Australian PM calls for July 2 polls amid economic slowdown, instability
Sydney
PRIME Minister Malcolm Turnbull fired the starting gun on Sunday on one of the longest election campaigns in Australia's history, against the backdrop of a flagging economy and heated debate over sensitive political issues like asylum seekers.
Mr Turnbull officially called federal elections for July 2, several months earlier than originally planned, using rarely invoked powers to dissolve both houses of parliament after the upper house Senate repeatedly blocked government legislation.
The federal poll throws up the spectre of more political instability in Australia, where infighting among the leading parties has resulted in a revolving door to the top job at a time when Australia is trying to rebalance its economy away from a once-in-a-generation mining…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fed survey cites inflation, US election as key financial stability risks
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015