News
Anthony Albanese sworn in as Australia’s 31st Prime Minister
Labor Party Leader Anthony Albanese is Australia’s new prime minister, marking the end of almost a decade’s rule for the conservative coalition
In a ceremony at Government House in Canberra, Albanese took an oath to “well and truly serve the Commonwealth of Australia”.
It was all officiated by Governor-General David Hurley, with MP Richard Marles sworn in as deputy PM and senator Penny Wong becoming foreign minister.
The appointment of Wong marks the first occasion a person born outside of Australia has held the role.
It comes just hours before Albanese and his delegation will travel to Tokyo for an international leaders’ summit.
The rest of the ministry will be sworn in when the prime minister returns from the high-stakes talks.
Outgoing Prime Minister Scott Morrison conceded defeat on Saturday night and said he would also be stepping down as leader of his centre-right Liberal Party.
“I’ve always believed in Australians and their judgement and I’ve always been prepared to accept their verdicts and tonight they have delivered their verdict and I congratulate Anthony Albanese.”
Former australian pm, scott morrison
Partial election results showed independents gaining seats in the lower chamber of parliament.
The so-called “teal independents” with mostly women, who campaigned for more action on climate change, integrity and gender equality toppled the Liberal party in several urban strongholds.
And a strong showing from the left-wing Greens Party ate into Labor’s vote share in many seats.
The makeup of the new parliament looks set to be much less climate-sceptic than the one that supported Morrison’s pro-coal mining administration.
At Sydney’s popular Bondi beach, Australians were upbeat about action on climate change under the country’s new leadership:
“Lovely to see the independents, I think. Real change and a step forward for the environment.”
“If we can get action on climate change, then that’s going to be quite exciting.”
It’s still unclear whether the Labor party will govern with a majority or with the help of some independents or Greens.
Labor is still several seats short of winning more than half the seats in the lower house, with about a dozen electorates deemed too close to call.
Official results could be several days away, with the counting of a record 2.7 million postal votes to begin Sunday afternoon.
News
RBA rate hike fears & Fed cuts shake Wall Street
Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.
Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.
Fresh jobs data has sparked speculation that the Reserve Bank of Australia may raise rates sooner than expected. Market watchers are weighing how steady unemployment may mask deeper labor-market weaknesses and what that means for the Australian economy.
Kyle Rodda from Capital.com breaks down why some economists now expect the RBA could move twice in 2026 and how tighter financial conditions may influence households and businesses.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#RBA #FedRateCut #WallStreet #InterestRates #AustralianEconomy #Investing #Markets #FinanceNews
News
Netflix vs Paramount: The Warner Bros takeover battle explained
Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.
Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.
The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.
Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.
Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker
SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.
Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.
The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.
SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup
-
Leaders3 days agoH2Pro focuses on affordable green hydrogen
-
Leaders3 days ago
CarbonBlue revolutionises carbon capture and lime production
-
Shows4 days ago
Brisbane’s economic growth and innovation drive 2032 goals
-
Leaders2 days ago
Yosef Farm showcases successful organic farming in the desert
-
Shows4 days ago
Fusion of East and West: A recipe for success
-
Leaders2 days ago
HomeBiogas transforms waste into clean energy in 30,000 homes
-
Shows4 days ago
Victoria’s new granny flat rules spark a modular housing boom
-
News4 days ago
China naval activity raises tensions from Philippines to Galápagos
