Australia inflation accelerates to 4.3 percent as RBA rejects
Australia's headline inflation rate has risen to 4.3 percent, though the Reserve Bank's chief economist has ruled out a recession.
via The Guardian
Today’s briefs
Business, economy, regulation and policy, briefly.
No clear winner in Israeli parliamentary election
Exit polls from the Israeli parliamentary election show no clear winner, leaving neither political bloc with a majority.
via Financial Times
Rupee edges up 4 paise to 95.03 against US dollar in early trade
The rupee edged up 4 paise to 95.03 against the US dollar in early trade as markets awaited the Federal Reserve policy decision.
via Business Line
Jio Platforms IPO absorbs market liquidity and dampens indices
India's largest IPO absorbs significant market liquidity, diverting capital from secondary equities and contributing to a decline in benchmark indices.
via Business Line
Anthropic targets Australian retail investors in blockbuster IPO
Anthropic is offering shares in its massive IPO directly to Australian retail investors, providing a rare chance to back a frontier AI model maker.
via The Age
Ultrobotix Advances AI Food Technologist Toward Proof of Concept
Ultrobotix Ltd. is advancing its AI Food Technologist initiative by preparing a proof of concept to test regulatory screening capabilities in Israel.
via Financial Post | Canada Business News
Beauty businesses are driving new life into High Streets
Beauty and personal care businesses are helping to support physical high streets by filling vacant spaces and attracting shoppers.
via BBC News - Business
UK SMEs Urged to Tackle International Growth With Local Strategy
UK small businesses attempting overseas expansion must adopt localized strategies, from targeted market research to transparent pricing, rather than relying on generic domestic models.
via Business Matters | The Uk's Leading Sme Business Magazine
Green Bean Studios Partners With Findel Group for New EdTech Series
Green Bean Studios has partnered with Findel Group to launch an early years edutainment subscription series, expanding the Manchester company's reach across UK schools and nurseries.
via Business Matters | The Uk's Leading Sme Business Magazine
UK Chancellor set to deliver Budget
UK Chancellor John Healey will deliver the Budget today, setting out the government's tax and spending plans for the year ahead.
via BBC News - Business
Anthropic targets Australian retail investors in blockbuster IPO
Anthropic is offering shares in its massive IPO directly to Australian retail investors, providing a rare chance to back a frontier AI model maker.
- Anthropic is opening its IPO to Australian retail investors.
- The company targets a valuation between $1.4 trillion and $1.75 trillion.
- The offering provides direct exposure to the AI sector for local super funds and individuals.
- Macquarie and CommSec are expected to manage the local offering.
Anthropic has filed a prospectus to include Australian retail investors in its upcoming initial public offering, with a targeted valuation between $1.4 trillion and $1.75 trillion. The move gives local investors and the massive superannuation industry direct access to a major player in the artificial intelligence sector.
The offering comes as Australia's market seeks fresh technology opportunities following recent setbacks from local floats. Major local institutions like Macquarie and CommSec are expected to handle the distribution, drawing comparisons to a similarly robust local retail demand seen during SpaceX's offering earlier in the year.