Chevron Australia Sees LNG Prices Staying High for Six Months
Liquefied natural gas prices — which have surged since the start of the US-Iran war — are unlikely to drop in the short term, according to Chevron Corp.’s Australia president.
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Liquefied natural gas prices — which have surged since the start of the US-Iran war — are unlikely to drop in the short term, according to Chevron Corp.’s Australia president.
Australia, which became the first country to ban social media for minors, is planning to crack down on Big Tech further. The government introduced new legislation to force social media firms to allow users to opt out of algorithms. The proposed laws also aim to strengthen online child protection. Opposition lawmakers say such measures would amount to government censorship.
Australia’s prudential regulator has asked banks and pensions about their exposure to private credit funding, the latest sign that authorities want more information to identify risks in the country’s debt market in the wake of collapsed property developer Bathla Group.
Dissent voiced in an ongoing inquiry into Australia’s most ambitious nuclear submarine pact has laid bare growing uncertainty over US commitment, amid questions about the clarity of Canberra’s explanation of the Aukus deal to citizens. Under the trilateral security pact between Australia, the UK and the United States, Canberra will get eight nuclear-powered submarines at an estimated cost of up to A$368 billion (US$266 billion). Three used Virginia-class nuclear submarines will initially be...
A grass-roots group associated with Australia’s ruling Labor Party has called on Prime Minister Anthony Albanese’s government to break from “the American war machine” and pursue an independent defence policy for the future. Traditional security allies Canberra and Washington have deepened their military ties in recent years, including through troop deployments and the trilateral Aukus pact, which also involves the United Kingdom. Some American defence personnel are also stationed at a naval...
Australia is in the process of finalising a treaty with another Pacific island nation, with the national broadcaster reporting that Canberra has struck an “in-principle” agreement with the Solomon Islands. The two nations will work to sign the deal in the coming weeks, Australian Broadcasting Corporation reported, citing unidentified government officials. The news comes after Solomons Prime Minister Matthew Wale saw off a challenge to his leadership from within his cabinet, with the rival...
Sydney property developer Bathla Group’s collapse has left thousands of Australian homebuyers — who have paid deposits and are waiting for their off-the-plan homes to be built — in limbo.
Australians could be given the option of opting out of powerful social media algorithms under new legislation cracking down on big tech, a minister said on Monday. The draft law requiring a “digital duty of care” is expected to be introduced to Australia’s parliament this week. It would require firms like Meta Platforms to give users the option of turning off algorithms that tailor recommendations to their personal taste. “A lot of Australians appreciate the algorithm, both for the enjoyment...
Firms like Meta, Google and TikTok should face "substantial" penalties if they don't give the option, minister says.
Social media platforms face scrutiny over addictive algorithms; new law aims to give Australians greater feed control.
The Australian icon was killed in 2006, after a stingray's barb pierced his chest during filming.
Australia’s bonds, caught up in the global fixed-income selloff, have seen their yields rise more than any of their peers in the past month, despite arguments that the country’s finances are in much better shape.
Advocates say data centres will bring jobs but others worry they will suck up resources while providing little advantage.
New planning safeguards raise an uncomfortable question: what happens to the people living next door today?
Supporters call it visionary. Critics see it as a costly mistake.
Online sellers could be overlooking a key distinction that affects their tax obligations.
How did bird flu jump from birds to mammals? Australia's first confirmed case offers clues.
Decades after the post-war boom, some Australians are facing a reality not seen since the 1940s.
Conflicting comments from One Nation figures have raised questions about the party's migration target.
Below the surface of Australia's weight-loss drug boom, a market operates outside the prescription system.