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Yen steadies, dollar slips as China reaches for stimulus
  + stars: | 2024-09-30 | by ( ) www.cnbc.com   time to read: +3 min
Japanese 10,000 yen banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph in Tokyo, Japan. The yen slipped about 0.4% to 142.75 per dollar after jumping 1.8% on Friday. European inflation data on Tuesday and Chinese data due later on Monday are also keenly awaited. The New Zealand dollar was up 0.3% at $0.6360 after hitting its highest since December on Friday. "The trend over next year or so is for the dollar to go down," said Commonwealth Bank of Australia strategist Joe Capurso.
Persons: Shigeru Ishiba, Ishiba, Ray Attrill, Joe Capurso Organizations: Liberal Democratic Party, NHK, Bank of Japan, National, New, New Zealand, U.S, U.S . Federal, Commonwealth Bank of Australia Locations: Tokyo, Japan, National Australia, China, U.S .
Rebel Wilson and her fiancée Ramona Agruma married in Italy on September 28, per People. Wilson announced her relationship with Agruma in June 2022 after she was almost outed by a reporter. AdvertisementRebel Wilson and her partner Ramona Agruma are now married. Instagram/Rebel Wilson (@rebelwilson)Before dating Agruma, Wilson's last publicly known relationship was with Jacob Bush, a member of the Anheuser-Busch family, per Forbes. I end with, 'So in this cliché way, on this cliché day, Ramona Agruma, will you marry me?'
Persons: Rebel Wilson, Ramona Agruma, Wilson, Agruma, , Royce Lillian Elizabeth, Instagram, Wilson's, Jacob Bush, Busch, Bush, Lemon, , Andrew Hornery, Hornery, Scott Eisen, Airbnb Wilson, Ramona Organizations: Service, Business, Anheuser, Forbes, Disney, Sydney Morning Herald Locations: Italy, Australian, Sardinia, Lemon Limon, Los Angeles
Over the years, travelers have repeatedly been warned to avoid public Wi-Fi in places like airports and coffee shops. Airport Wi-Fi, in particular, is known to be a hacker honeypot, due to what is typically relatively lax security. He allegedly set up a fake Wi-Fi network to steal email or social media credentials. How to avoid becoming a victim of this cybercrimeWhen in public places, experts say it's best to use alternatives to public WiFi networks. Alcorn says evil twin attacks are "definitely" occurring with regularity in the United States, it's just rare for someone to get caught because they are such stealth attacks.
Persons: Matt Radolec, Radolec, Today's, Brian Alcorn, you've, Alcorn, Brian Callahan, Callahan, Boingo, Aaron Walton Organizations: Rensselaer Polytechnic Institute, Dallas Fort Worth International, City, Boingo, Australian Federal Police, AFP Locations: Australia, United States, Australian, Perth , Melbourne, Adelaide, Cincinnati, Rensselaer, City of Dallas, North America
In 2022, a 10-year national recovery plan was launched to stop the decline in numbers and improve the size, quality and connectivity of koala habitat in the listed areas. “I often think, ‘Am I sitting here, seeing the last of Queensland koalas filtering through, as I work with them?’”One of three subspecies, Queensland koalas are smaller and grayer than their southern cousins, and are the kind often seen in photos with celebrities and foreign dignitaries. “Aussies would be horrified to know that we are bulldozing koala habitat at the rate that we are,” she said. Koala habitat squeezed in citiesWith a human population of 2.5 million, Brisbane is one of Australia’s fastest-growing capital cities. Declining numbersMost of the ambition for vast tracts of new koala habitat in Queensland lies outside Brisbane’s established inner-city suburbs.
Persons: Sophia Windsor, , ” Sophia Windsor, Sophia Windsor Koalas, they’re, Max, Sue Minter Walter, Hilary Whiteman, telltale, Kelly Batten, , John Knights, United Kingdom who’s, CNN He’s, he’s, Knights, Murray Chambers, CNN Murray Chambers, “ You’ve, Chambers, “ We’re, Trent, Windsor, Tim Portas, ” Portas, , Japan's Naomi Osaka, Patrick Hamilton, Natalie Frost, Paul Hilton, Gemma Plesman, Frost, Jo Murray, ” Murray, Residents Jo Murray, Colleen Holland, woodcutters, , Garth Nolah, Karin Machell, Beau, Louis, can’t, Murray, they’ve, CNN’s, Bill Ellis, Adrian Schrinner, Council Ellis, we’ll, I’m, It’s, CNN Trent’s, Australia – Windsor, ” Windsor, reckons he’s, They’re Organizations: Australia CNN, Wallabies, CNN, Brisbane, Olympic Games, Windsor, Knights, Koala Rescue, RSPCA Wildlife Hospital, RSPCA Queensland National, Australian Capital Territory, Queensland, Department of Environment, Science, Lone Pine, Brisbane International, Getty, Koalas Fund, Queensland Conservation, Greenpeace, Greenpeace Greenpeace, Greenpeace Australia Pacific, Residents, NBA, Moreton Bay Council, Council, University of Queensland, Brisbane City Council, Brisbane Lord, Gravatt, Mount Gravatt Outlook, Reserve Locations: Brisbane, Australia, Queensland, Australia’s, Windsor, backyards, Tarragindi, Toohey Forest, United Kingdom, Koala, , New South Wales, South East Queensland, Lone, AFP, Wamuran, Mulga, city’s, Lawnton, Brisbane’s, Moreton, Moreton Bay, ” Moreton, Brisbane City, “ Brisbane, Trent, Australian, Whites
SYDNEY, Australia — Pesto the huge king penguin chick has drawn hundreds of visitors to an Australian aquarium, and now the bird can count Katy Perry as one of his biggest fans. Chocolate-brown and fluffy, Pesto is a 9-month-old king penguin that weighs 52 pounds, more than twice the combined weight of his parents. Most of Pesto’s weight comes from the brown fuzz that keeps penguin chicks warm through winter. Like all king penguins, Pesto is non-sexually dimorphic, which means he does not have externally visible traits that distinguish him from female penguins. The average parental care for a baby king penguin can span over a year.
Persons: Australia —, Katy Perry, Pesto ”, Michaela Smale, “ We’ve, ” Smale Organizations: Australian Football League, Channel Seven, Melbourne, Reuters Locations: SYDNEY, Australia, U.S, Melbourne
Dollar firm following sharp rebound as Fed speakers eyed
  + stars: | 2024-09-26 | by ( ) www.cnbc.com   time to read: +4 min
Earlier this week, Chicago Fed President Austan Goolsbee said policymakers "can't be behind the curve" if the economy is to have a soft landing. Atlanta Fed President Raphael Bostic said the central bank needn't go on a "mad dash" to lower rates. Later Thursday, Fed Chair Jerome Powell gives pre-recorded remarks at a conference in New York, where New York Fed President John Williams also speaks. Boston Fed President Susan Collins and Fed Governors Michelle Bowman and Lisa Cook take to the podium at various other venues as well. Minutes from the Bank of Japan's July meeting, when the central bank raised short-term interest rates, showed policymakers were divided on how quickly the central bank should raise interest rates further.
Persons: Adriana Kugler, Austan Goolsbee, Raphael Bostic, I'm, it's, Kenneth Crompton, Jerome Powell, John Williams, Susan Collins, Michelle Bowman, Lisa Cook, NAB's Crompton, Sterling, bitcoin Organizations: Reserve, Fed, Chicago Fed, Atlanta Fed, National Australia Bank, New York Fed, Boston, Weekly U.S, Traders, Bank of Japan's, Swiss Locations: New York
Australian, New Zealand dollars scale new highs on China boost
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: +3 min
An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against a weaker dollar, as China's aggressive stimulus package provided the latest shot in the arm for risk appetite. Data on Tuesday showed U.S. consumer confidence unexpectedly fell in September, amid mounting worries over the health of the labor market. Against a basket of currencies, the dollar last stood at 100.28, languishing near a more than one-year low of 100.21. The dollar index had fallen more than 0.5% in the previous session, its largest one-day percentage fall in a month.
Persons: Sterling, Carol Kong, Wells Organizations: New, Bank of, Federal Reserve, Commonwealth Bank of Australia, greenback, Markets Locations: Australian, New Zealand, Hong Kong, China, Bank of England, U.S, Wells Fargo
Rare earth elements, such as lanthanum, neodymium and terbium, are critical for helping the world break its long, destructive relationship with planet-heating fossil fuels. These materials — so-called rare earths — are not actually that rare but can be challenging to extract as they are often found in low concentrations. They wanted to understand whether this was “a geological accident, or is there something inherent about those iron-rich volcanoes that makes them rich in rare earth elements?” Anenburg told CNN. Pilot Knob National Wildlife Refuge in Missouri, a former iron-ore mine, could also hold rare earth elements. Some experts have suggested there should be more of a focus on recycling rare earth elements rather than mining.
Persons: , Michael Anenburg, Anenburg, Jamie Kidston, Lingli Zhou Organizations: CNN, Australian National University, University of, Chinese Academy of Sciences, ANU, Companies, Vrije Universiteit Amsterdam, Wildlife Locations: China, Kiruna, Arctic Sweden, United States, Chile, Australia, Vrije, , Missouri
The Australian dollar hovered close to its highest level of the year on Tuesday, with the central bank set to hold policy steady later and traders focused on any hints of potential near-term easing. The Australian dollar hovered close to its highest level of the year on Tuesday, with the central bank set to hold policy steady later and traders focused on any hints of potential near-term easing. The yen edged up to 143.45 per dollar, but remained close to the center of its September range of 147.20 to 139.58, a more than one-year peak reached on Sept. 16. The yen has retreated amid waning bets for aggressive tightening by the BOJ, particularly after governor Ueda struck a cautious tone of Friday, saying the central bank would spend some time monitoring global growth risks. The BoE kept rates unchanged last Thursday, with its governor saying the central bank had to be "careful not to cut too fast or by too much".
Persons: Kazuo Ueda, , Pan Gongsheng, Ueda, Sterling, BoE Organizations: U.S, Bank of Japan, Bank of England, Federal Reserve, European Central Bank, Reuters, Commonwealth Bank of Australia, People's Bank of China, P Global Locations: China
Australia's central bank keeps rates on hold, stays hawkish
  + stars: | 2024-09-24 | by ( ) www.cnbc.com   time to read: +2 min
Reserve Bank of Australia (RBA) at the central bank's building in Sydney, Australia on May 2, 2022. The hawkish stance sent the Australian dollar 0.4% higher to $0.6864, the highest this year, and markets pared the chance of a December rate cut to 59% from 64% before the decision. Markets had wagered heavily on a steady outcome given underlying inflation remained sticky and the labor market held up surprisingly well. Governor Michele Bullock has used every opportunity recently to stress that the central bank does not expect a near-term rate cut. The RBA already trails other central bank in cutting rates, and the political pressure is ramping up for an easing.
Persons: Michele Bullock Organizations: Bank of Australia, Federal Reserve, Reserve Bank of Australia, Wednesday, Greens, Monday Locations: Sydney, Australia, Australia's
Bitcoin jumps while Japan holiday dulls most currencies
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: +4 min
The Bank of Japan left interest rates unchanged last week and indicated it was not in a hurry to hike them again. That decision, coming just days after the Fed's 50 basis points rate cut, put a pause to the yen's sharp gains this month. With Japan closed for Autumnal Equinox Day, the main driver of trade was expectations around further Fed rate cuts and the gains those have spurred in equities, commodity currencies and other risk assets. The Fed's rate cut "appears to have calmed market fears of a U.S. recession", Goldman Sachs said in a note. Meanwhile, the majority of economists polled by Reuters anticipate two more 25 bps rate cuts at the Fed's final two meetings this year.
Persons: Bitcoin, Goldman Sachs, Christopher Waller, Fumio Kishida, Takaichi —, , Shigeru Ishiba, Shinjiro Koizumi, Junichiro Koizumi, Takaichi, pare Organizations: Federal, Bank of Japan, Japan, U.S, U.S ., FedWatch, Treasury, Reuters, House Republicans, Liberal Democratic Party, Barclays, The Bank of Locations: United States, Japan, U.S, The Bank of England
Hussein Malla / AP“We have examples where supply chains were compromised in very elaborate, long lasting, super sophisticated ways for espionage. This may be the first supply chain attack that actually really deserves to be called a supply chain attack,” said Thomas Rid, a Johns Hopkins University professor who studies the history of intelligence operations. “Supply chain compromises are tried and true in intelligence work,” said Harding, who is the director of the Intelligence, National Security, and Technology Program at the Center for Strategic and International Studies. “I literally cannot think of a single example that is unclassified.”But she said the combined scope, planning and violence behind the pager and walkie-talkie operation made it a unique incident in the history of supply chain compromises. While the attack in Lebanon broke with spy agencies’ tradition by using a supply chain for an attack rather than for espionage, it could benefit Israel’s military objectives and have larger political implications.
Persons: It’s, Hussein Malla, , Thomas, Israel, Icom, pagers, Emily Harding, Harding, , Edward Snowden, There’s, Fidel Castro, Yahya Ayyash, it’s Organizations: NBC News, Johns Hopkins University, Lebanon’s Telecommunications Ministry, New York Times, CIA, U.S . National Security Council, Intelligence, National Security, Technology, Center for Strategic, International Studies, Crypto, Washington Post, ZDF, National Security Agency, NSA, FBI, Australian Federal Police Locations: Israel, Beirut, Swiss, Cuban, Lebanon
CNN —Coco Gauff has parted ways with her coach, Brad Gilbert, following a series of poor results culminating in a failed defense of her US Open title. 6 lost in the fourth round of the US Open to American Emma Navarro, who had also bested her in the fourth round at Wimbledon just months before. “Mentally and emotionally, I gave it my all,” Gauff told reporters after her loss to Navarro. Gilbert paid tribute to Gauff on X – formerly known as Twitter – on Wednesday, writing: “Thanks to Coco Gauff and the entire team for an absolutely amazing summer run in 2023 and for 14 months of incredible team effort. Brad Gilbert coaches Coco Gauff of the United States during practice ahead of the US Open on August 24, 2024.
Persons: Coco Gauff, Brad Gilbert, American Emma Navarro, Gilbert, Gauff, ” Gauff, Navarro, Robert Prange, , Organizations: CNN, Wimbledon, Twitter, Auckland Locations: American, Cincinnati, Washington, Berlin, Wimbledon, Toronto, Flushing Meadows, United States
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen we purchased a three-bedroom fixer-upper in Melbourne, Australia, in 2017, we couldn't wait to move in and get started renovating. Over the course of three years, we spent just over $80,000 Australian dollars, about $54,000, transforming it into our dream home. Here are five fairly low cost upgrades that really boosted our property's appeal and got many compliments from friends and family. AdvertisementIt only cost about AU$200 to make, but it really added to the property's street appeal.
Persons: , Cameron Church Organizations: Service, Business Locations: Melbourne, Australia
Dollar rebounds after Fed goes big on rate cut
  + stars: | 2024-09-19 | by ( ) www.cnbc.com   time to read: +4 min
The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. Fed policymakers on Wednesday projected the benchmark interest rate would fall by another half of a percentage point by the end of this year, a full percentage point next year and half of a percentage point in 2026, though they said the outlook that far into the future is necessarily uncertain. "So to expect an easing today because of what the Fed has done seems a little bit too hard to believe." Elsewhere, the Australian dollar edged up 0.05% against its U.S. counterpart to $0.6768, while the New Zealand dollar advanced 0.04% to $0.6210.
Persons: Jerome Powell, it's, Rodrigo Catril, , Eric Robertsen, Sterling, NAB's Organizations: U.S, Wednesday, Reuters, National Australia Bank, Bank of England, New Zealand Locations: U.S, Singapore
CNN —Australian police said Wednesday they have infiltrated Ghost, an encrypted global communications app developed for criminals, leading to dozens of arrests. In an undated photo provided by the Australian Federal Police, illicit drugs are found in a concealed compartment in a vehicle. Australian Federal Police/APPolice allege that Jung developed the app specifically for criminal use in 2017. Australian police technicians were able to modify software updates regularly pushed out by the administrator, McCartney said. The modified smartphones sold for 2,350 Australian dollars ($1,590) which included a six-month subscription to Ghost and tech support.
Persons: Jay Je Yoon Jung, Jung, Ian McCartney, , ” McCartney, Kirsty Schofield, Col, Florian Manet, McCartney, Organizations: CNN, Australian Federal Police, AP Police, Home Affairs Ministry, Command, Department, Australian, ’ Sydney Locations: Canada, Sweden, Ireland, Italy, Australia
Dollar catches footing ahead of Fed
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: +3 min
The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later. A rate cut is fully priced, with interest rate futures implying a 63% chance of a 50 basis point cut, after flirting with 70% a day earlier. Traders say the Fed's tone as well as the size of the rate cut will drive the next moves in the foreign exchange market. China's stock, bond and currency markets resume trade on Wednesday after the mid-autumn festival break, though it is a holiday on Wednesday in Hong Kong.
Persons: Nathan Swami, Swami Organizations: Federal, Traders, Citi, Australian, New Zealand, Sterling, Bank of, ANZ Bank Locations: Buenos Aires, Argentina, Asia, U.S, Japan, Atlanta, Singapore, Hong Kong, Bank of England
PHOENIX — Members of an Arizona tribe are trying to persuade a federal judge to extend a temporary ban on exploratory drilling for a lithium project near lands they have used for religious and cultural ceremonies for centuries. The case is among the latest legal fights pitting Native American tribes and environmentalists against President Joe Biden’s administration as green energy projects encroach on lands that are culturally significant. The springs have served as a place of healing and prayer for generations, the tribe has said in court filings. Federal land managers also are expected to issue a draft environmental review of a lithium mine planned by Australian company Ioneer Ltd. between Reno and Las Vegas. Backers of Arizona Lithium’s project include the Navajo Transitional Energy Company, which announced its plans in 2022 to join with the Australian company and work as a contractor on the project.
Persons: Joe Biden’s, Thacker, Ha’Kamwe ’, , NTEC, Hualapai Organizations: PHOENIX, of Land Management, Arizona Lithium Ltd, Ioneer, Center for Biological Diversity, Mining, Historic Preservation, Environmental, Government, Navajo Transitional Energy Company Locations: Arizona, U.S, Phoenix, Las Vegas, Nevada, Oregon, Reno, Sandy, Colorado
Dollar pinned down by 50 bp Fed cut bets
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: +2 min
The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate cut. The euro rallied overnight to $1.1138 and traded around there early in the Asia session, not far from the year's high against the dollar of $1.1201. Fed funds futures rallied on Monday to push the chance of a 50 basis point rate cut to 67%, against 30% a week ago. "That's because the contrast between central bank outlooks will remain starkest between the Fed and the BoJ, for the time being." The U.S. dollar index weakened 0.4% overnight to 100.7, not far from its 2024 low made last month at 100.51.
Persons: Sterling — Organizations: Macquarie, Fed, Bank of, The Bank of England, New, U.S Locations: U.S, Asia, Tokyo, Bank of Japan, New Zealand
Australian former F1 driver Mark Webber partakes in Ricciardo's infamous 'Shoey' celebration, drinking champagne out of Ricciardo's race boot. Ricciardo became the 14th Australian driver to start a race when he made his debut for HRT F1 Team in 2011. He replaced Dutchman Nyck de Vries mid-season at the junior team, renamed to AlphaTauri and rebranded as the “sister team” to Red Bull. Red Bull realitiesRicciardo’s return to Red Bull marked a full circle moment for the Aussie, having joined the team’s academy in 2008. Despite having a contract for the next two seasons, incumbent Red Bull second driver Sergio Pérez is on the hotseat after recent struggles.
Persons: CNN — Daniel Ricciardo, , Sebastian Vettel, Ricciardo, Honey, ” Ricciardo, , Rudy Carezzevoli, Blake Mills, Blake, “ He’s, , “ Josh, I’ve, , I’m, Mark Webber partakes, Mark Thompson, Jack Brabham, Alan Jones, Mark Webber, Oscar Piastri, Jack Doohan, Toro Rosso, Webber, Vettel, Lewis Hamilton, Nico Rosberg, Red Bull, Max Verstappen, Lando Norris, McLaren’s, Bull, Nyck de Vries, it’s, Peter Fox, don’t, you’re, “ I’ve, De Vries, Alex Albon, Pierre Gasly, ‘ Let’s, ’ ”, Red, Liam Lawson, Sergio Pérez Organizations: CNN, Red Bull, CNN Sport, Brabham, HRT, McLaren, Australian, Bull’s, Austrian, Mercedes, Monaco, Renault, Prix, Formula, One Locations: Perth, Western Australia, Ngilgi, Australia, Ricciardo's, Australian, Melbourne, Canada, Hungary, Belgium, Monaco, British, Hungarian, Europe
In fact, I've visited 109 countries and have attended major events like the Olympics, Grand Slam tournaments, and the World Cup. I've also attended a number of local sporting events in different countries, which have allowed me to meet new people, try different foods, and learn about cultural traditions. AdvertisementHere are five of the sporting events I've attended around the world that I think should be on everyone's travel bucket list. At many major sporting events, there are free fan events where people can gather to watch the game. My hometown in Australia is also an excellent place to check out local sporting events.
Persons: , I've, Ash Jurberg, Jurberg, Roger Federer Organizations: Service, Business, Hanshin Tigers, Ice, University of Texas, Longhorn, Melbourne Locations: Japan, Finland, Helsinki, Bhutan, American, Texas, Australia
Tech billionaire Elon Musk on Thursday called the Australian government “fascists” over plans to crack down on misinformation online. Social media companies could face fines up to 5% of their global revenue if they enable the spread of misinformation, under a law proposed Thursday by Australia’s Labor government. Musk, who considers himself a free speech advocate, made the one-word comment in a repost on his social media platform X of an article about the proposed legislation. “Elon Musk’s had more positions on free speech than the Kama Sutra,” Government Services Minister Bill Shorten told the Australian network Channel Nine on Friday. The case is one of several that are ongoing between X and the Australian regulator, eSafety.
Persons: Elon Musk, , Musk, “ Elon Musk’s, Stephen Jones, Elon, ” Jones, Michelle Rowland, X, Anthony Albanese Organizations: Tech, Social, Australia’s Labor, Government, Australian, Australian Broadcasting Corp, , , Twitter Locations: Australia
Elon Musk's war of words with Australia is escalating after he called the government "fascists." The billionaire criticized Australia's new social media bill, which would see sites like X face fines over misinformation. Musk is at war on many fronts, with X being suspended in Brazil and criticized for fuelling riots in the UK. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk called the Australian government "fascists" in a one-word response to a post on X detailing the country's planned new social media regulation.
Persons: Elon, Australia's, , Elon Musk Organizations: Service, Business Locations: Australia, Brazil
CNN —A problematic airline passenger has been hit with an unusual form of punishment – he has to pay back the airline for the cost of fuel. According to the Australian Federal Police, a then-32-year-old man from Western Australia was disruptive on a flight headed from Perth to Sydney. Now, the passenger has been ordered to pay $8,630 AUD ($5,806 USD) back to the airline to cover the cost of the wasted fuel. While charging a disruptive traveler for the cost of fuel is not a typical penalty, other kinds of fines are more common. The single highest individual penalty, $40,823, was issued to a traveler who brought their own alcohol on board, was intoxicated, attempted to smoke marijuana in the lavatory, and sexually assaulted a flight attendant – all in a single flight.
Persons: ” Shona Davis, , Organizations: CNN, Australian Federal Police, US Federal Aviation Administration, Department of Justice Locations: Western Australia, Perth, Sydney, United States
Tech billionaire Elon Musk on Thursday called the Australian government "fascists" over plans to crack down on misinformation online. "Elon Musk's had more positions on free speech than the Kama Sutra," Government Services Minister Bill Shorten told the Australian network Channel Nine on Friday. "I mean, is this what he thinks free speech is all about?" At the time, Australian Prime Minister Anthony Albanese called Musk an "arrogant billionaire who thinks he is above the law." The Australian regulator later dropped its legal effort after a federal court refused to extend a temporary order to block the graphic content.
Persons: Elon Musk, Musk, Elon Musk's, Stephen Jones, Elon, Jones, Michelle Rowland, X, Anthony Albanese Organizations: Tech, Social, Australia's Labor, Government, Australian, Australian Broadcasting Corp, Twitter Locations: Australia
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