General News

AUSTRAC Expands Crackdown on Money Laundering Beyond Finance Sector

Download IPFS Australia’s financial crime watchdog, the Australian Transaction Reports and Analysis Centre (AUSTRAC), is intensifying efforts to combat the billions of dollars of illicit drug money being laundered through the economy by widening its focus beyond traditional financial institutions. This strategic shift targets professions like real estate agents, lawyers,[Read More…]

Australia Ends Eight-Year Wait, Advances to 2025 FIBA Women’s Asia Cup Final

Download IPFS Australia’s national women’s basketball team, the Opals, have finally broken through to the FIBA (International Basketball Federation) Women’s Asia Cup final for the first time since 2017, defeating Korea 86-73 in the semifinals on Saturday at Shenzhen Sports Center in China. After an early surge, a mid-game stumble,[Read More…]

Leishman Stands as Australia’s Last Hope at Royal Portrush, Eyes More Major Appearances

Download IPFS Marc Leishman, the sole Australian remaining at The 153rd Open Championship (commonly known as The Open), delivered a strong third-round performance on the challenging Royal Portrush links in Northern Ireland. The Victorian golfer shot a 3-under-par 68 on Saturday, moving to 4-under overall and tying for 22nd place,[Read More…]

Nestory Irankunda Signs Long-Term Deal with Watford from Bayern Munich

Download IPFS Watford Football Club has completed the signing of Australian international Nestory Irankunda from Bundesliga champions Bayern Munich on a five-year contract. The 19-year-old winger, who earned his first cap for the Australian national team, the Socceroos, in June 2024, has joined the English Championship side for an undisclosed[Read More…]

Australia Sends First Batch of M1A1 Abrams Tanks to Ukraine Amid Ongoing Conflict

Download IPFS Australia has delivered the initial shipment of U.S.-made M1A1 Abrams main battle tanks to Ukraine, marking a significant escalation in military aid as Kyiv continues to resist Russia’s aggression. The Australian Defence Minister, Richard Marles, confirmed that most of the promised 49 tanks have been shipped, with the[Read More…]

Australia’s Stagnant Productivity Growth and Its Impact on the Housing Market

Download IPFS Australia has seen sluggish labour productivity growth in recent years, averaging just 0.2% annually from 2017 to 2024, far below the historical norm. This weak productivity growth limits the economy’s ability to expand supply, slowing income, wage, and consumer spending growth. Labour productivity measures how much gross domestic[Read More…]

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