Tonight’s guest on Close of Business, Kyle Rodda, says last night’s sell-off on Wall Street is part of a “potential correction”: “The NASDAQ is being dragged lower by mega-cap tech stocks, which are experiencing a rapid correction as some of the air comes out of the AI bubble. “The anomalous outperformance of small caps, which...
Category: Tech
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India Showcases Space Technology at Australian Space Forum – Defence News
The Indian National Space Promotion and Authorization Centre (IN-SPACe) showcased India’s growing space technology capabilities at the 17th Australian Space Forum in Adelaide. A delegation of Indian space startups, led by Dr. Vinod Kumar, Director Promotion, IN-SPACe, and Shashank Saxena, Deputy Director IN-SPACe, attended the forum from July 24-25. Participants included representatives from Indian companies...
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Australian shares slide to two-week low as tech drags
The S&P/ASX 200 index had slid 102.5 points, or 1.3 per cent, to 7,861.2 by Thursday’s close, with the broader All Ordinaries falling 111.2 points, or 1.4 per cent, to 8,094.3. The steepest losses were felt across technology stocks, down 2.7 per cent, with all sectors finishing lower. WiseTech fell 3.2 per cent ,and Xero...
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Broad losses for Australian shares as tech drags
The S&P/ASX 200 index was down 94.9 points, or 1.2 per cent, to 7,868.8 at midday on Thursday, with the broader All Ordinaries losing 102.5 points, or 1.25 per cent, to 8,103. The steepest losses were felt across technology stocks, down 2.7 per cent to a five-week low, but all 11 sectors were lower. US...
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California is trying to force Big Tech to pay for news. What can we learn from Australia and Canada?
A man carries a copy of the Sydney Morning Herald in 2012. (Rick Rycroft / Associated Press) Three years ago, when Australian politicians took on the titans of Big Tech — crafting legislation to force Google and Facebook to pay for news articles they share on their sites — Google threatened to pull out of...
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Genesis adds tech, fixes key safety feature with Australian software update
Genesis owners finally have access to wireless Apple CarPlay and Android Auto in Australia. The luxury brand has followed its parent company, Hyundai, in adding the tech to cars fitted with a factory satellite navigation system. Rather than keeping the technology for owners of new vehicles, the software update is being offered to cars dating...
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Channel Nine Olympics staffers attacked in Paris
In short: Channel Nine said two of its Olympic Games staff members were attacked during an attempted robbery in Paris. It was the second alleged violent attack against an Australian in the past 48 hours. French police are investigating claims a 25-year-old Australian woman was raped by five men in Paris. What’s next? Australia’s Olympic...
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Australian shares rise as banks, tech gain; Woodside and Lynas fall
July 23 – Australian shares rose on Tuesday to snap a three-session losing streak, with banking and technology stocks leading the rebound, while Lynas Rare Earths and Woodside emerged as the top losers after reporting dismal quarterly updates. The S&P/ASX 200 index climbed 0.6% to 7,976.5 by 0028 GMT. The Aussie dollar was 0.02% weaker...
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Australians left stranded overseas as airlines scramble to recover from major IT outage
In short An unprecedented IT outage affected airports across the globe last week, potentially one of the biggest ever experienced. The outage caused more than 150 Jetstar flights to be cancelled, leaving some passengers stranded overseas. What’s next? Airport systems are back online and running smoothly, and the majority of Jetstar passengers have been moved...
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Scammers will pounce on global tech outage, home affairs minister warns
In short: Home Affairs Minister Clare O’Neil used a press conference to warn that bad actors were trying to capitalise on the global tech outages experienced on Friday afternoon. There have already been reports of phishing scams where criminals attempt to gain access to personal information via unsolicited emails. What’s next? Services have begun coming...
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The CrowdStrike global tech outage took news outlets off the air for hours
Several Australian news outlets were hit by the CrowdStrike outage. Image: Greg Wood (Getty Images) A flawed software update from the U.S. cybersecurity firm CrowdStrike resulted in major tech disruptions at banks, hospitals, airlines and even took several media outlets off the air. Donald Trump ‘lovefest’ tees up Jamie Dimon for Treasury Secretary job consideration...
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Microsoft outage: Australian Michael Sentonas leads Crowdstrike – the company just sparked tech chaos that grounded flights, shut supermarkets and knocked banks offline
An Australian tech guru will likely battle through a storm of chaos in the coming days and weeks as fallout from Friday’s global IT outage that crippled banks, supermarkets and airlines from Australia to the United States grows. Melbourne man Michael Sentonas leads CrowdStrike, the publicly-listed cyber-security firm that caused the meltdown, alongside CEO and...