Shares of Zip Co. surged more than 25% on Friday, reaching their highest level in over three years, after the buy-now-pay-later company reported a sharp rise in annual earnings and unveiled plans for a secondary listing in the United States. The stock climbed as much as 25.6% to A$3.92 in early trade, its strongest level
The AUD/NZD exchange rate continued its strong rally, reaching a three-year high as concerns about the Reserve Bank of Australia (RBA) rose. The pair soared to a high of 1.1310, in its eighth consecutive week, up by over 6.16% from its lowest level in June this year. RBA and RBNZ divergence continues The AUD to
Australia is expanding its regional cybersecurity network, pledging A$83.5 million ($54.4 million) to strengthen defences across the Indo-Pacific amid rising cross-border digital threats. The four-year plan, running until 2028, underscores Canberra’s view that cyberattacks have evolved beyond national boundaries and require collective action. According to a Bloomberg report, the funding, channelled through Australia’s Southeast Asia
AirTrunk, the Australian hyperscale data centre operator acquired by Blackstone Inc. for A$24 billion ($16 billion), is expanding into India as part of its broader Asia-Pacific growth strategy. The move signals India’s growing importance in the global digital infrastructure landscape, driven by accelerating demand for artificial intelligence processing power and data capacity. As investors pour
The Australian dollar continued its strong uptrend this week, reaching its highest point in over a year amid odds of divergence between the RBA and the Federal Reserve interest rates. The AUD/USD pair jumped to a high of 0.6710, up by 13.4% from its lowest point this year. RBA and Federal Reserve divergence The AUD/USD
Meta Platforms Inc. said it has removed almost 550,000 accounts in Australia to comply with the new rules. The action covers multiple Meta-owned platforms and was disclosed in a company blog post outlining its initial response to the legislation. Australia’s decision to bar children from mainstream social media is moving from legislation to large-scale enforcement.
Binance has reinstated direct AUD deposit and withdrawal services for its Australian users, reestablishing traditional banking connectivity that had been severed since mid-2023. According to a Monday announcement, the service, officially relaunched for all verified users on January 16, 2026, was previously rolled out to select users over the final months of 2025. The renewed
The Australian dollar surged to the highest level in years, making it one of the best-performing currencies this year. The AUD/USD exchange rate rose for five consecutive days, reaching a high of 0.6895, much higher than the year-to-date low of 0.6662. Australian dollar has surged amid potential RBA and Fed divergence The main reason why
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If the scale of Big Tech’s AI spending plans for 2026 was not striking enough, Alphabet’s reported move to issue a rare 100-year bond has added a new dimension to the debate over how far tech giants are willing to go to finance the AI boom. Alphabet Inc. is preparing to sell a rare 100-year