petrol costs, prompting ACCC monitoring while national averages rose and remote areas faced steeper bills.
Australia’s business lobbies urge red tape cuts and tax changes after a new index ranked the country 21st of 42 for investment competitiveness.
Australia consumer sentiment fell after the RBA lifted rates to 3.85%, Westpac MI showed while mortgage rate expectations rose and Dec spending dipped, ABS said.
Australia’s CEFC commits up to A$60m for discounted EV loans via Hyundai Capital Australia, cutting rates 0.5 to 1.0 points on new eligible Hyundai and Kia EVs.
An $8.5B minerals deal between the US and Australia aims to expand rare earth production, co-funded projects, and cross-border industrial resilience.
Gold surged to a record $3,963 as market demand soared amid global instability and US policy uncertainty, reinforcing its safe-haven status.
News
Brooke Day, a 22-year-old Australian, died in hospital after a chairlift incident at Tsugaike Kogen Mountain Resort in Nagano, Japan. Police are examining safety.
Australia closed dozens of east coast beaches after several shark attacks in New South Wales, prompting safety warnings and increased patrols during peak summer holidays.
Australia has pledged US$13 million in emergency funding to support Victoria communities affected by bushfires as fires burn and evacuations continue.
Thousands lost electricity across Queensland after a tropical cyclone damaged power networks, caused flooding and disrupted transport as emergency crews began restoration.
Emergency services battled multiple bushfires across Victoria as extreme heat, dry conditions and strong winds increased risks to communities and infrastructure.
Major cities now face 25% more extreme hot days than in the 1990s, with 2024 marking the hottest year recorded in urban heat data.
UAE and Australia reaffirm strategic ties ahead of CEPA launch, targeting trade growth, tariff cuts, and deeper cooperation across multiple sectors.
UN urges overhaul of water management as 2.1B lack safe drinking water and billions more face inadequate sanitation and hygiene access globally.
Sports
Germany’s auto sector slashed 51500 jobs in a year as industrial employment fell 2.1 percent, driven by declining exports and rising operational costs.
Lotus has launched global production of the Evija, a 217 mph all-electric hypercar producing 2,039 PS, making it the fastest EV of its kind now in production.
Cadillac’s Elevated Velocity concept merges electric V-Series performance with off-road versatility, debuting a high-luxury crossover at The Quail 2025.
Technology
Australia’s creative sector seeks a role in the Office of AI as officials shape copyright policy, data centre rules and consumer safeguards.
Australia’s data centre investment surge is testing energy planning, local jobs, grid capacity and the wider payoff from AI infrastructure.
Cisco and Sharon AI launched Australia’s first Cisco Secure AI Factory with NVIDIA in Sydney, offering 1,024 Blackwell Ultra GPUs for sovereign AI compute.
South Korean researchers at DGIST created a physical AI system that mimics human forgetting, cutting robot navigation time by 30% in logistics tests.
Google launches a $1 billion AI education initiative, supporting over 100 US institutions with tools, grants, and access to its Gemini chatbot.
Lifestyle
Fresha secures a $31 million investment from JP Morgan to enhance its machine learning and AI-driven robotics.
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