A Google engineer has released an open source Java client for the Bitcoin peer-to-peer currency system, simply called BitcoinJ.

The Organisation for Economic Cooperation and Development (OECD) believes Australia's National Broadband Network (NBN) promises large benefits, but may not be the most cost-effective strategy.

Replacing the gross domestic product (GDP) with another measure of economic output holds distinct advantages, says the World Bank former chief economist and Nobel Prize winner, Joseph Stiglitz. The GDP could be “a misleading indicator” for countries trying to measure their economic success, Stiglitz told delegates at the Australian Economic Forum in Sydney.

Vanguard Investments' chief economist, Joe Davis, told a business function in Sydney on Thursday that Australia had proved one of the most resilient developed economies through the global financial crisis.