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Australian dollar
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- 1Critics blast Labor's submarine spending as Australians struggle●While the unAustralian Labor government are pissing-away $368+ BILLION on sub's we'll never get, and further billions on
Australian opposition voices are attacking the Labor government over its A$368 billion AUKUS submarine program, arguing the money should go to struggling households instead. The criticism pairs the Defence spending with billions in fossil fuel subsidies, citing recent data suggesting Australian households may have reached a financial tipping point amid cost-of-living pressure.
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Citi has accelerated cross-border payments in British pounds, Indian rupees, and Australian dollars through the Swift network, shortening settlement times for clients moving money across these currencies. The move reflects banks' broader push to make international transfers faster and more reliable, and it is being reported in the financial press as part of ongoing modernization of global payment infrastructure.
- 3RBA hikes rates but Australian dollar falls anyway▼The RBA Hiked Rates and the Australian Dollar Still Fell
The Reserve Bank of Australia raised interest rates, yet the Australian dollar declined rather than strengthened, defying the usual pattern where higher rates support a currency. Market watchers are questioning what the move signals about the economy and whether traders see the tightening cycle as nearing its end.
- 4Questions over Firmus multibillion-dollar float amid datacentre backlash●🤖 ‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash ‘A
Firmus, a developer of 'AI factory' datacentres, is on track to launch the second-biggest IPO in Australian history, worth billions of dollars. But the listing is drawing criticism, with investors questioning the company's forecasts, reportedly calling them 'a little bit of a fairytale' given that the firm is, in critics' words, 'coming from nothing'. The float comes amid wider public backlash over datacentre expansion and its energy and environmental costs.
- 5Microsoft and Singtel among firms paying no tax in Australia●Microsoft's datacentres and Optus owner among firms paying zero tax on billion-dollar Australian revenues https://www.th
New figures show Microsoft's Australian datacentre operations, Singtel-owned Optus and Netflix are among large companies that paid no corporate tax despite billion-dollar revenues in Australia, according to reporting by The Guardian based on Australian Taxation Office data. The disclosures renew debate over how multinationals structure their Australian operations to minimise tax liabilities.