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Undated file photo showing the Lockheed Martin US101 test helicopter.

Australia Cancels AU$7B Lockheed Martin Satellite Deal, Citing Shift In Strategic Space Needs

Prime Minister Anthony Albanese said, "We're busy prioritising all of our purchases when it comes to defence assets, we've got a considerable increase in our defence budget and we'll make sure all of the decisions that we make are in our national interest."

Labor Government Unveils 20% Reduction In Student Loans, Erasing Nearly AU$16 Billion In Debt
As the new changes take effect on June 1, 2025, an average graduate with a loan of AU$27,600 will have AU$5,520 removed from their debt.
Australian Federal Police Raid PwC Sydney Office Amid Tax Leak Probe
The police investigation, known as Operation Alesia, was looking into whether former PwC Australia employees disclosed official secrets, with the search expecting to last several days.
Westpac Sees 3% Decline In Profits, CEO Peter King Optimistic About Economic Recovery
Even while it mostly impacted Westpac's business and wealth division, the company's profits improved by 13% to AU$2.4 billion because of more lending to businesses in the fields of professional services, health care, and agriculture.
Israel Tells UN It Is Cutting Ties With Palestinian Aid Agency
Israel formally notified the United Nations of its decision to sever ties with the agency supporting Palestinian refugees, it said Monday, after lawmakers voted to ban the organisation vital to the occupied territories.

Ryanair Profit Falls, Growth Hit By Boeing Delays

Irish budget airline Ryanair reported falling net profit for the second quarter on Monday and revised down its passenger growth target following delays in deliveries of Boeing aircraft.

WAR IN UKRAINE

Thousands of Ukrainian soldiers have come back from the front with wounds festering with multidrug resistant organisms

Drug-resistant Superbugs: Ukraine's Other Wartime Enemy

Ukrainian soldier Anton Sushko, severely wounded, thought he was finally safe when he spotted a rescue team after crawling for hours through the battlefield in eastern Ukraine.

Economy in Focus

Most Markets Rise Ahead Of US Vote, China Stimulus Meeting
Most markets rose Monday as investors steel themselves for a too-close-to-call US presidential election, while Chinese leaders meet to hammer out a stimulus package that experts say could be determined by the vote.
Global Stocks Diverge, Oil Prices Gain On Geopolitical Fears
Australia's Household Spending Dips 0.1% In September, Hit By Cutbacks In Apparel And Transport

More News

Over 1,200 Major Companies, Including Qantas And Netflix, Paid No Income Tax In 2022-2023: ATO
Qantas and Virgin Australia used carried-forward pandemic losses to dodge taxes in 2022–2023, while Netflix Australia made nearly AU$1.15 billion in the 2023 fiscal year without paying taxes.

Indonesia Adds Google Pixel Phones To Ban List With IPhone 16

Indonesia has banned the sale of Google Pixel phones over the tech giant's failure to meet investment regulations, its industry ministry said, days after blocking sales of Apple's iPhone 16.