economy
Bonus to stick with army helps Australia to stay ready
6 November
Cash bonuses for serving personnel will do little to improve retention rates, a veterans’ welfare organisation warns. The Albanese government on Tuesday announced a $600 million package to keep people in the military, while releasing the 2024...[Read More]
Australian investment eyed for Peruvian mining pipeline
30 October
Peru is looking to Australian companies for hundreds of millions of dollars for critical mineral investment with 51 projects having a combined $US55 billion revenue potential in the pipeline to 2035. Peru’s Energy Minister Romulo Mucho says China...[Read More]
Chinese astronauts to conduct experiments in space
30 October
China has sent three astronauts to its permanently inhabited space station, where they will conduct dozens of scientific experiments, some related to the construction of human habitats. The spacecraft Shenzhou-19 and its three crew lifted off atop a...[Read More]
UAE cash for minerals, but China dominance sparks angst
24 October
Billions of dollars in Emirati cash could soon flow into the critical mineral sector but concerns persist over whether Australia is too far behind China in the battery race. Australia and the United Arab Emirates have agreed to a trade pact that...[Read More]
Global fight against high inflation ‘almost won’: IMF
23 October
The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared. In its latest assessment of the global economy, the IMF predicted that worldwide inflation...[Read More]
Stage three tax cut spending spree yet to surface
17 October
Tax cuts don’t appear to be fuelling shopping sprees, with transaction data suggesting extra take-home pay is going towards staples and paying down debt. Footy finals were the only bright spot in an otherwise glum September for spending, with...[Read More]
Australian peacekeepers safe as security reviewed
16 October
All Australian defence personnel including peacekeepers are secure in the Middle East, amid a call to withdraw them. The Australian Defence Force “continually revises force protection measures” in the region, said a spokesperson when asked about...[Read More]
US-based trio win Nobel prize for economics
16 October
US-based academics Daron Acemoglu, Simon Johnson and James Robinson have won the 2024 Nobel economics prize “for studies of how institutions are formed and affect prosperity”, the Royal Swedish Academy of Sciences announced. The prestigious...[Read More]
PM to press China on trade sanctions during summit
9 October
Anthony Albanese will raise Beijing’s trade sanctions on Australian exports when he holds talks with Chinese Premier Li Qiang in Laos. The prime minister will travel to the capital Vientiane on Wednesday for the Association of Southeast Asian...[Read More]
Australia may miss billions in green Chinese investment
2 October
Australia has the potential to tap into billions of dollars of renewable energy investments from China but only if it changes foreign investment policies and its approach to the superpower nation. Think-tank Climate Energy Finance issued the...[Read More]
Australia increases influence in Asia, report shows
25 September
Australia has risen up the rankings of the most powerful countries in Asia, a new report has shown, driven by a collapse of Russia’s influence in the region. The Lowy Institute’s 2024 Asia Power Index showed Australia was ranked fifth for...[Read More]
China pulls handbrake on Australian lobster imports
25 September
A resolution to lobster trade impediments to China is proceeding at a crawling pace as Beijing makes more demands of the industry. China alleged Australian lobsters were contaminated – which Canberra denied – and the trading hurdle remains a...[Read More]
Defence scientists ready for China’s ‘grey’ warfighting
18 September
China’s use of “grey zone tactics” has been called out at a summit as Australia’s defence scientists work to get new weapons into service as quickly as possible. Defence Minister Richard Marles has launched a new strategy he says will...[Read More]
Beef-loving US can’t get enough true blue red meat
18 September
Lean times for American producers have led to a major boost in US demand for imported beef, with South Australia recording a staggering near-four-fold increase over the past 12 months. Drought and high supply costs are being blamed for what is the...[Read More]
Emerging markets could miss out on AI wins: World Bank
11 September
The rise of generative artificial intelligence could exacerbate global inequality and leave emerging markets behind, World Bank group president Ajay Banga warns. The head of the development bank said he saw enormous potential in the technology to...[Read More]