Bloomberg Australia’s top economic agencies are collaborating on a project to review the case for a central bank digital currency (CBDC) in the country. The Reserve Bank of Australia (RBA), Treasury and others will oversee the research effort designed to explore the potential economic benefits of introducing such a currency in Australia, the RBA said in a statement. The …

  Bloomberg Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from a cooler-than-expected US inflation data and progress towards Ethereum’s big upgrade. The largest cryptocurrency rises as much as 2.2% to $25,031, its highest level since June 13. It was trading around $24,750, rising a fifth straight day in a streak fuelled by US consumer-price …

Bloomberg Mercedes-Benz Group AG will join China’s Contemporary Amperex Technology Co Ltd (CATL) in building a battery factory in Hungary with an investment of as much as 7.3 billion euros ($7.6 billion), with some of Europe’s leading automakers set to become customers too. The plant will have capacity of 100 gigawatt hours, enough to power more than 1 million cars, …