Economy

Australia reports September trade balance of AU$12,444 million

According to the official ABS report, Australia's exports of goods and services increased by 7% (AU$3,987 million) in September, mostly due to a surge...

Australian PM announces AU$800M buyback and renovation scheme for fl...

Anthony Albanese announces scheme to buy back homes in flood-prone areas

Inside InComm Payments’ acquisition of The Card Network

InComm Payments to acquire The Card Network for undisclosed amount.

Australian government to invest AU$25B in clean energy; check detail...

Australian government to invest AU$25B in clean energy; check details

Treasurer Chalmers presents his first budget - Details inside

Treasurer Jim Chalmers addressed the nation today (25 October) as he presented Labor’s first federal budget since 2013.

World’s biggest battery electric truck makes its way to Australia

World's largest battery electric vehicle, Sandvik's TH665B too makes its debut in Australia via IMARC 2022.

Tourism Australia launches global campaign to attract travellers

Tourism Australia launches global campaign to attract travellers

Californian technology giant Pixis enters Australia

Californian technology giant Pixis enters Australia

Australia aims for ‘zero extinctions’, promises to conserve land

The Australian government has laid down a ‘Threatened Species Action Plan’. The plan features ways to safeguard the threatened species and natural ha...

Australia’s unemployment rate stays steady at 3.5%: ABS

Even after the creation of 900 additional jobs in September, the unemployment rate remained at 3.5% for the month in Australia.

EVs account for only 3.39% of new vehicle sales in Australia: Report

A recent report by the Electric Vehicle Council states only 3.9% of total vehicle sales comprised of EVs. Australia is lagging compared to other count...

Australia announces action plan to halt species extinction crisis

Highlights:,Australian government releases a 10-year plan to prevent endangered species extinction.,The list of endangered Australian wildlife now has...

Wheat cultivation rapidly falls due to global warming: Study

Wheat cultivation rapidly falls due to global warming says study

Australia’s retail power bills to rise by 35% next year?

In a recently held energy and climate summit, it was highlighted that Australia’s retail power bills might increase by 35% next year.

Australia’s digital wellbeing ranking drops: Research

Australia’s digital wellbeing ranking drops from 17 to 35 position according to a research

Brookfield Business Partners inks deal to sell Westinghouse; check d...

Brookfield Business Partners has announced to sell its nuclear technology services operation, Westinghouse Electric Company.

Australia returns new marine parks and other lands to Indigenous own...

The Australian government said to co-manage newly built marine parks in WA with Indigenous people. Australia has given back about 6,017 square miles o...

Resource sales in Western Australia bounce back to pre-pandemic leve...

As per Mineral and Petroleum Review 2021-22, oil and gas industry has been the backbone for resource sales in Western Australia in the given period.

Endava (NYSE:DAVA) signs agreement to acquire Australia’s Lexicon

NYSE-listed Endava has acquired Australian digital solutions firm, Lexicon.

Housing loan commitments decline 3.4% in August: ABS

Australian Bureau of Statistics discloses a 3.4% fall in the value of housing loan commitments in August 2022. Owner-occupied loans are 36% higher, an...