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Michael Lee

Michael Lee

Brisbane Times

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Australian Market Suffers Biggest One-Day Loss Since April As Global Trade Fears Mount

The Australian share market endured a brutal session on Tuesday, wiping out $60 billion in value and marking its steepest decline since the...

19.11.2025 10

International Business Times

Michael Lee

Indian Auto Giant Mahindra Officially Closed Its $175 Million Australian Aircraft Business — Here's Why

The News: Mahindra Aerospace Australia (MAAPL) has been officially liquidated after going into voluntary liquidation in July 2024. The Indian...

12.11.2025 8

International Business Times

Michael Lee

Barnaby Joyce Just Lost It On Live TV Over $150 Power Rebates — And It Got Really Weird

The Rant: Barnaby Joyce called the government's potential extension of $150 power bill rebates a "total swindle" and "Band-Aid on an amputated leg"...

11.11.2025 10

International Business Times

Michael Lee

NAB Just Posted $7.1 Billion Profit — But Here's Why Investors Should Be Worried

The Results: NAB reported FY25 cash earnings of $7.091 billion (down 0.2%) and statutory net profit of $6.759 billion (down 2.9%), both missing...

09.11.2025 10

International Business Times

Michael Lee

AUKUS Just Got Real: Australia Made 11 Major Announcements In 3 Days — Here's What's Actually Happening

The Event: Indo Pacific 2025 (November 4-6 in Sydney) brought 25,000 attendees, 900 defense exhibitors, and 200 naval delegates from 50 nations for...

07.11.2025 10

International Business Times

Michael Lee

World's Strictest Social Media Law: 9 Platforms Must Block Everyone Under 16 or Pay $33M

Australia Just Banned 9 Social Media Platforms for Everyone Under 16 — And It Starts in 35 Days The Platforms Affected: Reddit and Kick were just...

07.11.2025 7

International Business Times

Michael Lee

Australia Just Built the World's First Quantum Diamond Factory — Here's Why It Matters

That growth depends on establishing sovereign manufacturing capabilities—exactly what this foundry provides. Rather than importing quantum...

06.11.2025 7

International Business Times

Michael Lee

CommBank Just Got Shamed For Refusing $270 Million Refund To Poorest Customers — While Celebrating $10 Billion Profit

The Award: Commonwealth Bank won its fourth CHOICE Shonky Award — making it the most "shonky" company in the award's 20-year history. This year's...

06.11.2025 6

International Business Times

Michael Lee

Australia Just Helped China's Nuclear Program — And Nobody Noticed Until Now

The Discovery: Australia controls 74% of the world's zirconium reserves — a little-known critical mineral essential for nuclear fuel rods and...

05.11.2025 10

International Business Times

Michael Lee

Australian Parenting App, Tinybeans, Snaps Up US Rival for $4M, Instantly Doubling Subscriber Base

The Deal: Australian photo-sharing app Tinybeans (ASX: TNY) is acquiring US-based Qeepsake for US$2.7 million ($4.1 million AUD) in an all-stock deal,...

04.11.2025 8

International Business Times

Michael Lee

Australian Home Prices Just Hit Their Fastest Growth In Over Two Years — And It's Not Slowing Down

October's Surge: Australian home values jumped 1.1% in October 2025, marking the strongest monthly gain since June 2023 and pushing annual growth to...

04.11.2025 10

International Business Times

Michael Lee

Israeli Travel Company Just Bought a Sydney Business for $10 Million — And It's Not Done Yet

The Deal: Israel-based Talma Travel Solutions acquired Sydney's Bay Travel Group for US$10 million (£7.61 million), marking its first move into the...

01.11.2025 9

International Business Times

Michael Lee

Charter Hall Retail REIT Snaps Up Four Bunnings Stores for A$151 m to Bolster Net-lease Portfolio

SYDNEY — Australian listed property trust Charter Hall Retail REIT saw an opportunity in the hardware sector and acted — acquiring four standalone...

31.10.2025 10

International Business Times

Michael Lee

Sweden's EQT Launches A$5.25 Billion Bid For AUB Group In Broking Sector Shake-Up

SYDNEY — Swedish private-equity firm EQT AB has launched a takeover bid for Australia's AUB Group, valuing the insurance broker at approximately...

31.10.2025 10

International Business Times

Michael Lee

Retail Safety Crisis: Wesfarmers Reveals Spike In Threats And Assaults On Employees

SYDNEY — Wesfarmers, the Australian conglomerate behind brands such as Bunnings and Kmart, has disclosed that its store employees were subject to...

31.10.2025 10

International Business Times

Michael Lee

Australia Tables Historic Environmental Reform Legislation Promising Economic Boost And Conservation Balance

LEGISLATIVE DEVELOPMENTS: KEY INSTITUTIONAL CHANGES: POLITICAL CHALLENGES: STAKEHOLDER POSITIONS: CANBERRA — Australia's center-left Labor...

31.10.2025 10

International Business Times

Michael Lee

Nvidia Becomes First Company to Reach $5 Trillion Valuation as AI Chip Demand Surges

SYDNEY — Nvidia Corporation has made financial history: the company now stands as the first public company ever to cross a US $5 trillion...

31.10.2025 10

International Business Times

Michael Lee

Melbourne Event Trifecta to Spark $110 Million Business Windfall

MELBOURNE — Melbourne is gearing up for a major economic boost, as a string of three major events is expected to inject approximately A$110 million...

29.10.2025 10

International Business Times

Michael Lee

WiseTech Global Offices Raided by Police, Regulators Over Chairman Richard White's Share Trading

Australian logistics software giant WiseTech Global faced a dramatic turn of events on Monday as federal police and financial regulators descended on...

29.10.2025 10

International Business Times

Michael Lee