Australia

12 people killed in Bondi Beach Hanukkah terror attack

Australian Prime Minister Anthony Albanese calls the shooting a ‘targeted attack’ on the Jewish community

The update “won’t be a mini budget,” but will show the government is “all about delivery, responsibility and restraint,” said Australia's Treasurer Jim Chalmers.

Australia flags A$20 billion savings as budget strains grow

The budget faces ‘about A$35 billion’ in extra costs

Sembcorp says the move will add meaningful scale and diversification to its portfolio.
BROKERS’ TAKE

Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?

Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station

The lawsuit makes a second High Court challenge to Australia's ban.

Reddit files lawsuit against Australia’s social media ban

[SYDNEY] Message board website Reddit on Friday filed a lawsuit asking the High Court to overturn Australia’s social media ban for people under 16 as well as its inclusion in it, calling the law an in...

The move will add “meaningful scale and diversification to Sembcorp’s portfolio across renewables, energy storage and gas assets”, says the company.

Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal

The asset is country’s fourth-largest utilities provider with around 1.1 million customers

Net employment in Australia fell 23,100 in November from October.

Australia’s November jobs fall most in nine months, unemployment rate steady

[SYDNEY] Australian employment fell in November by the most in nine months, while annual jobs growth slowed sharply from earlier this year, a sign the labour market is cooling and could ease pressure ...

There are early signs that young users in Australia, faced with the ban, are adopting rival services.

World watches first teen social media ban kick off in Australia

Policymakers in Indonesia, Denmark, Brazil and other nations are also moving to rein in Big Tech

A notification from Snapchat requesting age verification as a law banning social media for users under 16 in Australia takes effect on Dec 10.

Australia social media ban set to take effect, sparking a global crackdown

It begins a live experiment studied by lawmakers frustrated by the slow enforcement of harm-minimisation efforts

Michele Bullock, governor of the Reserve Bank of Australia (RBA), says: "I don’t think there are interest rate cuts on the horizon for the foreseeable future.”

Australia’s central bank holds rates steady, rules out further cuts

Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’

“This wasn’t an easy decision, but it’s the right decision,” Jim Chalmers told reporters in Canberra.

Australia scraps electricity rebates as budget deteriorates

The government looks to rein in spending after large, structural budget deficits