Risk Optus breach can weaken banks: RBA
The Reserve Bank of Australia is warning that large-scale data breaches and cyberattacks could destabilise financial institutions.
The Reserve Bank of Australia is warning that large-scale data breaches and cyberattacks could destabilise financial institutions.
An array of mechanisms are in play to cut emissions, with new laws simply setting a framework for detailed climate response tools that are yet to be argued out.
The ASX has dropped to a 19-month low after its sixth straight losing session and worst weekly performance since March 2020.
The local share market has suffered its worst losses since 1 May 2020, and is now down 7.3 per cent in June.
Blue carbon projects could provide a win for Traditional Owners, biodiversity and corporates who need to satisfy climate-savvy customers and offset emissions.
Australia's carbon emissions need to peak during the next parliament to achieve net zero by 2050, but there's no expectation the major parties will change tack.
The Australian stock market has fallen sharply, with major retailers hitting multi-year lows on fears of rising fuel and freight costs.
Technology companies have led stocks lower on Wall Street as investors weighed the implications of higher interest rates.
Traders are waiting to see if Europe's top central banks, the ECB and Bank of England, match the US Federal Reserve's upbeat message and cut stimulus.
The US Fed will end pandemic-era bond purchases as it exits from policies enacted at the start of the health crisis. Wall Street reacted to end sharply higher.
With expectations solidifying that the US Federal Reserve will this week announce a faster wind-down of asset purchases, Wall Street has ended lower.
European shares have risen as investors looked beyond the spread of the Omicron coronavirus variant.
Investors on edge ahead of a slew of central bank decisions this week are also being rattled by the spread of Omicron, leading Asian stocks and oil prices down.