Australia’s increasing economic dependence on China has been described as “embarrassing” by Michael Shoebridge, Director of Strategic Analysis, Australia, who warns that Beijing’s economic strategy poses long-term risks to national sovereignty and policy independence. Speaking on the broader implications of China’s global trade practices, Shoebride, who has a government intelligence[Read More…]

Australia’s beef industry could be a major beneficiary of escalating trade tensions between the United States and Brazil, as former U.S. President Donald Trump threatens to slap a 50 per cent tariff on all Brazilian imports starting August 1. Brazil is the largest supplier of beef to the U.S., but[Read More…]

Australia’s largest telecommunications provider, Telstra, today confirmed plans to reduce its workforce, approximately 550 roles expected to be impacted as part of a broader effort to streamline its operations and transform its enterprise business division. The proposed job reduction represents roughly 2 per cent of Telstra’s 31,000-strong workforce. The Australian[Read More…]

Australia’s economic recovery has hit another stumbling block, with business revenues declining in May, the first monthly drop since October 2024. This signals fresh warnings about Australia’s fragile economic outlook. Latest data retrieved from the Australian Bureau of Statistics (ABS) showed that turnover fell across five of the 13 industries[Read More…]

The Australian sharemarket ASX200 climbed higher on Thursday, buoyed by a strong lead from Wall Street and a sharp rebound in iron ore prices. The benchmark ASX200 index rose 50.6 points, or 0.59 percent, to close at 8589.2, while the broader All Ordinaries gained 48.8 points, or 0.56 percent, ending[Read More…]

Australia’s little-known hermit crab trade is drawing international interest — and mounting domestic concern. A Western Australian business specialising in land hermit crabs is seeking a renewed permit to export the creatures abroad. But the move has prompted pushback from animal welfare advocates and environmental groups, who warn that the[Read More…]

The Australian dollar has just hit a nine-month high against the US dollar, trading at 65.82 US cents this morning, and it could hit even higher. The rally puts it on course to potentially challenge the September 2024 peak of 69.42 US cents. Helping the climb? Strong investment has helped[Read More…]