Category: News
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Opposition to challenge Government on citizenship
The Opposition party is being put under pressure to oppose the Federal Government’s bill to tighten requirements for Australian citizenship, with claims that the bill will foster xenophobia. Federal Labor MPs have put pressure on party leadership, who have not yet declared their intentions, to oppose the bill that was tabled yesterday. The bill proposes a…
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Channel Ten enters voluntary administration
Australian free-to-air network Ten has gone into voluntary administration. The decision comes after its main financial supporters (James Packer, Lachlan Murdoch, and Bruce Gordon) refused to provide a $250 million loan to replace the $200 million overdraft which the network owes to the Commonwealth Bank of Australia. The three billionaires backed out due to the…
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Unemployment rate drops to 5.5% as jobs rise
The national rate of unemployment fell 0.2% to a final figure of 5.5% for the month of May, exceeding market expectations of the rate remaining steady through the month. The rate of job creation for the month of May also exceeded expectations, with the 42,200-strong rise in full-time jobs far outstripping the predicted 10,000 rise.…
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Telstra confirms 1, 400 job cuts to save costs
Telstra has officially confirmed that around 1, 400 jobs are to be cut across Australia over the next six months as part of a large-scale cost-saving effort by the telecoms giant. Telstra CEO Andy Penn has blamed “the increased competitive dynamics of the market and the acceleration of the rollout of the NBN (National Broadband Network)”…
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Uber CEO stands down amid claims the company is collapsing
The Chief Executive Officer of transportation giant Uber has given up his post this week. In an office email sent on Tuesday afternoon, Travis Kalanick said that “he would take an ‘unspecified’ leave of absence from the company” and conceded that he needed to improve his leadership skills. The CEO has been dogged by accusations of inadequate leadership throughout…
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Is there a cool change coming to Australian housing market?
Australia could be looking at a cool change in the housing market, according to data compiled by Core Logic. Levels of auction clearance rates in capital cities have continued to fall, with a preliminary capital city clearance rate of 71.8% achieved over the last week. If trends continue as they are, this rate could be pushed down to 70%…
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Coke Zero to be phased out and replaced with Coke No Sugar
On June 16, Coca-Cola Amatil will launch their new zero-sugar product in Australia and New Zealand. The new beverage, Coke No Sugar, is being trialled in these two countries as well as Mexico ahead of its US release. With the rise of healthy eating, the soft drink giant has released several low-calorie alternatives to its…
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Ex-intelligence chief warns about China in Australian politics
The former chief of US national intelligence, James Clapper, has given a stark warning to Australia about Chinese influence in domestic politics, likening it to the alleged Russian interference in the US. Giving a speech in Canberra, Mr Clapper was clear in his assertions that Australia needed to be “very wary” of outside influence from…
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Cyclone Debbie disruption causes trade surplus fall
The Australian trade surplus for April has fallen to just $555 million following a steep drop in coal export levels as a result of disruption caused by Cyclone Debbie. From a $3.1 billion surplus being recorded for the month of March 2017, April was expected to see a decline in surplus to around $2 billion,…
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Labor offers partnership with government on climate change
Labor has extended an offer of a co-operative partnership with the Federal Government in order to respond to a major review of energy security and climate change policy. Chief Scientist Alan Finkel’s review of energy and climate change policy in Australia will be formally presented on Friday, with the report set to encourage a low-emissions target…