Tag: International

Federal Police Launch Special Ops to Protect Victims of Largest Cyber Hack in Australian History

September 30, 2022
Asia & PacificAustraliaAustralian Federal PoliceBusiness & MarketsCompaniesInternationalOptusTechTech NewsWorld
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The Australian Federal Police will move to protect 10,000 customers whose valuable data was released online following the largest cybersecurity breach in the country’s history. “Operation Guardian” is part of a series of efforts by law enforcement, business entities, and the government to deal with the data breach of telecommunications giant Optus, which affected up to…

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Queensland Scraps Multi-Jurisdiction Land Tax Proposal

September 29, 2022
Annastacia PalaszczukAsia & PacificAustraliaBusiness & Marketseconomic policieseconomyGlobal Real EstateInternationalLand TaxQueenslandreal estateWorld
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Queensland Premier Annastacia Palaszczuk has shelved a contentious proposal to introduce a nation-first multi-jurisdictional land tax after an apparent lack of support from her state counterparts. The proposal would have seen Queensland charge investors land tax based on the value of all their property holdings across the country, not just within the state, which is…

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UK Tax Cuts the Right Medicine for Productivity: Economist

September 29, 2022
AustraliaBusiness & Marketseconomic policieseconomyEuropeInternationalJohn HumphreysKwasi Kwartengliz trussUKWorld
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As UK Prime Minister Liz Truss’ tax cuts come under fire from financial institutions and media outlets, one Australian economist says it is a step in the right direction, but more needs to be done to curb spending. The Truss government is backing tax cuts and reductions to stamp duty (a form of property tax)…

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NATO Issues Warning About Nord Stream Pipeline ‘Sabotage’

September 29, 2022
Business & MarketsenergyEuropeInternationalNATONord StreamRussia-Ukraine WarWorld
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The North Atlantic Treaty Organization (NATO) has formally labeled the damage to the Nord Stream 1 and 2 pipelines as “acts of sabotage.” “All currently available information indicates that this is the result of deliberate, reckless, and irresponsible acts of sabotage,” NATO said in a Sept. 29 statement. “These leaks are causing risks to shipping and…

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International Container Shipping Rates Plummet

September 29, 2022
Business & MarketsChinaeconomyfreight ratesInternationalMarketsShipping ContainersWorld
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International container shipping rates have plummeted more than 60 percent year-over-year, with industry insiders citing the decline in global cargo volume as the main reason, as well as the shipping market gradually recovering from the pandemic. According to the Drewry World Container Index, a UK-based maritime research and consulting service, the composite index for 40-foot…

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Advanced Economies Have ‘No Confidence’ in China’s Xi Jinping: Global Survey

September 29, 2022
CCPChinaChinese RegimeFinance & Business TiesGlobal ExpansionInternationalInternational RelationsSpecial TopicsSurveyThreat from Communist ChinaUS-China relationsWorldXiXi Jinping
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Public opinion of China has plummeted among the world’s most advanced economies under the reign of Chinese Communist Party (CCP) leader Xi Jinping. A new global survey by the Pew Research Center found that the opinions of large majorities in the world’s developed nations had turned “precipitously more negative” regarding China due to the leadership…

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World Bank’s Malpass Sees Risk of Stagflation, Likely Recession in Europe

September 29, 2022
Business & MarketsDavid Malpasseconomic policieseconomyenergyEuropeglobalinflationInternationalMarketsrecessionRussia-Ukraine WarstagflationWorld
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WASHINGTON—World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia after its invasion of Ukraine, prolonging the risk of stagflation, or a period of low growth and high inflation. In a speech at Stanford University, Malpass said there was an increased likelihood of…

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Europe Ramps up Energy Security After Suspected Sabotage

September 29, 2022
Business & Marketsenergy securityEuropeInternationalSuspected SabotageWorld
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BRUSSELS—European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe’s energy infrastructure and prompted the EU to warn of possible retaliation. Some European officials and energy experts have said Russia is likely to…

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Queensland State Leader Guarantees No Job Losses Under $62 Billion Clean Energy Transition

September 29, 2022
Annastacia PalaszczukAustraliaBusiness & Marketsclean energyeconomic policiesenergyInternationalnet zeroQueenslandWorld
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Queensland Premier Annastacia Palaszczuk has moved to assuage concerns that Australians could lose jobs under her government’s ambitious clean energy plan. The Labor government’s A$62 billion (US$39.59 billion) plan includes a promise to create 100,000 new jobs by 2040. “Every worker who’s currently working at a coal-fired power station will absolutely be guaranteed a job as…

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New Package Approved for Australian Veterans Support

September 29, 2022
ADFAustraliaAustralian Defence ForcesAustralian veteransdefence familiesInternationalVeteran AffairsWorld
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Australian defence force families and veterans undergoing rehabilitation and full-time study will continue to receive higher welfare payments after the Defence, Veterans’ and Families’ Acute Support Package Bill 2022 passed the Senate on Sept. 28. The Scheme, which expired in July 2022, will now be extended until July 2023 and backdated for August and September. Matt…

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