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University of Technology Sydney suspends multiple STEM, Business, and Design courses: Here is why

University of Technology Sydney suspends multiple STEM, Business, and Design courses: Here is why

Time of India2 days ago
The University of Technology Sydney (UTS) has taken the unprecedented step of temporarily halting new intakes for a wide range of programmes through the Autumn 2026 semester. The move comes as the university conducts a sweeping curriculum review aimed at aligning its courses with the demands of a rapidly changing job market.
Current students will continue their studies unaffected.
STEM and traditional courses take the hit
UTS is pausing enrolments in several degrees once considered core to science and technology education. Programs such as Bachelor of Technology, Bachelor of Science in Mathematics, and Bachelor of Science in Physics have been temporarily shelved. Experts warn that these courses may no longer provide the skills needed for the AI-driven workplace, potentially leaving graduates at a disadvantage.
Pause doesn't mean closure
The university stresses that a suspension of intake is not the same as shutting down a course. Many programmes are being redesigned to make them more industry-relevant and appealing to prospective students. The aim is to prevent applicants from pursuing courses that may not proceed and to give students clear, timely guidance on their options.
Full list of courses affected
The University of Technology Sydney has temporarily paused new intakes across several faculties.
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This affects both undergraduate and postgraduate programmes, professional diplomas, and graduate certificates as part of its curriculum review.
Faculty of Engineering and IT
Bachelor of Technology
Bachelor of Engineering (Honours) combined degrees with Business, Science, Medical Science, or Arts
Bachelor of Science in Information Technology
Bachelor of Artificial Intelligence
Bachelor of Cybersecurity
Faculty of Science
Bachelor of Science (Mathematics, Physics, Environmental Science majors)
Bachelor of Mathematical Sciences
Master of Mathematics and Quantitative Finance
Faculty of Business
Bachelor of Business (Honours)
Bachelor of Management (Honours)
Master of Financial Analysis
Executive Master of Business Administration
Master of Behavioural Economics
Faculty of Design and Society
Bachelor of Communication (Journalism, Media Arts, Strategic Communication, Creative Writing)
Bachelor of Design (Fashion and Textiles, Product Design, Interior Architecture)
Bachelor of Animation Production
Faculty of Health
Bachelor of Public Health (various streams)
Bachelor of Nursing
Bachelor of Sport and Exercise Science and Management
Faculty of Law
Bachelor of Laws combined with International Studies or Engineering Science
Industry needs drive decisions
The temporary pause follows consultations with faculty and unions. Some courses may return after curriculum updates, while others could be phased out if demand or industry relevance remains low. Meanwhile, UTS is expanding popular programmes in business, IT, and health, reflecting changing student preferences and the growing emphasis on employable, future-ready skills.
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Free sandwich, free wi-fi, Rs 1,200 bank bill: Inside India's airport lounge economy
Free sandwich, free wi-fi, Rs 1,200 bank bill: Inside India's airport lounge economy

Time of India

time33 minutes ago

  • Time of India

Free sandwich, free wi-fi, Rs 1,200 bank bill: Inside India's airport lounge economy

Airport lounges have become a familiar sight for Indian travellers . They promise calm amid the bustle of terminals: free food and drinks, recliners, Wi-Fi, charging points, and sometimes even spa treatments or sleeping pods. The attraction is obvious. But one question lingers. If passengers are not paying directly, who is? Data analyst Suraj Kumar Talreja broke down the business model in a widely read post on X. 'Most people who enter lounges in India today don't actually pay anything out of pocket. You swipe your credit or debit card and walk in. It feels free.' Who really pays for the lounge access? That 'free' entry is anything but. As Talreja explained, 'Every time you enter a lounge using your card, whether it's HDFC, Axis, SBI , ICICI, or even Rupay, the lounge operator gets paid by the bank (or by Visa/Mastercard/Amex). This is part of your credit card benefit package, and the bank foots the bill as a loyalty and acquisition cost.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Worried About Bills? Learn How Pay-Later Loans Work TheDaddest Undo The numbers add up quickly. 'In India, it typically ranges from Rs 600 to Rs 1,200 per visit (domestic lounges) and 25 dollars to 35 dollars for international lounges (via networks like Priority Pass or LoungeKey),' he said. Even a quick sandwich and coffee can cost a bank that fee. — suritalreja (@suritalreja) Live Events How lounges stay afloat So how do lounges profit when most visitors pay nothing upfront? Talreja was direct. 'They get paid per visit, get volume from credit card users, often save on cost by partnering with caterers and airports and some sell day passes (low share).' There are four main ways travellers gain access: credit and debit card tie-ups, international networks like Priority Pass or DreamFolks, direct paid entry (usually Rs 1,500–Rs 3,000), and airline tickets in higher classes. The first option dominates in India, driven by banks competing for customers. Why banks want you inside lounges Banks are not simply covering costs out of generosity. Lounge access works as a powerful marketing tool. It creates a sense of privilege, encouraging cardholders to use their cards more often, which in turn earns banks transaction fees. Customers are also more likely to stay loyal or upgrade to premium cards. As Talreja put it, it is 'psychology + economics.' International lounge networks such as LoungeKey and Priority Pass play a different role. They do not own lounges. Instead, they act as middlemen, selling access rights in bulk to banks and settling payments directly with lounge operators. India has witnessed a boom in lounge usage. With every second traveller carrying a card promising entry, overcrowding has become common at airports in Delhi, Mumbai, and Bengaluru. This is pushing banks to tighten terms. New restrictions include limiting access to four free visits per quarter, barring supplementary cardholders, restricting entry to domestic terminals only, denying guest access, and suspending lounge use if a card is inactive. Premium cards such as HDFC Infinia, Axis Reserve, Amex Platinum, and ICICI Emeralde still promise unlimited or international visits, but these remain exceptions. Do lounges still make sense? For travellers, lounges often remain worthwhile. A plate of food and drinks can save between Rs 500 and Rs 1,000 compared to airport restaurants. Free Wi-Fi, air conditioning, charging stations, and clean restrooms add to the value. 'Some lounges have beds and showers (especially in T3 Delhi or Bangalore International),' noted Talreja. Not everyone is convinced. One user responded to his thread by saying, 'Airport lounges in India are now like a second-class railway station waiting room. Best skipped I think.' Others highlighted that many cards now demand a minimum spend before lounge privileges kick in. A model with winners all round Despite these debates, the model continues to benefit all sides. Travellers get comfort, banks build loyalty and earn fees, lounges secure steady payments, and airports manage crowds more smoothly. As one user summarised on X after reading Talreja's thread: 'What an awesome thread. Loved the details.' Another added, 'There is a B2B version of the lounge too, wherein you can buy a membership to get access to the lounge.' The economics may not be visible to passengers, but every swipe of a card is part of a carefully balanced system. It looks free, but it is anything but.

Bitcoin crashes to $115,000 after record high as $500 million liquidation shock hits crypto
Bitcoin crashes to $115,000 after record high as $500 million liquidation shock hits crypto

Economic Times

time41 minutes ago

  • Economic Times

Bitcoin crashes to $115,000 after record high as $500 million liquidation shock hits crypto

Synopsis Bitcoin slides below $115,000 in a sudden and dramatic pullback that has rattled the entire crypto market. A wave of liquidations worth more than half a billion dollars forced traders to unwind leveraged bets, dragging Ethereum, XRP, and other major tokens lower in its wake. The fall comes just days after Bitcoin touched new record highs, leaving investors asking whether this is a healthy correction or the start of a deeper downturn. Bitcoin's meteoric rise hit a wall on Monday as the world's largest cryptocurrency slipped below $115,000, sparking a brutal sell-off across the digital asset market. The sharp pullback has already wiped out more than $570 million in liquidations over the past 24 hours, as profit-taking sweeps through the market. Bitcoin slipped under the $115,000 mark today, erasing part of its recent record-breaking surge as a sudden liquidation wave swept through the crypto market. More than half a billion dollars in leveraged positions were flushed out in hours, amplifying the drop and dragging Ethereum, XRP, and other major tokens down with it. Analysts say the pullback reflects a mix of profit-taking by whales and growing macroeconomic unease, with investors reassessing expectations for Federal Reserve rate cuts. While bulls frame the move as a healthy reset, the steep reversal is a stark reminder of how quickly sentiment can flip in crypto's high-risk arena. Just days after breaking into fresh record territory, Bitcoin has stumbled back to $114,979, shedding nearly 3% from its intraday peak of $118,423. The sudden drop is not just about price charts—it's tied to a broader shift in sentiment. Over $500 million in leveraged long positions across the crypto market were wiped out within hours, underscoring how fragile momentum can be when traders lean too heavily on optimism. ALSO READ: XRP crashes big 6% today: Whales scoop 440M XRP despite retail panic – doom or hope ahead, what's next for Ripple? For many retail investors, the move feels abrupt. Yet seasoned market watchers will recognize the familiar pattern: sharp rallies often invite equally sharp corrections. This time, however, the sell-off is layered with deeper concerns about macroeconomics. Two primary forces are driving the retreat: Macroeconomic anxiety. Inflation prints remain stubborn, and investors are recalibrating their expectations around Federal Reserve rate cuts. With lower odds of near-term easing, risk assets like Bitcoin are taking the hit. The psychology here is straightforward—if liquidity stays tight, speculative markets tend to retrace. Profit-taking after records. Bitcoin's run to new highs lured in traders chasing momentum. Once those peaks were reached, larger holders—so-called whales—locked in profits, triggering a cascade of stop-loss orders that snowballed into the liquidation wave we're seeing. Ethereum, XRP, and other large-cap tokens are echoing the move, suggesting this isn't just a Bitcoin-specific story but part of a broader de-risking and XRP were dragged lower in the same wave, with traders rushing to unwind leveraged bets amid mounting macroeconomic worries. More than $500 million in long positions were liquidated within hours, underscoring just how fragile sentiment remains after weeks of euphoric gains. What began as profit-taking by large holders quickly snowballed into a broader sell-off, leaving retail investors rattled and reminding the market that even in bull runs, volatility is never far behind.A staggering $1 billion in crypto positions evaporated overnight as Bitcoin plunged to $115,000, triggering one of the sharpest shakeouts since its record run. What began as routine profit-taking quickly escalated into a liquidation cascade, fueled by jittery macro sentiment and fading hopes of swift Federal Reserve rate cuts. The wipeout not only highlights the fragility of Bitcoin's rally but also exposes how tightly the broader digital asset market remains tethered to global economic currents. The obvious question: is this the start of a deeper correction, or just a healthy breather? Short term outlook: With liquidation volumes spiking and sentiment turning cautious, the market could remain volatile over the next 24–48 hours. Quick rebounds are possible, but traders should expect whipsaw action as leverage resets. With liquidation volumes spiking and sentiment turning cautious, the market could remain volatile over the next 24–48 hours. Quick rebounds are possible, but traders should expect whipsaw action as leverage resets. Medium term view: Historically, Bitcoin corrections of 5–10% after breaking records are not unusual. If support holds above the $110,000 range, many analysts would still classify this as a consolidation phase rather than a reversal of the bull trend. Historically, Bitcoin corrections of 5–10% after breaking records are not unusual. If support holds above the $110,000 range, many analysts would still classify this as a consolidation phase rather than a reversal of the bull trend. Risk factor: The macro backdrop—particularly the Fed's signaling—remains the wild card. A hawkish tilt in September could extend pressure, while any dovish hints may quickly restore risk appetite. Crypto's pullback is not happening in a vacuum. Equity futures have also wobbled as investors digest inflation data and reassess interest rate bets. The correlation between Bitcoin and traditional markets—once dismissed by purists—is becoming harder to ignore. When the dollar strengthens or Treasury yields rise, Bitcoin increasingly behaves like a high-beta tech stock rather than an uncorrelated hedge. 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Q1: Why did Bitcoin slide below $115,000 today? Bitcoin dropped below $115K as liquidation waves, profit-taking, and Fed rate cut worries triggered a sharp market sell-off. Q2: How are Ethereum and XRP affected by Bitcoin's fall? Ethereum and XRP also plunged as Bitcoin's decline sparked a wider crypto market sell-off.

How a $30 million crypto pardon scheme failed even before it got to Trump
How a $30 million crypto pardon scheme failed even before it got to Trump

Time of India

timean hour ago

  • Time of India

How a $30 million crypto pardon scheme failed even before it got to Trump

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The audacious plan crystallized over a lobster dinner in Puerto Rico. That's where a self-styled connector for the MAGA era says he and a child actor-turned-crypto enthusiast hatched an idea to secure a presidential pardon for Bitcoin booster Roger Ver and make millions for themselves in the men, Matt Argall and Brock Pierce, had only tenuous ties to the entrepreneur known as Bitcoin Jesus, but they knew he was angling for a grant of clemency from President Donald Trump , who had just been elected to a second term. Most importantly, the pair suspected Ver was a billionaire, and figured that if all went accordingly, he'd be willing to pay $30 million for their Argall reached out to Ver, who was under indictment for tax evasion, offering to assemble a group of people with strong connections to Washington insiders who could help push the administration for a pardon. He proposed Ver wire $10 million to a trustee account to set the process in motion and cough up an additional $20 million success fee for him and his associates once the pardon came through, according to communications reviewed by Bloomberg News and confirmed by people with direct knowledge of the unclear whether Argall and his associates had genuine connections to people with power, much less the clout to persuade them that Ver's pardon was a worthy cause. The White House denied any knowledge of the the episode shows how people on the periphery of the MAGA movement are touting supposed ties to Trump and other administration officials to try to persuade white-collar defendants to fork over money. Those pitchmen, promising to try to get the cases in front of the White House, are increasingly seeking to cash in on the clemency business, a space once largely populated by pro-bono the fee proposed to Ver is at the higher end of the scale, other lobbyists, lawyers and consultants are offering more a la carte options to potential clients; a $5,000 finder's fee to be put in touch with someone who knows someone or $1 million to prepare an application that is intended to appeal to Trump's grievances about overzealous a series of communications over encrypted networks earlier this year, Argall and Pierce formulated a plan for Ver. At times, other potential participants with conservative credentials and clemency track records were brought into the discussion. Those people have since denied playing any significant role in the game plan, according to people familiar with the pitch and a review of communications, went something like this: Try to convince as many MAGA influencers as possible of the merits of Ver's cause, present Ver as someone who was treated unfairly, and leverage purported relationships with senior White House officials to get the case in front of House spokesman Harrison Fields said all pardon applications are thoroughly reviewed by the pardon czar and White House counsel's office.'The pardon process is a serious one, and outside grifters trying to make a big buck by overstating access to the White House will realize that soon enough,' he said. 'The president, after consulting with his senior advisers, will have the final say on pardons.'Ver had a reputation as one of cryptocurrency 's most effective promoters when the industry was still in its infancy. Last year, he was charged with tax evasion and mail fraud, accused of hiding gains from selling $240 million in has since asked a judge to dismiss the criminal indictment against him, arguing he followed a lawyer's advice about tax obligations when he relinquished his citizenship and moved to Saint Kitts and Nevis in 2014. A media representative for Ver didn't respond to requests for the 2024 presidential election, Ver joined a chorus of prosecuted crypto investors angling for relief from Trump. He used social media to build a pardon campaign and sat down for interviews with conservative commentators to discuss his battle with US play was further spotlighted in May when the Wall Street Journal reported that associates of the crypto investor had offered $5 million to $10 million to lobbyists to try to secure him a pardon. Ver's attorney David Schoen said that no one intended to pay for a pardon for this year, Argall began reaching out to Ver, offering to advocate for his freedom. An associate described him as a dealmaker. Argall told people he has helped companies secure lucrative government contracts, according to communications reviewed by previously ran call centers near Tampa, Florida, selling health supplements like African mangoes and açaí, with one client describing him in a LinkedIn post as a guy with a bleached Mohawk who could sell anything to his LinkedIn profile photo featured him with Health Secretary Robert F. Kennedy Jr., Argall, whose email signature reads 'from the desk of Lord Argall,' didn't appear to have any clear connections to Trump's inner circle. His pitch to Ver leaned heavily on the purported political sway of others.A spokesman for Kennedy didn't respond to requests for the communications reviewed by Bloomberg, Argall said that Ver's situation was brought to his attention by Washington lobbyist Robert Wasinger, who is described on his biography page as one of the first senior members of Trump's 2016 and Ver were first in contact in late 2024 about lobbying for a potential pardon, but the lobbyist wasn't retained, people familiar with the matter said. Wasinger had success in the clemency world before, having helped Republican fundraiser Elliott Broidy secure a pardon during the first Trump administration, according to people with knowledge of the declined to comment through a communications earlier this year with Ver, Argall's friend Pierce — who starred in the Disney film The Mighty Ducks as a child — was involved. One of the co-founders of Tether, Pierce is now chairman of the Bitcoin Foundation and darts between Washington and Puerto Rico, where he bought an old W Hotel that has been at the center of costly one of their interactions in January, Pierce thanked Ver for his contribution to the crypto industry, assuring the indicted investor that he had his back, according to a review of the communications. That same day, Argall posted photographs on Instagram of an ocean sunset and him and Pierce, drinks in some of the communications, Argall suggested that people who would help work on Ver's case had supposed connections to senior officials in Trump's Argall said in an interview, knew Ver from their early crypto days and estimated Ver's net worth was somewhere from $10 billion to $20 billion. Pierce and Argall figured that asking Ver to pay them a $20 million success fee for securing his pardon was more than reasonable, Argall told said in the interview that initially, he thought Ver was serious about engaging him and others to lobby his cause, and that he traveled to Washington on multiple occasions to lay the Ver's attorney, told Bloomberg he believed the people behind the pardon proposal 'were falsely claiming to have high-level contacts.''It is absolutely clear to me that no one in the White House had any part in this process,' Schoen in the interview with Bloomberg, said that he saw himself as a connector. 'This wasn't about me trying to make dough,' he said. 'If I made this happen, since my guys came through, hook me up after.'He said the money could have been used to fund a crypto project. Or maybe he'd just get 'good karma' for helping didn't respond to multiple requests for February, Argall introduced Ver to Washington lawyer Jesse Binnall, who had represented Trump in litigation tied to the Jan. 6, 2021, riots, and touted him as possibly being able to help, according to communications reviewed by outlined his track record advocating conservative causes before mapping out a rough path to securing a presidential pardon. He didn't speak or agree when Argall reiterated the $30 million fee structure to Ver, according to the communications.'Binnall's sole involvement in the Ver matter was limited to a single phone call,' a spokesperson for the Binnall Law Group said. 'He had no role whatsoever in setting, negotiating or pursuing any fee of any amount, nor did he take on the client or have any further involvement in the matter.'By March, the ambitious plot appears to have fizzled out, with an email reviewed by Bloomberg showing Ver ignored follow-up texts and calls from Argall.

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