On Tuesday, Weston Energy, a gas seller which supplied 7% of the eastern Australian market, has collapsed following soaring LNG prices, marking the first significant casualty in the country from the global gas crisis following Western sanctions on Russia after… Read More ›
In a statement Australian Foreign Minister Marise Payn said, Canberra has imposed targeted financial sanctions on 14 Russian state-owned enterprises, including defence-related entities such as Kamaz, a truckmaker, and shipping companies SEVMASH and United Shipbuilding Corp. It has also extended… Read More ›
On Friday, Australia’s defence minister said, China’s move to establish a military base in Solomon Islands would be of concern since it is a neighbouring island. The development comes in the wake of a draft security document between Beijing and… Read More ›
Australia has imposed further sanctions on Russia and has banned exports of alumina, bauxite, and aluminium ores as part of a measure to increase sanctions on Moscow. “Russia relies on Australia for nearly 20 percent of its alumina needs,” said… Read More ›
On Friday, Australia imposed sanctions on two Russian oligarchs with links to its mining industry, with one of them connected with an investment to Rio Tinto’s Gladstone alumina refinery joint venture. In a statement Australian Foreign Minister Marise Payne said,… Read More ›
On Wednesday, Australia’s intelligence chief said, a “troubling new strategic convergence” is taking place between China and Russia. The risk of a “major power conflict” has grown following Russia’s invasion of Ukraine. China’s President Xi Jinping appears to want to… Read More ›
On Friday, Australia imposed more sanctions on Russia targeting many of its elite citizens and lawmakers and termed China’s actions of easing trade restrictions on Moscow as being “unacceptable”. “We will work along with our partners for a rolling wave… Read More ›
On Monday, Australian Prime Minister Scott Morrison said, from February 21, 2022, Australia will reopen its borders to all vaccinated visa holders. For nearly two years Australia had shut its borders to non-citizens to mitigate threats from the Coronavirus which… Read More ›
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›
On Tuesday, Australian lithium miner Allkem Ltd said, lithium carbonate prices for the third quarter of 2022 are expected to jump by 80% from the first half on the back of booming demand for the metal which is used in electric… Read More ›
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