Australia’s state and federal governments appear to have won a windfall as oil and gas companies are set to pay $16 billion (US$10.7 billion) in tax. This comes just weeks before Federal Treasurer Jim Chalmers delivers federal Labor’s second budget. Corporate income tax is set to boost the budget by $8.8 billion, up from $2…
Australian Gas Companies Set to Pay $16 Billion in Tax, Almost Triple From Previous Year
Energy Company Bets Big on Australia’s Largest Battery as Major Coal Power Plant Set to Close
April 21, 2023
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AustraliaBusiness & MarketsChris MinnsCompanieseconomic policiesenergyEraring Power Stationnet zeroNew South WalesNSWOrigin EnergyWorld
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One of Australia’s largest coal-fired power stations—that supplies a quarter of New South Wales’ (NSW) energy needs—will soon close and be replaced by the country’s largest battery in the rush to reach net-zero. On April 20, Origin Energy, one of the “Big Three” energy providers, servicing 4.2 million households and businesses, said it would spend…
100,000 Customers Sue Optus Over Massive Data Breach
Over 100,000 former and current Optus customers affected by a massive data breach in 2022 have taken court action against the Australian telco giant. On April 21, law firm Slater and Gordon announced that it had launched a class action lawsuit on behalf of Optus customers whose personal information was compromised when a group of…
Michelin Recalls Tires That Don’t Have Enough Snow Traction
DETROIT—Michelin is recalling more than 542,000 light truck tires in the United States because they don’t have enough traction to work in all snowy conditions. The recall covers certain Agilis CrossClimate C-Metric tires that Michelin says don’t meet U.S. safety standards. The tire maker says in documents posted Thursday by safety regulators that tires without…
US Judge Halts Most Talc Lawsuits Against J&J, Stops Trials
NEW YORK—A U.S. judge on Thursday halted most of the tens of thousands of lawsuits alleging Johnson & Johnson’s baby powder and other talc products caused cancer and stopped any trials as part of a company subsidiary’s second attempt to settle cases in bankruptcy proceedings. U.S. Bankruptcy Judge Michael Kaplan put most of the litigation…
Amazon Launches Program to Identify and Track Counterfeiters
NEW YORK—Amazon has launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce giant’s efforts to crack down on organized crime on its platform, the company announced on Thursday. Online marketplaces in the United States including Amazon face hurdles in keeping counterfeiters off their…
AmEx’s Costs, Provisions Cloud Profit Despite Higher Credit Card Use
American Express Co.’s profit missed Wall Street estimates on Thursday despite higher spending by its customers as the credit card giant kept aside a large sum to cover potential defaults and spent more on promotions. Shares fell as much as 7 percent to a near three-month low of $154.01 as expenses surged 22 percent to…
Meta Lays Off Tech Teams, Battering Employee Morale
Meta Platforms Inc. on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency.” Meta in March became the first Big Tech company to announce a second round…
TikTok Gaslighting Governments on Data Protection, FCC Commissioner Warns Australian Senate
April 20, 2023
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Australiabanning TikTokBig Tech, Censorship, and SocialismBrendan CarrBusiness & MarketsCompaniesFeatured TopicsMedia & Big TechNational SecuritySocial IssuesTiktok Data SecurityUSWorld
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CANBERRA, Australia—The United States federal communications commissioner (USFCC) has warned the Australian government not to trust TikTok to keep any user data it collects out of the hands of the Chinese communist regime. USFCC Commissioner Brendan Carr said that TikTok could not be trusted to keep data safe from the Chinese Communist Party (CCP) and…
Daily Wire’s Matt Walsh Says an ‘Insider’ Was Behind His Twitter Account Hack
Conservative commentator and filmmaker Matt Walsh said his team is still working to find out exactly who hacked his Twitter account, noting that an “insider” might have given the hacker access to his phone. “As soon as the hacking attack started, I was on the phone with our tech team, security team, lawyers and executives,”…
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