Australia Financial News

Queensland mango growers say they will be priced out of the lucrative Japanese market by revised export regulations, claiming extra red tape will be a “wrecking ball” for the multi-million dollar sector.

Victorian Labor MPs head to a retreat on the Mornington Peninsula next week amid mounting pressure on Premier Daniel Andrews and his hand-picked successor Jacinta Allan over their handling of the Commonwealth Games.

Qantas is trying to address woeful on-time performance by changing the way it boards planes, after the latest official statistics showed Australia’s dominant airlines remain sharply below their pre-pandemic discipline.

international cricket at just 18 years old. Having represented Pakistan in four One Day Internationals (ODIs) and 30 T20 Internationals (T20Is), Ayesha's standout performance came during the T20 World Cup 2022 when she impressed with a quickfire 24 runs off 20 balls against the formidable Australian team. Once hailed as a 'serious talent' by cricket legend Wasim Akram, Ayesha has chosen to bid farewell to the sport she showed immense promise in, according to various reports.

By Wayne Cole and Alasdair Pal

dollar was steady on Friday as data pointed to U.S. labour market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after Japan's core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan and the United State are due next week, with investors parsing through data to better gauge monetary policy paths they will likely chart.

inflation data. Japan’s core inflation rate, excluding those for fresh food, rose 3.3%, official data showed. The inflation rate is marginally higher than May’s figure of 3.2%.  However, this was for the 15th straight month that the inflation rate was above the Bank of Japan’s 2% target.

The Albanese government has begun the slow process of remaking the ABC’s influential board – and chairman Ita Buttrose has advised it to consider young blood for at least one director’s seat, according to a person familiar with the matter.

Australia endured its worst day at the Ashes so far as Mitchell Starc suffered a shoulder injury and a thunderous 189 from Zak Crawley put England well on top in the fourth Ashes Test.

Redundancies are on the cards at the Brisbane headquarters of Bain Capital’s big IPO candidate Virgin Australia. The airline is preparing to haul in its general managers and issue an exit target for their respective business lines. Managers will be given several weeks to generate a plan.

Besides Stockton Rush, entrepreneurs of Pakistan origin Suleman Dawood and Shahzada Dawood, British adventurer Hamish Harding, and French citizen Paul-Henri Nargeolet were killed when the OceanGate submersible Titan imploded, killing all onboard. They were on an adventure trip as well as a research mission and wanted to reach near the debris of the submerged iconic ship Titanic. Participating in a program called ‘60 Minutes Australia’, submarine operator and a friend of Stockton Rush, Karl Stanley said that he had warned the OceanGate CEO about the submersible. Stanley claimed that Rush definitely knew that the mission would end this way. He went to the extent of accusing him of murdering these persons and making them pay for this. Describing his experience of going on a test diving in the Bahamas in 2019, he said that he had heard gun-shot-like noises every three to four minutes. He also said that he had raised his concerns about the carbon fiber hull and warned that it would worsen. He added that he had no doubts that it was the carbon fiber hull that failed. The two friends had a heated exchange of calls and emails. Multiple agencies are investigating the incident. The US Coast Guard, the UK Marine Accident Investigation Branch, and the Transportation Safety Board of Canada are probing the mishap from different angles. Structural titanium rings were seen at the front and rear of the submersible in the pictures of the fragments of the submersible. Scientists believe that extreme pressure at the depth of the ocean might have caused the implosion. Stanley is the owner of Stanley Exploration, a deep-sea exploration company, based in the Latin American country of Honduras.

₹71,235 crore compared with ₹23,584 crore in the same period in 2022, as per the ministry. To put in perspective, India earned a total of ₹2.1 trillion in foreign exchange from tourism in 2019, an increase of 8.3% year-on-year. Going by the latest data, experts believe India is well placed to meet 2019 foreign exchange earnings from the tourism industry.

foreign exchange earnings from tourism during the four-month period during January-April were at ₹71,235 crore compared with ₹23,584 crore in the same period in 2022, as per the ministry. To put in perspective, India earned a total of ₹2.1 trillion in foreign exchange from tourism in 2019, an increase of 8.3% year-on-year.  Going by the latest data, experts believe India is well placed to meet 2019 foreign exchange earnings from the tourism industry.

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Netflix will soon roll out a docuseries narrating the journey of U.S. Women’s National Team or the USWNT to the 2023 FIFA Women’s World Cup. It will be the fifth world cup if they win. Win or lose, Netflix will capture their journey and excitement to cater to the world, particularly to the U.S. audience. The U.S.A. is not known for football and its men’s national team ranks much below on the table. But the USWNT is the current holder of the FIFA Women’s World Cup. It has evolved over the years since 1991 when the FFA Women’s World Cup was launched in China. Netflix series will certainly try to depict this scenario. The docuseries is yet to be named. Netflix will co-produce the series in association with TIME Studios, Words + Pictures, and Togethxr. The official date of release too has not been announced, but it will be released most likely in the Fall of this year. But, if the USWNT win the world cup, the series may be released before it. The 2023 FIFA Women’s World Cup kicked off July 20 in Auckland, New Zealand. The inaugural match was played between co-hots New Zealand and Norway. Norway won the match 1-0. The final will be held on August 20 in the Australian city of Sydney. Most of the experts have predicted that the USWNT will reach the final and they are most likely to win the world cup.

Atishi on Thursday termed «horrific» a May 4 video of two women being paraded naked in Manipur and hit out at Prime Minister Narendra Modi, saying though he had time to visit foreign countries, he hasn't yet gone to the strife-hit northeastern state. Tension mounted in the hills of Manipur after the video surfaced on Wednesday. The state has been witnessing ethnic clashes since May 3 between the majority Meitei community, concentrated in the Imphal Valley, and the tribal Kukis, occupying the hills.

extended-range artillery and infantry vehicles to meet its operational requirements along its border with China and address its «coercion and harassment», a top Pentagon official said on Thursday. The Indian and Chinese troops are locked in an over-three-year confrontation in certain friction points in eastern Ladakh.

Sam Kerr has been ruled out of Australia’s Women’s World Cup opener against Ireland and the subsequent game against Nigeria through injury.

Much ado about nothing at InvoCare, the listed funeral home operator currently in the sights of private equity giant TPG.

The Productivity Commission has been chided as “naive” over its criticism of government subsidies for batteries and other clean energy products, with proponents of the support saying Australia has little choice even in areas where it has comparative advantages.

Superannuation funds have been told to value the $650 billion in unlisted assets they hold quarterly, and more frequently during periods of market volatility or big policy change by governments.