Category: News
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Microsoft blames Ukrainian tax software for Petya cyber attack
The global cyber attack, presenting itself as a ransomware virus known as ‘Petya’, that has struck numerous multinational corporations in the last 24 hours, and threatened the destruction of their data, is being attributed to faults in a Ukrainian tax software package. The software, provided by Ukrainian developers MeDoc, has been identified by cyber security firms,…
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Amazon set to hit Australian shores at the end of 2018
Amazon is due to hit Australia, but not anytime soon. The Seattle-based online retailer is expected to launch in Australia by the end of 2018. Although it will take some time to arrive, the one-stop online shop for consumers has grander ambitions in Australia than previously expected. Brittain Ladd, Amazon’s former global logistics manager, has revealed that…
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Senate committee says Centrelink was ‘set up to fail’
Centrelink’s controversial automated debt recovery service has fundamental flaws in its infrastructure and should be suspended until they have been addressed, according to a Senate committee dominated by the Labor and Greens parties. The Senate Standing Committee on Community Affairs has claimed that the system has had a “profoundly negative impact on the lives of…
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Treasurer aims to protect Australians from excessive debt
Federal Treasurer Scott Morrison has announced his intention to change the way credit cards work in order to stop Australians running up excessive debt. In a statement, Mr Morrison announced a raft of changes that would protect Australians from excessive debt, such as greater assessment of repayment ability for card applicants, a ban on unsolicited credit limits increases,…
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Netflix may be forced to feature more Australian content
Popular streaming services like Netflix, Stan, and Amazon Prime could be forced to feature a certain amount of Australian-made content. An inquiry was made by the Department of Communications to instigate a review which will ensure that homegrown entertainment gets the support and the audience it requires. Currently Australian free-to-air television networks are required by legislation to…
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Apple is working on an Apple iCar, Project ‘Titan’
Apples most secret project, nicknamed ‘Titan’, has just been leaked. Apple has joined the likes of Tesla, Google, and Chinese company Baidu in the race to build the perfect driverless car. Apple CEO Tim Cook had a meeting with Bloomberg Television not too long ago about the autonomous driving project, and the contents of that meeting have found…
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Facebook announces steps to tackle terrorism
Facebook has announced it will start implementing measures to combat online terrorism and filter out extremist content on its networks, following pressure from international governments for more to be done to protect online safety. The social media giant has said that it will be using artificial intelligence to scour its websites and spot text, images,…
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Opposition to challenge Government on citizenship
The Opposition party is being put under pressure to oppose the Federal Government’s bill to tighten requirements for Australian citizenship, with claims that the bill will foster xenophobia. Federal Labor MPs have put pressure on party leadership, who have not yet declared their intentions, to oppose the bill that was tabled yesterday. The bill proposes a…
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Channel Ten enters voluntary administration
Australian free-to-air network Ten has gone into voluntary administration. The decision comes after its main financial supporters (James Packer, Lachlan Murdoch, and Bruce Gordon) refused to provide a $250 million loan to replace the $200 million overdraft which the network owes to the Commonwealth Bank of Australia. The three billionaires backed out due to the…
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Unemployment rate drops to 5.5% as jobs rise
The national rate of unemployment fell 0.2% to a final figure of 5.5% for the month of May, exceeding market expectations of the rate remaining steady through the month. The rate of job creation for the month of May also exceeded expectations, with the 42,200-strong rise in full-time jobs far outstripping the predicted 10,000 rise.…