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TikTok will be banned on all government devices in Australia

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TikTok will be banned on all government devices in Australia amid fears the app could be used for foreign interference

Australia is moving in-line with many other Western nations – banning TikTok on all government devices.

It comes amid fears the app’s security is compromised, and the platform could be used for foreign interference by China.

Australia is the last nation in the “five eyes” intelligence alliance to block the social app.

Similar decisions have been made by governments in the U.S., Canada, the UK and New Zealand.

TikTok continues to deny the app poses a national security risk.

In a statement, Australia’s Attorney-General Mark Dreyfus says the ban follows warnings from intelligence and security agencies.

Exemptions will only be granted on a case-by-case basis.

The Victorian and ACT governments have confirmed they expected the ban.

“We’ve always said we’ll follow the Commonwealth’s guidance when it comes to cybersecurity – and we’ll now work on implementing these changes across the public service as soon as possible,” a spokesperson for Victorian Premier Daniel Andrews said. #trending #featured

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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