Rhode Island Man Admits to Shipping Fentanyl to Australia
Felix Suarez, 25, pleaded guilty to conspiracy to distribute and to possess with intent to distribute fentanyl; two counts of attempt to distribute a controlled substance; unlawful export of a controlled substance;…
Australia PM could launch inquiry into secret ministries saga
SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese on Sunday said his government could consider an inquiry into former Prime Minister Scott Morrison being secretly sworn into key ministries during the coronavirus…
Australia to target vehicle emissions to boost electric car supply
By Praveen Menon and Renju Jose SYDNEY (Reuters) -Australia’s government said on Friday it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it…
Australia wage growth picks up in Q2, lags forecasts and inflation
By Wayne Cole SYDNEY (Reuters) – Australian wage growth rose at the fastest pace in almost eight years last quarter as red-hot demand for labour drove unemployment to generational lows, yet pay…
‘Too big for Australia’, says pension fund eyeing global expansion
SYDNEY (Reuters) – Australia’s biggest pension fund has outgrown the country and wants to quadruple in size to be a global investment powerhouse worth A$1 trillion ($700 billion) within a decade, its…
German fighter jets en route to Australia as Berlin shifts focus to Indo-Pacific
BERLIN – Germany is sending 13 military aircraft to joint exercises in Australia, the air force’s largest peacetime deployment, underlining Berlin’s increased focus on the Indo-Pacific amid rising tensions with China in…
Australia business activity booms in July, costs surge
By Wayne Cole SYDNEY – A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face of rising interest rates and high inflation,…
Australia home prices slide, Sydney suffers worse month in 40 years
By Wayne Cole SYDNEY – Australian home prices slid for a third month in July and the pace quickened as Sydney suffered its worst decline in almost 40 years amid rising borrowing…
Australia PM says Indigenous-voice details to follow referendum
SYDNEY – Details for giving Australia’s Indigenous people a voice in parliament will follow a national referendum on the question, Prime Minister Anthony Albanese said on Sunday. Albanese’s centre-left Labor Party government…
Australia cenbank to play catch-up, raise rates by 50 bps for third month on Aug 2
By Devayani Sathyan BENGALURU – Australia’s central bank will deliver its third consecutive half-point interest rate hike on Tuesday and another in September, playing catch-up with peers in a campaign to contain…
Australia gov’t to double foreign investment fees, penalties
SYDNEY – Australia will double the fees for foreign investors looking to buy assets in the country, Treasurer Jim Chalmers said on Friday, as he grapples with protracted budget deficits and seeks…
Australia battles fresh Omicron outbreak as COVID deaths rise
SYDNEY – Australia reported one of its highest daily death tolls from the novel coronavirus on Thursday while hospital admissions hovered near record levels, as authorities struggle to get ahead of highly…
Australia to review central bank’s monetary tools, rate forecasts
SYDNEY – Australia will launch a review of the Reserve Bank of Australia’s (RBA) inflation target, monetary tools and board structure, Treasurer Jim Chalmers said on Wednesday, amid criticism over the central…
Privately issued but regulated digital currencies have benefits -cbank chiefs
By Alun John (Reuters) -Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said on…
Australia reinstates COVID quarantine pay amid fresh Omicron wave
By Renju Jose SYDNEY – Australia will reinstate support payments for casual workers who have to quarantine due to COVID-19, Prime Minister Anthony Albanese said on Saturday, as a fresh wave of…
China hopes Australia can take actions to promote trade relations – commerce ministry
BEIJING – China hopes Australia can take pragmatic actions to create favourable conditions for the healthy and stable development of bilateral trade relations, China’s commerce ministry said on Thursday. China expects Australia…
Australian regulator lifts additional capital overlay on Allianz Australia
(Reuters) -Australia’s prudential regulator said on Thursday it has scrapped the additional capital requirement of A$150 million ($101.64 million) placed on the local unit of Allianz SE after finding the insurer has…
Australia consumer sentiment slides further in July amid inflation gloom
SYDNEY – A measure of Australian consumer sentiment slid for an eighth straight month to match pandemic lows in July as the surging cost of living and rising interest rates darkened the…
U.S. firm to build $1.7 billion data centre, large-scale battery in Australia
MELBOURNE – Private-equity firm Quinbrook Infrastructure Partners said it has won approval to build a data centre worth A$2.5 billion ($1.7 billion) in Australia, that will eventually include one of the largest…
Australia expands fourth COVID dose rollout amid fresh Omicron threat
By Renju Jose SYDNEY -Australia said on Thursday it would expand the rollout of the fourth dose of COVID-19 vaccines from next week as it battles a steady rise in hospital admissions…
Citing Australia, lawmakers warn Britain against overselling trade deals
LONDON – Britain’s parliamentary trade committee on Wednesday warned the government against overselling its post-Brexit trade deals, citing shortcomings in its agreement with Australia and calling for more time for lawmakers to…
South Australia to review Skycity’s Adelaide casino amid broader scrutiny
(Reuters) – South Australia’s gambling regulator said on Friday it would commission an independent review of Skycity Entertainment’s Adelaide casino, after probes in other states found shortcomings at rivals Crown Resorts and…
Australia home prices slip in June as Sydney, Melbourne drag
By Wayne Cole SYDNEY – Australian home prices slipped for a second month in June as once red-hot markets in Sydney and Melbourne felt the chill from rising interest rates and a…
Australia job vacancies surge as firms struggle to find staff
SYDNEY – Job vacancies in Australia surged to all-time highs in the May quarter as firms struggled to find staff amid a tightening labour market, another sign interest rates are likely to…
At Australia mine, Glencore balances reforestation drive, coal profit
By Praveen Menon HUNTER VALLEY, Australia – At Glencore’s aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out fields, aiming to…
Uber agrees to Australia minimum pay body after similar moves in Britain, Canada
By Byron Kaye SYDNEY – Uber Technologies Inc and Australia’s main transport union agreed on Tuesday to back a federal body that enforces minimum pay for the company’s drivers, joining a global…
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