Food Insecurity Hits 3.4 Million Australian Households Amid Cost-Of-Living Crisis: Report
Foodbank chief executive officer Breanna Casey stated 48% of low-income households were now experiencing food insecurity, with half the number spending less on essentials such as fresh produce and protein.
Australia Issues Highest-Level Travel Warning, Urges Citizens To Leave Israel Amid Ongoing Conflict
"We now advise do not travel to Israel and the Occupied Palestinian Territories due to the volatile security situation, armed conflict, civil unrest and terrorism," the Australian government's advice reads.
Liberal-National Coalition Takes First Lead Since 2022, Albanese's Approval Hits Record Low: Poll
The poll, however, predicted a hung parliament, with both parties failing to get a clear majority, leaving the Labor Party set to return as a minority government.
Australia To Invest AU$95 Million To Prevent Bird Flu Amid Global Outbreak Concerns
The Labor government had earlier granted AU$1 billion toward improving the country's biosecurity if the avian influenza strain was detected on Australian shores.
Over 1000 Patients At Sydney GP Notified Of Ineffective Vaccine Due To Storage Error
The Holy Family Medical Centre in Dulwich Hill has notified about 1,208 patients, including 394 children, who received a vaccine between Dec. 4, 2019 and July 30, 2024, that their protection may have been compromised due to incorrect storage of the vaccines at the clinic.
ANZ Cuts Fixed-Rate Home Loans Interest by 0.70%, Joins Sub-6% Club
According to Canstar's report, 42 lenders have reduced their fixed rates in the last month, with the lowest fixed rate on the market being 4.99% on a three-year term offered by SWS Bank.
China Agrees To Lift Ban On Australian Rock Lobster Before Chinese New Year
In 2019, China was the destination for AU$700 million worth of rock lobsters, making up 98% of Australia's exports, and with the ban in place, Australia struggled to find both domestic and international markets for Southern Rock Lobster.
Is Israel Following International Law In Gaza Attacks, Asks Australia Minister
"The bombing of schools and the bombing of hospitals, I think, are not complying with international law," the Education Minister told AAP. "Enough blood has been spilled and it's time for the suffering and starvation and the slaughter that's happening in Gaza to end."
Labor Govt Introduces New Legislation To Tackle Growing Cyber Crime
Under the legislation, the cyber companies who were victims to ransomware attacks and paid hackers to regain the data, will have to report the payment to authorities.
RBA's Hauser Justifies Private Briefings, Says They Enhance Insight Into Financial Sector Dynamics
RBA Deputy Governor Andrew Hauser argued that a central bank needed to build strong bonds with business, unions, government organizations and the financial sector.
Qantas To Pay AU$120 Million In Fines And Compensation For Selling Tickets On Cancelled Flights
Australia's largest airline had reached an agreement with the ACCC in May to implement a remediation program, agreeing to compensate nearly 86,000 customers who were affected by the airline's misleading conduct.
Australia Sees 29.3% Surge In Property Values As 200 Suburbs Join 'Million-Dollar Club': Report
Sydney and Brisbane saw the highest number of new suburbs reporting homes and units priced above AU$1 million, with 46 new suburbs added in each city.
Former Labor MP Fatima Payman Set To Launch New Political Party
Payman emphasized that the intention was not to launch a "Muslim" party. Instead, the campaign will focus on broader issues, while Gaza and the Middle East will be addressed under "foreign affairs," she said.
Australia's Parliament House Raided By Anti-Corruption Agency In Connection To DPS Probe
"The commission can confirm it carried out operational activity today at Parliament House," the NACC spokesperson said in a statement. "This was in relation to an ongoing investigation."
Origin Energy Withdraws From Australia's Green Hydrogen Project, Citing High Production Costs
"It has become clear that the hydrogen market is developing more slowly than anticipated, and there remain risks and both input cost and technology advancements to overcome," Origin chief executive Frank Calabria said.
Queensland Premier Pledges State-Owned Energy Provider To Lower Electricity Bills If Re-Elected
Treasurer Cameron Dick put the cost of setting up the energy retailer at about AU$1.4 million adding that it would help people save up to 6% of their energy bills.
Australia's August Retail Sales Surge 0.7%, As Warm Weather Fuels Seasonal Purchases
The latest figures boosted Australian dollar by 0.25%, bringing it to AU$0.6930, just shy of its 1.5-year peak of AU$0.6943.
RBA Bans Canadian Investment Bank From Confidential Briefings Following Leak On Cash Rates
Treasurer Jim Chalmers responded the government cannot not regulate agreements between the Reserve Bank and the commercial banks. "But I do share the concern .... that some elements of confidentiality may have been breached, and I'm sure that our colleagues at the bank are working through what that means for the way that they conduct those briefings and who's involved."
UN Global Expert On Muslim Affairs Aftab Malik Named Australia's Islamophobia Envoy
Malik's appointment is expected to enhance the AU$90 million allocation toward to tackle the impact of the Hamas-Israel conflict in Australia.
Treasurer Chalmers Says Low Spending Helped Final Budget Achieve AU$15.8B Surplus
Besides low spending, the government stated strong commodity prices and a larger income tax as contributing to the two consecutive surpluses. The government also saved by paying less to the states and territories.
Trump Promotes $100K 'Swiss Made' Luxury Watches Branded With His Name
The watches are the latest products Trump has introduced since the start of his third campaign including Bibles, sneakers, photo books and cryptocurrency.
Albanese Vows To Crack Down On Supermarket Oligopoly, Ensure Fair Prices For Australians
The Supermarkets Inquiry Interim Report by the Australian Competition and Consumer Commission (AICCC) found that the country's biggest grocery chains, Coles and Woolworths, were acting as "oligopoly," limiting the incentive to compete on price.
Australia And China Must Collaborate On Economic Stability And Growth, Says Treasurer Chalmers
Jim Chalmers, who was the first Australian treasurer to visit Beijing in seven years, said the two countries will cooperate on investment, trade and decarbonization.
Harris Proposes 'America Forward' Plan, Offers Tax Credits To Boost Domestic Manufacturing
Positioning herself as a "capitalist" who believes in "free and fair markets," Harris said her policies are pragmatic rather than ideologically driven.
RBA Cautions Borrowers Against Excessive Debt When Interest Rates Drops
The Financial Stability Review reported a rising number of mortgage holders, who were defaulting on home loans and more people opting to sell their homes to escape repayment.
Australia Sees Job Openings Plummet By 5.2% For 9th Consecutive Quarter
The job openings fell by 17.1% from 2023 at a seasonally adjusted 329,900, which was the lowest drop since August 2021. However, the rate was 45.1% higher than the period before the pandemic struck.
Albanese Leaves Door Open For Potential Revisions To Negative Gearing Amid Housing Debate
"I'm sure the public service are looking at policy ideas. That's because we value them. But we have our housing policy. It's out there for all to see. What our government is considering is fixing housing supply by getting our legislation through the Senate. That's what we're considering," Australian Prime Minister Anthony Albanese said.
US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs
Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.
Vanguard Australia Fined AU$12.9 Million For Misleading Green Investment Claims
Between August 2018 and February 2021, the securities firm claimed to conduct ESG screens for its $1.1 billion Ethically Conscious Global Aggregate Bond Index Fund. However, the federal court found: "Approximately 74% of the securities in the Fund by market value were not researched or screened against applicable ESG (environmental, social, and governance) criteria."
Australian Government's Nod For Expanding 3 Coal Mines In NSW Angers Climate Advocates
Greens environment spokeswoman Sarah Hanson-Young criticized the move calling it "wrong and irresponsible," adding that it was a "climate-wrecking coal mines under laws they know are broken."