Wednesday, April 2

Tag: federal politics

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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Australia’s supermarket prices have been grilled by politicians, just don’t expect prices to drop anytime soon
18Apr By AdminsNo Comments

Australia’s supermarket prices have been grilled by politicians, just don’t expect prices to drop anytime soon

A day after Australia's major supermarket bosses were questioned about price-gouging allegations, their conduct towards suppliers and, in one case, threatened with jail time, shoppers have been warned to not expect price drops anytime soon. Woolworths chief executive Brad Banducci had the threat of being found in contempt during his fiery Senate hearing yesterday morning, before Coles counterpart Leah Weckert's far milder appearance before the same committee in the afternoon. While both CEOs discussed the importance of providing competitive prices, Swinburne University corporate governance expert Helen Bird said the hearings are unlikely to lead to any drop in prices in store – even if the explanations by the supermarkets about their pricing practices are welcome. Whil...
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Defence spending gets $50 billion boost over next decade
18Apr By AdminsNo Comments

Defence spending gets $50 billion boost over next decade

The Australian government will invest an extra $50.3 billion into defence over the next decade as part of a long-awaited revamp of the nation's armed forces strategy. The funding boost comes following last year's Defence Strategic Review, which argued Australia needed to modernise its current military structure it said was designed for a "bygone era". "The optimistic assumptions that guided defence planning after the end of the Cold War are long gone," Defence Minister and Deputy Prime Minister Richard Marles said when announcing the funding boost and the National Defence Strategy this afternoon. Australian defence spending will increase by $50 billion over the next ten years. (Department of Defence via AP) "Our environment is characterised by the uncertainty and te...
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Anthony Albanese hints energy price cost-of-living relief will be included in federal budget
5Apr By AdminsNo Comments

Anthony Albanese hints energy price cost-of-living relief will be included in federal budget

Households hoping for cost-of-living relief in this year's federal budget will welcome comments from Prime Minister Anthony Albanese this morning that hinted at extended energy price help in this year's federal budget. In a speech to the COSBOA National Small Business Summit, Albanese touted the package from the last budget that gave eligible families up to $500 off their power bills and eligible small businesses up to $650. "Our government understands that for small business – as for Australian families – energy bills remain a source of financial pressure," he said. Prime Minister Anthony Albanese has hinted families and small businesses will receive energy price relief in the federal budget. (Peter Rae) "That's why the energy bill relief package I negotiated with the ...
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