Page 35 - Australia

Australian dollar jumps, kiwi slumps after unexpected inflation data

The euro held near a nine-month peak against the dollar, as traders weighed a rosier growth outlook for the euro zone against growing signs of a looming US recession

Tennis Australia bans Russian, Belarusian flags at Australian Open

Tennis Australia has banned Russian, Belarusian flags at the Australian Open after a controversy erupted over the Russian flag seen hanging outside the court

Australia to host football cup of nations ahead of FIFA Women's World Cup

Australia's national women's football team will play home games against Spain, the Czech Republic and Jamaica ahead of the FIFA Women's World Cup

Australian consumer confidence jumped 4.9 pts in past week: Report

Australian consumer confidence registered a 4.9 point jump to reach 87.4 between January 2-8, the highest for over three months since September last year; a report revealed on Tuesday

7.6 quake damages buildings in Indonesia, tremors felt in Australia

A powerful deep-sea earthquake damaged village buildings in eastern Indonesia early Tuesday, and its substantial shaking was widely felt in northern Australia. Indonesia's Meteorology, Climatology, and Geophysical Agency issued a tsunami warning after the magnitude 7.6 temblor that was lifted three hours later. Based on four tide gauge observations around the center of the earthquake, it did not show any significant anomaly or change in sea level, agency head Dwikorita Karnawati said. Tremors were felt in several regions, including Papua and East Nusa Tenggara provinces. The National Disaster Mitigation agency received visual reports of damage to houses and community buildings in Watuwey village in Southwest Maluku. The U.S. Geological Survey said the quake's epicenter was at a depth of 105 kilometers (65 miles) not far from Australia's northern tip. Deeper quakes tend to cause less surface damage than shallow shaking but are more widely felt. More than 1,000 people in northern

China reopening may add almost 1% to Australia's economic output: JPMorgan

Chinese student and tourist arrivals may add nearly one percentage point to Australia's economic output over the next two years, according to JPMorgan Chase & Co

Covid-19 pandemic reduces Australian life expectancy, says report

In the first week of August alone there were 4,200 deaths -- 20 per cent higher than the historical weekly average

Australia's housing prices mark largest annual decline of 5.3% since 2008

According to the report, despite the downturn across many areas of the country, housing values generally remain 11.7% above where they were at the onset of the Covid-19 pandemic

Pilot, 2 British visitors among 4 killed in Australia helicopters collision

A pilot, two British visitors and a Sydney woman have been identified as the four people killed in a collision of two helicopters over the waterfront at an Australian tourist hotspot. Authorities say it was fortunate the death toll in the crash of two aircraft operated by Sea World Helicopters was not higher. The pilot of the second helicopter managed to land safely on a sandy outcrop despite the aircraft being damaged in the collision Monday afternoon near Main Beach on Australia's Gold Coast. Considering the damage that was done to the front left-hand section of the helicopter, where the pilot was sitting, that has been a remarkable achievement, said Australian Transport Safety Bureau Chief Commissioner Angus Mitchell, whose office is investigating the crash. So whilst it has been very tragic that four people have lost their lives and many people are mourning this morning, we could have had a far worse situation here and the fact that one helicopter managed to land has been quite

GTRI suggests 7 steps for Indian traders to make full use of FTA with Aus

Indian traders should follow seven steps, including knowing trade policy and rules of origin of respective products in Australia in order to take full advantage of the recently implemented free trade agreement, according to a study by GTRI. The India-Australia free trade agreement came into effect on December 29, 2022. The Global Trade Research Initiative (GTRI) said India-Australia Economic Cooperation and Trade Agreement (ECTA) offers many concessions to exporters and importers of both countries, but the concessions are product-specific, and firms must check if their products benefit from the pact. We have suggested a seven-step process to ensure that the firms do not miss critical details while exporting or importing under ECTA, it said. Utilisation rate of India's free trade agreements (FTAs) is low and one of the factors is low awareness about the process and its benefits, it said adding these steps can help Indian companies make full use of the trade agreement. The steps inc

Helicopters collide over Australian beach, passengers hurt: Police

Two helicopters collided Monday over an Australian beach and passengers in one of the aircraft were injured, police said. The other helicopter managed to land safely after the collision near Main Beach, a northern beach on the Gold Coast, about 45 miles south of Brisbane in Queensland state. Authorities closed Seaworld Drive, which leads to the crash site. The Seaworld theme park is nearby. Queensland Ambulance Service said paramedics and police were at the scene. The Gold Coast region is one of the nation's most popular tourism spots and is at its busiest in January, the peak time for holidays in Australia.

Now, Canada and Australia impose Covid rules on travellers from China

Australia and Canada have joined a growing list of countries requiring travellers from China to take a COVID-19 test prior to boarding their flight, as China battles a nationwide outbreak of the coronavirus after abruptly easing restrictions that were in place for much of the pandemic. Australian health authorities said on Sunday that from January 5. All air travellers from mainland China, Hong Kong, or Macao will need to show a negative COVID-19 test taken within two days of their departure. Canadian authorities announced similar measures that will also come into effect January 5 in a statement dated Saturday. Australia and Canada join other countries including the US, UK, India, Japan and several European nations in imposing tougher COVID-19 measures on Chinese travellers amid concerns over a lack of data on infections in China and fears of the possibility that new variants may spread. China, which for most of the pandemic adopted a zero-COVID strategy that imposed harsh ...

Free trade with Australia kicks off; Tamil Nadu sees export gains

India gets preferential access to all products it exports to Australia

India-Australia interim trade deal kicks in today after eight-month wait

The implementation of the interim trade pact, also known as Economic Cooperation and Trade Agreement (ECTA) has the potential to double the bilateral trade between the two countries to $50 billion

Indo-Aus trade pact from Dec 29; several goods to get duty-free access

The interim free trade agreement between India and Australia will come into force on Thursday, providing duty-free access to thousands of domestic goods such as textiles, and leather in the Australian market. The agreement will help almost double the bilateral commerce to USD 45-50 billion in around five years, according to exporters and industry players. The Economic Cooperation and Trade Agreement (ECTA), which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery in the Australian market. Labour-intensive sectors which would gain immensely include textiles and apparel, a few agricultural and fish products, leather, footwear, furniture, sports goods, jewellery, machinery, and electrical goods. Federation of Indian Export Organisations (FIEO) Vice-President Khalid Khan said that Australia is one of the key markets for Indian exporters. "This agreement will give immense

Russia issues decree to ban oil sales to nations adhering price cap: Report

The decree also said that the ban may be lifted in individual cases on the basis of "special decision" from Russian President Vladimir Putin, as per reports

Warner's double ton in 100th test powers hosts to big lead; shuts critics

Facing pressure to retain his place in Australia's team, David Warner defied his critics and heatwave conditions with a spectacular return to form, scoring a memorable 200 in his 100th test. Leading the three-match series one-nil, Australia had resumed at Melbourne Cricket Ground on Tuesday at 45-1 in sunny conditions in reply to South Africa's lacklustre first-innings total of 189. By stumps, Australia was 386-3, an overall lead of 197, with Alex Carey not out on nine and Travis Head unbeaten on 48. While Australia is in a strong position, two of the home side's pace bowlers, Mitchell Starc and first-innings hero Cameron Green, are nursing finger injuries ahead of South Africa's second innings. Steve Smith (85) and Warner (200 retired hurt) shared an entertaining third-wicket partnership of 239 runs, as Australia took control of the match in stifling conditions. Smith's exit at 314-3 was followed by Warner's dramatic departure 15 runs later, retired hurt, with the crowd of 42,614

Saudi Arabia, Australia ask citizens in Pakistan to limit movement

The warnings came a day after the US embassy stopped its staff from visiting the Marriott Hotel in Islamabad due to fears of an attack

Australia looks to double trade with India as Chinese restrictions bite

With a middle-to-high income population of about 85 million people - roughly three times Australia's total population - it's seen as a prime target for sectors from education, to wine and tourism

China will work to promote strategic partnership, Xi tells Australian PM

Diplomatic ties between Australia and its major trading partner China deteriorated in recent years, with Beijing imposing sanctions on Australian exports