Australia

Is the grass always greener on the other side of the fence? Peek over the pickets and find out. This vast country is affluent, multicultural and...
  • Cigarette price increase in Australia just DAYS away
    Daily Mail

    Cigarette price increase in Australia just DAYS away

    The price of cigarettes has gone up in the US, but Australia is still the most expensive place to buy smokes in the world. New York City Mayor Bill de Blasio raised the cost of a pack of cigarettes from $10.50 to $13, the equivalent of $AU17, to take effect this month. With packs rising to $13, they were still no match for a packet of cigarettes in Australia after costs were pushed up to nearly $40 in this year's Budget. Treasurer Scott Morrison announced smokers would be slugged even more for a pack of cigarettes on September 1 this year, in the second of four consecutive 12.5 per cent tobacco excise hikes. The tax hike is expected to result in a price increase of about $3 for a typical packet. 

  • What You Must Know About Australia and New Zealand Banking Group Limited’s (ASX:ANZ) ROE
    Simply Wall St.

    What You Must Know About Australia and New Zealand Banking Group Limited’s (ASX:ANZ) ROE

    I am writing today to help inform people who are new to the stock market and want to learn about Return on Equity using a real-life example. With an ROERead More...

  • Arinn Young scores 31 points to lead Canada past Australia 82-74 in overtime
    BayToday.ca

    Arinn Young scores 31 points to lead Canada past Australia 82-74 in overtime

    HAMBURG — Make it two straight wins for the Canadian women's squad at the World Wheelchair Basketball Championships. Arinn Young led the way with 31 points and 15 rebounds as Canada improved to 2-1 with a 82-74 win in overtime against Australia on Sunday. Cindy Ouellet of Quebec City added 21 points, while Rosalie Lalonde of Saint-Clet, Que., and Tamara Steeves of Mississauga, Ont., had 14 and 13 points, respectively. "That will be one of the all-time favourite basketball games I will ever play in. I've never felt so confident in my teammates. And I just think that was such a good family win. All of us fully took part in that game and came together to pull it off," said Young. Cobi Crispin paced

  • Canada grants Aussie man refugee status
    Daily Mail

    Canada grants Aussie man refugee status

    An Australian man has reportedly been granted refugee status in Canada amid fears for his life after he infiltrated the Bandidos bikie gang. Canada's Immigration and Refugee Board (IRB) granted Stevan Utah refugee status after hearing evidence about how he had acted as an undercover informant for the Australian Crime Commission (ACC) during an operation against bikie gangs in 2006, the ABC reported on Monday. The decision by the IRB is considered highly unusual given Mr Utah comes from Australia, which while a democratic country has been found to be lacking when it came to protecting him. Mr Utah, a former soldier, fled Australia after his cover was blown and Bandidos members tried to kill him

  • UK fintech 'unicorn' Ebury heads to Australia
    Financial Review

    UK fintech 'unicorn' Ebury heads to Australia

    Billion-dollar British fintech firm Ebury has set up shop in Sydney, having identified the Australian market as a good foothold for southern hemisphere expansion. The company, which was founded in London in 2009 by Spanish entrepreneurs Salvador Garcia and Juan Lobato, helps small businesses transact internationally by offering tailored financing solutions which can usually only be accessed by major corporations through the big banks. It offers international payments in over 140 currencies, as well as foreign exchange risk management strategies and import lending facilities. "We are excited about the opportunity in Australia, and see it is a gateway country for the Asia Pacific and a key market in our ongoing global growth strategy.

  • Reuters

    Australia's Gateway Lifestyle backs Hometown offer

    Australian retirement village owner Gateway Lifestyle on Monday recommended shareholders accept Hometown America's A$695 million ($508.5 million) takeover offer, after a pursuit involving a rival suitor. The A$2.25 offer price is at a slight discount of 0.4 percent to Gateway's last close. Later in June, Hometown upped its price to A$2.35 per share and then to A$2.30 to reflect a 5.35 Australian cents dividend that Gateway had promised to pay out during the bidding contest.

  • Reuters

    Australia's Woolworths annual profit up 13 pct, flags slow start to fiscal 2019

    Australia’s Woolworths Ltd said on Monday that full-year underlying profit rose 12.9 percent as massive price cuts attracted more shoppers to its stores, but added that sales so far in fiscal 2019 had slowed. The country’s biggest grocery store chain reported an underlying net profit, which excludes one-offs, of A$1.61 billion ($1.18 billion) for the year to June, compared with A$1.42 billion a year ago. Woolworths has been cutting shelf prices to lure back shoppers from rival Wesfarmers Ltd's supermarket chain Coles and discounters like Germany's ALDI Inc since closing a loss-making hardware joint venture that had forced it to charge more to maintain margins.

  • Human rights groups set deadline to get all refugee children off Nauru
    the Guardian

    Human rights groups set deadline to get all refugee children off Nauru

    A coalition of some of Australia's biggest humanitarian and human rights organisations have given the federal government a deadline to get all asylum seeker and refugee children off Nauru, as the health and safety crisis on the island worsens. World Vision, alongside more than 30 other organisations and advocacy groups, has called for parliament to bring the more than 120 children and their families to Australia or settled in a safe third country by Universal Children's Day on 20 November. It follows a unanimous motion passed by the Australian Medical Association's federal council on Saturday, calling for the government to “act urgently to guarantee the health and wellbeing” of the children and their families.

  • The Economic Times

    It would be bookable offence if India were to lose in England, Australia: Ian Chappell

    Australian cricket great Ian Chappell feels India losing back-to-back Test series -- in England and against a depleted side Down Under -- would be a "bookable offence". Former captain Chappell also said the next few months will be a defining period in Virat Kohli's captaincy career. Prior to reaching the UK, India had a glorious opportunity to defeat two heavyweights in England and Australia in consecutive away Test series. Had they done so, it would have been a laudable achievement," Chappell wrote in 'ESPNcricinfo'. "Now Kohli's team are in danger of not only wilting tamely against England but also of providing a depleted Australian team with a confidence boost, to the point where they will

  • Mercurial quick Johnson retires from cricket
    Omnisport

    Mercurial quick Johnson retires from cricket

    Former Australia fast bowler Mitchell Johnson has announced his decision to retire from all forms of cricket.

  • Australia ramps up aid to farmers as drought bites
    AFP

    Australia ramps up aid to farmers as drought bites

    Financial aid for drought-stricken Australian farmers will be increased to Aus$1.8 billion (US$1.3 billion) as they endure the driest conditions in half a century, the prime minister said Sunday. Farmers in eastern states are struggling with extreme aridity that has turned green pastures into dust, with the economies of local towns also suffering. There is no set-and-forget," Prime Minister Malcolm Turnbull told reporters in the New South Wales town of Forbes.

  • Turnbull to Cap Power Prices Amid Dissent Over Energy Plan
    Bloomberg

    Turnbull to Cap Power Prices Amid Dissent Over Energy Plan

    Prime Minister Malcolm Turnbull has vowed to cap power prices in Australia in an urgent policy rejig aimed at winning over critics within his own party for the government’s energy plan. Amid reports he faces a revolt from backbench lawmakers over his National Energy Guarantee, Turnbull said the government would penalize power companies that failed to deliver lower prices. “If prices remain too high we will implement the toughest penalties until you are getting value for money,” Turnbull said.