Austal Shares Jump After Hanwha Acquires Stake in Shipbuilder
Austal's stock rose as much as 9.7% in Sydney trading on Tuesday, its largest jump since Feb. 21, after a subsidiary of Hanwha acquired a 9.9% stake in the firm. The Korean company also applied to the Australian Foreign Investment Review Board to increase its holding to 19.9%, it said in a statement.
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Time Business News
3 hours ago
- Time Business News
Leading Korea's Payment Revolution: How Mobile Micropayments Are Shaping New Consumer Habits
South Korea, renowned for its advanced digital infrastructure and mobile-first society, is once again leading a quiet revolution—this time in how people pay. Mobile micropayments are transforming daily transactions, shifting not only spending behaviors but also the entire cultural approach to money. What once required cards or bank transfers is now done in seconds through a smartphone, often for just a few cents. At the heart of this transition is an intuitive and rapidly growing platform: pin-toss. Micropayments aren't just about convenience; they represent a broader evolution in how consumers interact with technology, brands, and each other. As more Koreans embrace cashless living, small digital payments are becoming powerful tools of influence, connection, and efficiency. Micropayments refer to digital transactions involving very small sums, often ranging from a few cents to a few dollars. These are commonly used for things like buying digital stickers, tipping delivery workers, accessing exclusive content, or splitting lunch bills. In Korea, where over 90% of the population owns a smartphone and mobile internet is blazing fast, these tiny payments are as common as breathing. Micropayments are frictionless. They don't require PINs, physical cards, or lengthy checkout processes. A few taps and you're done. That ease of use is what makes them so sticky in a fast-paced society like Korea's, where consumers demand speed and precision. Korea's dominance in mobile micropayments is no accident. The country has long invested in technology, connectivity, and mobile usability. High-speed networks, tech-savvy users, and a culture of innovation create the ideal environment for this trend to thrive. But there's more. Korean society places a strong emphasis on shared experiences and reciprocity. It's common to split costs for meals, drinks, or entertainment. Mobile micropayment platforms make this incredibly easy. Instead of cash exchanges or awkward IOUs, a user can send 1,000 won instantly using a sleek app like pin-toss. Government policies have also contributed. Regulatory encouragement for fintech development has helped new players challenge traditional banking with smarter, more agile services. The result is a competitive landscape filled with intuitive apps that prioritize user experience. Among the rising fintech innovators in Korea, pin-toss is one platform leading the charge. Designed with simplicity and social interaction in mind, it allows users to send and receive small amounts instantly. The app is particularly popular with students, freelancers, and young professionals who rely on frequent, low-value transactions. What makes pin-toss stand out is its clear interface, lightning-fast transfers, and strong user trust. Unlike bulky banking apps, pin-toss feels lightweight and responsive. Every feature is built around real-world needs—splitting bills, sharing gifts, topping up credits, or paying for small services. It's not just a payment tool. Pin-toss is part of a lifestyle shift toward smarter financial interactions. It reflects how younger Koreans view money: as something fluid, shareable, and mobile. Traditional finance taught consumers to plan big purchases, save up, and spend deliberately. Micropayments are rewriting that rulebook. They introduce spontaneity into everyday transactions. Buying a digital comic, donating to a cause, or sending a friend a coffee voucher—all these happen in the moment, driven by convenience and emotion. This ease fosters more frequent engagement. Instead of one big transaction a week, users might make 10 tiny ones each day. Over time, these small habits change how people think about value. They become more likely to support creators, subscribe to services, or reward good service—because the perceived 'cost' feels low, even if the aggregate is meaningful. In this context, platforms like pin-toss enable a micro-lifestyle, where even the smallest exchange carries social and emotional value. Micropayments are not just economic tools—they are social expressions. Sending someone 500 won for a cute sticker, or pitching in for a digital birthday card, adds a new dimension to digital interaction. These aren't just transactions; they are gestures. This has powerful implications for how brands engage with consumers. Loyalty programs, digital gifting, exclusive access—all can now be built around micro-commitments. Consumers prefer small, low-risk actions that lead to rewards, and businesses are adapting fast. Pin-toss, for example, is often used to distribute promo credits, limited-time offers, or small rewards for referrals. It's a gateway to higher customer engagement and longer-term loyalty. With the rise in transaction volume comes the need for robust security. The very nature of micropayments—frequent, low-value, often peer-to-peer—makes them vulnerable if not designed securely. Platforms like pin-toss prioritize safety without sacrificing user experience. Features like instant transaction alerts, biometric logins, and refund options build user confidence. Unlike traditional banks, which often bury such features in layers of menus, apps like pin-toss bring transparency to the forefront. That transparency is crucial. Users need to feel in control, especially when they're making daily decisions involving their money. Clear receipts, easy tracking, and the ability to freeze or review transactions all contribute to peace of mind. One of the underrated benefits of micropayment platforms is their ability to include people who are traditionally left out of financial systems. Students, part-time workers, freelancers, and even older adults with limited tech access can participate more fully in the economy through simplified apps. Pin-toss has been instrumental in this regard. Its minimal sign-up requirements, intuitive interface, and instant usability mean that anyone with a smartphone can send and receive money without needing a bank account. This opens doors to economic activity that was previously informal or invisible. Even in emergencies or remote regions, micropayments can serve as lifelines. Quick donations, aid distribution, or peer support becomes much more practical when platforms like pin-toss enable instant, traceable transfers. For small business owners and digital creators, micropayments present a powerful revenue model. Instead of relying on big purchases or subscriptions, they can monetize their content, services, or expertise one small transaction at a time. Whether it's charging a few cents for exclusive content, receiving tips for live streams, or accepting micro-donations for community work, the possibilities are endless. Platforms like pin-toss support this ecosystem by making every transaction smooth and trackable. Businesses can also use micropayments to build customer relationships. Offering a 500-won discount, micro-rewards for repeat visits, or time-limited coupons can drive frequent engagement and create brand stickiness without massive ad spends. The rise of micropayments signals a broader transformation in the way people experience commerce. It's not just about money anymore—it's about connection, participation, and ease. Consumers want fast, personalized, and invisible transactions. They don't want to fill out long forms, wait for confirmation codes, or deal with banking hours. Platforms like pin-toss are meeting those expectations by turning payments into a background process—one that quietly supports and enhances digital living. As Korea continues to set global trends in fintech, the world will likely watch and follow. The combination of cultural readiness, technological infrastructure, and platforms like pin-toss is making micropayments the new normal. Mobile micropayments in Korea are more than a tech trend—they are a cultural shift. They reflect a world where small moments matter, where money moves quickly and meaningfully, and where technology adapts to people—not the other way around. Pin-toss represents this evolution. It's not just changing how Koreans pay; it's changing how they live, connect, and build value in daily life. As more consumers adopt this micro-mindset, businesses, creators, and communities have a chance to thrive in an economy built not on size, but on frequency, trust, and simplicity. TIME BUSINESS NEWS
Time Business News
15 hours ago
- Time Business News
The Ultimate Guide to Work Overalls, Coveralls, and Cotton Coveralls for Australian Work Environments
When it comes to workplace attire, few items are as essential as durable and functional overalls and coveralls. These garments are staples across various industries, offering protection, comfort, and practicality for professionals working in demanding environments. Particularly in Australia, where unique work conditions and safety standards prevail, work coveralls and cotton overalls must meet rigorous requirements. This guide explores the essential features and benefits of work overalls, coveralls, and cotton coveralls, tailored specifically for Australian environments. Whether you're managing a construction site, working in the mining industry, or operating in a warehouse, finding the right workwear can make all the difference. Why Overalls and Coveralls Matter in Australian Workplaces Australia's diverse industries require a range of protective clothing, and overalls are at the forefront of workplace safety. Designed to meet national safety standards such as the AS/NZS 4602.1 for high-visibility garments, Australian coveralls are built to protect workers in hazardous environments. Key benefits include: Safety : Protection from physical hazards, chemicals, and environmental exposure. : Protection from physical hazards, chemicals, and environmental exposure. Comfort : Breathable and ergonomic designs for extended wear. : Breathable and ergonomic designs for extended wear. Durability : High-performance materials that withstand wear and tear. : High-performance materials that withstand wear and tear. Practicality: Functional features like multiple pockets and reinforced stitching. Whether you work outdoors in extreme weather conditions or indoors handling heavy machinery, overalls and coveralls provide an essential layer of safety without compromising on practicality. Key Features of Work Overalls and Coveralls 1. High-Visibility Standards High-visibility or hi-vis workwear is crucial in Australian industries like construction, roadwork, and mining. Overalls and coveralls designed with bright colors such as fluorescent yellow or orange, combined with reflective tape, ensure workers remain visible in dimly lit conditions or during nighttime operations. Hi-vis garments in Australia comply with strict standards, including daytime and nighttime visibility requirements. These features reduce risks in environments where workers are exposed to vehicles or heavy equipment. Highlight: Reflective tape positioned on key areas such as sleeves, legs, and torso provides 360-degree visibility. 2. Durable Materials for Australian Climates Australia's work environments are as diverse as its landscapes – from scorching heat in the Outback to cold southern winters. Workwear must be robust and suited to these extremes. Cotton coveralls are particularly popular for their breathability, making them ideal for hot climates. For colder conditions, heavy-duty, insulated fabrics are preferred. Additionally, materials like ripstop fabric and polyester-cotton blends increase resistance to tearing and wear, ensuring longevity even in rough environments. Highlight: Flame-resistant fabrics are critical for workers exposed to heat, open flames, or electrical hazards. 3. Safety Features Tailored to Specific Applications Coveralls are designed to meet the safety demands of various industries. For workers in hazardous conditions, additional layers of protection include fire-resistant treatments, chemical resistance, and waterproofing. For instance, electricians may require garments with arc flash protection, while chemical plant workers often opt for garments with seamless construction to prevent liquid penetration. Highlight: Some coveralls come with adjustable closures and cuffs to prevent contaminants from entering, especially in industries like agriculture or pest control. 4. Practical Design Elements Functionality is just as crucial as safety for workwear. Modern overalls feature practical design elements to improve the user experience. Key additions include: Multiple pockets for tools, personal items, and devices. for tools, personal items, and devices. Reinforced stitching at stress points for added durability. at stress points for added durability. Elasticized waists and adjustable straps for a better fit. and adjustable straps for a better fit. Knee pad pockets, particularly useful for construction and flooring professionals who spend a lot of time kneeling. These features reduce the need to carry additional equipment, enhancing efficiency and reducing fatigue. Applications of Coveralls across Industries 1. Construction and Roadwork Construction and roadwork professionals require high-visibility coveralls that withstand abrasion and exposure to rough materials. Reflective tape is especially critical, as workers must remain visible to machinery operators and road traffic. 2. Mining and Resources The mining industry presents hazardous conditions such as high temperatures, open flames, and heavy dust. Flame-resistant coveralls with reinforced stitching and dust-blocking closures are non-negotiable. 3. Agriculture and Forestry Agricultural workers benefit from lightweight cotton coveralls that allow mobility while protecting against dirt and agrochemicals. Waterproof options are ideal for forestry professionals exposed to harsh natural conditions. 4. Oil and Gas Oil and gas sectors require flame-retardant and anti-static coveralls to prevent accidents. Fire-resistant fabrics and no-exposed-metal accessories help reduce fire risks in these volatile environments. 5. Warehousing and Logistics For warehouse staff, breathable overalls equipped with ample storage space for tools and scanners enhance productivity. Tips for Choosing the Right Coveralls Consider the Work Environment Match materials and features to specific conditions. For instance, opt for flame-resistant fabrics for fire-prone areas or waterproof materials for wet environments. Ensure the garment meets safety standards like AS/NZS 4602.1 for visibility or ISO certifications for flame resistance. Choose ergonomic designs, breathable fabrics, and adjustable closures for long shifts. Inspect Practical Features Multiple pockets, reinforced seams, and knee pads are essential for workers who need to stay efficient and organized. Final Thoughts Work overalls and coveralls are not just functional garments – they're critical for worker safety, comfort, and productivity in Australia's demanding work environments. By choosing coveralls that incorporate high-visibility standards, durable fabrics, and practical features, businesses can ensure their workforce stays protected while maintaining peak performance. Investing in high-quality workwear is an investment in workplace safety and efficiency. Prioritize your team's protection by selecting coveralls tailored to meet the unique challenges of the Australian workforce. TIME BUSINESS NEWS
Yahoo
a day ago
- Yahoo
Glencore copper equivalent production grows 5% in H1 2025
Glencore has reported a 5% year-on-year (YoY) rise in copper equivalent (CuEq) production in the first half of 2025 (H1 2025). The growth was primarily attributed to the inclusion of steelmaking coal volumes from Elk Valley Resources (EVR), which Glencore acquired in July 2024. Steelmaking coal production totalled 15.7 million tonnes (mt). Own-sourced copper production stood at 343,900 tonnes (t) in H1 2025, a 26% slump YoY, mainly due to lower head grades and recoveries. The recoveries contributed to the reduced outputs from Collahuasi, Antapaccay, Antamina and KCC. Conversely, cobalt production saw a 19% increase to 18,900t in H1 2025, largely due to higher grades and volumes at Mutanda. Zinc production experienced a 12% uplift, with 465,200t produced. This was mainly due to higher grades at Antamina and increased production at McArthur River. Nickel production faced a 7% decline, with Murrin Murrin's maintenance downtime impacting results. The company's ferrochrome production was reduced by 28% to 433,000t. This was a strategic response to smelting conversion margin pressures, leading to the suspension of operations at the Boshoek and Wonderkop smelters. Energy coal production remained steady at 48.3mt, with stronger Australian production offsetting cuts at Cerrejón. Glencore CEO Gary Nagle said: 'A comprehensive review of our industrial asset portfolio during the period recognised opportunities to streamline our industrial operating structure, to optimise departmental management and reporting, and to support enhanced technical excellence and operational focus. 'This review also identified c.$1bn of cost savings opportunities (against a 2024 baseline) across our various operating structures, which are expected to be fully delivered by the end of 2026. H2 2025 is expected to already generate significant cost savings resulting from these initiatives – further details will be provided in our half-year results on 6 August.' Glencore has revised its full-year forecast for 2025, narrowing the expected copper production range to 850,000–890,000t from the previous estimate of 850,000–910,000t. It also revised its long-term EBIT (earnings before interest and taxes) guidance range to $2.3bn (SFr1.87bn)–$3.5bn per annum, from the $2.2bn–$3.2bn in place since 2017. The revision was influenced by the sale of Viterra to Bunge, growth in core businesses and inflationary pressures. The company also said it invested approximately $1.1bn into non-RMI (readily marketable inventories) working capital in H1 2025, focusing on high-return commodity pre-pay and lending opportunities. Glencore's Ferroalloys business has indefinitely suspended operations at the Boshoek and Wonderkop smelters until the ferrochrome market has sufficiently recovered, and is undertaking maintenance at the Lion smelter. "Glencore copper equivalent production grows 5% in H1 2025" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
