Guaranteed pension income ‘resurrected’ for 17m private sector workers

The problem with inflation driven by factors such as wars and supply side shocks is that interest rate rises don’t do much Get our daily political email, free app or daily news podcast On Tuesday this week came the biggest news regarding inflation. No, not the Reserve Bank’s decision to raise interest rates; that will do barely anything (although it will most certainly raise unemployment). No, the most important news for inflation was that the US had launched limited strikes on ​Iran’s Qeshm Isl

Comparing Australia to other countries may not be much comfort but does offer some perspective on the economy Get our breaking news email, free app or daily news podcast Is Australia’s inflation problem worse than the rest of the world’s? A day after the Reserve Bank delivered its fifth interest rate hike for the year, increasingly stressed mortgage holders would be justified asking. Continue reading...

Midterms didn’t appear to have huge impact, though predicted wins for Democrats could mean more regulation US tech stocks made a recovery Tuesday afternoon after a selloff spooked investors over AI spending. The impact of Tuesday’s midterm elections didn’t appear to have a huge impact on Wall Street, though investors are predicting Democrats get at least a majority in the House and potentially gain seats in the Senate, which could lead to more AI regulation. Continue reading...

Firm reveals details about how its cryptocurrency exchange was compromised, saying operation began in June The hackers behind the $6.3bn (£4.7bn) Binance heist used bogus job interviews, malicious software and an internal AI tool, the company has revealed. The world’s largest cryptocurrency exchange was compromised in an operation that began with an inadvertent download of malware in June, led to a recruitment scam in September, and then a raid last week of “hot wallets” where billions of dollar