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 consumer mood less bleak on hope for rate hike relief
SYDNEY (Reuters) – A measure of Australian consumer sentiment bounced from near record lows in December as borrowers sensed a painful cycle of interest rate rises was nearing an end, lifting the…
Australia targets SkyCity casino for money laundering amid gambling crackdown
By Praveen Menon and Savyata Mishra (Reuters) – Australia’s financial crime regulator started civil proceedings against SkyCity Entertainment Group’s Adelaide casino on Wednesday, the latest in a series of actions by the…
U.S. military to increase presence of rotational bomber forces in Australia
WASHINGTON (Reuters) – The U.S. military will increase the rotation presence of its forces in Australia, including bomber forces, U.S. Defense Secretary Lloyd Austin said on Tuesday after talks with his Australian…
Australia records first current account deficit in three years
By Wayne Cole SYDNEY (Reuters) – Australia’s current account fell into deficit for the first time in three years last quarter as robust domestic demand sucked in imports and miners paid more…
Australia government spending dips in Q3, minor drag on GDP
SYDNEY (Reuters) – Australian government spending dipped 0.6% in the September quarter due to a pullback in investment, an unexpected drag on economic growth in the quarter. Spending on operational items rose…
Australia ‘Teacher’s Pet’ podcast subject gets 24-year sentence for 1982 murder
By Alasdair Pal SYDNEY (Reuters) -An Australian former high school teacher, who was the subject of the hit podcast “The Teacher’s Pet”, was sentenced on Friday to 24 years in jail for…
Australia monthly inflation slows in October, hints at possible peak
By Wayne Cole SYDNEY (Reuters) – Australian inflation slowed in October as prices for fruit and vegetables fell sharply and holidays costs took a surprise dip, an unexpected turn that could mean…
Chevron Australia finds nearly half its workers have suffered workplace bullying
MELBOURNE (Reuters) – Chevron Corp on Tuesday said nearly half its workers in Australia had been bullied in the past five years and nearly a third had experienced sexual harassment, with women…
Labour turmoil sweeps Australia as inflation stirs ‘spirit of anger’
By Byron Kaye and Sonali Paul SYDNEY/MELBOURNE (Reuters) – After a decade of making up to A$200,000 a year (about US$135,000) on oil and gas rigs as a fitter and subsea equipment…
Australia house prices forecast to slump 16% from peak- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australian housing prices that are on a steep decline will likely fall further next year, according to a Reuters poll of analysts who forecast a peak-to-trough…
India expects bilateral trade with Australia to exceed $45 billion in 5 years
NEW DELHI (Reuters) – India expects total bilateral trade with Australia of around $45 billion to $50 billion over the next 5 years, a trade ministry official said on Tuesday. Annual goods…
Australia jobs beat forecasts, boosting case for more rate hikes
By Wayne Cole SYDNEY (Reuters) -Australia’s jobless rate matched five-decade lows in October as employment climbed by double market forecasts, a sign it will take further increases in interest rates to loosen…
Australia wages jump 1.0% in Q3, biggest gain in a decade
By Wayne Cole SYDNEY (Reuters) -Australian wages boasted the largest rise in a decade last quarter as a super-tight labour market finally made itself felt, though pay still lags far behind inflation…
Australia economy set to slow amid downside risks -IMF
SYDNEY (Reuters) – Australia should continue to tighten monetary and fiscal policy to contain inflation even as its economy is set to slow sharply next year amid a host of downside risks,…
Australia central bank stuck with smaller hike as wary of falling house prices
Australia’s central bank expects to raise interest rates further over the period ahead but stuck with a smaller hike this month partly due to concerns of falling housing prices hurting consumer spending…
Australia unveils joint cyber police taskforce to ‘hunt down’ hackers
SYDNEY (Reuters) – Australia on Saturday formalised a new cyber-policing model in a stepped-up effort to “hunt down” cyber criminal syndicates, following recent hacks impacting millions of Australians. Australia’s biggest health insurer,…
Australia central bank cuts growth outlook, rates need to rise to cool red-hot inflation
SYDNEY (Reuters) – Australia’s central bank on Friday downgraded the outlook for economic growth, warning that more rate hikes will be necessary to bring down sky-high inflation even as it strives to…
Barclays builds up Asia business, sees growth in India and Australia
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Barclays Plc, which recently made big investments in India and Australia and set up a Taiwan subsidiary in July, is evaluating entering new…
Apple workers in Australia gear up for more strike action
By Lewis Jackson SYDNEY (Reuters) – Hundreds of Apple workers in Australia are set to strike again after almost two-thirds of employees rejected a pay and benefits deal, the latest escalation of…
Australia retail sales up again in Sept as spending stays resilient
By Wayne Cole SYDNEY (Reuters) -Australian retail sales posted another solid increase in September thanks to spending on food, clothing and eating out with consumption staying surprisingly resilient in the face of…
Australia to train Ukrainian troops, ship more armoured vehicles
By Renju Jose SYDNEY (Reuters) – Australia said on Thursday it will deploy 70 soldiers to Britain to help train Ukrainian troops there and ship 30 more armoured vehicles to bolster Kyiv’s…
S&P says improved fiscal outcomes for Australia underpin AAA rating
SYDNEY (Reuters) – Australia’s improved fiscal outcomes from a strong economy and high commodity prices underpin its AAA sovereign rating, S&P Global said on Tuesday, after the new labour government unveiled its…
Exclusive-Former U.S. military pilot who worked in China arrested in Australia, faces extradition
By Kirsty Needham SYDNEY (Reuters) – A former U.S. military pilot and flight instructor who worked in China was arrested in Australia and faces extradition to the United States, Australian court documents…
Fitbit sued in Australia for misleading consumers on faulty devices
(Reuters) -Australia’s competition regulator has begun court proceedings against Fitbit LLC for allegedly making false or misleading claims to consumers about their guarantee rights on faulty devices, it said on Monday. The…
Australia to cut economic growth forecasts on lower consumer spending
SYDNEY (Reuters) – Australia’s economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by Treasurer Jim Chalmers in…
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