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 ›
Australian
Omicron surge increasing drag in Australia’s economic recovery
On Wednesday, Australia’s New South Wales, its most populous states, saw a significant increase in Omicron infections leading to staff shortages that have disrupted supply chains hampering its economy’s recovery. Businesses are grappling with a growing toll of workers who… Read More ›
Japan Australia sign Reciprocal Access Agreement for economic and defense cooperation
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
Australia joins diplomatic boycott of Winter Olympic games in Beijing
On Wednesday, in a statement Australian Prime Minister Scott Morrison said, Australia will join the United States in a diplomatic boycott of the Winter Olympic Games in Beijing. Australia’s move comes as other allies weigh similar moves to draw attention… Read More ›
Australia will introduce legislation to force tech giants to act on defamatory content: Australian Prime Minister Scott Morrison
In a statement Australian Prime Minister Scott Morrison said, Canberra will soon introduce legislation to make social media giants provide details of users who post defamatory comments. The development comes at a time when the Australian government is looking to… Read More ›
Australia eases international travel for fully vaccinated travelers from Dec 1, 2021
On Monday, Australian Prime Minister Scott Morrison said, international tourists will be able to enter Australia from December 1; the development marks the restart of international travel to the country, boosting its economy. In May 2020, Australia shut its international… Read More ›
Australia toughens foreign interference rules for universities
In a statement on Wednesday, Australia’s Home Affairs minister Karen Andrews said, Canberra has toughened foreign interference rules for its universities aimed at stopping self-censorship on campuses and the covert transfer of sensitive technology. Foreign interference guidelines will protect universities… Read More ›
Commonwealth Bank of Australia pleads guilty to 30 criminal charges
On Friday, in a statement the Australian Securities and Investments Commission (ASIC) said, the Commonwealth Bank of Australia, the country’s largest lender has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015. The scrutiny… Read More ›
Sanjeev Gupta’s GFG Alliance strikes debt restructuring deal with with Credit Suisse
The GFG Alliance has agreed to a debt restructuring deal with Credit Suisse for its Australian steel and coal mining assets; it has also announced plans to inject $68 million (50 million pounds) in restarting its Rotherham electric furnace in the… Read More ›
EU postpones trade talks with Australia
On Friday, in a statement Australian Minister for Trade Dan Tehan said, trade talks with the European Union have been postponed. The development comes in the wake of Canberra deciding to cancel a $40 billion submarine deal with France. Last… Read More ›
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