Wall Street rises despite Meta crashing on AI spending fears. The ASX is poised for a strong rebound after seven consecutive losing sessions. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Merimbula Lake on NSW's Far South Coast has become the leading oyster-growing region, doubling production in a decade and surpassing traditional areas. The NSW government aims to triple the industry's value to $300 million by 2030 through investment in technology and grants, while addressing challenges like disease and finance.
Northern Territory families are spending the highest proportion of their income on housing costs compared to anywhere else in Australia. A report by NTCOSS highlights rising cost-of-living pressures, including rent, fuel, and power, leading to increased homelessness and power disconnections.
Australia and its Five Eyes partners issued a rare joint warning about Chinese spies using LinkedIn and job platforms to recruit individuals with access to sensitive information. The spies pose as recruiters for fake firms, lure targets with job offers, conduct interviews, and request reports, eventually shifting to encrypted apps and offering payment.
The US is proposing a tariff increase on Australian products to 12.5% as part of a new Section 301 investigation into forced labor. This move aims to circumvent previous court rulings and re-establish a tariff regime similar to the one previously dismantled by the Supreme Court.
Boxing Victoria has suspended Nick Tsioulos, owner of Melbourne's Club Titans gym, after learning neo-Nazi leader Thomas Sewell was training there. Sewell's organization was recently designated a hate group.
Four neo-Nazis have been found guilty of offensive behaviour for disrupting a Melbourne Anzac Day dawn service by booing an Indigenous elder. Magistrate James FitzGerald ruled the act was offensive given the event's solemn nature.
