World News by Wild Rose

Race delayed by two hours before being cancelled due to low visibility despite a sellout crowd at Phillip Island.

Australia’s Victoria state has approved the production license for a A$1 billion ($700 million) natural gas project to help avoid a forecast gas shortage.

Rio Tinto Group will spend $1.9 billion to expand its bauxite mining operations in northern Australia, with the development of a new major mine to replace production from depleting projects.

Australia’s growth will likely be slower than the 1.75% forecast in May’s budget, Australian Treasurer Jim Chalmers said Friday, as a series of rate hikes and rising inflation start to bite on the economy.

Journalist Will Murray describes how he and a bystander saved an SUV driver from his vehicle.

Class action could be first in Australia to blame social media for harming its users.

Australian liquefied natural gas exporter Santos Ltd. said production in the three months through September hit a quarterly record, as it increased output from two major projects.

Abuse, threats against Australian lawmakers are rising in a country where political violence has historically been rare.

BBC's Katy Watson describes what unfolded in Wangaratta as 43-year-old Brendan Nugent appeared before court over the alleged attack of Helen Haines.

Brendan Nugent's family say they have known Helen Haines, who remains in a critical condition, for more than 20 years.

A rural Australian town felt a mix of horror and disbelief on Tuesday after a highly respected lawmaker was gravely injured in what looked to be a targeted attack. Former nurse and midwife Helen Haines entered parliament in 2019, earning respect across the political divide for her efforts to stamp out corruption and bolster transparency. The 65-year-old was struck by a two-tonne SUV in Wangaratta on Monday afternoon.

Australia’s market watchdog is gathering information about Firmus Grid Ltd.’s failed initial public offering, though it hasn’t yet opened an official probe.

Treasuries are losing their luster as a portfolio hedge as increasing supply, persistent inflation and rising neutral rates weaken their appeal, according to Citigroup Inc.’s top Australia banker.

The independent politician is in hospital after what the prime minister says may have been a deliberate attack.

Australian ⁠lawmaker Helen Haines was in a critical condition on Monday after being deliberately struck by a ‌car outside her office in Wangaratta, northeast of Melbourne, police and Prime Minister Anthony Albanese said. “All of our thoughts are with Helen, ⁠her family, her friends, her team, and ‌her community at this extremely difficult time. We are praying ‌for her full recovery,” Albanese told ⁠a news ⁠conference. Victoria Police said a 43-year-old suspect had ‌been arrested after Haines was...

EQT AB has agreed to buy Australia’s Cleanaway Waste Management Ltd. through a unit, in a deal that values the firm at about A$9.3 billion ($6.5 billion) and makes it the latest local company to enter private hands after a period of share underperformance.

The number of homes auctioned in Australia dropped over the past week as interest rates at a 15-year high weigh on activity in the housing market.

Australia has proposed a switch to force social media platforms to let users turn off recommended content.

Demand at an Australian three-year bond auction surged to the highest since 2018 as traders bet the nation’s central bank is nearing the end if its interest-rate hike cycle.

Australia’s securities regulator temporarily barred Fidante Partners Ltd. from offering units in a credit fund, extending a clampdown on private credit investments amid concerns over risks to investors.

The flight from Italy to Australia was cancelled after passengers on the plane's previous journey complained of bug bites.

A Melbourne man whose Islamic community centre has been linked by prosecutors in the United Arab Emirates to the co-pilot who allegedly attacked the captain of a Flydubai jet has hit out at “false accusations”. The Omani co-pilot, now in custody in the UAE, had drawn inspiration from al-Qaeda’s September 11, 2001 suicide attacks, and carried out his attempt “with the aim of causing the greatest possible loss of life”, according to the Emirati prosecutor’s findings published by state media last...

The United Arab Emirates' attorney-general also alleges the co-pilot was trying to crash the plane into Tel Aviv's airport.

Australia has no need to buy fuel from Russia and said that purchases from there would remain barred so that the country did not benefit from the invasion of Ukraine. “We don’t need or want Russian fuel in Australia,” Chris Bowen, Australia’s minister for climate change and energy, said on Saturday at a press conference in western Sydney. “We do not want Vladimir Putin to benefit from this war in the Middle East. What the United States does is a matter for them, but we won’t be changing our...

Australia has no need to buy fuel from Russia and said that purchases from there will remain barred so that the country doesn’t benefit from the invasion of Ukraine.

Australia's central bank raised its cash rate to 4.60% as inflation hit 4.0%, a move that supports the AUD but pressures housing and equities. The post Why Australia’s Rate Hike Matters for US Investors appeared first on The Rio Times.

Australia is set to unveil the final version of a controversial plan to force liquefied natural gas producers to reserve as much as a fifth of their output for local buyers.

The expected postponement of Nvidia Corp.-backed data center company Firmus Grid Ltd.’s Australian IPO is an ominous sign for other proposed listings, coming after a string of disappointing debuts for artificial intelligence infrastructure firms.

Australia may have vast tracts of land and political will to support the growth of the artificial intelligence industry, but the development of data centres to power the technology is proving more challenging. Last month, property developer Goodman Group withdrew its application for a 90-megawatt data centre in Lane Cove, on Sydney’s lower north shore, after months of opposition from residents about the potential impact on their electricity and water supplies, noise pollution and other...

The Catholic Church in Australia has been marred by abuse allegations in recent years.