Australia Financial News

The owners of a 55.45 per cent stake in Melbourne toll road EastLink are ready to launch the mooted auction,after the auction’s big gorilla, Transurban, was handed a speeding ticket by the competition regulator on its ability to bid.

Collingwood’s nail-biting AFL grand final win over the Brisbane Lions on Saturday delivered the Seven Network the biggest TV audience of the year – outside the FIFA Women’s World Cup.

Coal shipments fell more than a fifth in the month to the end of August, recording their lowest level for that period out of the Port of Newcastle, the world’s busiest export terminal for the resource, in at least five years.

heat wave that raised the risk of bushfires and led authorities to issue fire bans for large swathes of New South Wales state. The nation's weather forecaster said temperatures would be up to 12 degrees Celsius (53.6 degrees Fahrenheit) above average in some areas, with Sydney, the capital of Australia's most populous state New South Wales, set to hit 36 C (96.8 F). At Sydney's Kingsford Smith Airport, the temperature was 34.6 C (94.3 F) at 2pm (0300 GMT), more than 11 degrees above the October mean maximum temperature, according to forecaster data. Australia faces a high-risk bushfire season following the onset of an El Nino weather event, recently announced, which is typically associated with extreme events such as wildfires, cyclones and droughts. State Emergency Services Minister Jihad Dib announced the start of an official bushfire danger period, with the «scorching» heat lifting the risk for the week ahead. «Not only is it hot, it's dry and it's windy and those conditions combined are the perfect storm,» Dib said. Fire authorities on Sunday issued nine total fire bans for parts of the state to reduce the chance of bushfires. Australia's last two fire seasons have been quiet compared with the catastrophic 2019-2020 «Black Summer» of bushfires that destroyed an area the size of Turkey and killed 33 people. In Sydney, local resident Sandy Chapman said she was worried about the mix of extreme heat and wind. «It doesn't take long to start a fire and have it burning and it's very scary,» Chapman said. Sydneysider Katie Kell hoped there would be no repeat of bushfires on the same scale as 2019-20. «I don't know, with how hot it's been since the start of spring, I'm not too confident,» Kell said.

London | Sea Forest, the emissions-busting Tasmanian start-up making cattle feed out of seaweed, is on the cusp of an international push into the British and European markets, according to founder Sam Elsom.

The Wallabies’ World Cup in France remains alive – for another day at least – with Fiji failing to secure the maximum points needed to secure their quarter-final berth.

ALSO READ: ICC World Cup 2023: Star-studded commentary panel announced; check complete list - Shastri, Gavaskar, Ponting and more The main tournament will begin on 5 October when current world champions England -- led by Jos Buttler -- will face New Zealand at the Narendra Modi Stadium in Ahmedabad from 2 pm onwards. Neighboring Pakistan will face the Netherlands on 6 October at the Rajiv Gandhi International Stadium in Hyderabad from 2 pm onwards.

Textile Industry (CITI) on Friday has elected Rakesh Mehra as Chairman, Ashwin Chandran as Deputy Chairman and Dinesh Nolkha as Vice Chairman for two years- 2023-2025. The decision was made during the organisation’s 65th Annual General Meeting (AGM), held virtually. In a statement, the apex body of textile industry said that Dinesh Nolkha has been elected as the vice-chairman at the 65th annual general meeting. Mehra is the chairman of Banswara Syntex, an integrated textile manufacturer and exporter of yarns, fabrics and garments, having a turnover of Rs 1,400 crore, CITI said. He expressed his commitment to fostering collaborative and inclusive initiatives for the overall growth of the textile sector. Reflecting on the industry’s recent challenges, outgoing Chairman T Rajkumar acknowledged the sector’s resilience, citing a 4.33% growth in the country’s cumulative exports of textiles and apparel in August compared to the previous year. India aims to clock $350 billion in apparel and textiles market size including $100 billion exports by 2030.

Australian Squad: Pat Cummins (Captain), David Warmer, Marnus Labuschagne, Steve Smith, Travis Head, Ashton Agar, Cameron Green, Glenn Maxwell, Marcus Stoinis, Mitchell Marsh, Sean Abbott, Alex Carey, Josh Hazlewood, Mitchell Starc.

SYDNEY (Reuters) — One man died and another was in hospital on Saturday in Australia after a whale struck and flipped their boat during a fishing expedition, authorities said.

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ICC), on September 29, announced a star-studded commentary panel for the upcoming ODI World Cup, which begins on October 5. World Cup winners Shane Watson, Lisa Sthalekar, Ramiz Raja, Ravi Shastri, Aaron Finch, Sunil Gavaskar and Matthew Hayden will mark their presence in the panel.

India will square off against England in a warm-up match on September 30 ahead of the highly-anticipated One Day International (ODI) World Cup 2023. Head coach Rahul Dravid is optimistic that the team will field a 'full-strength' side in their warm-up match against England. This clash precedes the main tournament where India opens its campaign on October 8 against Australia.

Offshore gas operators are calling for urgent reforms to petroleum approvals regulations after the Federal Court overturned approval for seismic testing on Woodside Energy’s $16.5 billion Scarborough LNG project.

International Monetary Fund was 58.9% in the second quarter, unchanged from that of the first three months of the year, IMF data showed on Friday. Claims in U.S. dollar rose 0.8% to $6.576 trillion in the second quarter, but was actually down 1% from a year earlier. The euro's share edged up slightly to 19.9% in second quarter, from 19.8% the previous three months.

Shares are higher in Europe after a mixed day of sparse trading in Asia, where many markets were closed for public holidays

Australian Defense Minister Richard Marles says the army will never again fly its fleet of MRH-90 Taipan helicopters following a crash in July that killed four soldiers

Whenever you plan a visit to Sydney, only two tourist spots immediately come to your mind. But as with any beautiful city in the world, Sydney is so much more than the Opera House and the Harbour Bridge. From nature lovers to foodies, history buffs to club hoppers, Sydney and New South Wales have so much to offer to everyone. Whether you are looking to spend some quiet time in the wild or go for that adventurous road trip with your buddies, spend a frolicking day in a cityscape with your beloved, or simply enjoy fun activities with your family, Sydney, and New South Wales have a plethora of options.

By Kirsty Needham

Record petrol prices are likely to rise even further and motorists should get used to paying more than $2 a litre as global oil prices continue to climb, further complicating the fight to tame persistently high inflation.