The US Defense department is reviewing the 2021 AUKUS submarine deal with the UK and Australia, the Financial Times reported earlier. The review is being led by Elbridge Colby, a senior defense official known for his past skepticism of the pact.
The Israeli war on Iran has dominated the final session of the trading week here in Asia with all share markets finishing in the red, with a very small bid towards the USD for a safe haven bid, except gold. The Australian dollar was also finally pushed back below the 65 cent level in the
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Australia’s cafe industry is on the verge of collapse. Over the past two decades, there has been an explosion in the number of cafes operating across Australia. IBIS World estimates that more than 27,000 cafes are operating in Australia, employing 139,000 people. Competition is intense, with multiple cafes often operating at the same locations. However,
The Reserve Bank of New Zealand has cut the official cash rate by 2.25% to 3.25% over the past nine months. The rapid monetary easing was in response to a sharp decline in GDP and national income: New Zealand’s unemployment rate also shot up to 5.1% as of Q1 2025: The latest batch of data
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As a programme partner, Australian businesses are supplying components for the entire F-35 fleet, not just Australian aircraft. Every F-35 built contains some Australian parts and components.
In total, more than 70 Australian companies have been awarded export contracts valued at AU$4.13 billion. These contracts will provide more than 3,000 high-tech manufacturing jobs for Australian industry.
The Victorian government has set a delusional target to deliver 95% renewable energy by 2035. These targets are legislated in the Renewable Energy (Jobs and Investment) Act 2017 (Vic), namely: 25% by 2020 (achieved) 40% by 2025 65% by 2030 (previously 50%) 95% by 2035 (new). Victoria’s renewable energy targets overlook the reality that wind
Britain’s defence secretary, John Healey, walked through oncoming traffic to escape questions about why the UK is still sharing military intelligence with Israel.
Healey told Declassified he had “nothing more to add” about the hundreds of Royal Air Force (RAF) surveillance flights over Gaza.
For a textbook example of how Australia’s housing affordability debate has been perverted, look no further than the latest Housing Affordability Report from the Bankwest Curtin Economics Centre. Alan Duncan, Director of the Bankwest Curtin Economics Centre, penned an opinion piece in WA Today blaming a lack of supply for Australia’s housing crisis: While interest