iTWire Update – Australian Owned and Operated

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Hi John,


Australian Eco FinTech brand, Sphere has launched, combining world-leading Australian payments technology with top university research capabilities to help consumers lower their carbon footprint and reduce greenhouse emissions.

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Australia’s national science agency, CSIRO, has worked with Dell Technologies to build a high-performance computer (HPC) system which will speed up scientific discoveries and help grow Australia’s industry and economy.

The National Retail Association (NRA) has warned that if the Reserve Bank decides to raise interest rates at its next meeting, at minimum it would “significantly weaken consumer demand, forward orders and employment in the lead up to the critical trading periods of November and December” and, at worst, “potentially trigger a sector-wide recession in retail”.

Australia’s largest telco Telstra has claimed a new "world record" on its mobile network.

Median effective electricity prices for residential customers across all regions grew by 14 per cent between September 2022 and September 2023, according to the latest electricity report from the competition regulator.

And as always there's plenty more today, so for all the news please visit www.itwire.com.

Josh Martinez, newsletter editor, iTWire

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