Australia – Page 2 – World Top News Now

11Jul

By AdminsNo Comments

Trump promised 200 deals by now. He’s got three, and one more is getting very close

At the conclusion of his first 100 days in office in late April, US President Donald Trump made a stunning statement about his progress on tariff negotiations: He had completed trade deals with 200 countries. More than two months later, Trump has announced just three of those agreements – with China, the United Kingdom and Vietnam. So what happened? President Donald Trump speaks to members of the press during a Cabinet Meeting at the White House on July 8. (Andrew Harnik/Getty Images via CNN Newsource) Wednesday marked the day that Trump had set three months ago as a deadline for all countries to reach a deal or face higher "reciprocal" tariffs. Trump has since publicly acknowledged that pausing those "Liberation Day" tariffs until July 9 left insufficient time...

17Jun

By AdminsNo Comments

Prime Minister Anthony Albanese’s office says Trump meeting cancellation ‘understandable’

A spokesperson for Prime Minister Anthony Albanese's office says it is "understandable" his face-to-face meeting with Donald Trump was cancelled, after the White House said the US president would be leaving the G7 summit in Canada early. "President Trump had a great day at the G7, even signing a major trade deal with the United Kingdom and Prime Minister Keir Starmer," White House press secretary Karoline Leavitt said on X. "Much was accomplished, but because of what's going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State." Prime Minister Anthony Albanese at the G7. (Alex Ellinghausen) Albanese was set to meet Trump on the sidelines of the G7 this week, but the timing of Trump's departure now means it will not go...

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, ...

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...

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...

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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