Oil prices continued to rise on Friday amid concerns about tightened supplies ahead of the European Commission’s (EC) proposal to ban Russian oil by the end of the year. Brent futures rose 84 cents, or 0.8 percent, to $111.74 a barrel by 0306 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 80 cents, or 0.7…
Oil Prices Jump Amid Persistent Supply Concerns, EU Proposal to Ban Russian Imports
Japan and US to Deepen Cooperation in Semiconductors, Energy Security
May 6, 2022
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Asia & PacificBusiness & Economyeconomic policieseconomyJapanRussia-Ukraine crisisThe United StatesUSWorld
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Japan and the United States agreed Wednesday to deepen cooperation in semiconductor supply chains and energy security amid the global supply constraints fueled by the ongoing Russia–Ukraine war. Japan’s Industry Minister Hagiuda Koichi met with U.S. Commerce Secretary Gina Raimondo in Washington on Wednesday to discuss Japan–U.S. partnership in semiconductors, export controls, digital economy, as…
SpaceX Brings 4 Astronauts Back to Earth After 6-Month Stint on International Space Station
A four-member team of astronauts launched to the International Space Station by SpaceX touched back down on Earth in the Gulf of Mexico on May 6. The return via a SpaceX Crew Dragon capsule came just one day after the group undocked from the space station following a six-month mission in which they conducted science experiments and did…
Labor Party Confusion Over Live Export Policy Throws Industry Into Disarray
May 6, 2022
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anthony albaneseAustraliaaustralian federal electionAustralian federal election 2022Business & Economycattle marketeconomic policiesInternationallive exportWorld
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The centre-left Australian Labor Party (ALP) has sent the live export industry into disarray after it appeared to back away from an earlier promise to ban live sheep exports. Labor leader Anthony Albanese said on May 6—just a day after a Labor spokesperson confirmed the ban—that the opposition would not put a timeline on when…
Meta Deliberately Shut Down Facebook Pages to Pressure Australian Government
May 6, 2022
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AustraliaBig Tech, Censorship, and SocialismBusiness & EconomyCompaniesCrime and IncidentsFacebookFacebook NewsFeatured TopicsInternationalMark ZuckerbergMedia & Big Techmetanews banSheryl SandbergSocial MediaTechTech NewsUSUS NewsWorld
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Meta’s sweeping news ban across Australia in early 2021, which saw the Facebook pages of non-profits and government entities also shut down, was a deliberate ploy by the tech giant’s top brass to gain leverage during heated negotiations over an impending media payment law. The U.S.-based Whistleblower Aid revealed on May 5 that it had…
Meta Deliberately Shut Down Major Facebook Accounts to Strong-Arm Australian Government
May 6, 2022
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AustraliaBig Tech, Censorship, and SocialismBusiness & EconomyCompaniesCrime and IncidentsFacebookFacebook NewsFeatured TopicsInternationalMark ZuckerbergMedia & Big Techmetanews banSheryl SandbergSocial MediaTechTech NewsUSUS NewsWorld
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Meta’s sweeping news ban across Australia in early 2021, which saw the Facebook pages of non-profits and government entities also shut down, was a deliberate ploy by the tech giant’s top brass to gain leverage during heated negotiations over an impending media payment law. The U.S.-based Whistleblower Aid revealed on May 5 that it had…
Meta Deliberately Shut Australian Facebook Accounts to Pressure Australian Government
May 6, 2022
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AustraliaBig Tech, Censorship, and SocialismBusiness & EconomyCompaniesCrime and IncidentsFacebookFacebook NewsFeatured TopicsInternationalMark ZuckerbergMedia & Big Techmetanews banSheryl SandbergSocial MediaTechTech NewsUSUS NewsWorld
0 Comment
Meta’s sweeping news ban across Australia in early 2021, which saw the Facebook pages of non-profits and government entities also shut down, was a deliberate ploy by the tech giant’s top brass to gain leverage during heated negotiations over an impending media payment law. The U.S.-based Whistleblower Aid revealed on May 5 that it had…
Rising Living Costs Are Top Concern for Australian Voters: Survey
May 6, 2022
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AustraliaAustralian Automobile AssociationAustralian National UniversityBusiness & Economyeconomic policieseconomyWorld
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Surging living costs have become the most concerning issue for Australian voters as the federal election is only a couple of weeks away, a new study has found. The Australian National University (ANU) has surveyed 3,500 voters and found that 64.7 percent of the respondents believed reducing living costs should be the top priority of…
Australian Prime Minister Warns Against ‘Teal’ Independent Vote
May 6, 2022
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Australiaaustralian federal electionAustralian federal election 2022Business & Economyeconomic policiesInternationalScott Morrisonteal independentsWorld
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Prime Minister Scott Morrison has continued to warn against voting for so-called “teal” independents—backed by the Climate 200 group—saying it would destabilise the government. “Over the last three years, in particular, we’ve had the strength of a majority government,” the prime minister told reporters on Perth on May 6. “If each and every day we…
Inflation Will Hit 6 Percent by the End of 2022: Reserve Bank of Australia
May 6, 2022
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AustraliaAustralian inflationBusiness & Economycash ratecost of livinginflationReserve Bank of Australiawages growthWorld
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After the most recent surge in inflation to 5.1 percent during the March quarter, vastly surpassing expectations, the Reserve Bank of Australia (RBA) has revised its inflation forecast to 6 percent over the second half of 2022. “As observed in other advanced economies, consumer price inflation in Australia has picked up markedly since the middle…
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