Page 21 - Australia

Sun Pharma gets regulatory nod in Australia for acne treatment cream

Sun Pharmaceutical Industries Ltd on Tuesday said the Australian Therapeutic Goods Administration has granted regulatory approval for Winlevi cream indicated for the topical treatment of acne. The approval is for Winlevi (clascoterone cream 1 per cent), which is indicated for the topical treatment of acne vulgaris in patients 12 years of age and older, the company said in a statement. Sun Pharma received the exclusive right to develop and commercialise Winlevi in the US, Japan, Australia, New Zealand, Brazil, Mexico, and Russia from Cosmo, it added. "Winlevi is an exciting addition to our expanding dermatology portfolio of innovative medicines in Australia. Winlevi's novel mechanism of action will be a welcome addition to the physician's toolkit while treating acne," Hellen de Kloet, Business Head, Western Europe, Australia and New Zealand, Sun Pharma, said. The company said Winlevi will be available in Australia this June. "This is another achievement in the mission of Cosmo and

Google, Meta face tough questions in Australia over cyber extremism threats

Australia's online safety regulator has put social media giants on notice, requiring them to explain what they are doing to protect people from violent extremists and terrorists. The country's eSafety regulator announced Tuesday that it had issued legal notices to Google, Meta, X, WhatsApp, Telegram and Reddit requiring each company to report on steps they are taking to protect Australian users of their platforms from extremist material online. Accessing violent and extremist content on social media has been blamed for the radicalisation of the perpetrator of the 2019 Christchurch mosque shootings, which killed 51 people, and also a gunman who murdered 10 black Americans at Buffalo in New York in 2022. Both shooters also live-streamed parts of their attacks online. According to Australia's eSafety Commissioner Julie Inman Grant the risk of terrorism and online radicalisation remains high both in Australia and internationally. "The tech companies that provide these services have a .

Uber pays $178 mn to end legal fight with Australian taxi drivers

Global rideshare giant Uber will pay 272 million Australian dollars (USD 178 million) to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market. A class action against Uber had been expected to go to trial in the Supreme Court of Victoria on Monday, but Maurice Blackburn Lawyers representing 8,000 taxi and hire car drivers said the case will be dropped because Uber agreed to the financial settlement. Maurice Blackburn principal lawyer Michael Donelly said that drivers and car owners suffered financial losses due to Uber's aggressive entry into the market in 2012 and that the company consistently attempted to avoid compensating them. "On the courtroom steps and after years of refusing to do the right thing by those we say they harmed, Uber has blinked, and thousands of everyday Australians joined together to stare down a global giant," he said. An Uber statement described the complaints of the taxi indust

Nasscom inks pact with Australian Business NSW to accelerate market access

IT industry body Nasscom on Friday said it has signed an agreement with Australian industry body Business NSW to facilitate market access for technology companies in the two markets. Indian technology companies and firms in New South Wales will receive accelerated access to each other's markets as part of the new agreement that aims to synergise economic cooperation between India and Australia, Nasscom said.. An agreement between the Department of Enterprise, Investment, and Trade (DEIT), Indian industry body Nasscom, and Australian industry organisation Business NSW was signed in Sydney on Thursday, leveraging the Australia-India Economic Cooperation and Trade Agreement (ECTA) and positioning NSW at the centre of the burgeoning Australia-India technology corridor, Nasscom said in a statement. With a USD 254 billion tech industry as of FY2024, India is a global powerhouse, so we are looking forward to welcoming their startups and scaleups to Sydney through our International Landing

Australia to restore funding for UNRWA, pledges to increase Gaza aid

Australia will restore funding to the United Nations relief agency for Palestinians, weeks after the agency lost hundreds of millions of dollars in support following Israeli allegations that some of its Gaza-based staff participated in the Oct. 7 attack. The Australian government also pledged Friday to increase aid for the besieged enclave, with Foreign Minister Penny Wong expressing horror at the deteriorating humanitarian situation in Gaza. Australia's move follows Sweden, the European Commission and Canada in reinstating funding for the United Nations Relief and Works Agency for Palestine Refugees, which had seen its international funding frozen while the allegations were investigated. The best available current advice from agencies and the Australian government lawyers is that UNRWA is not a terrorist organization, Wong told reporters Friday in Adelaide while she announced the aid package. "(We have) been working with a group of donor countries and with UNRWA on the shared ...

50 injured by 'strong movement' on plane travelling from Australia to NZ

At least 50 people were injured Monday by what officials described as a strong movement on a Chilean plane travelling from Sydney to Auckland, New Zealand. LATAM Airlines said in a statement that there was "a technical event during the flight which caused a strong movement. It did not elaborate on what happened. Passengers were met by paramedics when the flight touched down in Auckland. About 50 people were treated at the scene for mostly mild injuries, with 13 taken to a hospital, an ambulance spokesperson said. One patient was believed to be in serious condition. The Boeing 787-9 Dreamliner landed at Auckland Airport as scheduled and was to continue to Santiago, Chile.

After Tesla, Polestar quits Australia auto lobby amid emissions issue

VW, which remains in the lobby group, was concerned about the exit of Tesla and Polestar and was discussing the situation, the spokesperson added, without giving specifics

Largest Australian delegation attending India food industry fair: Official

Australian food brands seek a market of 25-30 million people in India's Tier-I and Tier-II cities, he says

Australian, Vietnamese PMs elevate their nations' economic relations

Australian and Vietnamese prime ministers on Thursday discussed ways of improving an already booming economic relationship, as part of Australia's strategy to diversify trade away from China. Vietnamese Pham Minh Chinh's official state visit came after he attended a summit of Southeast Asian leaders this week co-chaired by his Australian counterpart Anthony Albanese and Laotian Prime Minister Sonexay Siphandone. The Vietnam bilateral relationship has proved a success in Australia's hedge against Chinese economic moves. Australia says China's official and unofficial trade barriers have cost Australian exporters up to 20 billion Australian dollars (USD 13 billion) a year since 2020, though those steps have been relaxed gradually since Albanese's government came to power in 2022. Albanese said trade between Australia and Vietnam had increased 75 per cent in two years to USD 25.7 billion in 2022, the most recent year for which data was available. Vietnam had become Australia's ...

Quad a statement that others cannot have 'veto' on our choices: Jaishankar

The Quad is a statement that others cannot have a "veto" on choices of like-minded nations and the coalition is here to stay, grow and contribute to global prosperity, External Affairs Minister S Jaishankar said on Saturday, amid mounting global concerns over China's rising assertiveness in the Indo-Pacific. In an address at a think-tank forum, Jaishankar described the coalition of India, the US, Japan and Australia as an "overhead light" that is a "creative, flexible, nimble, responsive and open-minded" enterprise. The Quad has largely been focusing on bolstering cooperation to ensure a free and an open and inclusive Indo-Pacific in the face of Chinese belligerence. The external affairs minister said the Quad reflects the growth of a multipolar global order and its central approach is collaborative, and not unilateral. "All four governments have behaved differently from how they normally do. The Quad is an overhead light -- creative, flexible, nimble, responsive and open-minded ..

Raisina Dialogue: Jaishankar meets Australian Intelligence chief Shearer

Jaishankar also welcomed the Foreign Minister of Bhutan DN Dhungyel on his first visit to India after assuming office

'India is the world's emerging democratic superpower,' says Tony Abbott

'India is a wonderful place to do business. Today, India is a far more business-friendly place than it was a decade ago...' he said

JSW Steel in talks with Australia's Whitehaven for coal mine stake

The miner acquired the Blackwater and Daunia mines from BHP Group in a $4.1 billion deal last October, and expects the acquisition to complete in early April

JSW Steel in talks to buy 20% in Australian coal mine for $1 billion

Whitehaven selling part of stake in Blackwater mine

TMS Ep632: Jio OTT and TV, flight delays, markets, Right to Disconnect

Can Reliance do a Jio in media? Why are your flights getting delayed or cancelled? Is the market recovery sustainable? What is Australia's Right to Disconnect Bill? All answers here

US House passes Quad bill to facilitate closer cooperation between members

The US House of Representatives has passed the Quad bill which instructs the Biden administration to establish a Quad Intra-Parliamentary Working Group to facilitate closer cooperation between the US, Australia, India and Japan. Passed by a roll call vote of 379 to 39 votes, the Strengthen US-Australia-India-Japan Cooperation' or the Quadrilateral Security Dialogue (Quad) bill says that the joint cooperation between the US, Australia, India and Japan should be strengthened. It directs the State Department to submit to Congress, within 180 days of the bill's enactment, a strategy to increase engagement and cooperation with the Quad, and within 60 days of its enactment, to enter into negotiations with Japan, Australia and India to establish a Quad Intra-Parliamentary Working Group to facilitate closer cooperation. It also would establish a US group, which would have a maximum of 24 members of Congress, to represent the US in the working group. It also would establish guidelines for ..

Australian lawmakers pass motion calling for release of WikiLeaks founder

Australia's House of Representatives has ramped up pressure on the United States and Britain to end the prosecution of WikiLeaks founder Julian Assange by passing a motion calling for the Australian citizen to be allowed to return to his home country. Independent lawmaker Andrew Wilkie moved the motion on Wednesday one week ahead of Britain's High Court of Justice hearing Assange's appeal against extradition to the United States on espionage charges. Australian Prime Minister Anthony Albanese was among the 86 lawmakers who voted for the motion that called on the United States and Britain to bring the "matter to a close so that Mr. Assange can return home to his family in Australia. The motion was opposed by 42 lawmakers including most of the main opposition party that unsuccessfully proposed amendments. Leaders of both the government and the opposition have publicly stated that the United States' pursuit of the 52-year-old had dragged on for too long. Assange has been in London's

APEDA facilitates Punjab farmer to export millets to Australia, says govt

The commerce ministry's arm APEDA has facilitated a farmer in Punjab to export 14.3 tonnes of millets and its products worth USD 45,803 to Australia, an official statement said on Tuesday. The shipment includes ready-to-cook millets derived from Kodo millet, Foxtail millet, Little millet, Browntop millet, and Barnyard millet, the commerce ministry said. "A farmer from Sangrur, Mr Dilpreet Singh, has transformed into an exporter, marking his first export consignment of 14.3 metric tonnes of millets, and its products valued at USD 45,803," it said. It also said that India's millet exports have touched USD 45.46 million during April-November this fiscal against USD 75.45 million in 2022-23. "Millets are gaining popularity in the global market. There is a significant increase in the export of cereal preparation, including value-added millet products. APEDA has facilitated around 500 startups in marketing, and exporting millet-based value-added products," it said.

Biocon inks pact with Sandoz for sale of 2 biosimilar products in Australia

Biocon Biologics on Friday said it has inked a five-year pact with pharmaceutical company Sandoz AG regarding the sale and distribution of two cancer treatment biosimilar products in Australia. The agreement provides Sandoz the exclusive rights to promote, sell and distribute biosimilars Trastuzumab and Bevacizumab in Australia, Biocon Biologics said in a statement. Biocon Biologics is a subsidiary of Biocon Ltd. Under the agreement, Sandoz will distribute the Biocon Biologics' brands, Ogivri (Trastuzumab) and Abevmy (Bevacizumab), and facilitate the sustained access of these medications that were previously distributed by another pharmaceutical company to patients in Australia. Trastuzumab is a biosimilar of Herceptin and Bevacizumab is a biosimilar of Avastin and utilised for the treatment of various cancers. "Following the recent establishment of our strategic partnership with Sandoz in Japan, our agreement with Sandoz in Australia marks another important milestone of our globa

Landmark Indo-Pacific supply chain pact to come into force on February 24

The US on Thursday announced that a landmark agreement on supply chain resilience under the Indo-Pacific economic framework involving 14 partner nations, including India, Japan and Australia, will come into force on February 24. US Commerce Secretary Gina Raimondo said the pact will facilitate a collaborative approach to strengthen supply chains and prevent potential disruptions. The US Department of Commerce said the Indo-Pacific Economic Framework for Prosperity (IPEF) agreement relating to supply chain resilience will enter into force on February 24. The agreement is aimed at coordination among the IPEF partners on building resilient, efficient, productive, sustainable, transparent, diversified, secure, fair, and inclusive supply chains. "This is a critical step in bringing the landmark, first-of-its kind agreement into action and promoting coordination among the IPEF partners on building resilient, efficient, productive, sustainable, transparent, diversified, secure, fair, and