Australia Consumer Sentiment Weakest Since Mid-2015

Australia’s consumer confidence weakened to the lowest level in more than four years in October despite interest rate reductions, survey results from Westpac showed Wednesday. The Westpac-Melbourne Institute Index of Consumer Sentiment dropped to 92.8 in October from 98.2 in September. This was the lowest score since July 2015. Typically, an interest rate cut boosts confidence particularly around consumers’ expectations […]

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New Zealand pushes to shut Australia out of manuka honey market in China

The New Zealand government is supporting an industry push to trademark manuka honey in China and shut Australia out of the market. Manuka honey is a highly-prized commodity across the world, particularly China, for its antibacterial properties. The honey is produced in southern Australian states and New Zealand where bees gather the nectar of the manuka tree. While manuka honey […]

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UPDATE 1-Australia's property recovery remains in-house as rest of economy struggles to motor on

* Rate cuts boost housing market, but signs bleak elsewhere * Mortgage approvals jump in July, auction clearance rates solid * Retail sales contract, business & consumer sentiment slip * Markets expect two more RBA rate cuts by early 2020 to 0.5% (Adds picture available) By Swati Pandey SYDNEY, Sept 16 (Reuters) – When Michael Jiang scored a liquor licence […]

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RBA To Consider Further Monetary Policy Easing If Needed, Minutes Say

The Reserve Bank of Australia would consider further monetary easing if needed to underpin sustainable growth and inflation and reviewed various unconventional policy loosening measures, according to the minutes of the meeting held in August. At the meeting, policymakers assessed it appropriate to view the developments in both global and domestic economies before cutting rates further, the minutes said Tuesday. […]

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World Test Championship: The new cricket competition designed to re-energize the longest form of the game

The first series of the World Test Championship sees England play Australia for The Ashes. India Captain says his team will be “fancying its chances” of winning the World Test Championship. Cricket’s longest form will see the top nine Test teams play 72 matches between August 2019 and June 2021. England and Australia will begin the latest edition of one […]

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Hackers access student data at top Australian university going back 19 years

SYDNEY (Reuters) – Australia’s top-ranked university said on Tuesday hackers breached its cyber defenses late last year to obtain sensitive data, including students’ bank account numbers and passport details going back 19 years. The Australian National University (ANU) said it had only discovered the breach two weeks ago and that it was carried out by “a sophisticated operator”, without elaborating. […]

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Australian navy helicopter pilots were reportedly targeted with laser beams from fishing boats in South China Sea

Australian navy pilots were targeted with laser beams during an exercise in the South China Sea, a security analyst who observed Australia’s operations said. Euan Graham, an Asian security expert, said that pilots told him they were repeatedly targeted by laser beams as they flew, and that helicopters had to be temporarily grounded as a precaution. He said that Australia […]

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Australia Conservatives Snatch Unwinnable Election on Economy

In this article Australia’s center-right government clung to power in a surprise victory, with voters backing its stewardship of a slowing economy for another three years and rejecting the opposition’s progressive agenda. Despite trailing in most opinion polls for years, Scott Morrison’s Liberal-National coalition closed down the gap with a relentless attack on Labor’s pledge to take tougher action on […]

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Facebook-Streamed Violence Banned Under New Australian Law

Australia passed legislation aimed at stopping violent crime and acts of extremism from being live-streamed on the internet despite warnings from the legal profession and technology companies that the new law is flawed. The legislation, drafted in the wake of the deadly mosque attacks in Christchurch, New Zealand, that left 50 people dead, carries penalties of up to 10 percent […]

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