Australian economy grew 0.2 per cent in Q2

Australian gross domestic product (GDP) rose 0.2 per cent (seasonally adjusted, chain volume measures) in the June quarter 2024 and by 1.5 per cent in the 2023-24 financial year, according to figures released by the Australian Bureau of Statistics...

Lloyd’s of London reports 26% jump in H1 profit

The market’s “superb” results reflected “a combination of disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet”. Commercial insurance market Lloyd’s of London on Thursday (Sep 5) reported a 26 per cent jump in first-half pre-tax...

Lloyds to use AI to automate trade finance checks

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation. Set for deployment this month, the technology will use optical character recognition machine learning, and natural...