Friday , March 22 2019
Breaking News

Australia

Fears the United States could displace Australian coal in China

download

Beijing: Australian officials are increasingly concerned that trade negotiations between China and the United States will lead to a special deal between the two countries that displaces Australia’s exports, including coal, to its biggest market. China is likely to significantly increase imports of American coal from West Virginia, Donald Trump’s electoral heartland, if it strikes a trade deal next month. ... Read More »

Australian dockworkers to strike at DP World terminals

Port Melbourne aerial view

Australian shippers are raising concerns over a planned industrial action by dockworkers employed by DP World slated to begin Friday at the four largest container ports in the country, saying the impact could be felt within hours. The Dubai-based firm’s Australian subsidiary is the country’s largest terminal operator, handing about 3 million TEU annually, with CMA CGM of France among ... Read More »

NAB floats compromise in small business loan debate Clancy Yeates

Australia-1000x380

National Australia Bank has put forward a compromise in the debate over which firms should be treated as small business banking customers, a move that could pressure other banks to follow suit. Small business advocates on Friday backed NAB’s move to extend protections to customers with total debts of up to $5 million, up from $3 million today, in response ... Read More »

Indonesia and Australia sign new free trade agreement

Indonesia+Australia+flag+flags+-+stock+-+credit+shutterstock_1062327362

Trade ministers from Indonesia and Australia signed a new free trade agreement (FTA), the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), in Jakarta, Indonesia, on March 4. The are a wide range of beneficial outcomes from the agreement. For instance, the new agreement allows 99 percent of Australia’s goods to enter Indonesia tariff-free, or under “significantly improved or preferential arrangements,” and ... Read More »

AUSTRALIA REFUSES TO SIGN ON TO UN INTERNATIONAL WOMEN’S DAY STATEMENT

Thailand Tiger Luggage

Above: Kakenya Ntaiya was the first Masai woman to ever get a PhD and it landed her in the United Nations. Now she’s fighting female genital mutilation in the UN. The Human Rights Law Centre (HRLC) has called out the Morrison government for failing to sign on to a United Nations International Women’s Day statement calling for better abortion access ... Read More »

Trade tiffs could hurt Australian farmers

r0_0_800_600_w1200_h678_fmax

Australian farmers and regional towns could be collateral damage from ongoing trade tensions between China and the United States, the agriculture minister has warned. The Australian Bureau of Agricultural and Resource Economics’ latest outlook raised concerns of an uncertain long-term picture for export earnings. “Trade tensions could lower income growth in Australia’s largest export markets, and competition is increasing in ... Read More »

Australia’s gold production hits new record high

Australia

Australia’s gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years, consultancy Surbiton Associates says. In the third quarter that ended Sept. 30, the country’s gold output totalled 81 tonnes, making it the third consecutive quarter where it exceeded 80 tonnes, they say in their latest report. ... Read More »

China urges Australia to offer fairness to Chinese firms

5e684db5-b8ff-4ebd-8841-eea34b8172c5

BEIJING, : China on Friday urged Australia to abandon ideological bias and provide an environment of fair competition for Chinese companies. Foreign Ministry spokesperson Lu Kang made the remarks at a routine press briefing when asked to comment on media reports that Australian Foreign Minister Marise Payne had reiterated keeping Chinese telecoms giant Huawei out of Australia’s 5G network infrastructure ... Read More »

Coal’s perfect storm hits $70 billion Australian projects

Australia-640x480

It’s been a tough few weeks for our coal industry. First there was a court ruling blocking a new mine on climate change grounds, then one of the world’s largest producers, Glencore, capped output growth, and finally China was seen to be slowing down Australian imports. The developments are symptoms of the fossil fuel’s decline and likely signal headwinds for ... Read More »

Business Courage A Risky Balancing Act For MBA Leaders

news-image_696x465

Entrepreneurial spirit, innovation and the confidence to take on the business world are all things that many of Australia’s MBA strive to teach its students. However, a world-first international study has found that bold and entrepreneurial individuals possess the same qualities that bring greater risks. QUT Associate Professor Martin Obschonka, Director of the Australian Centre for Entrepreneurship Research, recently joined ... Read More »

Commonwealth Ombudsman singles out Home Affairs over stored communications and metadata handling

dutton

The Commonwealth Ombudsman report [PDF] into how 20 agencies across federal and state levels government agencies across Australia handle stored communications and metadata over the period of the 2016-17 financial year has been released, with Home Affairs being the only agency that was handed recommendations. Home Affairs was called upon to ensure it could “accurately account for the number of ... Read More »

China Said to Slow Australian Coal Imports as Beijing Denies Ban

A bucketwheel coal reclaimer stands ready near  a pile of coal at the port in Newcastle on April 1, 2004.

Chinese officials are jamming up imports of Australian coal, with at least one major port suspending customs clearance, but Beijing has denied a report of an official ban. The foreign ministry on Friday said the report of a block on Australian coal at one northern port was false, echoing information from miners, Canberra lawmakers and people familiar with official orders ... Read More »

China Restricts Australian Coal Imports in Likely Retaliation to Huawei 5G Ban

china

Shanghai : A major port in northern China has reportedly banned coal imports from Australia — in a sign that Beijing may be flexing its economic muscles and warning nations not to bar its next-generation wireless technology. The indefinite coal restrictions at Dalian started this month and are part of an overall plan to cap imports into the customs region ... Read More »

Chinese traders freeze Australian coal orders amid 40-day customs delays: Sources

resized_250499-1d-china-1109_22-25349_t800

Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The traders and a broker said only cargoes from Australia, the biggest supplier of the fuel to the world’s top consumer, ... Read More »

Chinese traders cut Australian coal imports over customs delays: sources

HUTCHIAN PORT

BEIJING : Chinese coal traders are halting purchases of Australian coal and coking coal as clearing times through China’s customs have at least doubled to 40 days or more, four traders at major buyers told Reuters on Monday. The traders said only cargoes from Australia, the biggest supplier of the fuel to the world’s top consumer, were affected. “We have ... Read More »

Malindo Air cabin crew smuggled $21m worth of drugs into Australia, police allege

10719226-3x2-340x227

The Australian Federal Police (AFP) and Victoria Police have arrested eight people in the past 10 days who they allege brought heroin, methamphetamine and cocaine worth $21 million into Australia. Assistant Commissioner Tess Walsh from Victoria Police said the arrests occurred as part of Operation Sunrise, which involved the AFP, Australian Border Force and the Australian Criminal Intelligence Commission. The ... Read More »

Record 3,800 pounds of meth intended for Australia seized

Meth

LOS ANGELES — Six people were arrested in Australia on Thursday and Friday after U.S. investigators intercepted almost two tons of methamphetamine and other narcotics in Southern California bound for Australia, authorities in both countries said. It’s believed to be the largest seizure of meth in U.S. history. U.S. Customs and Border Protection said in a statement that the drugs, ... Read More »

Crocodiles, snakes wash up in Australia floods

australia

Canberra: Devastating floods in Australia has forced thousands of people from their homes and brought snakes and crocodiles onto the streets as the weather office on Monday forecast more rain with damaging wind gusts. Much of the city of Townsville in Queensland state is flooded, with residents left without power and some compelled to seek safety on the roofs of ... Read More »

15 years of Facebook: has it made the world, and Australia, a better place?

facebook--(None)

Will Easton is standing on the 41st floor of a skyscraper on the Barangaroo edge of Sydney’s CBD, where he can enjoy spectacular views of the city. From his vantage point, the managing director of Facebook Australia can take in the Sydney Harbour Bridge and Opera House. But employees are also amused by the fact they can look down at ... Read More »

Fenner Dunlop business buys Conveyor Pulleys Australia

FD-1680x600

Sydney : PRESS RELEASE: BBCS, which is 100% owned by Fenner Dunlop Australia, is a supplier of conveyor products, belt-handling technology, materials-handling engineering and maintenance services in mining, among other industries. CPA designs and manufactures conveyor pulleys, fabricated steelwork and a range of structural and specialised project work for bulk-materials handling belt conveyor systems and other industrial markets worldwide. Fenner ... Read More »