Australia’s communication minister, Michelle Rowland, has requested a briefing on the national broadcaster’s decision to axe 120 roles, including its political editor, Andrew Probyn. This comes after the move received blowback from senior media and public figures in Australia and comes as management attempts to streamline the outlet to attract younger audiences. “This is a…
Communications Minister Requests Briefing on Public Broadcaster’s Staff Cuts
June 18, 2023
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AustraliaAustralian Broadcasting CorporationBusiness & MarketsCompaniesInternationalMedia & Big TechWorld
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The Growing Threat of Deepfake AI Means Every Business Needs a Response Plan
June 18, 2023
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artificial intelligenceAustraliaBusiness & MarketsCompaniescyber scamsDeepfakesMedia & Big TechSocial IssuesUSWorld
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AI researchers are calling on every business and organisation to develop a response plan to the growing threat of deep fake cyber attacks, as the perils are real, according to researchers from the Queensland University of Technology (QUT). In a paper published this year entitled ‘Brace Yourself! Why managers should adopt a synthetic media incident response playbook…
Chinese Economy Now in Deep Peril
June 18, 2023
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Business & MarketsBusiness ColumnistsChina Business & EconomyChina NewsChinese economyCOVIDlockdownsOpinionThinking About China
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Commentary At the beginning of the year, many economists had predicted that the COVID “great re-opening” of China would spur domestic spending and the consumer sector. Following years of periodic lockdowns, the hope is that consumers would roar out of the gates to offset slowdowns in traditional growth areas such as manufacturing and real estate….
Microsoft Says Early June Disruptions to Outlook, Cloud Platform Were Cyberattacks
BOSTON—In early June, sporadic but serious service disruptions plagued Microsoft’s flagship office suite—including the Outlook email and OneDrive file-sharing apps—and cloud computing platform. A shadowy hacktivist group claimed responsibility, saying it flooded the sites with junk traffic in distributed denial-of-service (DDoS) attacks. Initially reticent to name the cause, Microsoft has now disclosed that DDoS attacks…
Stellantis No Longer Stocking Gasoline Models With Dealers in 14 States
June 18, 2023
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Business & MarketsCalifornia Air Resources Board (CARB)Companieseconomic policiesenergygasoline carsPolicies & ImpactsStellantisUS
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Carmaker Stellantis has stopped stocking gasoline vehicle models of its Jeep Wrangler brand in many states following stringent emission standards passed in the regions. Stellantis is no longer allocating gasoline-only Jeep Wrangler models to dealerships in the 14 states that follow emission guidelines set by the California Air Resources Board (CARB), according to a June…
While Asian Stock Markets Soar, China’s Stock Market Suffers Losses
June 18, 2023
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Asia & PacificasianBusiness & MarketsChina Business & EconomyChina Newschina stock marketjapan stock marketMarketsstock marketsstocksWarren E. BuffettWorld
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Stock markets of several Asian countries, including Japan, South Korea, Vietnam, and India, have surged, some reaching highs that have not been seen in years. However, the Chinese stock market has faced significant challenges, struggling to escape a bear market. Financial analysts suggest that this declining performance reflects investors’ attitudes towards the future economic outlook…
US Aims to Shift Supply Chain Away From China
June 18, 2023
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Business & MarketsChina NewsChina’s Supply ChainIndo-Pacific Economic Framework IPEFIPEFSupply Chain shiftUS-China relations
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The United States is implementing several measures to promote the “de-Chinaization” of the global supply chain to address unfair competitive practices by the Chinese Communist Party (CCP), according to Japanese commentator Ji Lin. Another notable development in this regard is the unanimous approval of the “Ending China’s Developing Nation Status Act” by the U.S. Senate…
ANALYSIS: US Aims to Shift Supply Chain Away From China
June 18, 2023
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Business & MarketsChina NewsChina’s Supply ChainIndo-Pacific Economic Framework IPEFIPEFSupply Chain shiftUS-China relations
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The United States is implementing several measures to promote the “de-Chinaization” of the global supply chain to address unfair competitive practices by the Chinese Communist Party (CCP), according to Japanese commentator Ji Lin. Another notable development in this regard is the unanimous approval of the “Ending China’s Developing Nation Status Act” by the U.S. Senate…
‘Fastest and Most Aggressive’ Tightening Policy Could Trigger US Recession: Wells Fargo
Wells Fargo Investment Institute is predicting a recession in the United States this year as a result of the Federal Reserve’s aggressive monetary tightening policy. Wells Fargo is expecting a “global slowdown,” including a “moderate” recession in the United States this year, followed by a U.S.-led recovery in 2024, the firm’s 2023 Midyear Outlook report…
Under Court Deal, Binance Can Continue US Operations as It Battles SEC Fraud Charges
The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges. Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the…
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