The Labor government will lift the migration cap to a record 195,000, extend the relaxation of restrictions for students and increase post-study works rights to ease widespread critical skills shortages. These changes are among the 36 outcomes from the Jobs and Skills ending on Friday at Parliament. The summit brings together industry leaders, employers, unions…
Labor Government Raises Migration Cap to Tackle Skills Shortages
Rising Energy Prices Could Fuel Social Unrest Across Europe This Winter
LONDON—Europe’s wealthiest nations face rising risks of civil unrest over the winter, including street protests and demonstrations, due to high energy prices and mounting costs of living, according to a risk consultancy firm. Both Germany and Norway are some of the developed economies experiencing disruptions to everyday life because of labor actions, a trend already…
Russian Banks Lost $25 Billion in First Half, Central Bank Tells RBC
Russia’s banks lost a combined 1.5 trillion rubles ($24.95 billion) in the first six months of 2022, a top official at Russia’s central bank said on Friday in an interview with the RBC business daily. It is the first time the regulator has disclosed banking sector earnings since Russia sent troops into Ukraine in February….
World Food Price Index Falls for 5th Month in August
PARIS—The United Nations food agency’s world price index fell for a fifth month in a row in August, further from all-time highs hit earlier this year, as a resumption of grain exports from Ukrainian ports contributed to improved supply prospects. The Food and Agriculture Organization (FAO) said on Friday that its price index, which tracks…
Australia and NZ ‘Deeply Concerned’ at UN Findings of Chinese Human Rights Violations in Xinjiang
The foreign ministers of Australia and New Zealand have expressed their deep concern at the findings and conclusion of the new United Nations (U.N.) report on human rights concerns in Xinjiang and supported calls for China to respond. The 48-page report, published on Sept. 1 by United Nations Human Rights Commissioner Michelle Bachelet, found evidence…
Anti-Racism Narrative Becoming ‘Cult-Like’: Australian Judge
An Australian judge has warned of a “new ‘anti-racism’ religion” and says overuse of the term “racist” is unhelpful and dishonest. Speaking at the 2022 Women Lawyers’ Drinks on Aug. 26, Northern Territory Supreme Court Justice Judith Kelly said while past Australian governments had racist policies, “the fact that some contemporary problems have been caused…
Protests Over Decision to Cut Pay of Unvaccinated Teachers
Hundreds of protestors took the streets on Aug. 31 against a decision by the Queensland state government to dock the pay of unvaccinated teachers. A week earlier, Education Queensland finalised disciplinary action against 900 teachers in the state (out of 54,000 educators) who will see their pay cut by $25 to $90 per week over…
Papua New Guinea Seeks Security Deal With Australia
Papua New Guinea (PNG) would like to establish a security treaty with Australia as security concerns led by China’s push into the South Pacific continue to grow. PNG Foreign Minister Justin Tkatchenko told the Australian Broadcasting Corporation (ABC) on Aug. 29 that his country is seeking to negotiate a security treaty with Australia and potentially New Zealand….
How Much Credit Should History Give Mikhail Gorbachev?
Commentary Upon meeting Mikhail Gorbachev for the first time in 1984, just prior to his becoming general secretary of the Communist Party of the USSR, then British Prime Minister Margaret Thatcher described him as “a man we can do business with.” Over the course of the 1980s, the world would come to know Gorbachev, the…
Australia Will Need $100 Billion a Year and 1 Million Workers to Reach Net-Zero: Modelling
A university partnership estimates the Australian government will need to invest over A$100 billion (US$68 billion) a year to successfully reach net-zero, with costs to substantially increase year-on-year until the slated target of 2050. The group also estimated that governments would need to find over one million skilled workers to assist with decarbonisation efforts. Net Zero…
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