Turnbull to seek July 2 election as reform bill fails
Canberra
AUSTRALIAN Prime Minister Malcolm Turnbull said he intends to hold an election on July 2 after the Senate blocked legislation aimed at curbing trade union powers.
Rejection of the legislation to bring back a building industry watchdog has given the government a constitutional trigger to call the early ballot, Mr Turnbull told reporters on Tuesday. He said he'll visit the governor-general to seek approval for the ballot some time after announcing the May 3 budget. "I will be asking the governo…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year