Page 58 - Australia

China doing economic warfare against Australia: US Indo-Pacific adviser

China is conducting "dramatic economic warfare" against Australia and has tried to "break" the US ally, said US Indo-Pacific adviser

Hong Kong extends travel restrictions, Australia reports 5 cases of Omicron

Hong Kong expanded a ban on entry for non-residents from several countries as global health authorities raced to curb a potential outbreak of the Omicron virus

upGrad makes first overseas deal, snaps up Australian Global Study Partners

Leading edtech player upGrad on Monday said it will acquire Global Study Partners (GSP), the largest study abroad company in Australia, for AUD 16 million, with a commitment of a further AUD 10 million in future. upGrad, which has been growing through acquisitions and has earmarked an M&A war chest of USD 250 million, has entered into an acquisition agreement to buy 100 per cent of GSP for AUD 16 million with a commitment of a further AUD 10 million in future, the Ronnie Screwvala-promoted firm said in a statement on Monday. GSP is slated to close its current financials at a gross merchandise value of over AUD 10 million. Founded in 2015, the Sydney-headquartered GSP has a network of over 600 institutions in Australia, Britain, Canada, and the US, and over 1,300 recruitment partners that include education and migration agents, schools, test preparation centres, alumni associations etc. The acquisition marks the first international acquisition for upGrad and strengthens its foray ..

Australia's banking watchdog publishes long-awaited capital rules

Following four years of consultation, the new Basel III-aligned set of standards change the models used by banks to work out how much capital they need to hold, and will come into effect in 2023

Make it safe or we'll make you do it: Australian PM tells Twitter, Meta

If the social media platforms fail to do so, they will have to pay defamation costs

Australia to bring laws to force media platforms to unmask online trolls

The ruling caused some news companies like CNN to deny Australians access to their Facebook pages.

Australia announces border security measures to combat new Covid-19 variant

Australia will suspend all flights from nine southern African countries for a period of 14 days as a matter of precaution

Keeping eye on them like they were: Australia PM on Chinese spy ship

Australian PM said the reports that a Chinese spy ship circled Australia's coast earlier this year highlights the "very serious situation" in the Indo-Pacific region.

Australia's banking regulator finalises climate change policy guidance

The guidance calls for financial companies to immediately start managing climate change risks within their existing risk management frameworks

Australia business investment slips in Q3 as Covid-19 lockdowns shut firms

Australian business investment slipped in the third quarter as pandemic lockdowns shut many firms

Australia, Germany to spend $90 mn to fund hydrogen supply chain projects

Australia and Germany plan to spend around $90 million to fund hydrogen projects as part of a joint push to speed up development of the clean fuel to help cut carbon emissions

Australian billionaire to help publishers strike deal with Google, Facebook

Australian mining billionaire Andrew Forrest's philanthropic organisation will help 18 small news publishers negotiate with Google and Facebook

Smith is one of candidates for Test captaincy after selectors approach CA

Though vice-captain Pat Cummins remains the frontrunner for the top job, Smith is also in the reckoning

Australia-India relations will grow with time, says PM Scott Morrison

The Sydney Dialogue is being held from November 17-19. It is an initiative of the Australian Strategic Policy Institute

Australia strengthening tech partnership with India: Marise Payne

Payne said the new Consulate-General will focus on deepening Australia's ties with India's vibrant innovators

New-gen issues in India's line of sight as it eyes trade deals

India has been trying to look West for quite some time, but none of the deals have fructified so far

Google to spend $740 mn in Australia, resetting ties after exit threat

Google will spend A$1 billion ($736 million) in Australia over five years, it said, resetting ties months after a threat to pull its services

Mahatma Gandhi statue vandalised in Australia, cops begin investigations

A life-sized bronze statue of Mahatma Gandhi, which was unveiled on November 12 by Prime Minister Scott Morrison in the Melbourne suburb of Rowville, was decapitated.

Australian Covid-19 cases fall to recent low amid battle against 3rd wave

Australia has reported its fewest daily Covid-19 cases in recent weeks as the country continues to battle the third wave of infections.

T20 WC Final: Australia, New Zealand to lock horns for their maiden trophy

The fiestiness of Australia will clash with the tactical shrewdness of a perennially understated New Zealand when the Trans-Tasman rivals battle for their maiden T20 World Cup trophy here on Sunday.