Latest news with #NAB
The Star
17 minutes ago
- Sport
- The Star
Feature: Reaching new heights - China's artistic swimming triumphs at Singapore Worlds
by sportswriters Li Jia, Wang Zijiang and Yue Chenxing SINGAPORE, July 25 (Xinhua) -- With a performance inspired by the Terracotta Warriors, the Chinese artistic swimming team concluded their World Championships campaign in Singapore on Friday, as they secured a gold in the team acrobatic event, bringing their total medal tally to four golds and three silvers in the tournament. China triumphed once again over the Russian squad, competing as Neutral Athletes B (NAB), as the Chinese team scored 229.0186 points for the gold. NAB finished second with 224.7291 points, while Spain took third with 221.0962 points. China also outshone NAB in the team technical event. "When we won the team technical, I was still quite anxious," said China head coach Zhang Xiaohuan. "But in the acrobatic event, their (NAB's) difficulty increased significantly from the preliminary round to the final, which put pressure on me. However, I followed the advice of our research team and focused on doing our best. What mattered most in the final was the quality of our artistic choreography and the overall execution of the routine." For China, who made history by winning both the duet and team events at the 2024 Paris Olympic Games, their victory at the Singapore Worlds further demonstrated the ongoing rise of Chinese artistic swimming. This triumph marks a new milestone, as the team has now surpassed the long-time powerhouse Russia. This victory solidifies China's place at the top of the sport. "What we've done in this competition, especially winning the team technical event with NAB participating, is a new chapter in the history of Chinese artistic swimming," said China's Spanish coach Ana Tarres. "It's the first time China has ever beaten this strong rival in a competition where they were both present. I think this is a great motivation for the girls. Nothing is impossible through hard work, discipline, commitment, and swimming. This is a step forward." "The team technical gold is just as important as the one we won at the Paris Olympics," said Zhang. "We've always looked forward to a direct showdown with our strongest competitors." Despite dominance at the 2024 Doha Worlds and the Paris Olympics, it wasn't until the Singapore Worlds that China dispelled doubts that they could only win in the absence of Russian competitors. Proving their competitiveness has even been a reason for veteran swimmers to stay on the team, despite already having won world and Olympic titles. "I failed to compete in the team technical, but today I participated in the acrobatic event, and we defeated NAB. We broke through the doubts with our strength," said Paris Olympic champion Zhang Yayi, who injured her foot 15 days ago but still managed to participate in the last event in Singapore. Head coach Zhang Xiaohuan added that the victory would not only motivate veteran swimmers but also inspire younger athletes and encourage everyone in China's artistic swimming. "It will boost the entire sport," she said. "Artistic swimming is developing at an incredible speed. Every competition shows how unpredictable it can be - sometimes third place can jump to first, and sometimes the champion can fall behind. It's hard to say who will win the gold medal. There is no eternal champion," she added. Team captain Feng Yu acknowledged, "We've waited for this chance to compete against a team we've been wanting to measure ourselves against for a very long time. That makes this result special." In the team free event, Feng was called upon to replace Zhang Yayi just nine days before the final. Young talents also shone. Xu Huiyan, 19, secured four gold medals and a silver in her second World Championships. She made history by winning China's first-ever gold in the women's solo technical event with a huge lead. She then followed up with a silver in the solo free final, setting a personal best. Xu also helped the team win three team golds, despite catching a fever on Friday. "I think our young athletes did really well, especially Xu, along with other swimmers who competed in individual events," Zhang said. "I've seen their improvement, but they still need to work harder. They will carry China's flag in the future, and they need to keep improving faster." Guo Muye, 17, competing in his first World Championships, claimed a historic silver in the men's solo free. Twin sisters Lin Yanjun and Lin Yanhan, also debuting at the Worlds, earned a silver in the women's duet technical. "I have higher expectations, but I accept that this is the best our team can do right now with a new lineup in this new cycle," Zhang admitted. "I hope we can do even better next time. But I think we made a big breakthrough in this competition." Looking ahead to the 2028 Los Angeles Olympics, Russian swimmers will still be China's biggest competitors. "They (NAB) have a solid talent pool in artistic swimming. Many of their athletes are very young, born in 2007 and 2008, yet they perform at a very high level," Zhang said. "This is something we really admire and respect. Their performance still stays at a very high standard, with good synchronization, teamwork and consistency. This brings a lot of challenges for us in the future. We just won this time, but we still have a long way to go." "Compared to them, we need to make some adjustments. Many of our veteran swimmers are dealing with injuries, so we'll have to make some changes going forward," Zhang continued. "Also, I think the choreography of Spain, Italy and France is excellent." "We must always consider ourselves as challengers, never take the champion's position for granted. We still need to keep improving," Zhang concluded.
Yahoo
5 hours ago
- Business
- Yahoo
Australian man, 73, says his bank failed to protect him from ‘ghost tapping' scam — and so he's taking them to court
A 73-year-old man in Australia has launched a legal war against one of the country's biggest banks — and he may be the first scam victim to ever take things this far. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how According to a recent report from ABC News Australia, pensioner Ian Williams is suing National Australia Bank (NAB) for $379 million after it said he was responsible for $1,338 in transactions he said he didn't recognize. After CCTV footage collected by the police proved it wasn't him who made those transactions, the bank said it would return the money in full under two conditions. Williams refused. "It's the principle of the thing. I just won't wear being called a liar," he said. 'I'm a stubborn old turd, and I will not give up.' Here's what happened. Fraudulent $1,338 charge on account It all began in October 2022. Williams says he discovered two suspicious charges on his account — $515 and $823 — at a Coles supermarket in Bundoora, a suburb 150 kilometers away from his home. When he contacted NAB's digital subsidiary, uBank, he says a representative told him the transactions were made using his Google Pay account. "They said that I was guilty, I was responsible, I was personally at Coles to do the transactions with my phone and my thumbprint," he said. His maps app and sleep-tracking app both supported his claim he was in Bendigo around that time. He had call and text logs which showed his friend was coming over that morning. He also made a statement at the police station and sent it to the bank, but it was not enough. Eventually, CCTV footage confirmed that the shopper wasn't him — police said it showed 'two young males' using what appeared to be cloned card credentials on phones. That's when the bank offered to reimburse him the $1,338 — on the condition that he sign a non-disclosure agreement and agree that the payment did not mean the bank was taking responsibility for the missing funds. Five months after Williams declined, a second offer of $1,500 came with strings attached: no legal action allowed. He turned that down too. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it The court battle What followed was a year-long journey of legal research and late nights. He said no civil lawyer he met was willing to take on his case without fees. Williams represented himself and filed a 14-page writ against NAB, alleging the bank failed to secure his banking credentials and transaction data, failed to use its fraud detection protocols, breached its duty to "protect customers from unauthorised transactions" and violated obligations under Australia's ePayments Code by not conducting a fair and transparent investigation. He argued that the $1,338 loss represented 5.5% of his annual pension — and therefore is seeking 5.5% of NAB's 2022 profit after tax: $379.05 million. "Things need to be proportionate," he said. In a brief courtroom victory earlier this year, the bank failed to respond in time, and a default judgment was awarded in Williams' favor. But NAB's lawyers later had the judgment overturned, citing a paperwork issue. The case is now headed for a full hearing — and if Williams loses, he could be on the hook for the bank's legal fees, which he says could bankrupt him. Any money he wins he wants to donate to Indigenous health charities. How was Williams scammed? It's likely Williams was the victim of 'ghost tapping.' In such cases, the scammer steals credit card details to register the card on their phone's digital wallet. According to ABC News Australia, 'Williams did receive text messages a few days before the fraudulent transaction went through, with a passcode for him to confirm he wanted to add his card to a new Google Pay account.' In the U.S., the Consumer Financial Protection Bureau (CFPB) placed Google Pay under federal supervision late last year citing consumer complaints. The effort was abandoned this year by the new acting CFPB director Russell Vought, who was appointed by President Donald Trump. The U.S. version of the Google Pay app was shut down in June 2024. Owners of credit and debit cards should take these precautions: Don't provide codes: Text messages may contain one-time codes to authorize adding your card to a phone wallet, so don't share them with potential scammers over the phone or online. Scammers may pretend to be your financial institution. Avoid entering card details on unfamiliar websites: Many ghost tapping scams begin with fake checkout pages designed to harvest your information. Use alerts and two-factor authentication: Enable real-time transaction alerts from your bank to catch fraudulent activity early. Contact your bank immediately: Report it if anything seems off — and escalate to law enforcement or a financial complaints body if needed. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
News.com.au
10 hours ago
- Business
- News.com.au
Closing Bell: Energy surge fails to power fizzling ASX
Losses outweigh gains despite energy sector lift ASX has bled 1.03pc over last week Resource 200 index falls 1.1pc and All Ord Gold 2pc Energy rally runs out of fuel Gains in the energy sector (+1.8%) just weren't enough to offset a bruised materials sector (-1.73%) today. The ASX 200 ended down 0.49% in one of our worst weeks of trading since Liberation Day knocked us all for six back in April. After setting two new record highs last week, the Aussie bourse has shed a full 1.03% over the past five trading days. It's now 1.25% below its 52-week average high. Weakness in gold stocks was the core driver of losses in resource stocks, but there was no support to be found in our top banks either – the banks index is down 0.5% today, while the All Ords Gold shed a full 2%. Woodside (ASX:WDS) was the top gainer for energy, adding 3.72% on improving oil prices. Santos (ASX:STO) also lifted 1% with Ampol (ASX:ALD) close behind, ticking up 0.92%. Only NexGen Energy (ASX:NXG) stood out amongst the midcaps, climbing 4.4% with an honourable mention from Deep Yellow (ASX:DYL). The uranium stock added 0.84%. AUSTRAC satisfied with NAB's financial crimes compliance The financial crimes watchdog has given NAB a pat on the back, finalising an Enforceable Undertaking with National Australia Bank (ASX:NAB) after it satisfied its obligations under the agreement. The EU was originally enforced over compliance with money laundering and counter-terrorism financing laws. AUSTRAC was unhappy with NAB's customer identification procedures and related compliance efforts. AUSTRAC CEO Brendan Thomas said NAB had demonstrated a commitment to ongoing compliance and to tackling the risks and harms posed by serious and organised crime. 'The closure of this EU reflects the progress NAB has made but it still doesn't give the business a clean bill of health,' he said. 'The EU set NAB on the right path, but compliance is not a one off task – it requires ongoing, incremental change. AUSTRAC expects NAB to continue to improve its systems and processes.' NAB CEO Andrew Irvine celebrated the finalisation of the EU. 'Through a transparent and constructive process with AUSTRAC and the external auditor, NAB has transformed our approach to managing financial crime,' he said. 'We remain focused on the challenges that financial crime presents to our customers and society. 'Banks play a critical role in monitoring and reporting suspicious, and potentially criminal, activity and we will continue to make investments that help to keep our customers, communities and bank safe.' Banks were already moving lower today and the good news wasn't enough to boost NAB's share price, which fell 0.45% to $37.49 a share by the end of trade. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Code Name Last % Change Volume Market Cap MTB Mount Burgess Mining 0.007 75% 13584531 $1,702,553 ALB Albion Resources 0.115 67% 35302756 $9,103,400 MQR Marquee Resource Ltd 0.014 56% 12867369 $5,024,723 ENT Enterprise Metals 0.003 50% 906226 $2,742,635 KFM Kingfisher Mining 0.069 47% 2557630 $2,524,605 MSG Mcs Services Limited 0.007 40% 398920 $990,498 ANR Anatara Ls Ltd 0.008 33% 7475076 $1,280,302 AOA Ausmon Resorces 0.002 33% 8000000 $1,966,820 NES Nelson Resources. 0.004 33% 511999 $6,515,783 DBO Diabloresources 0.02 33% 3638231 $2,521,738 AMO Ambertech Limited 0.19 27% 428364 $14,310,717 ICE Icetana Limited 0.082 26% 1125810 $34,568,684 5EA 5Eadvanced 0.755 26% 210643 $8,822,124 CRR Critical Resources 0.005 25% 1910000 $11,080,342 JAV Javelin Minerals Ltd 0.0025 25% 40095 $12,504,450 PIL Peppermint Inv Ltd 0.0025 25% 45000 $4,602,180 ZMM Zimi Ltd 0.01 25% 1150000 $3,920,351 RMI Resource Mining Corp 0.021 24% 5398278 $12,485,707 AZ9 Asianbatterymet PLC 0.032 23% 1296210 $11,224,142 ATS Australis Oil & Gas 0.011 22% 2732794 $11,862,562 BEL Bentley Capital Ltd 0.011 22% 80000 $685,151 CVR Cavalierresources 0.29 21% 149522 $13,882,132 CHR Charger Metals 0.06 20% 695447 $3,871,013 1AI Algorae Pharma 0.006 20% 333561 $8,436,974 AMS Atomos 0.006 20% 1356848 $6,075,092 In the news… Albion Resources (ASX:ALB) has hit bonanza-grade gold in the first 12 holes drilled at the Yandal West project's Collavilla prospect, unearthing an intersection of 5m at 38.9 g/t gold within a wider hit of 11m at 20 g/t gold, from just 17 metres of depth. The results come from just a small 100m by 100m area of the Ives Find prospective granite intrusive, which offers a 4km by 750m target zone that management reckons is ripe for high-grade gold veins. Read more about the drilling program here. Mount Burgess Mining (ASX:MTB) has hit another milestone in its restructuring efforts, now poised to eliminate $4.7m in debt under a loan settlement agreement that would see creditors forgive 95% of outstanding balances. Subject to shareholder approval, MTB will settle the remaining 5% via the issue of over 86m shares and 4.6m unlisted options. Kingfisher Mining (ASX:KFM) has laid hands to a veritable smorgasbord of new projects with a land package totalling about 700 square kilometres in the Broken Hill, Cobar and Macquarie Arc regions of New South Wales. The fresh acquisitions include the Copper Blow IOCG project, multiple copper and silver-lead-zinc prospects in Broken Hill, the Wellington copper project and the Tinderly gold and base metal project. Audio-visual tech and defence comms gear specialist Ambertech (ASX:AMO) is rising on strong unaudited full year results, with half-year revenue expected to exceed $54m, up more than 18% on the first half of the financial year. AMO's EBITDA also improved 2.4% on the previous half year, which full-year revenue expected to top $100m. Icetana (ASX:ICE) achieved its strongest annual recurring revenue numbers in over four years, pulling in $1.9m as of June after a 10% quarter on quarter uptick. The company's total quarterly revenue has also grown 13% compared to the previous period at $490k. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Code Name Last % Change Volume Market Cap BMO Bastion Minerals 0.001 -50% 300000 $3,162,696 MIO Macarthur Minerals 0.015 -40% 47030 $4,991,638 AUK Aumake Limited 0.002 -33% 30281576 $9,070,076 BP8 Bph Global Ltd 0.002 -33% 1831399 $3,152,954 EEL Enrg Elements Ltd 0.001 -33% 1 $4,880,668 MTL Mantle Minerals Ltd 0.001 -33% 3333333 $9,671,169 OB1 Orbminco Limited 0.001 -33% 4961460 $5,103,852 GTE Great Western Exp. 0.016 -27% 5968099 $12,490,674 AS2 Askarimetalslimited 0.012 -25% 9447683 $6,466,731 CHM Chimeric Therapeutic 0.003 -25% 6311811 $8,060,777 DMG Dragon Mountain Gold 0.003 -25% 3163441 $1,578,687 IFG Infocusgroup Hldltd 0.016 -24% 3206378 $6,130,723 CTN Catalina Resources 0.004 -20% 22083865 $12,130,095 ROG Red Sky Energy. 0.004 -20% 2251712 $27,111,136 HRN Horizon Gold Ltd 0.485 -19% 106060 $86,903,954 AHK Ark Mines Limited 0.185 -18% 86211 $14,886,157 AAU Antilles Gold Ltd 0.005 -17% 916779 $14,274,408 FAU First Au Ltd 0.005 -17% 2310224 $12,457,748 FBR FBR Ltd 0.005 -17% 7682873 $34,136,713 SLZ Sultan Resources Ltd 0.005 -17% 142142 $1,388,819 TMK TMK Energy Limited 0.0025 -17% 514914 $30,667,149 VFX Visionflex Group Ltd 0.0025 -17% 1178 $10,103,581 AJL AJ Lucas Group 0.006 -14% 140000 $9,630,107 AM5 Antares Metals 0.006 -14% 31109 $3,603,970 M4M Macro Metals Limited 0.006 -14% 436757 $27,841,923 IN CASE YOU MISSED IT St George Mining (ASX:SGQ) is looking to expand its Araxá rare earths and niobium project resources in Brazil. Renascor Resources (ASX:RNU) has produced a graphite concentrate from a 730t bulk ore sample collected from its Siviour deposit. Firetail Resources (ASX:FTL) has expanded its Excelsior project through staking nearby ground showing promising signs of gold. Trading Halts Asara Resources (ASX:AS1) – cap raise Australian Strategic Materials (ASX:ASM) – cap raise Galan Lithium (ASX:GLN) – pending government project approval Norfolk Metals (ASX:NFL) – cap raise Painchek (ASX:PCK) – cap raise At Stockhead, we tell it like it is. While Albion Resources is a Stockhead advertiser, it did not sponsor this article.
Wall Street Journal
17 hours ago
- Business
- Wall Street Journal
Asian Currencies Consolidate as Traders Digest Mixed Signals
0030 GMT — Asian currencies consolidate against the dollar in the morning session as traders digest mixed signals. Flash PMI data for the Eurozone, U.K., and the U.S. painted a mixed picture, NAB's Ray Attrill says in a commentary. The other notable data was U.S. initial jobless claims, which were stronger than expected, the head of FX Research says. Meanwhile, President Trump said that the U.S. is in the process of making a deal with Europe, Attrill adds. USD/KRW edges 0.1% lower to 1,371.63; USD/SGD is little changed at 1.2777; AUD/USD is 0.1% higher at 0.6594. (
The Star
a day ago
- Sport
- The Star
Interview: China writes "new chapter of history" in artistic swimming, says coach Tarres
by sportswriters Wang Zijiang and Yue Chenxing SINGAPORE, July 24 (Xinhua) -- China has captured three gold and three silver medals so far in artistic swimming at the World Aquatics Championships in Singapore, marking a major milestone for the team. Behind the scenes of the success is a familiar figure in the sport: Spanish coaching legend Ana Tarres. For Tarres, who joined China's national artistic swimming team ahead of the 2024 Paris Olympics, the results are both a breakthrough and a sign of what lies ahead. "What we've done in this competition, especially winning the team technical event with the Russian athletes participating, is a new chapter in the history of Chinese artistic swimming," Tarres told Xinhua. "It's the first time China has ever beaten the strong rival in a competition where they were both present. I think this is a good motivation for the girls. Nothing is impossible through a lot of work, discipline, commitment and swimming. That's a step forward." While China earned its first Olympic gold in artistic swimming at the Paris Games - a feat made possible in part by the Russian athletes' absence - this year's World Championships victory came with the Russian athletes back in the pool, competing under the name Neutral Athletes B (NAB). In the team technical final, China topped the standings, finishing 7.1818 points ahead of its longtime rival. Tarres, 56, is no stranger to international podiums. As Spain's head coach from 1997 to 2012, she guided her teams to four Olympic medals, 26 World Championship medals and 25 European medals. She joined China in 2023 and has played a key role in its rise to Olympic champion status. "What I mostly do is to put in value the talent that they have," she said. "I'm very good in teamwork. I'm very good at trying to get the best version of each swimmer and trying to detect the talent, trying to put it at the service of the team, and then everyone takes benefit of it." Tarres splits her time between Spain and China, depending on the team's preparation cycle. The results, she says, speak for themselves. China's athletes exceeded expectations in Singapore, particularly in the marquee team technical and free routines. "The team events are the king and queen of the sport," Tarres said. "This is our main goal, and we're on the right path." Looking ahead to the 2028 Los Angeles Olympics, Tarres is focused on sustaining China's momentum. "We only have two chances in the Games - team and duet - and our goal is clear: go for gold in both," she said. Tarres' coaching career hasn't been without controversy. She parted ways with the Spanish federation in 2012 after allegations of authoritarian coaching - claims she has consistently denied. Now focused firmly on the future, Tarres says she's not looking back. "This is the past. Let's focus on the present and the future."
