Hatsune Miku is not like other pop stars. She has played the part well for almost two decades: selling out shows, releasing hits and attracting fans. But despite real success, she is not exactly real. Miku is a “vocaloid”, a voice synthesiser that producers can use in their songs. The Japanese software has become so...
Category: Bussiness
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Hope for outback NSW miners as major mine bought by newly formed company
In short: The CBH Resources Rasp Mine in Broken Hill has been sold to Broken Hill Mines Limited. The transfer has saved 120 workers’ jobs. What’s next? CBH Resources says the new buyers will support a longer-term mine plan. Miners at CBH Resources’ Rasp Mine in Broken Hill have been told their fate after eight...
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Why your next round at the pub could be a lot more expensive
Australians could soon be paying more for their pint at the pub, as the hospitality industry feels the pressure of soaring alcohol taxes. Business owners are pleading with the federal government to take action before its twice-yearly tax hike on alcohol kicks in on August 5. WATCH THE VIDEO ABOVE: Pub owners claim alcohol tax...
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South Australian seafood company heir jailed after pleading guilty to child exploitation offences
In short: South Australian seafood company heir Marcus Cappo has been jailed for four years after pleading guilty to child exploitation charges. The District Court heard the offending came to light when one explicit video was circulated around one of the victims’ schools. What’s next? Cappo was given a non-parole period of three years and...
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Sad reason this Aussie business has gone cash only
A South Australian business has announced a move to cash only after multiple system outages caused thousands of dollars in losses and left the business struggling to stay afloat. Adelaide-based Italian dessert bar Zeppole & Co announced the move on social media earlier this month in a bid to save the business, after errors in...
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Power-hungry data centres scrambling to find enough electricity to meet demand
In short: Energy experts fear the growing number of power-hungry data centres could make electricity more expensive. Data centres could consume as much as 8 per cent of the grid’s demand by 2030. What’s next? Data centre operators are turning to renewable sources to power new centres. Inside a vault of this data centre is...
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18 individuals, 18 business proposals to share $5.2 million of Screen Australia Enterprise funding – IF Magazine
Screen Australia has announced that 18 individual opportunities and 18 business proposals will share $5.2 million of Enterprise funding. Recipients include Ten4 Media, a Northern Territory-based company specialising in observational documentaries that capture unique stories and landscapes; Fremantle company Artemis Media, renowned for Maggie Beer’s Big Mission and Who Do You Think You Are?; and...
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Australian dollar tumbles on fears of Chinese economic slowdown
In short: The Australian dollar has tumbled from a six-month high following concerns about the health of China’s economy. Some of the dollar’s value is tied up in the demand for Australian commodities but there are concerns that demand is in decline. What’s next? Support for the local currency could come next week if expectations...
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Update on Australian Markets Business Investigations
The update concerns three separate but related matters: data reporting processes; allegations around a 2023 bond transaction; and conduct and behavioural matters primarily within its Sydney dealing room. ANZ Chief Executive Shayne Elliott said: “With the assistance of external counsel, we are investigating these issues with the urgency expected and the Group Board continues to...
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Another rate rise ‘cannot be justified’ and would put Australia’s economy at risk, economists warn
A further rise in interest rates would put Australia’s economic recovery at risk and wipe out the benefits of tax cuts and real wage gains, economists have argued as key decisions loom. June quarter inflation data, due to be released by the Australian Bureau of Statistics next week, represents a fork in the road for...
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ASX 1.3pc into the red after Wall Street wipe-out led by tech stocks
Market analyst Kyle Rodda from capital.com has put out a neat note to end the day. Here is his take on the action. “It has been quite some time since something really shook the tree and caused a scare in the markets. Wall Street was tangibly due for a big down day: it was approaching...
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‘You’re not just selling a box of chocolates’: Cold callers offering super reviews under investigation
Melissa Bain usually hangs up on cold callers, but this time she kept listening. The caller offered to check the performance of her superannuation fund. The pitch hit the mark for the Perth mum, who had taken time out of the workforce to care for her children. “I don’t have as much as I should...