Tag: Australian
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Reserve bank leaves interest rates at 1.5%
In an unprecedented move, the Reserve Bank has left interest rates at 1.5% for the seventh month in a row. This was the first meeting of 2017 and it has surprised economists that the rates have stayed the same despite concerns about the housing market and the growing economy. The bank’s governor Philip Lowe has…
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Australian MPs, police, and judges targeted in email hack
The private email accounts of thousands of Australian government officials, Australian Federal Police, judges and members of Parliament have been exposed in a massive data breach at Yahoo. The hack, which is thought to be the biggest in the world, impacted one billion accounts. The ABC reports that the private data of 3, 400 high profile…
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Aussie Dollar has biggest fall in five years
The Australian dollar has experienced a loss of 2.34% against the US dollar in a single day. This is the largest percentage loss in one day since September of 2011, almost half a decade ago. At 7am this morning, the Australian dollar was trading for US74.85c, its lowest level in seven weeks. The significant fall…
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Bill passed to legalise medicinal marijuana in Australia
Today the Australian government passed a medical marijuana bill to allow the access of medicinal cannabis for people suffering from serious illness. Products such as cannabis oil can be used to treat nausea during chemotherapy and other treatments. Health Minister Sussan Ley said, “This is the missing piece in a patient’s treatment journey and will…
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Changes Allow Breastfeeding in Parliament
‘No member, male or female will be exempt from participating fully in the operation of the parliament while caring for a baby’ according to new rules for a family-friendly parliament. The amendment to the law, that passed earlier this week, saw a much-needed change to The Australian Governments archaic rules regarding breastfeeding. Under previous parliamentary…