Tuesday, April 22

Tag: national

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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29Mar By AdminsNo Comments

Dutton and Albanese both get heckled on campaign trail

Both the prime minister and opposition leader have been heckled during their campaign stops this morning in Brisbane. Opposition Leader Peter Dutton was confronted by protesters from the environmental group Rising Tide outside the XXXX Brewery in Brisbane. A protester later identified as Natalie Lindner confronted Dutton and said: "Nuclear and gas will drive up energy bills. Why are you lying to the Australian people?" Peter Dutton in Brisbane today. (Nine) Peter Dutton has been promoting the coalition's energy policies throughout the day. The interruption is the second time anti-nuclear gatecrashers have disturbed Dutton. Earlier in the day, the prime minister was also heckled at a press conference at an urgent care clinic. A young man interrupted a pr...
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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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27Dec By AdminsNo Comments

Brad Battin to become Victorian Liberal leader as John Pesutto ousted

John Pesutto will step down as Victoria's opposition leader and exiled MP Moira Deeming will be readmitted to the parliamentary wing of the Liberal Party following a party room showdown. Berwick MP Brad Battin will replace Pesutto after emerging victorious in today's leadership vote. Former tennis star Sam Groth will become the deputy Liberal leader. Brad Battin will be the new leader of the Victorian Liberals, with Sam Groth (rear left) to be his deputy. (Eddie Jim) Battin defeated Kew MP Jess Wilson and Mornington MP Chris Crewther, who both threw their hats in the ring for the top job. Today's meeting also included a motion to readmit Deeming to the party, a week after a similar motion failed in a 14-all vote deadlock. Pesutto used his vote last week to bre...
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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

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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