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Diesel cheating: Volkswagen agrees to pay $87.3 million to Australian customers

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Volkswagen and a law firm say the German automaker has agreed to pay up to 127 million Australian dollars ($87 million) to settle an Australian class action stemming from its 2015 diesel emissions scandal. The settlement was announced in the Federal Court in Sydney on Monday and has yet to be approved by a judge. Maurice Blackburn law firm says ... Read More »

Achievement unlocked: PM gives two federal department heads another go

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Department of Home Affairs secretary Michael Pezzullo and Attorney-General’s Department secretary Chris Moraitis have been reappointed to their respective roles. “I congratulate them both and look forward to continue working with them,” Prime Minister Scott Morrison said in a short statement on Wednesday evening. Both are almost at the end of their five-year terms, which is the standard period of ... Read More »

EU demands Australia scrap taxes on European cars

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A European Union trade negotiator claims Australia should remove automotive taxes during latest talks European-made cars could have their prices slashed by up to 38 percent under a new trade deal with Australia if EU trade negotiators get their way. Slashing the 5 percent duty on imported luxury cars and the 33 percent Luxury Car Tax (LCT) on the more ... Read More »

Legal Loophole Allowing Deadly Chemical To Be Imported Into Australia

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A legal loophole is allowing a dangerous chemical to flow into Australia with deadly consequences. Liquid nicotine for e-cigarettes can’t be imported without a prescription, but a 10 News First special investigation has revealed authorities are letting it through unchecked. The deadly chemical is a by-product of the vaping craze and it can be lethal. In June last year, a ... Read More »

Australia looks to export lithium, rare earth and coal to India

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The new Australian government is looking to expand its trade ties with India in areas other than from thermal coal, where it is confident that the demand will remain robust. The country is looking to export lithium for electric vehicles, rare earth for high-tech renewable component, and high-quality coal, said Matthew Canavan, the Australian minister for natural resources. “India and ... Read More »

Three finalists in India Australia Business and Community Awards

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The India Australia Business and Community Awards celebrate the Australia-India relationship and honour entrepreneurship and community leadership. The awards have run annually since 2013, and raise awareness of Indians in Australia and Australians in India, in a way that encourages further growth in relations between the two countries. Nearly 300 entries across the 12 categories of the awards were received ... Read More »

As Africa’s infrastructure develops, so too does its drug supply to Australia

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A gram of cocaine costs $16 in South America, $100-130 in Europe and $330 in Australia – so cocaine producers in South America want Australians to buy their product. The challenge has been getting it to the other side of the world. Until now. A major overhaul of Africa’s ports and roads have made the continent a prime trafficking route. ... Read More »

Beef Imports from Australia Grow Rapidly, Aided by Preferential Lower Tariffs

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CHINA – China has substantially increased beef imports from Australia in the first seven months of 2019, reaching the yearly imports quota under the free trade agreement between the two countries four months earlier than expected. The bilateral free trade trade talks may be accelerated as China’s domestic market continues to expand and the country is seeking more trade partners ... Read More »

Supply Nation and Business Council of Australia raise the bar for Indigenous businesses

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The Business Council of Australia has cemented its commitment to Aboriginal and Torres Strait Islander businesses by pledging $3 billion to boost economic opportunities and participation. The ‘Raising the Bar’ initiative will be designed to grow Indigenous businesses and will be delivered in partnership with Supply Nation. Business Council CEO Jennifer Westacott said the Council wants to “build diverse Indigenous ... Read More »

RBA governor endorses lifting public sector wage caps to stimulate economy

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The Reserve Bank of Australia has slightly reduced its growth forecast and endorsed abandoning caps on public sector wages as part of a suite of non-monetary policy measures to stimulate the economy. Appearing before the house economics committee on Friday, the RBA governor, Philip Lowe, said “things will be OK” even if governments do not take further steps to boost ... Read More »

Travelers were stranded halfway around the world when Australian airline Qantas cancelled multiple flights to the US

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Hundreds of Australians and Americans were left stranded in the wrong countries after Australian airline Qantas cancelled multiple flights between Melbourne and Los Angeles due to myriad mechanical issues. Between Saturday, August 3, and Monday, August 5, Los Angeles time, at least four flights between the two cities — two from Melbourne to Los Angeles, and two going the other ... Read More »

Australia depends less on Chinese trade than some might think

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China now buys almost a third of Australia’s exports – about twice the value bought by second-placed Japan, and about nine times fifth-placed United States. It’s a situation that sparks fears of a Chinese economic slowdown, or a backlash if we offend China’s government in some way, such as by criticising its actions in Xinjiang or in the South China ... Read More »

America’s $300 million push to expand naval facilities in northern Australia

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The United States military is preparing to spend more than a quarter of a billion dollars on naval construction in the Northern Territory, in a move that could raise tensions with China. According to the Senate’s annual defence legislation, tabled in June, the “Secretary of the Navy may acquire real property and carry out military construction projects for the installations ... Read More »

Australian pair charged over $50 million meth seizure in Auckland

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Two Australia men have been charged in Auckland after Customs says it seized 100 kilograms of methamphetamine with a street value of up to $50 million hidden inside plastic storage pallets. The men in their mid-twenties were due to appear in the Auckland District Court today charged with importing and possessing between 70 and 100 kilograms of methamphetamine. Customs says ... Read More »

Chinese diplomat blasts Australia’s ‘negative image in China’ over port backlash

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One of China’s highest-placed Pacific diplomats has offered a scathing appraisal of the “political suspicion” heaped upon his nation, branding it “very negative for the image of Australia”. Wang Xining, deputy to China’s Australian ambassador, made the comments when asked about the national reaction to the controversial 99-year leasing of Darwin’s port to Chinese-owned company Landbridge in 2015. “In China, ... Read More »

US To Build Australia Port To Base Marine Assault Ships, Report Says

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The United States military is making plans to build a $211 million base in Darwin, Australia. The base could be used by U.S. amphibious assault ships as well as Australian dock ships capable of landing helicopters, reported Australian Broadcasting Corporation (ABC) News. There are currently no permanent U.S. military facilities in Australia so this may upset Australia’s diplomatic relationship with ... Read More »

Australia’s Port Hedland iron ore shipments to China jump 11% in June

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SYDNEY, : Iron ore shipments to China from Australia’s Port Hedland terminal rose more than 11% in June from a month earlier, port data released on Wednesday showed. Iron ore shipments to China from the world’s biggest iron ore port totalled 42 million tonnes in June, compared with May’s 37.8 million tonnes, the Pilbara Ports Authority said. Port Hedland is ... Read More »

ATM and Eftpos services for all four big banks are down across Australia

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All four major banks have confirmed “sporadic outages” of services including ATM and Eftpos access across the country, with fingers increasingly being pointed at the country’s largest telco Telstra. The Commonwealth Bank of Australia confirmed at 3:28pm that it is currently experiencing an “issue affecting some of [its] services” though it did not name specific services affected. Business Insider Australia ... Read More »

Australia Market retreats for second day as AMP weighs

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Headline indices of the Australia share market closed down on Monday, 15 July 2019, as data showed China’s economy growing at its weakest pace in nearly three decades, hit by the US trade war, overshadowing after advances in Chinese industrial production and retail sales for June that beat all estimates. At closing bell, the benchmark S&P/ASX200 index fell 43.56 points, ... Read More »

Australia: Business conditions still weak despite improvement

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Catherine Birch, senior economist at ANZ, notes that the Australian business conditions improved to 3.4 in June from an upward-revised 1.2 in May. Key Quotes “Business conditions improved in all states aside from South Australia, where conditions fell by 4.8 points.” “Business conditions recovered to an eight-month high in the construction industry, while finance also saw solid improvement. Retail saw ... Read More »