Business
(VIDEO) Australia Thrash Ireland by 67 Runs in Colombo to Launch T20 World Cup Campaign in Style
COLOMBO, Sri Lanka — Australia opened their T20 World Cup 2026 campaign with a ruthless 67‑run victory over Ireland, combining a muscular batting display with a suffocating bowling performance to underline their title credentials in Group B.

Sent in to bat after stand‑in captain Travis Head won the toss at the R. Premadasa Stadium, Australia posted an imposing 182 for 6 before skittling Ireland for just 115 in 16.5 overs. The result not only delivered two points but also handed Australia a hefty early boost to their net run rate in a group where every decimal could prove crucial.
Stoinis and Inglis power Australia to 182
Australia’s innings began in chaotic fashion when Head, leading the side in the absence of the injured Mitchell Marsh, was run out for 6 after a mix‑up with opening partner Josh Inglis. Inglis had already survived a chance — dropped at point — and capitalised on his reprieve with an aggressive, counter‑punching cameo.
Inglis and Cameron Green quickly wrested back momentum from Ireland. The pair kept the powerplay run rate above 10 an over, mixing clean hitting down the ground with sharp running between the wickets. Green raced to 21 off 11 balls before miscuing to mid‑wicket, but by then Australia had 64 on the board at the end of six overs, with the Irish seamers struggling for control on a placid surface.
Inglis continued to attack, racing to 37 off just 17 balls with a flurry of boundaries through point and over extra cover. His dismissal, holing out after earlier striking George Dockrell for four, briefly checked Australia’s charge, and a quiet middle phase followed as new batsmen adjusted to a pitch that began to slow and grip.
Matt Renshaw and Marcus Stoinis then rebuilt the innings in a decisive fifth‑wicket stand worth 61. Renshaw played the anchor role with 37 from 33 balls, rotating the strike and allowing Stoinis to dictate terms. Stoinis, who top‑scored with 45 from 29 deliveries, picked his moments to accelerate, driving powerfully down the ground and muscling a six over mid‑wicket while still collecting the majority of his runs in hard‑run ones and twos.
Glenn Maxwell’s brief stay offered flashes of intent without a big payoff, but Australia’s refusal to panic after losing early wickets meant they always had a platform to launch from. Late nudges and hustled doubles in the final overs ensured Australia reached 182, a total that looked slightly above par once the ball began to hold in the surface.
For Ireland, Mark Adair and Barry McCarthy fought hard in the death overs to prevent a 190‑plus score, but the damage from the powerplay and the Stoinis‑Renshaw partnership left them facing a daunting chase.
Ellis and Zampa rip through Ireland
Ireland’s reply unravelled almost immediately. Captain Paul Stirling, their most experienced and explosive batter, retired hurt for 1 in the opening over after what appeared to be a hamstring issue, dealing a psychological blow to a side already up against it.
Australian seamer Nathan Ellis took full advantage of the unsettled top order. Renowned for his clever changes of pace and skiddy trajectory, Ellis struck twice inside the first few overs, removing both set batters and exposing Ireland’s middle order before they could settle. By the end of the powerplay, Ireland had slumped to 40 for 4, their chase effectively in ruins.
Curtis Campher (4), Benjamin Calitz (2) and Gareth Delany (11) all fell cheaply during a brutal collapse that left Ireland tottering at 43 for 5 by the seventh over. Any hopes of a miracle hinged on wicketkeeper Lorcan Tucker and all‑rounder George Dockrell, who mounted the only meaningful resistance of the innings.
The pair added 46 for the sixth wicket, with Dockrell in particular showing composure and intent. He compiled a spirited 41 off 29 balls, finding gaps and punishing anything short or wide. Tucker supported with 24 as the duo briefly quieted the Australian fielders and forced Travis Head to juggle his bowling options.
But Adam Zampa, who had been held back specifically for the middle overs, quickly reasserted Australia’s control. The leg‑spinner broke the stand by removing Tucker, drawing him into a miscued stroke. Once that partnership ended, Ireland’s lower order crumbled.
Zampa and Ellis then turned the screw in tandem. Zampa’s drifting leg‑breaks and sharp googlies dismantled the middle order, while Ellis continued to choke off scoring opportunities with a mix of cutters and yorkers. Both bowlers finished with identical figures of four wickets apiece, underlining their dominance and leaving Ireland shot out for 115 with more than three overs unused.
Dockrell was the last semblance of resistance before the tail fell away, underscoring how little support Ireland’s top order offered in the face of Australia’s relentless attack.
Bowling discipline sets the tone
Australia’s performance with the ball was as clinical as their batting was controlled. Ellis’ 4 for 12 stood out not just for the wickets but for the pressure he applied; his economy and accuracy forced Ireland’s batters into high‑risk shots far earlier than they would have liked.
Zampa’s 4 for 23 demonstrated once again why he is central to Australia’s white‑ball plans. On a surface that rewarded patience and changes of pace, he consistently attacked the stumps, forcing errors from batters unsure whether to commit forward or back.
Xavier Bartlett and Matthew Kuhnemann provided useful support, tightening the screws from the other end and ensuring Ireland never found a passage of play in which they could counter‑attack freely. In the field, Australia were sharp, with direct hits and diving stops adding to Ireland’s sense of suffocation.
Perfect start to Group B campaign
The 67‑run margin sends Australia to the top of Group B on net run rate and serves as a statement of intent to the rest of the tournament. Coming into the World Cup with key players missing and questions about depth, they answered emphatically on both fronts: the batting card produced multiple contributions, and the attack functioned as a well‑drilled unit.
For Ireland, the defeat leaves them winless after two matches and with serious concerns over both form and fitness. Stirling’s hamstring issue looms as a major worry, and the fragility of the top order under pressure was laid bare. Their bowlers showed patches of discipline, particularly in the latter half of Australia’s innings, but the early overs with both bat and ball ultimately proved decisive.
As the tournament moves forward, Australia will look to build on the momentum of this comprehensive opening victory, while Ireland face a quick turnaround to resurrect their campaign and repair both confidence and combinations.
Australia may have needed four days to get on the park, but once they did, they wasted no time reminding everyone why they remain perennial contenders in global T20 cricket.
Business
Stocks Recover From Early Losses. It’s a Familiar Pattern.
The stock market started to climb out of its early hole on Monday. Pardon me if you’ve heard this one before.
The Dow, after nearly falling 900 points in the first hour of trading, was down just 280 points, or 0.6%. The S&P 500 cut its decline to 0.2%. The Nasdaq Composite was actually up 0.2%.
The stock market was following an identical pattern that played out most of the past week: The Dow racked up big declines early, but the indexes climbed out of the early hole as oil prices ease slightly.
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Valuations moderate after market fall, but India’s premium limits FII comeback
At the end of Tuesday’s trading session, the NSE Nifty 50 and the BSE Sensex had a trailing price-earnings (P/E) multiple of 21.2 times and 21.3 times, respectively. This compares with their P/Es of 22.8 at the beginning of the current calendar year. The Indian benchmark P/Es have softened from the levels of over 23 two years ago. This shows the market is cheaper than it used to be, tempering investor concerns of excessive valuations, which, along with slowing growth, has contributed to foreign investors‘ risk-aversion towards India.
AgenciesVALUATION PREMIUM FALLS: Benchmarks have shed over 8% in 2026 amid investor caution over fallout of West Asia war, but local equities still trading at a premium to EM peers
The valuation premium of Indian benchmarks has now narrowed with respect to nine out of 12 major global equity indices. For Instance, Nifty’s premium over the Hong Kong benchmark has reduced to 1.8 times from 2.3 times at the beginning of the year. The premium with respect to the German DAX and French CAC 40 has fallen to around 1.2 from 1.5 by similar comparison. In the case of other benchmarks, including the US Dow Jones and S&P 500, Indian benchmarks continue to trade at a marginal discount, as they did earlier.
The benchmarks have shed over 8% in 2026 so far, including a 4% drop since the beginning of March as investors turn cautious amid the rising concerns over the impact of the West Asian conflict between Iran and Israel. On a year-to-date basis, India has the second-worst performing equity market among major markets in the world behind Indonesia where the local benchmark has lost 14%.
Business
D-St bulls, rupee regain ground amid global oil price rollercoaster
The rupee closed at 91.80 per dollar amid likely RBI interventions, prompting traders to buy the dip. It had previously closed at a record low of 92.33. Oil prices plunged nearly 10% from their panic-driven peak a day earlier, but were paring losses as of press time.
Risk assets mirrored the currency’s smart recovery. The NSE Nifty climbed 1% to 24,261.60. The BSE Sensex advanced 0.8% to 78,205.98.
Agencies Sectoral Indices Up
Both gauges had fallen around 3% over the past two sessions.
“Slide in crude prices yesterday [Monday], after touching $119, and further falls on Tuesday led traders to cut their bearish bets,” said Siddarth Bhamre, head of research, Asit C Mehta Intermediates. “The West Asia conflict had led to the build-up of ‘panic shorts’ in the system, which got squeezed out as Donald Trump indicated the war is near its end.”
Across Asia, South Korea jumped 5.4% while Japan gained 2.9%. Hong Kong and Taiwan climbed more than 2% each. China advanced 0.7%.
Analysts said that while the rebound could extend, investors remain cautious given the volatility in crude oil prices on account of the conflict in West Asia.
Some uncommitted investors with higher cash holdings are also likely to have deployed money since the declines offered decent entry points, said Bhamre.
All sectoral indices climbed except the IT and oil & gas indices. The Nifty Auto index jumped 3.1% and Nifty Consumer Durables index gained 2.7%. Bank Nifty advanced 1.6% and the PSU Bank index moved 2.2% higher. “Some weak hands squared off their short positions after Trump said that the war could wrap up soon. It also led to some long build-up in outperforming sectors, such as auto and pharma,” said Rajesh Palviya, head of technical and derivatives, Axis Securities.
The rupee, meanwhile, traded in the range of 92.19 per dollar and 91.72 per dollar. Brent crude oil prices cooled to around $93 per barrel, from about $119 per barrel Monday after the US President said “the war is very complete.”
The dollar index, too, decreased to 98.5 from nearly 100 levels the previous day, strengthening Asian currencies.
‘Cautious Optimism’
Still, fuel price fluctuations remain the key driver for the rupee’s trajectory, and the pace of deprecation would increase if oil prices trade above $100 per barrel, traders said.
“With crude prices cooling and the dollar slightly weaker, sentiment for the rupee has improved. I expected the trading range to remain between 91.25/$1 and 92.60/$1,” said Jateen Trivedi, currency research analyst at LKP Securities. “Crude price movements and the direction in the dollar index would continue to guide the currency’s near-term trends.”
Energy prices remain a major concern for risk assets, too, with analysts explaining a lower-than-expected decline in the fear gauge to suggest that a spike in oil prices could dent stocks.
The Volatility Index (VIX) dropped 19.1% to 18.9 – indicating that traders tempered risk expectations.
Foreign portfolio investors sold shares worth ₹4,672.7 crore on Tuesday. Their domestic counterparts bought shares worth ₹6,333.3 crore. In March, global investors dumped stocks worth ₹33,429.6 crore.
Bhamre said while the rebound could extend in the short term, the preceding corrections were substantial. “Investors are not advised to get carried away with the rebound since it is unsure if the bottom is made,” he said. “There is no big rally in the offing. Unless the tensions flare up again, the markets are expected to see minor declines instead of deeper cuts. The volatility and global risk-off sentiment could keep a lid on the gains.”
Business
Lululemon Fined More Than $700,000 for Sending Emails That Violate Spam Laws

Lululemon has paid a $702,900 fine for sending hundreds of thousands of emails that customers had no way of unsubscribing from.
This comes after the Australian Communications and Media Authority (ACMA) launched an investigation against the companies over violations against the country’s spam laws.
Lululemon Pays Fine Over Emails
According to a report by 9News, not all of the emails that Lululemon sent between December 1, 2024, and January 5, 2025, were marketing or promotional in nature.
“In this case Lululemon sent service emails such as shipping updates that also contained sales material and direct links to promotions,” ACMA member Samantha Yorke said in a statement.
Yorke added, “This was an easily avoidable error that has led to hundreds of thousands of marketing emails being sent without a way for people to opt out.”
A spokesperson for Lululemon has also released a statement on the issue, according to ABC News.
“We take this responsibility very seriously and have worked cooperatively with the Australian Communications and Media Authority (ACMA) to address their findings,” the Lululemon spokesperson said.
“We have completed a thorough review of our practices for communicating with our guests and have made updates to our standard guest journey emails, including our order confirmation and delivery notifications to ensure ongoing compliance,” the spokesperson assured.
What Australian Law Requires
Spam laws in Australia require businesses to include the option to unsubscribe from marketing and promotional emails and texts.
In addition to the fine for violating Australian laws, Lululemon has also agreed to enter into an independent review of its spam rule compliance.
The company is also required to regularly report to the ACMA regarding the implementation of recommended improvements.
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The IPO book was covered more than five times, one of the people said. It has now closed and pricing will be finalised after U.S. market hours on Wednesday, the person said.
The Japanese payment app operator was offering 55 million American depositary shares, priced $17 to $20 apiece, a filing this month showed, targeting a valuation of up to $13.4 billion.
The people declined to be identified as the information is not public. PayPay declined to comment.
PayPay has played a central role in encouraging Japanese consumers to move away from a preference for cash by offering rebates on its payments app.
However, it has had a bumpy IPO path. Its IPO roadshow was initially postponed after markets were jolted by conflict in the Middle East, Reuters reported last week.
It had already postponed the IPO last year during the U.S. government shutdown, which disrupted regulatory processes and delayed regulatory filing.
PayPay plans to list on the Nasdaq under the symbol “PAYP”. Reuters first reported its plans for a U.S. listing in 2023.
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