ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Boeing Acquisition of Spirit AeroSystems Could Close Soon Amid Ongoing Conditions 
Waymo Issues Recall After Reports of Self-Driving Cars Illegally Passing School Buses in Texas 
Lockheed Martin Secures $1.14 Billion Contract Boost for F-35 Production 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Visa to Move European Headquarters to London’s Canary Wharf 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
The Australian government will provide ANZ Group with a A$2 billion ($1.26 billion) loan guarantee to support its banking operations in the Pacific region. The guarantee, expected to take effect in the second half of 2025, ensures ANZ can continue offering financial services across the Pacific.
The government considers the likelihood of the guarantee being called very low, and ANZ will pay an annual fee for the support. In addition, the bank has committed to investing an extra A$50 million in its Pacific banking division to strengthen operations and expand its digital banking services.
This strategic move underscores Australia's commitment to economic stability in the Pacific while allowing ANZ to maintain its market presence and enhance digital transformation. The bank's investment is expected to improve accessibility and financial inclusion in the region, reinforcing its long-term growth strategy.
By securing this guarantee, ANZ strengthens its position as a key financial player in the Pacific, ensuring continuity in essential banking services while advancing its digital banking evolution.
