The International Olympic Committee has lifted its restrictions on Belarusian athletes competing under their own flag, although World Athletics has said it will keep its ban in place.
A major Telstra outage on Wednesday caused significant disruption to small businesses, with an expert estimating the economic cost could reach hundreds of millions of dollars. Businesses reported being unable to communicate with clients and suppliers, leading to lost sales and productivity.
Disability support provider Yooralla has back-paid over 1,300 employees $2.05 million due to a clerical error in payroll systems from March 2018 to March 2024. The organization self-reported the issue to the Fair Work Ombudsman and entered an enforceable undertaking to upgrade protocols.
Despite US sanctions and recent strikes in the Strait of Hormuz, Iran has generated billions from oil sales, exceeding pre-war forecasts. The US blockade, intended to restrict Iran's oil exports, was lifted under a Memorandum of Understanding (MOU), allowing Iran to move stored oil and circumvent sanctions through ship-to-ship transfers and new evasion techniques.
Telstra is still experiencing issues with some emergency calls following a nationwide outage caused by a software defect. The ASX 200 opened lower, with most sectors down except Energy and Utilities. Wall Street and European markets also saw declines, while oil prices surged.
Australian Moringa growers are uncertain about selling their product after FSANZ ruled it unsafe for human consumption. An appeal is underway, but a new application could take two years.
SunRice plans to reduce milling operations in southern NSW due to lower rice supply from drought and water buybacks, potentially leading to hundreds of job losses and impacting regional economies. Government acknowledges concerns but emphasizes environmental sustainability.
