According to reports, the newly appointed leader of the Labor Party, Anthony Albanese, reminded the government that they can accept the New Zealand government’s proposal to receive refugees from some of the qualified Nauru Island Refugee Centers. Interior Minister Peter Dutton confirmed in an interview with ABC Television on Sunday that it is currently about.…
Huawei’s chairman announced that Huawei will continue to stay in Australia and said that it will eventually overcome the government’s ban to participate in Australia’s 5G launch. Chairman John Lord stood in front of the parliament building and announced that he would continue to renew the sponsorship agreement with the Canberra Raiders football team. He…
Rob Scott, CEO of Wesfarmers, said the company is preparing to develop lithium reserves in Western Australia. Australia can also seize this opportunity to become a major producer and exporter of electric vehicle minerals. Earlier this year, Wesfarmers acquired Kidman Resources for $776 million. Kidman Resources has huge reserves of lithium minerals in Western Australia.…
Coles CEO Steven Cain has launched a restructuring of the headquarters, which will result in 450 jobs being cut and two senior executives will leave. On Thursday morning, Coles employees at the headquarters of Toorongga in Melbourne’s East Side were told that 450 jobs would be laid off. Coles will not fill vacant positions, so…
The odds of another interest rate cut have been slashed as weak jobs figures drive up expectations of a cut in July and pressure mounts on the government to bring forward $12 billion worth of tax cuts to stimulate the economy. Investment bank UBS and left-wing think tank Per Capita have both backed the case…
Shared travel giant Uber announced that Melbourne was selected as one of the three cities that can experience Uber Airlines before others, and began testing in 2020. In a statement on Wednesday, Uber announced that Melbourne will become a pilot city for aviation services with Los Angeles and Dallas. This service is designed to “open…
According to the Australian Financial Review, as the RBA (Australian central bank) stepped closer to the interest rate cut, the attention of the financial market turned to the possibility of adopting unconventional stimulus measures (QE, ie quantitative easing). There is no doubt that the RBA will not be able to do this easily unless the…
After the RBA announced a rate cut of 0.25 basis points on Tuesday, most lenders have lowered their floating lending rates. They consider a variety of factors, including political and prestige, when deciding to cut interest rates. In the most difficult financial institutions in the recent Royal Survey, CBA, NAB and AMP all followed the…
The Australian federal election dust settled. According to the salary increase regulations for the new fiscal year, the deposits in the bank accounts of politicians after returning to Canberra will continue to increase. According to the Australian Broadcasting Corporation, the Remuneration Tribunal has issued a 2% salary increase to all government employees and senators. It…