News & Events

Australia’s Lynas Rare Earths Ltd posts record second-quarter revenue on demand for metals used in electric vehicles (EVs). Neodymium and praseodymium are widely used to make magnets that power EV motors. The demand for these accelerated due to the global push for reducing carbon emissions and meeting climate action targets.

Read the original article here: https://www.reuters.com/business/australias-lynas-posts-record-q2-revenue-robust-demand-rare-earths-2022-01-18/?utm_source=newsletter&utm_medium=email&utm_campaign=reuters-business&utm_term=Business%20News%20-%202021%20-%20Master%20List

At the 2022 Sydney Festival, a massive 2.7-tonne iceberg was seen over Sydney Harbour, as a part of a climate change performance piece called “Thaw”. The thawing ice here represents the dangers of melting glaciers around the world and global warming. Director Joshua Thomson said the work is “an artful statement on climate change and our shared sense of urgency for action”.

Read the original article here: https://www.dairynewsaustralia.com.au/aap-entertainment/melting-stages-urge-climate-change-action/

Malaysia is looking for ways to adopt digital currency, the nation’s central bank said. Last year, Australia, Singapore and South Africa joined forces to test the use of central bank digital currencies (CBDC) for cross border settlements. Several countries are accessing ways to make everything from interbank transactions to consumer purchases cheaper and more efficient.

Read the original article here: https://www.businesstimes.com.sg/government-economy/malaysias-central-bank-studies-need-for-a-digital-currency