Heavy polluters will get fresh support under a revamped scheme set to take effect this year and can use unlimited carbon credits to remain within emissions speed limits. Climate Change and Energy Minister Chris Bowen on Tuesday announced steps to keep leading industries competitive and regions...
Major car brands are failing to move to electric vehicles fast enough and must speed up their efforts to limit global warming to 1.5C, an European automaker has warned. Polestar sustainability head Fredrika Klaren sounded the warning in Sydney this week, saying the automotive industry’s efforts...
Inflation surged back to 7.3 per cent in the 12 months to November after a weaker read in October. The Australian Bureau of Statistics’ monthly consumer price index showed inflationary pressures remain strong, with housing the largest contributor to the November read. Housing costs lifted by 9.6...
Australia’s lucrative international student sector appears set for a huge boost due to improving relations with China. Government data shows Chinese student visa holders more than halved between 2019 and 2022, falling from 165,149 to 78,234 during the pandemic period. China’s ambassador to Australia Xiao Qian said...
The local share market has finished at a fresh four-week high despite domestic inflation coming in hotter than expected, as surging iron ore prices boosted the mining sector and sent BHP to its highest level ever. The benchmark S&P/ASX200 index closed Wednesday up 64.3 points, or...
A new airline will soon start operating flights between Melbourne and Vietnam. VietJet will run three direct return flights each week to Ho Chi Minh City from April this year and, move towards daily flights by December 2024. The airline will also set up a head office...