Almost eight years to the day after the last Holden rolled off an Adelaide factory assembly line, Anthony Albanese announced a $13bn deal with Donald Trump to help champion a domestic rare-earth industry. Announcing the deal this week in Washington, the prime minister called it “a really significant day” that would take the relationship between the two countries “to the next level”. “We’re just getting started,” Albanese said. The US president claimed “in about a year from now, we’ll have so much critical mineral and rare earths, that you won’t…
Tag: Australian economy
Albanese hopes China’s reported BHP iron ore ban ‘very much short-term’ as ASX dips
The treasurer, Jim Chalmers, will meet with the boss of BHP amid a shock report that the world’s largest mining company faces a Chinese blockade on its iron ore shipments. Beijing’s state iron ore buyer has told steelmakers to pause imports of BHP ore, amid hardball negotiations over the price of the crucial resource, Bloomberg reported on Tuesday. Chalmers said the reports were “concerning” but ultimately a matter for the company to work through. “I’ll have discussions with [BHP chief executive] Mike Henry about that in due course, when we…
Australia politics live: Australia joins 24 countries to demand immediate end to Gaza war
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In Australia’s post-US future, we must find our own way with China | Hugh White
Thanks to US regional strategic primacy, Australia has been virtually immune from the threat of direct military attack since the defeat of Japan in 1945. Now that is changing. In future it will no longer be militarily impossible for China to attack Australia directly. And not just China: other major regional powers, especially India and eventually perhaps Indonesia, will have the potential to launch significant attacks on Australia. That does not mean we now face a serious threat of Chinese military attack. Today the only circumstance in which Australia could…
Australia politics live: Brandis says Rudd must have bipartisan support as ambassador despite Trump comments; Joyce says Rudd is ‘cooked’
From 23m ago Brandis says Rudd must have bipartisan support as ambassador despite Trump’s ‘wild’ comments The former UK ambassador and Coalition minister George Brandis is speaking to ABC radio and he is being very critical of his former colleagues over the Kevin Rudd mini storm, sparked by Donald Trump’s comments. Brandis says the resulting storm has all been a bit much: I think this has been rather overinterpreted. Donald Trump is infamous for making rather wild and off-the-cuff claims that don’t in the end amount to very much, so…
Australia politics live: China’s foreign minister to arrive in Canberra amid calls for Penny Wong to demand release of Yang Hengjun
From 44m ago Press China to release Yang Hengjun, rights group say Daniel Hurst Human rights groups have urged the Australian government to demand the immediate release of Australian writer Dr Yang Hengjun and press other human rights issues strongly during meetings with China’s top diplomat today. The foreign affairs minister, Penny Wong, will hold talks with her Chinese counterpart, Wang Yi, in Canberra today, with trade, regional security and human rights among the topics expected to be raised. Amnesty International has written to Wong saying it “joins Uyghur, Tibetan,…
Australia politics live: Coalition slams Keating for China meeting; RBA tipped to hold rates
From 1h ago Coalition slams Keating for China meeting Daniel Hurst The Coalition has taken aim at former prime minister Paul Keating for accepting a meeting with the Chinese foreign minister, Wang Yi, who is visiting Australia later this week. The Coalition’s foreign affairs spokesperson, Simon Birmingham, said the idea of the meeting was “pointed and somewhat insulting” in light of the extent of Keating’s past commentary directed towards the Australian foreign minister, Penny Wong: Paul Keating’s reckless and irresponsible comments since the Albanese government was elected demonstrates an underlying…
Tropical cyclone Jasper live update: Qld weather warnings in place as category 2 storm on track to hit north of Cairns today – latest
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Australia news live: Optus network goes down across nation; trains grind to a halt in Melbourne
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Australia news live: Shorten labels Greens’ Senate walkout ‘political grandstanding’; Birmingham says Gaza child deaths a ‘terrible function of war’
From 39m ago Shorten labels Greens’ Senate walkout ‘political grandstanding’ Government services minister Bill Shorten has labelled the Greens decision to walk out of Senate question time yesterday as “political grandstanding”. Yesterday, the Greens stormed out of Senate question time to protest what they say is Albanese government inaction over the conflict in Gaza. You can read more from my colleague Paul Karp here: Speaking to the ABC just earlier, Shorten argued the Greens’ walk out doesn’t help “a single soul anywhere”: I think that is just political grand standing.…