Australia’s cost-of-living and productivity crises demand bold action, but critics warn that “neoliberalism lite”—incremental market reforms—falls short, as wealth concentration stifles economic growth. As inflation and stagnant wages squeeze households, addressing inequality is critical, yet the Labor government’s approach is criticized for lacking vision. Australia’s economy faces a dual challenge:[Read More…]

SYDNEY—One of Australia’s best-known fashion brands is scaling back its physical presence, confirming it will close multiple flagship outlets across key CBD (Central Business District) locations over the coming months. Executives cite persistent declines in foot traffic, shifting consumer spending habits, and mounting operational costs as the driving forces behind[Read More…]

BEIJING—Prime Minister Anthony Albanese met with top Chinese steel industry representatives this week to reaffirm Australia’s role as a trusted supplier of iron ore, even as China accelerates its push toward decarbonization. The diplomatic outreach comes at a time when global steelmakers face regulatory pressure to reduce emissions, potentially altering[Read More…]

SYDNEY—Australia is nearing an economic tipping point, with top economists and business leaders calling for immediate and strategic decisions that could define the nation’s financial trajectory for the next decade. At the heart of the debate is the government’s direction on industrial development, tax reform, and national energy policy—all of[Read More…]

A man has been taken into custody following a dangerous early-morning police pursuit through Melbourne’s southeast suburbs. The incident involved a stolen vehicle that reached extreme speeds before coming to a halt in Noble Park. Authorities began tracking the vehicle, a Jeep Cherokee, around 3 a.m. Monday morning, after it[Read More…]

Prime Minister Anthony Albanese will champion Australia’s iron ore industry in Beijing on Monday, meeting face-to-face with China’s top steelmakers in a bid to shore up demand amid a slowing construction sector and rising global decarbonisation pressures. In remarks prepared for the roundtable, Mr Albanese will highlight the long-standing partnership[Read More…]

Australian Prime Minister Anthony Albanese began his second official visit to China on Saturday, July 12, aiming to solidify recently improved trade relations, even as geopolitical frictions remain elevated. The trip marks a pivotal moment in the ongoing effort to reset a relationship that has been strained over the past[Read More…]

Australian Prime Minister Anthony Albanese has embarked on a six-day official visit to China, marking a renewed push for closer cooperation between the two nations amid global economic and geopolitical uncertainty. The trip highlights the strength of the Australia-China economic relationship while exploring new avenues of collaboration in emerging sectors.[Read More…]

Australian Prime Minister Anthony Albanese landed in Shanghai on Saturday, beginning a six-day tour of three Chinese cities where trade relations and regional security concerns are expected to dominate discussions. This marks Albanese’s second visit to China, during which he is scheduled to meet with President Xi Jinping. The visit[Read More…]