$US150K in prizes to reward great Aussie innovation The Australian Innovation Competition has been launched to uncover and recognize exceptional innovations from across the country that offer creative solutions to real-world challenges. The competition welcomes entries from individuals of all ages and backgrounds, aiming to showcase Australia’s ingenuity and untapped…
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Global smart home device shipments decline
Expected to recover in coming years Global shipments of smart home devices experienced a setback in the first quarter of 2023, declining by 5.6 per cent compared to the previous year, according to the latest report from the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker. The report…
Read MoreEconomic challenges amplify consumer selectivity
The loss is posing challenges for Australian retailers New research conducted by Manhattan Associates reveals that Australian consumers have become more discerning and selective in their purchasing decisions, presenting a significant barrier to local retailers. The study found that 80 per cent of Australians have become more cautious compared to…
Read MoreTragedy of Titanic submersible incident exploited by scammers
Bitdefender Antispam Lab has tracked these tailor made scams starting from June 23 The recent search for the Titanic-bound submersible operated by OceanGate Expeditions ended in tragedy for the five explorers involved. Unfortunately, scammers wasted no time in exploiting the incident for their own gain. Shortly after the US Coast…
Read MoreAPRA takes action against Medibank
Following the recent major cyber incidents The Australian Prudential and Regulation Authority (APRA) has announced that it will be acting against Medibank Private following a review of a major cyber incident that occurred in October 2022. The action comes after APRA examined the incident and identified weaknesses in Medibank’s information…
Read MoreMAS proposes framework for digital asset networks
MAS is is taking significant steps to ensure the safe and efficient development Singapore’s Monetary Authority, in collaboration with the Bank for International Settlements’ Committee on Payments and Market Infrastructure, has released a comprehensive report outlining a framework for the design of open and interoperable networks for digital assets. The…
Read MoreCISA bolsters cybersecurity division
Andrew Scott and David Carroll join to strengthen cyber defence efforts The Cybersecurity and Infrastructure Security Agency (CISA) continues its commitment to protecting the federal civilian government, State, Local, Tribal, and Territorial (SLTT) partners, and critical infrastructure from evolving cyber threats. Whether originating from the People’s Republic of China (PRC)…
Read MoreTesla’s entry set to intensify competition in India
Tesla’s entry will compel existing EV manufacturers to re-evaluate their vehicle offerings GlobalData, a leading data and analytics company, states that Tesla’s long-awaited entry into the Indian automotive market is gaining momentum. Elon Musk’s recent statement following his meeting with Indian Prime Minister Narendra Modi during the latter’s US visit…
Read MoreUK economy poised for modest growth in 2023
The UK’s trade prospects remain lackluster due to slow economies in major trading partners GlobalData, a leading data and analytics company, predicts that the United Kingdom’s economy is set to experience a marginal growth of 0.1 per cent in 2023. This upturn is attributed to several factors, including lower energy…
Read MoreUST joins Project Rosalind as innovation vendor
Pioneering API prototypes for Central Bank digital currencies In a significant stride towards the future of digital currencies, UST, a leading digital transformation solutions company, has emerged as a key innovation vendor for Project Rosalind. This ground-breaking experiment, initiated by the Bank for International Settlements (BIS) and the Bank of…
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