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☆ Sydney: Stabbed bishop delivers first message from hospital as malicious disinformation spreads
▼ + stars: | 2024-04-18 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

The rapid spread of disinformation fomented an already volatile situation and days later authorities, faith groups and the bishop are still trying to calm community tension. But regulators are finding it much harder to act against social media platforms for the disinformation that spread online after the attacks – especially after the mass stabbing in the eastern suburb of Bondi. After the church attack, unconfirmed speculation also swirled about the faith of the alleged attacker and his motive. A 16-year-old boy has been charged with terrorism over the alleged stabbing of the bishop, police said Thursday. Video Ad Feedback Police: Australia church stabbing was 'terrorist incident' 04:31 - Source: CNNSystem of self-regulationBut stamping out some of the hateful comments that spread online has not been so easy.

Persons: Australia CNN —, Bishop Mar Mari Emmanuel, Jesus, ” Emmanuel, –, ”, Chris Minns, “ I’m, Steven Saphore, Australia’s, Meta, Facebook –, Marc Owen Jones, Russia influencer, Seven, Bondi, Jones, Hamad, won’t, he’s “, who’s, “, Elon Musk, That’s, Michelle Rowland, that’s, ” Rowland, Terry Flew Organizations: Australia CNN, Good Shepherd, State, Reuters, Facebook, NSW Police, West, Hamad Bin Khalifa University, Police, CNN, Digital Industry Group Inc, Elon, Twitter, ABC Radio Thursday, Digital Communication, University of Sydney, European, Thursday NSW Police Locations: Brisbane, Australia, Sydney, New South Wales, NSW, Westfield, Bondi, Russia, Australian, Queensland, Gaza, Qatar, European Union

☆ Opinion: What gun laws can’t stop
▼ + stars: | 2024-04-16 | by ( Opinion Latika Bourke | ) edition.cnn.com time to read: +8 min

“The videos (of the attack) speak for themselves don’t they?” Webb told the Australian Broadcasting Corporation (ABC). Steven Saphore/AAP/ReutersCauchi’s father Andrew Cauchi — who appeared devastated — believes his “monster” son may have deliberately set out to kill women, he told Australian media. He enacted strict gun control laws and initated a massive buyback scheme. “The evidence consistently shows that the underlying causes of violence directed toward women are rigid gender stereotypes, sexism and disrespect. Joel Cauchi had a fixation with blades and kept a collection of them, his father told the newspaper The Australian.

Persons: Latika Bourke, ”, Read, Latika Bourke Louis Douvis “, Julia Hartley, Brewer, Hartley, Karen Webb, Joel Cauchi, ” Webb, Webb, Steven Saphore, Reuters Cauchi’s, Andrew Cauchi —, —, John Howard, Australia’s, Julia Gillard, Bondi, Patty Kinnersly, Patty Kinnersly “, Bishop Mar Mari Emmanuel, Roman Quaedvlieg, “, X Quaedvlieg, they’d, Howard Organizations: Sydney Morning Herald, Love, CNN, New South Wales Police, Australian Broadcasting Corporation, ABC, Reuters, Port, Conservative, Global Institute, Women’s Leadership, Good Shepherd, Australian Jewish Association, X Locations: Australian, India, Sydney, British, Bondi’s, Westfield, Bondi, Port Arthur, London, Australia, United States

☆ Aussie lender ANZ loses case over troubled 2015 share placement worth $1.6 billion
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

"The landmark case reaffirms the importance of the continuous disclosure rules to maintain market integrity," the ASIC said in a statement on Friday. "The decision also confirms that a significant take-up of shares by underwriters in a capital raising may be considered price sensitive information requiring market disclosure." The maximum penalty under the court decision is A$1 million, ANZ said. The bank is reviewing the court judgement, it said, while the securities regulator said it would now make submissions on appropriate penalties. ($1 = 1.5838 Australian dollars)Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Steven Saphore, Sameer Manekar, Rashmi Organizations: New Zealand Banking Group, ANZ, REUTERS, Australia's ANZ, underwriters, Australian Securities and Investments Commission, Citigroup Inc, Deutsche Bank AG, Australian Competition, Consumer Commission, Thomson Locations: Australia, Sydney, Bengaluru

☆ Australia fines lender ANZ $9.6 mln for misleading customers over funds
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO: A pedestrian is reflected in the window of a branch of ANZ in central Sydney, Australia, October 25, 2017. The Australian lender falsely indicated to customers that they could avail cash advance from funds stated to be their 'Available Funds' without incurring fees and interest, according to the Australian Securities & Investments Commission (ASIC). The error resulted in customers being charged with thousands of dollars in fees while the average remediation paid was around $45 per affected account. "Many ANZ customers relied on the account information displayed by the bank and were charged fees that were inconsistent with that information," said ASIC Deputy Chair Sarah Court. "ANZ accepts responsibility for what has occurred and apologises to its customers, and has addressed the issues that gave rise to the contraventions," the lender said.

Persons: Steven Saphore, Sarah, Himanshi Akhand, Aishwarya Nair, Sherry Jacob, Phillips Organizations: ANZ, REUTERS, ANZ Group Holdings, Australian Securities & Investments Commission, National Consumer Credit, Thomson Locations: Sydney, Australia, Bengaluru

☆ Australia Aug ANZ-Indeed jobs ads jump most in over an year
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. Picture taken October 25, 2017. Data from Australia and New Zealand Banking Group (ANZ.AX) and employment website Indeed showed job ads rose 1.9% in August from July, the biggest increase since June 2022. Ads were, however, down 7.7% year-on-year earlier, but remained 52.2% above pre-pandemic levels. Reporting by Stella Qiu; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Steven Saphore, Stella Qiu, Kim Coghill Organizations: New Zealand Banking Group, ANZ, REUTERS, Rights, New Zealand Banking, Thomson Locations: Australia, Sydney

☆ Australia's ANZ Group and Suncorp seek review of $3.2 bln deal block
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore/File Photo Acquire Licensing RightsAug 25 (Reuters) - ANZ Group (ANZ.AX) and Suncorp Group (SUN.AX) said on Friday that they have filed separate applications to seek a tribunal review after Australia's competition regulator recently blocked ANZ's $3.2 billion buyout of Suncorp's banking arm. read moreBoth companies reaffirmed their mid-2024 target to execute the deal after the application to the Australian Competition Tribunal, an independent body that reviews ACCC decisions. ACCC acknowledged the companies' move, but declined to comment further. Reporting by John Biju in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Steven Saphore, John Biju, Dhanya Ann Thoppil Organizations: New Zealand Banking Group, ANZ, REUTERS, Suncorp Group, Australian Competition, Consumer Commission, Australian Competition Tribunal, ACCC, Thomson Locations: Australia, Sydney, Bengaluru

☆ Australia's ANZ Group and Suncorp seek review of $3.2 billion deal block
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

☆ ANZ Group reports higher late mortgage payments in stiff market
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore/File Photo/File Photo Acquire Licensing RightsSummaryCompanies Reports rise in customer depositsMarginal increase in gross impaired assetsAug 17 (Reuters) - ANZ Group Holdings (ANZ.AX) said on Thursday late mortgage repayments past 90 days edged higher in the June quarter but were still below historic levels while logging higher customer deposits in a stiff market. The country's fourth-largest bank is still dealing with rising financial stress among mortgage customers as higher cash interest rates put pressure on its margins. "Liability portfolio mix continued a shift towards higher interest rate, lower margin, savings accounts and term deposits," ANZ said in a statement. ANZ recorded a continued growth in retail and institutional customer deposits while flagging a marginal rise in its gross impaired assets.

Persons: Steven Saphore, Rishav Chatterjee, Nausheen, Shilpi Majumdar, Sherry Jacob, Phillips Organizations: New Zealand Banking Group, ANZ, REUTERS, ANZ Group Holdings, Thomson Locations: Australia, Sydney, Bengaluru

☆ Australia ANZ-Indeed jobs ads edge 0.4% higher in July
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. Data from Australia and New Zealand Banking Group (ANZ.AX) and employment website Indeed showed job ads rose 0.4% in July from June, when they fell 2.7%. "There are other signs labour market momentum is starting to slow as the RBA’s 400bp of hikes flow through to economic activity... this suggests we'll see a gradual cooling of the labour market from its very strong starting position." Markets suspect the cash rate is nearing its peak, with futures pricing in an even chance of a further rate hike to 4.35% in December. A majority of economists polled by Reuters expect the RBA could deliver the last hike in the fourth quarter.

Persons: Steven Saphore, Stella Qiu, Shri Navaratnam Organizations: New Zealand Banking Group, ANZ, REUTERS, New Zealand Banking, Reserve Bank of Australia, Reuters, Thomson Locations: Australia, Sydney

☆ Morning Bid: Nervy markets back on central bank watch
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia, February 10, 2017. Throwing markets a slight curveball on Tuesday, Australia's central bank raised rates, dashing expectations that they'd stand pat and sending the Aussie dollar higher. For the U.S. rates outlook, CME FedWatch tool shows that the probability of the Fed standing pat at the June 13-14 meeting is now at 82%. Elsewhere in Asia, Hong Kong-listed China property stocks surged on hopes that Beijing would roll out supportive measures soon to bolster the embattled sector. The dollar remained on the backfoot after U.S. service sector activity unexpectedly softened, setting the stage for a mixed European open.

Persons: Steven Saphore, Ankur Banerjee, Christine Lagarde, Binance, Changpeng Zhao, bitcoin, Bitcoin, Tim Cook, Sam Holmes Organizations: Reserve Bank of Australia, REUTERS, Ankur, Federal Reserve, ECB, Apple, Meta, Hollywood, Reuters Graphics Reuters, PMI, Thomson Locations: Sydney, Australia, Australia's, Asia, Hong Kong, China, Beijing, Japan, U.S, Netherlands, Germany, Singapore

☆ Australia hikes minimum wage as living costs surge
▼ + stars: | 2023-06-02 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Steven Saphore/File PhotoSYDNEY, June 2 (Reuters) - Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission (FWC) on Friday decided on a 5.75% pay rise for workers on awards with wages linked to movement in the minimum wage. It also made a technical reclassification for the national minimum wage, which the union says will take the increase to 8.6% for the lowest-paid employees, about 0.7% of the workforce. "Following several recent developments, including the outcome of today's minimum wage decision, we are adding a 25bp hike to our RBA profile in June and another 25bp in July." "Today's increase means these workers can keep their heads above water and not have to cut back even further."

Persons: Steven Saphore, Lin Ong, Philip Lowe, Taylor Nugent, Adam Hatcher, Hatcher, Andrew McKellar, Sally McManus, Stella Qiu, Shri Navaratnam Organizations: REUTERS, RBC Capital Markets, Reserve Bank of Australia, National Australia Bank, Australian Chamber of Commerce and Industry, Australian Council of Trade Unions, Thomson Locations: Sydney, Australia, Lincoln

☆ Australia's robust March employment suggests RBA may hike again
▼ + stars: | 2023-04-13 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Steven Saphore/File PhotoSummary Strong employment, jobless near 50-year lows keep RBA on alertFull-time employment surges, positive for household incomeData suggests strong Q1 inflation, see RBA hike again -analystSYDNEY, April 13 (Reuters) - Australia employment blew past expectations for a second month in March while the jobless rate held near 50-year lows, an unambiguously strong report that suggests the central bank's tightening campaign may not be over yet. Figures from the Australian Bureau of Statistics showed on Thursday net employment rose 53,000 in March from February, when they rebounded by a steep but slightly downwardly revised 63,600. The jobless rate stayed at 3.5%, when analysts had looked for a nudge up to 3.6%. Full-time employment surged by 72,200, after a hefty increase of 74,900 the previous month, an encouraging sign for household income. Reporting by Stella Qiu and Wayne Cole; Editing by Muralikumar Anantharaman and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ 50,000 march across Australia's Harbour Bridge for WorldPride
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] People march across the Sydney Harbour Bridge for equality as part of the 2023 WorldPride festival in Sydney, Australia, March 5, 2023. AAP Image/Steven Saphore via REUTERSSYDNEY, March 5 (Reuters) - Australian Prime Minister Anthony Albanese joined 50,000 revelers on Sunday in a march across Sydney's Harbour Bridge to celebrate the final day of WorldPride festival. "This is just a great celebration and it’s symbolic of bringing people together, the unity, that’s what a bridge does," said Albanese. Sydney is the first city in the southern hemisphere to host WorldPride, a global festival celebrating the LGBTQIA+ community. "I was in tears on the parade watching them, everything they’ve done and where we’ve come has just been great.

WELLINGTON, Jan 19 (Reuters) - The shock resignation of New Zealand Prime Minister Jacinda Ardern, who altered the face of global politics when she was elected the world's youngest female head of state, throws a spotlight on the demands faced by women in power. "We need people like Jacinda Ardern in politics. [1/2] New Zealand Prime Minister Jacinda Ardern during the Australia-New Zealand Leaders' Meeting at the Commonwealth Parliamentary Offices in Sydney, Australia, on Friday, July 8, 2022. "Certainly she really challenges the male stereotype of being a prime minister." Former Prime Minister Helen Clark said Ardern had done an "extraordinary job" in leading New Zealand through major crises.

☆ Australian economy on edge as fixed-rate mortgage pain looms in 2023
▼ + stars: | 2022-12-20 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

The cost of paying your mortgage is literally going up for everyone by thousands of dollars," said the 31-year-old Lemon. Australia's big four banks - Commonwealth Bank of Australia (CBA.AX), Westpac (WBC.AX), National Australia Bank (NAB.AX) and ANZ (ANZ.AX) - account for 75% of the country's mortgage market. read moreThe RBA fears 15% of the borrowers on variable rates could see their cash flows turn negative, assuming that interest rates rise to 3.6% in line with market expectations. Buyers' agent Lloyd Edge says some cautious mortgage holders have been selling up before their fixed-rate loans expire. Hundreds of thousands of Australians took advantage of the ultra low rates during the COVID pandemic to enter one of the world's least affordable housing markets.

☆ Australia PM to tour flood-hit Victoria as flood crisis continues
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +2 min

Australian Prime Minister Anthony Albanese speaks during the Australia-New Zealand Leaders' Meeting at the Commonwealth Parliamentary Offices in Sydney, Australia, on Friday, July 8, 2022. Steven SAPHORE/Pool via REUTERSSYDNEY, Oct 16 (Reuters) - Australian Prime Minister Anthony Albanese said on Sunday he would tour flood-hit parts of Victoria including Melbourne as three states continued to grapple with a flood crisis sparked by days of heavy rain. "This is a very severe weather event that's having an impact in urban communities but also in regional communities right throughout Victoria." In Melbourne, a flood clean-up was under way after the Maribyrnong River burst its banks on Friday, inundating suburbs close to the central business district. In Tasmania, 22 flood warnings were current, with most located near Launceston, the state's second biggest city.

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