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AUSTRALIAN FINANCIAL REVIEW
Australia's CBA flags surging AI costs as tasks grow complex, slams 'work slop'Commonwealth Bank of Australia CEO Matt Comyn said businesses globally are likely to tighten scrutiny of artificial intelligence-related ...- HSBC job cuts: CEO shares big update on lay offs possibility, message for employees on AI issueHSBC recently launched a dedicated $4 billion credit facility to support the global expansion of mainland Chinese companies.
- Cboe to cut staff by 20% as exchange operator sharpens focus on core businessCboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20%...
- Australian banks warned frontier AI could create larger, faster cyber attacksAustralia's banking regulators, APRA, are sounding the alarm over escalating cyber threats. Advanced AI tools like Anthropic's Claude Mytho...
- Australia to charge Big Tech companies 2% levy unless they strike local news dealsAustralia is gearing up to implement a groundbreaking levy on major tech giants. If platforms like Meta, Google, and TikTok fail to compens...
- RBI in talks with global regulators, banks to review Mythos risks, sources sayIndia's central bank is actively engaging with global counterparts and local institutions to assess potential cybersecurity threats from An...
- What are Money mule accounts? Australia’s financial intelligence regulator targets financial crime vulnerabilities in foreign-owned banksAustralia's financial intelligence unit, AUSTRAC, has uncovered significant control and reporting issues within foreign-owned banks. Review...
- AUSTRAC flags financial crime risks in foreign-owned banks over low AML reporting and money mule activityAustralia's financial intelligence agency, AUSTRAC, has flagged serious concerns regarding foreign banks. Weaknesses in controls and low re...
- WiseTech Global's board to examine payments to CEO's former partnerThe Australian Financial Review and other media outlets reported that a woman who had a sexual relationship with the billionaire chief made...
- MacLachlans: Australia’s oldest farming families split massive portfolio after 135 yearsThe massive 5.2 million hectare estate of Jumbuck, comprising 12 stations with a valuation in the hundreds of millions, will undergo a dist...
- Commonwealth Bank of Australia could cut up to 200 jobs: SourceThe Commonwealth Bank of Australia may be considering cutting around 200 jobs in an effort to reduce costs. The bank's ongoing consultation...
- Binance Australia says banking disrupted after payment provider cuts off serviceBinance on social media said users are unable to make Australian dollar deposits by bank transfer with immediate effect. Withdrawals will a...
- Australia's ANZ offers to buy Suncorp Bank for $3.4 billion: ReportANZ and Suncorp were locked in late-stage talks on the weekend, with the deal for Suncorp Bank expected to be announced on Monday morning, ...
- Australian billionaire to help small publishers strike content deals with Google, FacebookAndrew Forrest's Minderoo Foundation says it will submit an application with Australia’s competition regulator to allow small publishers to...
- Australia's Nine signs Facebook, Google news deals under new licensing regimeThe step means that all of Australia's three largest media firms—Nine Entertainment, Australian Financial Review and Sydney Morning Herald—...
- Australia's Seven West Media signs Google, Facebook deals after media law feudThe arrangements mean the U.S. Big Tech platforms are now committed to paying two of Australia's three largest traditional news outlets for...
- Australia flies journalists out of China after questioningThe correspondents for the Australian Broadcasting Corporation (ABC) and the Australian Financial Review (AFR) sought shelter in the embass...
- Australia plans to hire thousands of Indians to plug skills shortageUp to 30,000 Australia-trained Indian graduates could be hired to help deal with skills shortage that threatens its resources sector.
- Over 30,000 Indians to be recruited in AustraliaIndian trainees would be trained to Australian standards and employed on the same conditions as Australians.
- News Corp sells stake in Fairfax Media for $312 mRupert Murdoch’s News Corp has sold its entire 7.5% stake in rival Australian company Fairfax Media for around A$380 million (US$312 millio...
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