Geopolitics
Geopolitics
Meta and YouTube Found Liable for Addictive Design in Landmark Child Safety Verdict
A California jury awarded $6 million to a plaintiff who argued that Instagram and YouTube's design features caused mental health harm, opening social media companies to a new category of product liability claims.
Geopolitics
The $650 billion question: Can Big Tech justify the AI spending spree?
Microsoft, Alphabet, Meta, and Amazon are on track to spend $650 billion on AI infrastructure by the end of 2026. Investors are starting to ask where the return is.
Geopolitics
Treasury modelling puts inflation at 5% as Chalmers seeks worse scenarios
The Treasurer says previously released Treasury scenarios are 'pretty conservative now' and has requested new modelling for a prolonged Middle East conflict.
Geopolitics
NSW renters can transfer bonds between properties for $25 under new scheme
The NSW Government's Smart Rental Bonds scheme lets tenants shift their bond to a new property instead of scraping together thousands for a second deposit. It's in testing now ahead of a mid-2026 launch.
Geopolitics
AEMO pushes gas shortfall forecast to 2030 as battery boom eats into demand
Australia's looming gas supply crunch has been delayed another year, with accelerating electrification and 30 GW of battery storage in the pipeline cutting deeper into gas consumption than expected.
Geopolitics
RBA Hikes Cash Rate to 4.10% as Bullock Warns of Recession Risk
The second rate rise of 2026 passed by a single vote, with the Governor pointing to sticky inflation and oil price shocks.
Geopolitics
NVIDIA Sees $1 Trillion in AI Chip Orders Through 2027
Jensen Huang doubles the forecast at GTC 2026 as hyperscalers scramble for Blackwell and Rubin GPUs.
Geopolitics
Victoria Park to close as Brisbane's $3.8b Olympic stadium build begins
Queensland's government has issued closure notices for Victoria Park, with early site preparations set to begin on June 1 ahead of the 63,000-seat Brisbane Olympic stadium.
Geopolitics
Two 18-Year-Olds Fall on Closed Mount Beerwah Trail, One Dead
A woman died when she fell 60 metres down a closed hiking trail in Queensland on Monday. Her companion fell 90 metres and remains in critical condition.
Geopolitics
Meta Ordered to Pay $375 Million in New Mexico Over Child Safety Failures
A Santa Fe jury found Meta liable for concealing predator risks on Facebook and Instagram, marking the first time a state has prevailed at trial against a major tech company over child harm.
Geopolitics
Cory Booker Wants to Talk About Congress's War Powers Problem. Not Just Trump's.
A senator's resolution exposes 53 years of abdication. Both parties have enabled it.
Geopolitics
Food bills set to spike as diesel crisis leaves farmers stranded
Diesel topped $3 a litre in every capital except Darwin last week. Farmers in Queensland, Western Australia and Victoria say they can't get enough to run their machinery.