US, Canada, Australia launch interactive map of critical minerals

In a significant development, the United States, Canada and Australia have teamed up to create and launch an interactive map of deposits of rare earths and other critical minerals that are expected to be in hot demand as the world moves to cleaner forms of energy. The website portal.ga.gov.au/persona/cmmi contains the world’s largest dataset of minerals such…

China biggest cryptocurrency mining machines Bitmain suspends sales

In a statement China’s biggest maker of cryptocurrency mining machines Bitmain said, it had suspended sales of its products in the spot market to help ease selling pressure. The development comes after Beijing imposed a ban on mining bitcoins. Bitmain said, it is looking for “quality” power supplies abroad and is looking for foreign clients…

Boeing Co and RAAF flight test world’s first pilotless fighter-like jet

On Tuesday, in a statement Boeing Co and the Royal Australian Air Force (RAAF) said, they had completed the first flight test on a pilotless fighter jet, designed to operate in conjunction with crewed aircraft. The fighter jet, dubbed as the “Loyal Wingman”, is the first military aircraft to be designed and manufactured in Australia…

In a world first Google launches News Showcase platform in Australia

On Friday, in a world first Google launched a paid news platform in Australia after it struck content deals with publishers in a move aimed at complying with Canberra’s new legislation. Initially the News Showcase platform was slated for launch in June 2020, but Google delayed launching plans following Australia passing a new legislation which…

Exxon Mobil offers volumtary redundanct scheme for Australia midst looming multi-billion quarterly loss

On Wednesday, in a statement Exxon Mobil Corp said, it has started a voluntary redundancy programme for its Australian employees, as means to mitigate the current predominant “unprecedented” market conditions. The voluntary redundancy programme is being offered to all employees in Adelaide, Sydney, Melbourne, Gippsland, and Perth, said Exxon in a statement. When asked to…

Australia’s upcoming law will force Facebook and Google to pay for sharing domestic media content

In a statement, U.S. social media giant Facebook Inc said, it would block news publishers and people in Australia from sharing news on its app, including Instagram and Facebook if a proposed bill which forces it pay local media outlets for content, becomes law. In July, the Australian government said it would require tech giants…

Global CEOs downsize physical office spaces, accelerate move towards digital workspace: KPMG survey

According to the results of a survey released on Tuesday, companies across the glove are moving their operations online so as to cut expenses related to office space and make recruiting and retaining staff part of their top priorities. The survey by accounting firm KPMG showed, 80% of business leaders had accelerated their digital expansion…

Oracle held preliminary talks to acquire TikTok’s operations in the U.S., Australia, Canada, and New Zealand

According to sources briefed on the matter at hand, Oracle Corp has had preliminary talks with ByteDance, TikTok’s owner, and was seriously considering purchasing the app’s operations in the United States, Australia, Canada, and New Zealand. Earlier this month, Twitter Inc had expressed an interest to acquire TikTok’s U.S. operation and had approached ByteDance for…