Australia

Australia pauses rate hikes to assess tightening impact, inflation in focus

In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively

Australia to ban TikTok on government devices amid security concerns

Australia's federal government will ban video-sharing application TikTok on govt devices over fears that the application's security could be compromised

AI-based investment advisory app JARVIS Invest forays Australian market

AI-based investment advisory platform JARVIS Invest on Friday announced its foray in the Australian market to tap into the country's technology and investment ecosystem. The city-based firm, in a statement, said the expansion into Australia, with Melbourne as JARVIS Invest's Oceania headquarters, is a key milestone in its global expansion plans. The company said it has launched 'Jarvis AI Analytics', a tech company in Melbourne, which will primarily identify potential institutions, fund houses, banks, brokers with whom the technology will be shared. With the support of Australian investors, JARVIS Invest will be able to deploy its AI technology to invest in India and Australia equity markets, capitalising on market opportunities and delivering superior returns for its clients, it said. The company's entry Down Under comes after its recent expansion in the Middle East for its B2B enterprise product. Founded by Sumit Chanda in December 2016, Jarvis Invest offers bespoke equity portf

Australia takes major steps toward making big polluters reduce emissions

The Australian government took a major step toward implementing a key climate policy that would force chief greenhouse gas polluters to reduce emissions, with the minor Greens party pledging their support on Monday. The center-left Labour Party administration said the so-called Safeguard Mechanism reforms are essential to Australia reaching its target of reducing its emissions by 43 per cent below 2005 levels by the end of the decade. The reforms would create a ceiling on the nation's emissions and force Australia's 215 biggest polluting facilities to reduce their emissions over time. The Climate Council, a leading climate communicator, described the reforms as the first Australian legislation in a decade that would regulate greenhouse gas pollution. With the support of the Greens' 11 senators, the government only needs the backing of two unaligned or minor party senators to get the reforms through the upper chamber. Greens leader Adam Bandt said a hard cap on emissions would mean

Western Australia to improve ties with India, focus on green tech: Minister

Australian state 'uniquely placed' to work with India for energy transition, says Stephen Dawson

Western Australia in talks with Indian airlines for direct flights to Perth

The Western Australia government is in discussions with Indian carriers for direct flights between Indian cities and Perth. India is one of the largest tourism markets for Western Australia, which also has a substantial Indian diaspora. Deputy Premier of Western Australia and Tourism Minister Roger Cook on Tuesday said discussions are happening with Air India, Vistara and IndiGo on starting direct flights between India and Perth. The Western Australia government and Perth airport are discussing the possibilities of what can be offered to Indian carriers, he said at a media briefing here. The tourism market of Western Australia is booming, Cook added.

Universities race to recapture international students to shore up revenue

In Australia, where education is the fourth-biggest export, more than 28,000 Chinese returned to universities last month, with another 35,000 visa holders from the country still eligible

US, UK, Oz leaders unveil nuclear submarine deal to counter China

The programme will cost up to A$368 billion ($245 billion) over the next three decades, a defence official said on Tuesday, the country's biggest single defence project in history

US, Australia and UK ink submarine deal to counter Chinese aggression

The United States, Australia and the United Kingdom has announced a nuclear-powered submarine deal, a step aimed at countering the Chinese aggressive behavior in the Indo-Pacific region. The announcement was made after the leaders of the three countries attended a summit meeting in San Diego on Monday and asserted that the move is to keep the Indo-Pacific region free and open. With the support and approval of the Congress, beginning in the early 2030s, the United States will sell three Virginia-class submarines to Australia with the potential to sell up to two more if needed, jumpstarting their undersea capability a decade earlier than many predicted, Biden said in San Diego with Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak. This state-of-the-art conventionally armed nuclear-powered submarine will work -- that will combine the UK submarine technology and design with the American technology, he said. Australia's future SSN, which Biden described

Flood water inundates Australia's Burketown, crocodiles lurk underneath

With major flooding still occurring in Burketown and the Gregory River, the police force in the Australian state of Queensland reminded residents to limit movement in due to unseen hazards

India, Aus to conclude talks for comprehensive free trade agreement soon

India and Australia have agreed to conclude the negotiations for a comprehensive free trade agreement "as soon as possible" as there is huge potential to enhance bilateral commerce in the next five years, according to a joint statement issued on Sunday. The statement was released after the meeting of Commerce and Industry Minister Piyush Goyal and Australia's Minister for Trade and Tourism Don Farrell here on March 11. Both countries have already implemented an economic cooperation and trade agreement (ECTA) in December 2022 and are now negotiating to widen the scope of that pact into a comprehensive economic cooperation agreement (CECA). "Ministers look forward to concluding CECA as soon as possible," the statement said. The CECA will create new employment opportunities, raise living standards and improve the general welfare in both countries, it added. The ministers also highlighted the importance of a smooth and timely clean energy transition as both countries work towards ...

PM Modi stresses on the rich cultural connect between India, Australia

PM Modi said that during his lunch with Australian counterpart Anthony Albanese, he came to know how one of Farrell's teachers had migrated from Goa to Australia

Top headlines: India-Australia trade pact, SVB collapse, and more

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India, Australia to partner for mineral projects to develop supply chain

Ministers from the two countries have also agreed to deepen cooperation and extend their existing commitments to the India-Australia Critical Minerals Investment Partnership

India, Australia eye early conclusion on comprehensive trade pact

India, Australia to increase cooperation in critical minerals sector

India, Australia pledge to boost economic and security relations

After the first India-Australia summit talks, Albanese said both sides are looking at firming up the CECA by 2023

When India invests in Aus, it will secure own supply chain: Madeleine King

We want to work with like-minded partners like India, who is a strategic partner through QUAD, says Madeleine King, Minister for Resources and Minister for Northern Australia

Australian govt will provide safe environment to Indian people: Prez Murmu

President Droupadi Murmu on Friday expressed confidence that the Australian government would take all necessary steps to provide a safe and positive environment to the Indian community there. The president's remarks during an interaction with Australian Prime Minister Anthony Albanese came following reports of attacks on temples in Australia over the past few weeks. Welcoming Albanese and his delegation to the Rashtrapati Bhavan, President Murmu said, "The Indian community in Australia is known for being hardworking and peace-loving, with entrepreneurial skills." She expressed confidence that the Australian government would take all necessary steps to provide a safe, secure and positive environment to the Indian community in Australia," according to a statement issued by the Rashtrapati Bhavan. The president said India and Australia enjoy a very friendly relationship. "The comprehensive strategic partnership between the two countries has given a boost to the bilateral engagements,

India, Australia sign audio-visual co-production pact for filmmakers

India and Australia on Friday signed an audio-visual co-production agreement that seeks to offer filmmakers financial incentives amounting to up to 30 per cent of the expenditure incurred in the respective countries. The agreement was signed by Information and Broadcasting Secretary Apurva Chandra and Australian High Commissioner Barry O'Farrell during the ongoing visit of Australian Prime Minister Anthony Albanese to India. Australia is the 16th country with which India has a co-production agreement that would benefit mainly small filmmakers keen on shooting movies, web series, advertisements or carrying out post-production work or visual effects in that country. "For all qualifying projects, the international film production company can claim a payable cash incentive of up to 30 per cent on qualifying expenditure in India, subject to a maximum of Rs 2 crore," Chandra told reporters here. Australia will also offer reciprocal benefits to Indian filmmakers shooting or engaged in ...

India-Australia to finalise economic cooperation agreement by this year

The MoUs were signed in sports and for audio-visual co-production, while terms of reference for solar taskforce were also exchanged between India and Australia