Australia Financial News
06.04 / 13:29
markets
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Manufacturing
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Trade
President
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‘Looted’ nation: The ultimate guide to decoding Trump’s Liberation Day tariffs
Subscribe to enjoy similar stories. Chennai: In 1947, the US led 23 nations into signing the General Agreement on Tariffs and Trade (GATT). The effort was to lower trade and tariff barriers among nations.
05.04 / 20:25
Remark
Dreams
wellness
love
Freedom
rights
cricket
If you’re a painter, playing for India is your dream canvas to paint: B Sai Sudharsan
B Sai Sudharsan has been one of the most consistent batters in this IPL – 74, 63 and 49 in his three outings for Gujarat Titans so far. The left-hander spoke with Boria Majumdar about the team, dressing room culture, presence of Jos Butler and his India ambitions. Excerpts Q: You’ve been incredibly consistent this season. What’s the secret? A: I’m glad I’ve been able to make a difference to my team. I’d say I have understood the T20 game better in the course of the last year and know what I need to do to be consistent and not push things too much. I have worked hard and prepared very well and if I do what I know how to do, runs will surely come. Q: How is it opening the innings with your captain Shubman Gill and how is he as a leader? A: He’s an excellent leader of men. He gives you the freedom to say whatever you feel and batting with him is an absolute pleasure. With him at the other end, you know he will soak in the pressure and play some incredible shots. Your job becomes easier that way and you can just focus on your own thing. Q: Did you enjoy batting with Jos Butler, one of the best white-ball batsmen? A: Absolutely true. Jos is such a calming influence out there. You know there is someone who is in control. He will constantly encourage you and also make sure you don’t feel the pressure. He is a leader and you will know it if you bat with him. I have enjoyed every minute we have batted together and learnt a lot in the process.
05.04 / 17:41
Digital
Platform
show
country
social
Schools
rights
The more time kids spend on phones, the worse their mental health... but bans in schools alone won’t help: Expert
The first, written by a broad team of authors and published in The Lancet, investigates the impact of mobile phone policies in schools on students’ mental health, academic performance, physical activity and sleep, drawing on data from over 1,200 adolescents aged 12–15 years across the UK. The second article, written by six authors in The British Medical Journal, focuses on strategies to support the development of healthy technology use among young people. Apoorva Mittal spoke to Goodyear on Zoom about the findings and their implications in a world where digital devices are deeply woven into the lives of young people, and at a time when Australia has introduced a law banning social media for minors and shows like Netflix’s Adolescence are highlighting the negative impacts of these platforms on young adults. Edited excerpts: What inspired you to undertake the study on phone use in schools and its impact on adolescents? When we started the study, we were seeing growing concerns about adolescent mental health—especially around increased anxiety and lower well-being. At the same time, there was a noticeable rise in smartphone ownership and social media use among teenagers. Many discussions were linking the two, but the evidence was inconsistent. Meanwhile, several countries were starting to consider or implement school phone bans or delay smartphone access for adolescents. We wanted to look at whether these bans were making a difference. What have you observed on the use of technology by adolescents? Adolescents use phones for all sorts of things—accessing information, playing games, staying connected with friends. But they are also spending a lot of time on these platforms throughout the day.
05.04 / 05:45
Target
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wellness
stars
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bowling
MS Dhoni to return as CSK captain against Delhi Capitals? Shane Watson drops a big hint
Shane Watson, former Australian all-rounder and ex-CSK star, has dropped a major hint about MS Dhoni possibly returning as captain of the Chennai Super Kings against Delhi Capitals for today’s match. When asked if Dhoni would step in as captain if Ruturaj Gaikwad is unavailable for CSK’s against DC, Watson said, «If Ruturaj doesn’t play, you’d expect MSD to step in. He’s already leading on the field, guiding Ruturaj whenever he can. So, if needed, it would be a very seamless transition for him to take over as captain.” Gaikwad was hit on his unprotected elbow during the previous clash of the ongoing 18th edition of the cash-rich league against Rajasthan Royals at Guhawati. This incident took place when the 28-year-old player stepped out on the bowling of right-arm seamer Tushar Deshpande in the second over while chasing a target of 183 runs. Speaking at a pre-match press conference, CSK batting coach Michael Hussey said that Gaikwad's elbow is sore right now, but he is getting better day by day. »Yeah, we're hoping he [Gaikwad] is going to try and have a bat today for training. And, yeah, it [elbow] is still a little bit sore, but it's improving every day. So, we're very hopeful that he'll be fine for tomorrow," Michael Hussey said as quoted by ESPNcricinfo.
05.04 / 03:43
security
BlackRock
President
country
travelers
peace
Pete Hegseth to travel to Panama for meetings following Trump's demands for canal
Sean Parnell, chief Pentagon spokesman, said Friday that Hegseth will participate in the 2025 Central American Security Conference. He said Hegseth will take part in meetings that «will drive ongoing efforts to strengthen our partnerships with Panama and other Central American nations toward our shared vision for a peaceful and secure Western Hemisphere.» He did not mention the canal, which was built by the US in the early 1900s as it looked for ways to facilitate the transit of commercial and military vessels between its coasts. Washington turned control over to Panama on Dec. 31, 1999, under a treaty signed in 1977 by President Jimmy Carter. Trump has claimed that Carter «foolishly» gave the canal away. After Trump's threats, a Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control. The deal will give the U.S. investment management company BlackRock Inc. control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the Panama Canal. Other ports are in Mexico, the Netherlands, Egypt, Australia, Pakistan and elsewhere.
04.04 / 19:17
FIVE
Racing
Oscar
performer
track
country
sprint
F1's Japanese GP has storylines that may be as fleeting as the country's cherry blossoms
Japanese Grand Prix on Sunday is only the third Formula 1 race of the season, and several plots are developing that promise a few twists. But the fresh storylines could be as fleeting as the cherry blossoms seen all over Japan at this time of the year. There's McLaren, which has been the early force after winning the first two races. Are Lando Norris and Oscar Piastri about to run away with the season just as Red Bull and Max Verstappen have in winning the last four drivers' titles? How about seven-time champion Lewis Hamilton, who moved this season from Mercedes and is looking for his first victory for Ferrari. He won the sprint two weekends ago in Shanghai. In Sunday's main race in China, he and teammate Charles Leclerc were disqualified for technical infringements. And back to the cherry blossoms in Japan — the season typically lasts for only about two weeks, from the initial blooms to its splendorous peak. A sellout crowd of about 115,000 on Sunday at Suzuka — the Honda-operated track in central Japan — will be following every lap of Japanese driver Yuki Tsunoda. Tsunoda was promoted to Red Bull last week from Racing Bulls, its feeder team. A Japanese driver has never won an F1 race.
04.04 / 11:15
wellness
country
Relationships
International
CPI(M) gets CPC message on what India-China ties can achieve
Communist Party of China (CPC) has said in a message to the CPI(M), extending wishes for the party congress underway in Madurai. According to a document shared by the Communist Party of India (Marxist), 34 Left parties from across the world have sent it messages wishing success to its 24th party congress. Besides the CPC, they include Workers' Party of Korea, Communist Party of Vietnam, Communist Party of Cuba, Communist Party of Australia, Workers' Party of Belgium, Palestinian People's Party, besides communist parties from the US, France and Germany among others. Communist Party of Bangladesh, Workers Party of Bangladesh, Communist Party of Nepal (United Socialist), Awami Workers' Party, Pakistan, Communist Party of Pakistan and Communist Party of Burma also sent messages wishing success to the CPI(M) congress. The CPC in its message said in the present international landscape, an improving China-India relationship serves the common interest of both countries and the region. «The international landscape and world order are now in a new round of transformation. An improving China-India relationship serves the common interests of both countries and the region,» CPC said.
04.04 / 10:49
security
Election
community
Trade
show
politician
In a tight Australian election, a Chinese app could make a difference
Labor Party's Jerome Laxale won the Sydney seat of Bennelong from the Liberals at the 2022 election, votes from Chinese Australians angry about then-prime minister Scott Morrison's spat with Beijing were instrumental in his victory. Now Laxale and other politicians are using social media including Xiaohongshu, a Chinese lifestyle app also called RedNote, and other campaign strategies to appeal to Chinese communities who will again be a crucial bloc in the upcoming election. «If you want to communicate with your electorate, you need to go where your electorate are and some of them are on Xiaohongshu,» said Laxale, who has handed out 30,000 red envelopes with QR codes to his personal accounts on Xiaohongshu and another Chinese app, WeChat.
04.04 / 06:27
markets
UPS
Photos
Wildlife
social
rapper
Features
Robert Irwin stirs controversy with underwear campaign featuring reptiles
Robert Irwin, the 21-year-old son of the late Steve Irwin, has partnered with Australian underwear brand Bonds for a new campaign launching in the US. The photoshoot features Irwin posing in underwear with snakes and lizards, leading to a controversy and online trolling. The campaign aims to promote the brand's expansion into the American market. Irwin, known for continuing his father's wildlife conservation legacy alongside his mother and sister at Australia Zoo, has been in the public eye since childhood. His latest venture into underwear modelling marks a significant departure from his previous work. Bonds, an Australian brand, chose Irwin and Australian rapper Tkay Maidza for their US launch campaign. The images feature Irwin in various poses, often with reptiles. The photoshoot has generated considerable discussion online, with many expressing surprise at Irwin's appearance. Some social media users commented on their conflicted feelings seeing him in this new light, remembering him as a child on television. “I was born in 1989. My elder eyes shan't not look upon this.”
04.04 / 02:01
markets
UPS
Target
Trade
President
country
International
Resistance is futile, make a deal: Trump’s tariff message to the world
Subscribe to enjoy similar stories. Leaders from Canada, Europe and China are threatening stiff countermeasures against the U.S. in response to President Trump’s surprisingly steep tariffs on nearly all imports.
04.04 / 02:01
UPS
Target
Research
Trade
inclusion
boating
Mint Quick Edit | Tariffs: Will penguins stop ripping the US off?
Subscribe to enjoy similar stories. While brains are wracked over the global impact of US tariffs, what has left many particularly zapped is the inclusion of a group of remote islands in its target list. Heard and McDonald Islands near Antarctica is listed as a place whose goods shipped to the US will now attract a 10% import levy.
04.04 / 01:59
markets
UPS
economy
Trade
2020
reports
Asian shares fall after worst Wall Street day since 2020
Shares in Australia and Japan fell at the open. US equity-index futures were steady as trading kicked off in Asia after the S&P 500 declined 4.9% on Thursday and the Nasdaq 100 slumped 5.5%, the biggest drop since 2020 for each. The slump wiped out around $2.5 trillion from the US stock market. Oil sold off and the greenback extended its drop on Friday as yields on the 10-year US Treasury hovered around the 4% mark. Markets are closed in China and Hong Kong.
03.04 / 18:39
security
WhatsApp
Trade
country
Quad dynamics intact despite US tariffs on memebr countries
Quad dynamics remain stable, as the grouping is critical for Indo-Pacific security. «Tariff per se does not impact Quad.
03.04 / 18:33
UPS
economy
Trade
country
shock
International
Trump's tariffs: A reckless gamble or a necessary overhaul of trade?
And he belaboured global trade with them on Wednesday. Much of the planet is in shock. This includes penguins and seals who are the sole inhabitants of Heard and McDonald Islands, an Australian external territory near Antarctica, which has been slapped with a 10% tariff. India is mildly disappointed that its constructive and radical offer to Washington — zero-for-zero tariffs on 70% of manufactured goods — didn't give it a reprieve beyond pharma. But GoI has sensibly taken a 'Keep Calm and Carry On' attitude to what it has come to recognise is a period of geopolitical upheaval, as the US, Russia and China, in their separate ways, disorder the global order.
03.04 / 11:13
Reuters
economy
Trade
President
Doge
reports
'We are scratching our heads': Trump imposes 29% tariff on tiny, remote Australian island with barely any exports
Norfolk Island has a population of over 2,000 people and lies 1,600km (1,000 miles) north-east of Sydney and its economy revolves around tourism. The 29% tariff is 19 percentage points higher than the rest of Australia. In 2023, Norfolk Island exported US$655,000 (A$1.04m) worth of goods to the US, with its main export being US$413,000 (A$658,000) worth of leather footwear, according to Observatory of Economic Complexity data. ALSO READ: 'Such an old-fashioned term but beautiful': Trump was mesmerized by THIS word in 'Liberation Day' speech
03.04 / 03:21
economy
HANS
Trade
President
country
rights
Trump tariffs draw global promises of counter measures
Here is what some governments said about what they would — and would not — do in response. Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact? CHINA China's commerce ministry said Beijing «firmly opposes» the reciprocal tariffs and «will take countermeasures to safeguard its own rights and interests,» after Trump imposed a 34% reciprocal tariff on the country. JAPAN
03.04 / 02:11
markets
UPS
Target
Trade
War
country
Dollar slides as traders rush into safe havens after US tariffs
Trump said he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners. The tariffs will take effect on April 9 and appeared to target about 60 countries.
03.04 / 01:51
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Action
Racing
Trade
country
reports
rights
Australia says US tariffs 'not act of a friend' but rules out reciprocal move
In comments outside the White House, Trump singled out Australian beef, which saw a surge in exports to the United States last year, reaching A$4 billion amid a slump in U.S. beef production. «They won't take any of our beef. They don't want it because they don't want it to affect their farmers and you know, I don't blame them but we're doing the same thing right now,» Trump said in an event in the White House Rose Garden announcing tariffs on a wide range of U.S. trading partners. Australia banned U.S. fresh beef products in 2003 due to the detection of bovine spongiform encephalopathy, otherwise known as mad cow disease, in U.S. cattle. BSE poses a risk to human health and has never been detected in cattle in Australia. Albanese said Trump had imposed a 10% duty on all Australian goods entering the United States, equivalent to the U.S. baseline tariff on all imports, despite U.S. goods entering Australia tariff free.
03.04 / 01:43
markets
security
Trade
President
War
testing
GIFT Nifty down 300 points; here's the trading setup for today's session
STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a gap-down start GIFT Nifty on the NSE IX traded lower by 301 points, or 1.28 per cent, at 23,129.50, signaling that Dalal Street was headed for gap-down start on Thursday.
03.04 / 01:43
markets
Provident
Dash
Trade
President
country
Asian stocks drop, bonds jump as Trump tariffs sap risk
S&P 500 futures sank over 3.5% while contracts on the Nasdaq 100 slid 4.5%. Shares in Australia, Japan and South Korea tumbled at the open Thursday. US 10-year Treasury yields slumped with the flight to havens also lifting the Japanese yen and gold, which touched a new record high.
02.04 / 12:45
markets
COST
Fox
Platform
Trade
Universities
country
Trump’s ‘Liberation Day’ tariffs: When, where, and how to watch – which countries and sectors will be most affected?
global trade tensions and sparking uncertainty in markets worldwide. These tariffs, designed to counter what Trump calls unfair trade practices, are expected to reshape global commerce in a significant way.
latest developments in Australia
What is the current situation in Australia?
In Australia, the spotlight is on local government initiatives that spark public discussion.
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We publish in-depth coverage about the situation in Australia, based on information from official representatives.
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The news landscape of Australia is shaped by key decisions by local authorities, reflecting its unique context.