Latest news with #TheBloombergAustraliaPodcast
Bloomberg
15-05-2025
- Business
- Bloomberg
What's Going Wrong at Some Of Australia's Biggest Banks?
On this week's Australia Podcast: As the regulator launches yet another probe into bank trading, what is going wrong at some of our biggest financial institutions? Never miss an episode. Follow The Bloomberg Australia Podcast today. Australia's finance industry is beset by a raft of compliance lapses, from data reporting breaches to trader misbehavior. Macquarie was targeted yet again this week in a civil action filed by the Australian Securities & Investment Commission.
Bloomberg
29-04-2025
- Business
- Bloomberg
Can Australia's Housing Crisis Be Fixed?
Never miss an episode. Follow The Bloomberg Australia Podcast today. Australian capital city house prices continue to rise, and hotly anticipated interest rate cuts later this year could add further fuel to the fire, leaving some buyers and renters struggling to keep roofs over their heads. This week on the podcast, host Chris Bourke talks to Brendan Coates, the Housing and Economic Security Program Director at the Grattan Institute, about what Prime Minister Anthony Albanese and opposition leader Peter Dutton are promising to do about the affordability crisis if elected on May 3.
Bloomberg
24-04-2025
- Business
- Bloomberg
An Investor's Guide to the Australian Election
Never miss an episode. Follow The Bloomberg Australia Podcast today. As voters start heading to the polls in the Australian election, the market turbulence from Donald Trump's trade war continues to drown out much of the leaders' campaigns - even as some policies could impact investments across a range of asset classes. This week on the podcast, host Chris Bourke asks cross-asset reporter Richard Henderson: what should investors be watching out for in the days running up to the May 3 vote - and beyond? Read more: How Australia's First-Time Voters Feel About the 2025 Election Further listening: What Messy Stock Markets and The Election Mean For Your Super
Yahoo
22-04-2025
- Business
- Yahoo
Meta, TikTok Slam Australian Ban as YouTube Gets Personal Pledge
(Bloomberg) -- Meta Platforms Inc., TikTok and Snap Inc. questioned the integrity of Australia's looming social media ban for under-16s after it emerged that Communications Minister Michelle Rowland made a personal pledge to YouTube's boss to exempt the platform before a consultation process on the carveout had begun. DOGE Visits National Gallery of Art to Discuss Museum's Legal Status Trump Gives New York 'One Last Chance' to End Congestion Fee Trump Administration Takes Over New York Penn Station Revamp The Racial Wealth Gap Is Not Just About Money Nashville's $3 Billion Transit Plan Brings a Call for Zoning Reform In a Dec. 9 letter to YouTube Chief Executive Officer Neal Mohan — a copy of which was obtained under freedom-of-information laws — Rowland said she was writing to 'reaffirm the commitment' that the government would exclude YouTube from the ban. Her assurance came days after the legislation passed Australia's parliament, but weeks before Rowland's own department sought feedback on the proposed exemption. The government's overarching effort is to protect young people from the harmful effects of social media and online content. Services like Meta's Instagram have been shown to have negative effects on mental health and TikTok's short videos are famously addictive. All these content providers have objected to the ban in the first instance, but have also questioned why Alphabet Inc.'s YouTube would be treated differently. TikTok called on Rowland to explain why she promised YouTube 'a free pass, before any consultation, including with experts, had even begun.' Her letter 'raises serious questions about the integrity of the government's plan,' ByteDance Ltd.-owned TikTok said Tuesday. It was already clear in November that YouTube would be excluded from Australia's social media crackdown. But Rowland's one-to-one communications with CEO Mohan has triggered fresh exasperation among YouTube's rivals that the most popular online platform among Australian kids has somehow escaped the tough new restrictions. Subscribe to The Bloomberg Australia Podcast on Apple, Spotify, on YouTube, or wherever you listen. Rowland's letter shows she planned to meet Mohan on Dec. 13, a few days after her letter. 'We are disappointed in the process, which has been marked by a lack of transparency and open discourse,' Facebook owner Meta said in a statement Tuesday. YouTube's exemption 'simply doesn't make sense.' Snapchat owner Snap urged Rowland to reverse her position on YouTube. A Snap spokesperson said 'blanket assurances made to the CEO of YouTube that the company would be excluded raise some serious questions about the fairness of this process.' Rowland's office didn't immediately respond to Tuesday's statements. The under-16s ban, due to come into force at the end of this year, gives Australia's government flexibility to change the list of companies that must comply. After details of Rowland's letter emerged last week, her spokesman said 'the initial exclusions were announced in November 2024 and include messaging and gaming apps, as well as social media services that function for the primary purpose of addressing young people's health and education needs. The intention to exclude YouTube was also announced at the same time.' Why US Men Think College Isn't Worth It Anymore The Guy Who Connected Donald Trump to the Manosphere Eight Charts Show Men Are Falling Behind, From Classrooms to Careers How Mar-a-Lago Memberships Explain Trump's Tariff Obsession Why Brunello Cucinelli Is Well Suited for a Trade War ©2025 Bloomberg L.P.
Bloomberg
22-04-2025
- Politics
- Bloomberg
Can Slashing Immigration Fix Australia's Housing Crisis?
Never miss an episode. Follow The Bloomberg Australia Podcast today. Governments in developed countries around the world are grappling with their migration policies and Australia is no exception, with the Labor and Liberal parties proffering competing plans on how to slash the number of people arriving at its borders. This week on the podcast, host Rebecca Jones asks Abul Rizvi about Anthony Albanese and Peter Dutton's migration policies ahead of the May 3 federal election — and whether they will actually help Australia's housing crisis.
