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The Ministry of Health and Family Welfare proposed amendments to the Medical Devices Rules, 2017, covering outsourced sterilisation, uniform testing fees, and recognition of the EU for clinical investigation waivers. The changes aim to simplify compliance and accelerate access to devices approved in the EU.
New research suggests COVID antivirals like Paxlovid and Lagevrio are less effective due to widespread vaccination and prior infections. The Australian government has spent over $2 billion on these drugs, which may offer only small benefits now. The Pharmaceutical Benefits Advisory Committee will review them in 2026.
New Zealand Prime Minister Christopher Luxon announced a bill to ban children under 16 from social media, with fines of up to 10% of global revenue for noncompliance. The proposal faces coalition opposition from New Zealand First, whose leader called Australia's similar law a 'colossal failure.'
Asian shares mostly declined at the start of a week dominated by bond-market pressure, Iran sanctions, and the Jackson Hole symposium. US futures were lower, while oil slipped. Reports varied on index levels, but the 10-year Treasury yield eased from recent highs after the Treasury's surprise buyback increase.
Sonova launched its third real-time AI hearing-aid platform, Phonak EON, on Monday, with the company positioning it as key to meeting medium-term growth targets. The Swiss firm aims to capitalize on the platform's advanced speech clarity and connectivity to attract both new and replacement customers. Rollouts in the U.S. began immediately, with Europe, Australia, and other markets to follow.
Gilas Pilipinas will play Jordan and Iran in the FIBA World Cup 2027 Asian Qualifiers' fourth window without naturalized player Justin Brownlee, as confirmed by head coach Tim Cone. The team enters with a 2-4 record and a four-game losing skid, but Cone expressed confidence in the size of his roster, including Kai Sotto's return.
India is negotiating free trade agreements with at least eight to nine more groups of countries, aiming to cover 75% of global trade, Commerce and Industry Minister Piyush Goyal announced during a business delegation visit to Japan, as he courted Japanese investment across sectors including semiconductors and AI.
Koen Mazoudier, a 30-year-old Australian boxer, opens up about being locked in a mental health facility and treated like a schizophrenic during his battle with drug addiction. Despite the ordeal, he returns to the ring this week, aiming for a world title.
New Zealand's government has introduced a bill to ban under-16s from social media, with fines of up to 10% of global revenue for non-compliant platforms. The bill faces opposition from coalition partners and is unlikely to pass before the November election.
The Block 2026 has faced fan backlash over its 'quiet luxury' brief and use of AI, with viewers calling the season 'bland' and 'cheating'. However, an agent and contestants defend the choices, arguing the show's heart remains intact and AI doesn't provide an unfair advantage.
Canada's Little Mountain Baseball from Vancouver kept its Little League World Series hopes alive with a 3-2 extra-inning win over Panama on Monday. Meanwhile, four teams remain undefeated in the tournament, and the MLB announced the 2027 Little League Classic matchup.
Jess Kelly, the 38-year-old nephew of Australian music legend John Farnham, faced a tough moment on The Voice Australia when no coaches turned their chairs for his performance of 'When the War Is Over.' In interviews with New Idea and WHO, Kelly discusses the pressure of his family name, the support from fans, and his plans to release new music.
Suzuki has revealed its first electric kei passenger car, the e Sky, which will be sold in Japan and the UK, with potential expansion to Europe and India. The vehicle targets a 310 km range, features a 26 kWh LFP battery, and is set to go on sale in Japan by March 2027.
Hilltop Hoods will headline the 2026-2027 Castaway Festival across Western Australia, Victoria, and New South Wales, with Violent Soho and Amy Shark among the supporting acts. The announcement highlights the trio's record seven ARIA Albums Chart No. 1s and their latest album 'Fall From the Light'.
KPMG Australia announced job cuts affecting about 360 employees and 27 partners, citing economic weakness and the fallout from a client confidentiality scandal. The firm's total revenue fell 1% to A$2.26 billion, while consulting revenue dropped 17%.
KPMG Australia announced job cuts of about 5% of its workforce, including 27 partners and around 360 employees, citing difficult market conditions and the impact of its conduct and whistleblower matters. The firm's revenue fell in fiscal 2026, and it remains banned from federal government contracts until at least the end of September.
Alkane Resources reported a new high-grade zone in the Cuffley Lode and drilling results from the Sub-KC domain at its Costerfield project in Victoria, Australia, including intercepts of up to 580.9 g/t gold. The company said the pod is accessible from existing infrastructure and is being integrated into the mine schedule.
Endeavour Group, owner of Dan Murphy's and BWS, reports annual profit fell to $52 million, impacted by a one-off writedown and price cuts. Sales continue to grow, with retail delivering 10 consecutive months of growth, but margins and profits are under pressure.
Fast-fashion retailer Shein launches its Hong Kong IPO, aiming to raise up to HK$13.86 billion and achieve a valuation of up to $US27 billion, a sharp decline from earlier private rounds. The company faces slowing growth and a recent quarterly loss amid rising trade costs and regulatory scrutiny.
Ampol has reported a sharp rise in first-half 2026 profit, with statutory net profit reaching A$1.36 billion against a year-earlier loss, as Middle East disruption boosted refining margins. The company more than quadrupled its interim dividend to A$1.85 per share and completed the EG Australia acquisition.