Just a day after OPEC+ roiled the White House with its decision to slash oil production by 2 million barrels per day, the cartel’s key decision-maker Saudi Arabia decided to hold crude prices steady for Asian markets and lower those for Europe, defying market expectations for increases. Saudi Arabia’s state-controlled Saudi Aramco left November prices…
Saudi Arabia Surprises Markets by Holding Oil Prices Steady Despite OPEC+ Cuts
‘Woke’ Corporations More Bark Than Bite: Australian Senator
October 6, 2022
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Asia & PacificAustraliaBusiness & MarketsCompanieseconomic policiesenergyInternationalMatt CanavanwokeWoke agendaWorld
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Nationals Senator Matt Canavan is calling on political leaders to stand up to investment firms using their influence to pressure corporations to pursue “woke” objectives. “The problem with the corporate method of political decision-making is it concentrates decision-making in the hands of the few and wealthy. The beauty of democracy is that everybody, no matter…
CCP ‘Suppress the Truth and Spread Lies’ in Solomon Islands: Australian Think Tank
October 6, 2022
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Asia & PacificAustraliaAustralia-Taiwanccp threatChinaChina and TaiwanChina-Australia RelationsChinese RegimeInternationalInternational RelationsSolomon Islandssolomon islands-chinasolomon islands-taiwanThreat from Communist ChinaUS-China relationsWorld
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A new report from the Australian Strategic Policy Institute (ASPI) has revealed that Beijing is spreading false information in the Solomon Islands in an attempt to undermine its partnerships with Australia and the United States. The report entitled “Suppressing the Truth and Spreading Lies: How the CCP is influencing Solomon Islands’ information environment,” published on Oct. 5, examined…
Australian Foreign Minister Calls Out North Korea Missile Launches
The Australian government had called out the North Korean regime for launching ballistic missiles over Japanese territory for the first time in five years. Taking to social media, Foreign Minister Penny Wong said Australia strongly condemned the “launch of a ballistic missile over Japanese territory”, which she said was “another demonstration of reckless and unacceptable…
Antarctic Blast Hits New Zealand, Brings Spring Snow Across the Country
An Antarctic blast across New Zealand (NZ) has brought snow flurries across large areas of the country in spring, including in Christchurch and Wellington. The south of the country woke up to temperatures at near zero degrees Celsius, the coldest place being Te Anau at negative six degrees celsius. Christchurch experienced its first snowfall in…
Russia Takes Australian Government to Court Over Cancellation of Embassy Site
Russian authorities have taken Australia to court over the cancellation of a site slated for the construction of its embassy. The challenge was launched on Oct. 6 in the Federal Court of Australia with Russia’s lawyers arguing the local planning authority did not have power to terminate their lease for a site in Yarralumla. Lawyer…
Gazprom Confirms Flows to Italy via Austria Have Resumed
Russia’s Gazprom said on Wednesday that it is resuming transportation of Russian gas to Italy via Austria after the state-controlled energy company held up supplies over the weekend amid regulatory issues. In a statement, the company said that together with the Italian buyers, it had managed to find a solution to gas sales following regulatory changes in Austria…
New Zealand Raises Official Cash Rate by 0.5 Percent to 3.5 Percent, Considered 0.75 Percent Hike
October 5, 2022
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Asia & PacificAustraliaBusiness & Marketsinflationinterest rateInternationalofficial cash rateReserve Bank of New ZealandWorld
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The Reserve Bank of New Zealand (RBNZ) made its fifth consecutive 50 basis point hike, raising the cash rate from to 3.5 percent. The monetary policy committee had considered raising the official cash rate (OCR) by 75 basis points to combat 32-year high inflation of 7.3 percent, before ultimately agreeing that a 50 basis point…
Australia’s National Postal Service Sets 2050 Net-Zero Target
October 5, 2022
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AustraliaAustralia PostBusiness & MarketsCompaniesenergyInternationalMichael Shellenbergernet zeroWorld
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Australia’s national postal service will aim to reach net-zero by 2050, under a new sustainability road map released on Oct. 5. The move will make Australia Post the first government business enterprise to set a net-zero emissions target and will see the organisation roll out a series of initiatives aimed at decarbonising its operations. It…
NZ Media Has Lost the Public’s Trust After Becoming ‘Mouthpiece for the Government’: Former MP
Public trust in New Zealand media has fallen to a record low after the government’s funding of media organisations came “with strings attached” which caused people to view the media as a mouthpiece of the central government. The Public Interest Journalism Fund (PIJF), a $55 million (US$32 million) government fund established in February 2021, is…
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