Credit

Minns government waiting on federal approval of carbon credit scheme before proceeding with long-awaited great koala national parkFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA long-promised New South Wales great koala national parkis set to go ahead after the Albanese government greenlit the state to receive hundreds of millions of dollars for protecting native forests previously earmarked for logging.The assistant climate change minister, Josh Wilson, told Nine newspapers the government had approved the awarding of carbon credits to state governments for storing carbon dioxide in native forests on public land. Continue reading...

• Banks are rapidly integrating AI into credit underwriting, with a November 2025 European Central Bank assessment revealing that usage for credit scoring jumped from 15% to 30% between 2023 and 2024. • Regulators are concerned that these "black box" AI models lack transparency, creating significant compliance gaps as the technology outpaces existing financial oversight. • This clash matters because opaque AI decision-making could lead to systemic risk, unfair lending practices, and potential regulatory penalties for lenders.

Tech company received infrastructure relief as its five biggest UK divisions generate £32bn in revenuesAmazon’s main division in the UK was handed a £7.6m tax credit last year by HM Revenue and Customs, despite profits at the retail-to-streaming company surging by more than a quarter to £355m.Amazon UK Services – which employs 66,000 staff, the vast majority of its 75,000 employees in Britain – said it owed £9.1m in “current tax” last year. Continue reading...

• Specialist Risk Group (SRG) has appointed Zong Wen Lee as the head of its principal, credit and political risk division in Asia. • The appointment became effective on 6 July, bringing Lee's extensive market expertise and a professional track record from previous roles at JLT, Markel, and WTW. • This strategic hire allows SRG to strengthen its leadership and specialized brokerage capabilities within the Asian credit and political risk markets.

• Chiba Jets defeated Gunma Credit CT 72-68 in a tight Japanese basketball league game. • The Jets showcased exceptional free-throw accuracy, converting 19-of-22 attempts for an 86.4% success rate. • American forward performance was pivotal in securing the narrow victory for Chiba.

• A comprehensive mapping identifies every major startup credit program available in 2026, targeting AI and cybersecurity innovators. • Analysis shows most founders are leaving around $500K on the table by overlooking these non-dilutive funding sources. • The resource aids US-based scaling startups in accessing credits essential for growth amid competitive venture landscapes.

Labour called SNP first minister John Swinney ‘shameless’ for claiming credit when it was the result of king’s US visitDonald Trump’s announcement that he will lift punishing US tariffs on scotch whisky has been overshadowed by a row between rival Scottish party leaders over claiming credit for the decision.The whisky industry and business leaders were delighted by the US president’s sudden announcement on his Truth Social network on Thursday that he would end the tariffs to mark the visit by King Charles and Queen Camilla. Continue reading...

• SRI International contributed to four of the top 15 greatest US breakthroughs as ranked by Wall Street Journal readers: the internet, personal computing, color television, and artificial intelligence. • The recognition highlights SRI's foundational role in transformative technologies. • This acknowledgment underscores US leadership in science and innovation history.