From 54m ago Australia and NZ to coordinate on electric vehicle fleet Royce Kurmelovs Australia will coordinate with New Zealand when it comes to procuring electric vehicles for its government fleet. Prime minister Anthony Albanese made the announcement on Friday when discussing opportunities for trans-Tasman collaboration in the area of renewable energy. Albanese said: If we are all competing against each other for procurement at the same time, we will end up paying more for it but not if there is cooperation between Australia and New Zealand. The PM went…
Tag: Australian economy
Australia news live: NSW flood warnings; Sydney train strike delays; at least 27 Covid deaths recorded
From 5h ago NSW rail union pushes ahead with industrial action Sydney commuters are in for a “very messy day” as the NSW rail union pushes ahead with industrial action that will take out 70% of the train fleet, AAP reports. The Rail, Tram and Bus Union has been locked in long-running stoush with the Perrottet government over a new Korean-made Intercity fleet, which it says is unsafe. While the government has signalled it could be prepared to spend $264m to modify the fleet, the union says it has refused…
The sheer size of the China trading relationship is why Australia has to share its feasts and famines with Beijing | Satyajit Das
Concentration on security and regional influence has distracted from the economic relationship with China, a key foundation of Australian prosperity. A high proportion of Chinese growth has been engineered by a large government-sponsored debt-fuelled infrastructure and property bender. This underpins demand for Australian products and services boosting incomes. The data on bilateral trade reveals the importance of the China relationship. Despite trade restrictions on selected products, 35 to 40% of Australian exports go to China, and 20% of imports come from China. Chinese nationals normally constitute the largest number of…