Bitcoin prices are surging at an all-time high this week following the crypto-giant’s highly anticipated trading debut. Bitcoin’s first futures exchange-traded fund (ETF) debuted under the ticker BITO on Tuesday. The next day, bitcoin prices skyrocketed to over $66,000. Prior to this week, bitcoin last peaked at $64,899 in April. Investors predict bitcoin may rise…
China’s developing crises may spell good news for Australia in the months to come. The nation is currently threatened by a looming financial crisis as real estate giant Evergrande is set to default on a debt worth hundreds of millions of dollars. The default is likely to have far-reaching consequences on the wider Chinese economy…
Oil prices are skyrocketing globally, resulting in record-high prices for petrol across Australia. Petrol prices have been volatile over the past two years, with experts attributing the fluctuation to the pandemic. “As with many sources of volatility we’re seeing in the economy, it’s the pandemic,” Associate Professor of Economics at Melbourne University David Byrne told…
This week Netflix released its earnings report for the year’s third quarter. The site outperformed estimates for this quarter, reporting an addition of 4.4 million global paid net subscribers. Netflix has been trending upwards since mid-2021, with most recent reports far exceeding the year’s first two quarters. With the earnings report came an announcement: Netflix…
Axie Infinity is the newest game riding a wave of popularity across the world. The game features fierce (but undeniably adorable) little creatures called ‘Axies’ that players pit against one another in online battles. Players build teams of Axies, each with their own strengths and weaknesses, and can even breed them to create new creatures.…
The Australian Council of Trade Unions (ACTU) has written to the Labor Party today asking them to oppose an upcoming trade agreement. Legislation for the Regional Comprehensive Economic Partnership (RCEP) trade agreement is in front of Parliament today. ACTU wrote to the Labor caucus this morning to plead for the party to oppose the Bill.…
Emma Watkins has announced she will be resigning from Australian children’s band The Wiggles. Beginning in 2010, Watkins became the first female Wiggle and it was announced she would take on the yellow skivvy only three years later. Watkins plans to depart at the end of this year to spend time with family and focus…
Data from 2020 suggests the content industry is rising to become one of South Korea’s most valuable exports. Korea Creative Content Agency (KOCCA) and the Trade Ministry found the content industry accounted for $10.8 billion of the nation’s exports last year. This makes it the 7th most lucrative export from the country, overtaking powerful assets…
Tensions are high following Australia’s divisive decision to back out of a $90 billion submarine contract with France last month. On 15 September Australia announced the nation had withdrawn from a contract with Naval Group for the purchase of diesel-powered submarines. Relations between the two nations have since soured, with France referring to the move…
The Independent Commission Against Corruption (ICAC) has commenced their inquiry into former New South Wales Premier Gladys Berejiklian today. The hearings will investigate whether Ms Berejiklian breached the public trust during her relationship with then NSW member of Parliament, Mr Daryl Maguire. So, what exactly will these hearing involve and what does the former Premier…