JIM CHALMERS STATEMENT

Australian Treasurer Jim Chalmers dismissed Elon Musk's criticism of proposed legislation that would ban children under 16 from social media. Musk alleged the law was a way to control internet access for all Australians. Chalmers stated the governme...

Australian Treasurer Jim Chalmers dismissed Elon Musk's criticism of proposed legislation that would ban children under 16 from social media. Musk alleged the law was a way to control internet access for all Australians. Chalmers stated the governme...

Qatar Airways will purchase a 25% stake in Virgin Australia from Bain Capital. The deal, which requires approval from the Australian government, aims to boost Virgin Australia and provide more access for Qatar Airways. Virgin Australia will launch n...

The legislation, first flagged last month, will broaden the legislation that empowers the Reserve Bank of Australia to regulate payments so that it applies to new and emerging technology.

The Australian government plans to introduce laws that would allow the central bank to regulate digital wallet providers such as Apple Pay and Google Pay. These platforms are currently not designated as payment systems, which means they are outside ...

Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from Australia's Foreign Investment Review Board, a spokesperson for Treasurer Jim Chalmers said on Friday. Chalmers i...

Most economists expected the cash rate would remain steady at 3.6% at the bank's May meeting. Last week, the Australian Bureau of Statistics reported that inflation in the March quarter had slowed to 7% from 7.8% in December.

The move came after Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender's shares fell by as much as 30% on Wednesday. Credit Suisse would be the first major global...

"At a meeting with Indian Finance Minister Nirmala Sitharaman, both sides agreed to make further progress on the UK-India Free Trade Agreement and deepen bilateral economic and financial ties," the Treasury department said in a statement.

Sunak will be the third UK prime minister this year and will replace Liz Truss, who served as Britain's shortest-serving prime minister for just 45 days.

The changes to Telecommunications Regulations allow Optus and other providers to better coordinate with financial institutions and governments to detect and mitigate the risk of cybersecurity incidents, fraud, scams and other malicious cyber activit...