Crypto News: Meet the Bloomberg Australia podcast

Good morning everyone, it's Ben here on a chilly Canberra morning. This is what's making headlines today.

Today's must-reads:
• Meet the new Bloomberg Australia podcast
• RBA governor's honeymoon is over
• Qantas deceived one million passengers

In our first Bloomberg Australia podcast, the RBA has made it clear it won't be following the US Federal Reserve's rate easing path, but it isn't all bad news for Australian investors. Cross-asset reporter Richard Henderson joins managing editor Rebecca Jones in this week's podcast to discuss why Australian investors can expect a boost from the Fed's rate cut.

RBA Governor Michele Bullock is facing multiple headwinds just one year into her term at the top of Australia's central bank. In the bank's Financial Stability Review released on Thursday, the RBA said the vast majority of Australian borrowers were able to service their debts despite the cash rate sitting at a 12-year high. But the central bank is growing concerned about Australia's almost $4 trillion super industry.

Qantas Airways' ghost-flight scandal misled almost one million customers booked on tens of thousands of services that didn't exist, according to court documents released on Thursday that reveal the scale of the misconduct and the airline's awareness of the problem.

Vanessa Hudson, chief executive officer of Qantas Airways Ltd. Photographer: Brendon Thorne/Bloomberg

Australia's Zip Co. has become the best performing digital payments stock in the world over the past year. Sydney-based Zip's shares have jumped 937% during the period, the most in the 41-member Solactive Digital Payments Index, according to data compiled by Bloomberg.

Star Entertainment Group won a new $200 million debt facility and is looking for yet more capital in a desperate bid to shore up its balance sheet and keep hold of its Sydney casino.

Philip Lowe, former Reserve Bank of Australia Governor, will join the board of Barrenjoey, one of Australia's top investment banks. Lowe's appointment is effective Thursday, the Sydney-based firm said in a statement.

The S&P 500 rose 0.4% on Thursday, closing at its 42nd record high of this year, following data highlighting a resilient US economy and China's top leaders pledged to support fiscal spending. The Nasdaq 100 climbed 0.7%.

China's top leaders ramped up efforts to revive growth with pledges to support fiscal spending and stabilize the beleaguered property sector, giving new momentum to stimulus measures aimed at arresting a slowdown in the world's second-largest economy.

A Hong Kong court sentenced a former editor to 21 months in prison for publishing articles about pro-democracy activists, the first jailing of a journalist on sedition charges since the former British colony returned to Chinese rule.

Patrick Lam, former editor at the now-shuttered Stand News, leaves the District Courts following a sentencing hearing in Hong Kong. Photographer: Leung Man Hei/Bloomberg

Three US allies, including Australia and New Zealand sent warships through the Taiwan Strait in a rare defiance of China in those waters, on the same day Beijing fired its first intercontinental ballistic missile into the Pacific Ocean in 44 years.

OpenAI has turned out to be just like the rest of Silicon Valley after all, despite its early lofty claims, writes Bloomberg Opinion's Dave Lee.

• Treasurer Jim Chalmers is holding meetings in China with the nation's economic leadership

Are you in the market for a new house, love rock climbing and have a spare US$20 million? Then Sotheby's has got just the townhouse for you. Located in Greenwich Village, New York, the house covers 4,200 square feet (with an additional 1,200 square feet of exterior space), has four bedrooms with four-and-a-half bathrooms and includes, among other things, a transparent outdoor rock climbing wall that rises above the structure.

A climbing wall extends from the building's interior courtyard past the roof.

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