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 govt sees budget almost in balance for 2023/24
SYDNEY (Reuters) – Australia’s government expects a much improved budget bottom line this year as revenues outpace forecasts, but is resisting calls for more cost-of-living handouts to avoid inflaming inflationary pressures. In…
Australia mid-year budget to flag spending curbs amid inflation risks
SYDNEY (Reuters) – Australia’s mid-year budget update will include about A$10 billion ($6.56 billion) in savings, official data showed on Tuesday, as the government looks to cut spending in a bid to…
Australia business mood darkens as activity slows -survey
SYDNEY (Reuters) – Australian business confidence fell to its lowest since the pandemic in November as sales and profits softened, a survey showed on Tuesday, while price pressures picked up amid a…
McDonald’s Australia hit with class action over unpaid overtime
(Reuters) – An Australian workers union has filed a class action against McDonald’s local unit, alleging that the restaurant chain asked current and former employees to work before and after their rostered…
Australia ‘heartened’ as US Congress expected to pass AUKUS provisions
By Kirsty Needham SYDNEY (Reuters) – Australia’s government on Friday welcomed signs that a U.S. defense spending bill which would authorise the sale of nuclear submarines to Australia is set to pass…
Italian road and airport operator Mundys explores India, Australia expansion
By Elisa Anzolin MILAN (Reuters) – Italian infrastructure group Mundys aims to strengthen its toll roads presence in the United States, Chile and Europe and is exploring expansion in India and Australia,…
Australia government seeks opposition support on immigration detention legislation
By Renju Jose and Lewis Jackson SYDNEY (Reuters) -The Australian government on Wednesday urged the opposition to support legislation that would allow authorities to lock up former immigration detainees who were released…
Australia trade drags on Q3 growth, government spending a boost
By Wayne Cole SYDNEY (Reuters) – Australia’s current account slid into deficit in the September quarter as prices for some commodity exports fell and locals spent more money abroad, leaving trade as…
Mining boosts Australia business investment to 8-year high, outlook upbeat
By Wayne Cole SYDNEY (Reuters) – Australian business investment rose to an eight-year high in the September quarter thanks to a rebound in mining, while plans for future spending were upgraded in…
Chinese official warns Australia on navy movements in East, South China Seas
By Kirsty Needham SYDNEY (Reuters) – China has urged Australia to notify it of navy movements in the contested South China Sea and East China Sea, with a senior Chinese official cautioning…
Australia Oct retail sales slip as consumers hold off for Black Friday sales
SYDNEY (Reuters) – Australian retail sales unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday…
Virgin Australia adds Boeing MAX-8 aircraft as demand stays buoyant
(Reuters) – Airline operator Virgin Australia on Friday said it has added six Boeing MAX-8 aircraft to further expand its fleet and meet travel demand, taking its total order for the planes…
Safety of defence personnel ‘utmost priority’, Australia says after China warship incident
NEW DELHI (Reuters) – The safety and wellbeing of Australian defence personnel is Canberra’s “utmost priority” and Australia expects all countries to operate militaries in a safe and professional manner, Foreign Minister…
Australia PM: Chinese navy incident that injured diver was ‘dangerous’
By Kirsty Needham SYDNEY (Reuters) -Australia’s Prime Minister Anthony Albanese said a Chinese warship acted in a dangerous manner during an incident with an Australian navy vessel that injured a military diver,…
Australia to introduce bills on petroleum duty, PwC scandal reform
By Lewis Jackson SYDNEY (Reuters) – Australia will on Thursday introduce two previously announced tax bills that will raise petroleum tax revenue and legislate the government’s response to a national scandal over…
Australia confident China will lift all trade blocks next month
SYDNEY (Reuters) – Australia said on Wednesday China could lift all its remaining trade blocks by next month as relations between the commodity trade partners stabilise and after Prime Minister Anthony Albanese’s…
Australia sovereign wealth fund should be preserved, not spent -chair
By Lewis Jackson SYDNEY (Reuters) – Australia’s financial position will be more precarious and credit rating at risk should the government succumb to the temptation to spend the sovereign wealth fund on…
Australia central bank sees risk of upside surprises to inflation in policy outlook
SYDNEY (Reuters) – Australia’s central bank on Friday warned there were risks of further upside surprises to inflation following its latest hike in interest rates, while also raising forecasts for economic growth…
Chaos as Optus outage disconnects half of Australia
By Byron Kaye SYDNEY (Reuters) – For one talkback radio caller, the first sign something was wrong with Australia’s second-largest internet provider, Optus, came when her cat’s wifi-powered food dispenser failed to…
Marketmind: Australia hikes but tempers its outlook
A look at the day ahead in European and global markets from Tom Westbrook: Bond markets have curbed a little of last week’s enthusiasm about a prospective peak in global interest rates,…
Private credit sees opportunity in Australia real estate as banks hesitate
By Lewis Jackson and Rae Wee SYDNEY (Reuters) – Private credit lenders are increasing their footprint in parts of the Australian commercial property market, providing alternatives for borrowers as banks scale back…
Australia rate risk grows as house prices jump and IMF chimes in
SYDNEY (Reuters) – Chances of an imminent hike in Australian interest rates grew on Wednesday after data showed house prices rebounding to near record highs and the International Monetary Fund recommended tightening…
IMF staff recommends further tightening of monetary policy in Australia
SYDNEY (Reuters) – The staff of the International Monetary Fund on Wednesday recommended Australia’s central bank further tighten monetary policy in order to bring inflation back to target and keep inflation expectations…
Australia LNG workers vote in support for Chevron deal
(Reuters) – An Australian union alliance’s members voted in support to endorse deals on pay and conditions at Chevron’s two liquefied natural gas (LNG) facilities in Australia, the union said on Tuesday.…
BHP Australia iron ore rail workers approve industrial action plans -ballot results
SYDNEY (Reuters) – Nearly 350 BHP iron ore rail workers in Australia, including train drivers, have approved industrial action plans that could include work stoppages of up to 24 hours due to…
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