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Australian households brace for energy price hike on July 1

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Many people already feeling the crunch of rising living costs are set to be hit once again come the new financial year

 
While inflation has finally begun cooling in Australia, it’s been a tough few months for many people.

Especially when the cure for it can bite just as bad as the disease in the short term.

The Reserve Bank of Australia frustrated many when it increased interest rates to 4.1 per cent in June – a level not seen since early 2012.

As if it wasn’t hard enough already, energy prices are set to rise in the new financial year.

Over a quarter of Australian adults say their savings are going backwards, and half aren’t able to save as much as they usually could as they are dipping into their savings to cover everyday costs.

That’s according to a new survey of 3,000 people conducted by Compare the Market.

Compare the Market’s General Manager of Money, Stephen Zeller, said the report held a mirror to a nation dealing with surging inflationary pressures and cash rate rises.

“There has been unprecedented financial change in the last 12 months and unfortunately the turmoil doesn’t look likely to end anytime soon,” Mr Zeller said.

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AWS outage sparks business reputation risks

AWS outage underscores risks of single tech reliance; Darren Woolley offers strategies for brands to mitigate potential damage.

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AWS outage underscores risks of single tech reliance; Darren Woolley offers strategies for brands to mitigate potential damage.


A major Amazon Web Services outage highlights the dangers of relying on a single tech partner, with brands facing potential repetitional damage.

Darren Woolley from TrinityP3 discusses strategies to mitigate such risks.

#AWS #CloudComputing #TechOutage #BusinessRisk #TrinityP3 #BrandReputation #TechDependency #CloudStrategy


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Bitcoin’s weakness sparks market warning

Bitcoin’s stagnation amid asset rallies signals potential deeper issues in speculative markets, hinting at tougher times ahead.

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Bitcoin’s stagnation amid asset rallies signals potential deeper issues in speculative markets, hinting at tougher times ahead.


Bitcoin’s failure to rebound while other assets rally could signal deeper cracks in speculative markets.

Analysts warn it may foreshadow tougher times ahead.

#Bitcoin #Crypto #Markets #DavidScutt #StoneX #Investing #Fed #Inflation #Stocks #MarketWarning


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OpenAI launches Atlas to rival Google

OpenAI launches Atlas, an AI browser aimed to revolutionize online search and user interaction, challenging Google.

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OpenAI launches Atlas, an AI browser aimed to revolutionize online search and user interaction, challenging Google.


OpenAI has unveiled Atlas, an AI-powered browser built to challenge Google and reinvent how users search and interact online.

The launch marks a major shift in the future of web browsing.

#OpenAI #Atlas #AI #Technology #BradGastwirth #CircularTechnology #Google #SamAltman #ChatGPT #Innovation #TechNews


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