POLITICS & POLICY

Scrapping Renewable Energy Target Will Cost Australia's Economy Billions

A Bloomberg report has warned it would cost Australia billions of dollars and thousands of jobs if the Abbott government chooses to scrap the country's renewable energy target. An expert panel is currently reviewing Australia's vow to produce 20 per cent of power from renewable energy sources by 2020.
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China Mulls Increasing Export Taxes of Precious Rare Earths

Two months after a WTO ruling said that had China violated international trade rules regarding its imposed measures on rare earths exports, the country plans to increase the export taxes of its precious metals and minerals this year, 2014.

Abbott's 'Extreme' Budget Strikes Down Australia's Claim of Taking Climate Change Seriously

The first budget of the Australia's Abbott government was described as the "least popular" and the "most extreme" in 40 years, according to most media accounts and statements. The country's Budget 2014 was released during an unexpected heatwave in May with temperatures measuring 20 degrees. Aside from affecting social policies including the $80 billion budget cuts in health and education, the release of the new budget has destroyed Prime Minister Tony Abbott's claims that Au...
Armed policemen patrol near the exit of the South Railway Station, where three people were killed and 79 wounded in Wednesday's bomb and knife attack, in Urumqi, Xinjiang Uighur Autonomous region, May 2, 2014. REUTERS/Petar Kujundzic

31 Dead in Recent China Bombing Attack

At least 31 people died in China after two sports utility vehicles crashed into the shoppers at a market in Urumqi, capital of restive Xinjiang region, and then threw explosives.

Edward Snowden: Australia Secretly Spies on Philippines

More leaked U.S. intelligence documents have revealed Australian spies were helping their American counterparts to secretly monitor telephone calls across the Philippines. According to the secret documents of the U.S. National Security Agency unveiled by former intelligence contractor Edward Snowden, the Australian Signals Directorate provides support to an NSA intelligence collection programme MYSTIC.

Budget 2014: S&P Belies PM Tony Abbott’s Warning That Blocking by Labor of Budget Cuts Would Lead to Review of Australia’s AAA Rating

Another hole has been punched into the argument of the Coalition that the proposed 2014-15 budget would be for the long-term benefit of Australia. In insisting that the Opposition's vow to block in Parliament the spending cuts would be bad for the country, Prime Minister Tony Abbott even cited an alleged threat from rating agency Standard & Poor's that the nation's AAA credit rating could be subject to a review.

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