Australia
Jaleel family’s JD Properties buys 2 Australian hotels for A$100m
These acquisitions come just six months after the group’s purchase of a Brisbane property for A$34 million
Data centre boom props up Australia’s slowing economy
Private investment rises 4% in Q1, with a 16% jump in spending on machinery and equipment
ESR, Mitsubishi Estate Asia team up for A$700 million Western Sydney logistics estate development
This is the second partnership between the two in two years as they expand their presence in Australa’s high-demand logistics sector
PM Wong meets deputy prime ministers of Qatar and Australia to discuss deepening defence ties
The Qatari DPM separately met President Tharman Shanmugaratnam and Senior Minister Lee Hsien Loong on May 30
Australia sues 3M for US$1.4 billion over PFAS ‘forever chemicals’ contamination
The claim is the largest brought by the country, reflecting the costs of the pollution
Once investor darlings, Australian banks get reality check on mortgage change
Their shares slide as housing demand and investor lending weaken; lenders turn to cost cuts, automation to protect returns
Firms must help staff plan as AI job cuts become inevitable, top Australia banker says
Smaller teams and steeper career paths ahead as AI reshapes roles
Australia jobless rate jumps to 4½ year high as RBA bets fade
Traders are now wagering about an even chance of a rate hike in August
Frasers sells retail complex in West Sydney to Vicinity Centres for A$400 million
The sale is consistent with its capital recycling strategy, says Australian unit’s CEO
Australia orders Chinese investors to sell stakes in rare earths firm over national security
Five of them are registered in China or Hong Kong and one in the British Virgin Islands
