Saturday, April 26

Tag: Australia

7Apr By AdminsNo Comments

ASX recovers but $100 billion still wiped out

The Australian Stock Exchange recovered slightly after a massive opening loss of $160 billion today, but has still lost $100 billion for the day as of about midday AEST. The ASX 200 fell 6.4 per cent to a 16-month low of 7177.3 after the exchange opened at 10am. At about noon, it was down 3.7 per cent at 7383.1, rebounding from that low. There are fears the ASX could face another wipeout today. (Getty) Mining companies and the big four banks were among the biggest drops, which came even after the ASX-200 opened at a 100-day low of 7453.90. Asian markets also plunged today, deepening a global stocks rout triggered by US President Donald Trump's trade war. Japan's benchmark Nikkei fell by more than eight per cent shortly after opening. The share average, ...
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13Mar By AdminsNo Comments

US official labels Australia a ‘dumper’ of aluminium as tariff fallout continues

US Commerce Secretary Howard Lutnick has labelled Australia as a "dumper" of under-priced aluminium as domestic politicians scramble to push for an exemption on steel and aluminium tariffs. "You've got dumpers in the rest of the world. Japan dumps steel, China dumps steel," he told Fox Business. "We're going to stop that nonsense and bring steel here. "We're not going to stand for China dumping, Japan dumping, Australia does a lot of aluminium at below cost." Trump refused to grant Australia an exemption. (Getty) Lutnick said Trump was "protecting America". Australia's steel and aluminium exports to the US amount to about 0.2 per cent of the national total export value. This morning, opposition leader Peter Dutton promised to "get a deal done" with U...
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19Dec By AdminsNo Comments

Australian teams deployed to Vanuatu to help in earthquake aftermath

Australian teams have been deployed to Vanuatu to help with the mammoth search and rescue mission following two powerful earthquakes. The death toll from the 7.3 magnitude earthquake that rocked the island at midday yesterday climbed to 14 today. Army teams joined locals in search for survivors in Port Vila, where damage is widespread and affected infrastructure, but access was challenging due to repeated aftershocks. A view of destruction as search and rescue operations continue following a powerful 7.3-magnitude earthquake. (Getty images) "The city is completely out of electricity, it is completely out of water," World Vision Vanuatu country director Clement Chipokolo said. A specialist medical team that left Darwin to assist in the aftermath of the earthquak...
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19Dec By AdminsNo Comments

Jaclyn Symes to become Victoria’s first female treasurer

Jaclyn Symes will be sworn in as Victoria's new treasurer tomorrow, becoming the first woman to serve in the role. The Northern Victoria MP is currently serving as the attorney-general and emergency services minister. She will replace Tim Pallas, who resigned this week after a decade in the job. Victoria Attorney-General Jaclyn Symes defends public drunkenness law reform on Tuesday, January 17, 2023. (9News) Pallas, who said he was the longest-serving standalone state treasurer, having stepped into the job in 2014 when Daniel Andrews became premier, said it was a "great honour and privilege" to serve the people of Victoria. Reflecting on his career and explaining his decision to resign, Pallas said he felt it was "simply his time to go". His resignation ...
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19Dec By AdminsNo Comments

Australian ambassador to return to Kyiv at critical point in Russia’s war on Ukraine

Australia's ambassador will return to Kyiv next month, almost three years after Russia's full-scale invasion of Ukraine prompted the embassy's evacuation. The announcement by Foreign Minister Penny Wong on her first visit to Ukraine since the unprovoked assault, followed repeated calls from Ukraine, including President Volodymyr Zelenskyy, to relocate Canberra's diplomatic representatives from Poland. The visit and reopening came at what Wong called "such an important time for your country and for the future of your people", amid huge uncertainty about what impact US President-elect Donald Trump will have on the war. Ukraine Foreign Minister Andrii Sybiha‎, right, and Australian Foreign Minister Penny Wong talk before a flower laying ceremony at the Memory Wall o...
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15Nov By AdminsNo Comments

Australia backs Palestinians’ ‘permanent sovereignty’ at UN in significant foreign policy shift

Australia has voted to recognise Palestinians' "permanent sovereignty" over their natural resources in a significant foreign policy shift that breaks with the US and Israel. Votes in favour of two United Nations draft resolutions on Wednesday (Thursday AEDT) are the latest in a series of more pro-Palestinian votes Australia has taken at the global body, angering local pro-Israel groups but draw praise from Palestinian advocates. The draft resolution in the UN's Second Committee recognised the "permanent sovereignty of the Palestinian people in the Occupied Palestinian Territory, including East Jerusalem, and of the Arab population in the occupied Syrian Golan over their natural resources". Votes on both resolutions will now go to the UN's General Assembly. (AP Photo/Julia Ni...
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