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eToro Expands Its Global Reach with AUD 80 Million Acquisition of Australian Broker Spaceship

by THEFUTURE.TEAM

September 29, 2024

In a strategic move to strengthen its presence in the Australian financial market, eToro, a global trading and investment platform, has announced the acquisition of Australian broker Spaceship for AUD 80 million. The deal, which is subject to regulatory approval, marks another significant step in eToro’s ongoing expansion efforts, as it seeks to solidify its position in the competitive landscape of financial technology.

Spaceship, an Australian fintech firm that focuses on superannuation and investment products, has built a reputation for offering simple and accessible investment solutions to a younger demographic. Launched in 2016, the company has aimed to modernise Australia’s investment approach, particularly in the realm of superannuation. Its acquisition by eToro, which boasts a community of over 32 million users globally, reflects a growing trend of consolidation in the fintech sector as major players seek to diversify their portfolios and capture new customer segments.

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Strengthening eToro’s Footprint in Australia

For eToro, this acquisition is not just about geographical expansion but also about gaining access to new markets and tapping into the unique superannuation market, which is estimated to be worth over AUD 3.5 trillion. By acquiring Spaceship, eToro is positioning itself to offer a broader range of financial services in a country where the demand for self-directed investment options is rapidly increasing.

Yoni Assia, CEO of eToro, remarked on the acquisition as a move that underscores the company’s commitment to providing diverse financial products and services to meet the evolving needs of investors worldwide. “This acquisition is aligned with our vision to empower people to grow their knowledge and wealth,” Assia stated, indicating that Spaceship’s integration would enable eToro to offer enhanced investment tools and products tailored to Australian investors.

The acquisition of Spaceship also signals a broader trend of consolidation within the fintech sector, where established firms are acquiring smaller players to scale their operations and capture market share. For eToro, this acquisition comes on the heels of other strategic moves aimed at broadening its global footprint, including previous partnerships and acquisitions in Europe and the United States.

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August 2025 Fuel Sales Decline Slightly Year‐Over‐Year Amid Shifting Demand Dynamics

by THEFUTURE.TEAM

September 29, 2025

Recent data from the Statistics Agency reveals that overall fuel sales in August 2025 reached 123,378 tonnes, marking a modest 1.0% decline compared to August 2024. Month‐on‐month figures further highlight a 14.8% drop from July 2025, signaling notable shifts in demand across various fuel categories.

Sector Breakdown and Performance

Detailed analysis indicates significant contractions in several segments. Sales of heavy and light marine fuels experienced steep declines (-100.0% and -70.6% respectively), while asphalt, liquefied petroleum gas, diesel fuel, heating oil, and gasoline registered decreases ranging from -11.5% to -0.1%. In contrast, supplies for specialized applications saw growth, with marine fuel for ships increasing by 41.4% and aviation fuel by 12.8%.

Retail and Monthly Trends

Fuel sales from retail stations fell by approximately 1.1%, amounting to 54,605 tonnes during the month. A closer examination of the month‐to‐month performance reveals that marine fuel supplies dropped by 35.2%, diesel sales declined by 20.2%, and gasoline fell by 8.7%, even as aviation fuel supplies saw a slight rise of 1.5%. Additionally, overall petroleum stock levels decreased by 9.6% at the end of August compared to the previous month.

Year‐to‐Date Growth Amid Annual Shifts

Despite the August downturn, cumulative figures for January through August 2025 show a 3.8% increase in total fuel sales relative to the same period last year. This juxtaposition of short‐term declines against year‐to‐date growth underscores the complex market dynamics at play, driven by shifting consumption patterns and sector-specific variances.