Wagons filled with iron ore enter Rio Tinto's railyard near Karratha, 1,250 kilometers northeast of Perth, Australia, on Oct. 20, 2023. Australia shipped $138 billion of iron ore in the year through June.
Commodities

Australia warns of $2bn budget hole as iron ore slumps on China woes

Concerns elevated after bleak outlook from largest steelmaker

19 August 2024
Reserve Bank of Australia Governor Michele Bullock speaks during a news conference in Sydney on August 6. (Photo by AAP Image)
Economy

Australian central bank 'near-term' interest rate cuts not on agenda

Governor says market volatility needs to be monitored after decision to stand pat

6 August 2024
Members of the World Trade Organization released an agreement on e-commerce rules following negotiations that began in 2017.
Trade

WTO members reach digital trade deal to ban tariffs on data

Proposed e-commerce rules also cover cybersecurity and regulatory transparency

27 July 2024
Australia's earnings from metallurgical coal, used as a fuel for steelmaking, are forecast to fall in the next 12 months due to weaker prices.
Commodities

China tensions with West a risk for resource exports, Australia warns

Further dips in value expected as U.S., Europe look to reshore manufacturing

2 July 2024
An excavator digs up vines near the town of Griffith in southeast Australia.
Food & Beverage

In vino veritas: Australia wrestles with wine glut

Falling consumption among young, thirst for quality fuels change at wineries

29 June 2024
Australian Prime Minister Anthony Albanese, left, and Chinese Premier Li Qiang shake hands in Canberra on June 17. Both men welcomed improved relations between their countries.
International relations

Chinese Premier Li Qiang says ties with Australia are back on track

Meeting with Prime Minister Albanese in Canberra comes as economic ties warm

17 June 2024
Big consulting firms like PwC have come under fire in Australia after a scandal in which PwC was found to have used confidential information from the government for commercial gain.
Economy

Australian senate urges stricter rules for 'Big 4' consultancies

Report calls for tighter oversight of government contracts following scandal

13 June 2024
Australia is looking to move up the value chain in the global supply of lithium and other minerals critical for green energy technologies.
Commodities

Australian project 'fingerprints' lithium for green metals trade

Researchers work on trade protocols as EU eyes Australian critical minerals

7 June 2024
Shoppers walk past a store in Sydney: Australia's statistics bureau reported on June 5 that the country's GDP growth slowed to 0.1% in the January March quarter.
Economy

Australia GDP growth slows in Q1, dragged down by high inflation

Rising prices, higher interest rates sap consumer activity

5 June 2024
Australian beef producers are hopeful for an increase in exports to China now that restrictions have been eased. (Photo by Rurika Imahashi)
Trade

Australia's beef producers eye expansion in China as more bans lifted

Country's $7.6bn beef export sector 'parties' as impediments to major market fall

30 May 2024
Australia's government is hoping to benefit from the global green energy transition.
Economy

Australia plans to spend $15bn on green investments over 10 years

Canberra focuses spending on energy transition, inflation as election looms

14 May 2024
Singapore's new leader, currently Deputy Prime Minister Lawrence Wong, speaks to media on April 16. 
Your Week in Asia

Wong takes helm in Singapore, Japan economy data, Australia budget

Your weekly lineup of Asia's biggest business and political events

12 May 2024
A woman tries to cool down in the Philippines in April 2024. People around Asia should expect more scorching weather as the year unfolds. 
Climate Change

Asia braces for more extreme weather like 2023, world's hottest year

Health fallout set to worsen as severe heat, dryness and rain have already hit region

6 May 2024
A Woolworth's in central Sydney. (Photo by Shaun Turton)
Retail

Australia takes aim at the dominance of two big supermarkets

Top chains Woolworths and Coles face scrutiny as prices rise

22 April 2024
Australian Prime Minister Anthony Albanese, fourth from left, poses for a photo with ASEAN leaders at the ASEAN-Australia Special Summit in Melbourne on March 5. 
Comment

Australia shifts focus from ASEAN to individual Southeast Asian nations

Move reflects new international political and economic realities

21 April 2024
Singaporean Prime Minister Lee Hsien Loong, left, and Australian Prime Minister Anthony Albanese: The two countries plan to build a Green and Digital Shipping Corridor.
Opinion

ASEAN and Australia are facing up to need for green cooperation

Current fossil fuel-focused trade ties will have to evolve

5 April 2024
Australia is looking to play a bigger role in the rare earths supply chain, but it is up against a dominant China. 
Commodities

Australia doubles down on rare earths despite Chinese dominance

Ambitious strategy to boost role in critical minerals confronts market challenges

29 March 2024
Bottles of Australian wine occupy the top shelf of a Hangzhou supermarket on Nov. 27, 2020, when China was the No. 1 importer of the stuff.
Trade

China lifts punitive tariffs on Australian wine after three years

Beijing's 'economic coercion' led to 'deepest low' for Aussie vintners

28 March 2024
Andrew's granny flat, stands next to the family home in suburban Sydney. (Photo by Rurika Imahashi)
Property

In Australia, 'granny flats' gain traction as rents skyrocket

Housing shortage gives homeowners a way to monetize extra space

24 March 2024
Fed twice a day, cows at Rangers Valley Cattle Station grow up to 800 kilograms. (Photo by Rurika Imahashi)
Food & Beverage

Japan's Marubeni looks to hook its home market on Aussie beef

The big trading house expects middle-class demand for Rangers Valley steaks

23 March 2024
Stuart Hordern, chief winemaker at Brokenwood Wines, says an end to China's tariffs would be "great news." (Photo by Rurika Imahashi) 
Food & Beverage

Australian winemakers hopeful about China lifting tariffs

Many producers are 'incredibly excited,' but some have moved on from the market

19 March 2024
A container terminal in Sydney. The Australian government is scrapping tariffs that generate minimal revenue while doing little to protect local manufacturers. 
Trade

Australia cuts 500 'nuisance' tariffs, from fridges to fishing reels

Move is part of a broader plan to streamline trade and investment

11 March 2024
Australian Prime Minister Anthony Albanese speaks at a news conference with his Singaporean counterpart, Lee Hsien Loong, in Melbourne on March 5. 
Trade

Australia unveils $1.3bn fund for investment with ASEAN

Albanese pledges to support companies taking larger role in fast-developing region

5 March 2024
The opening ceremony of National People's Congress in Mach 2023 at the Great Hall of the People in Beijing. (Photo by Yusuke Hinata)
Your Week in Asia

China 'Two Sessions', ASEAN-Australia Summit, Malaysia rate decision

Your weekly lineup of Asia's biggest business and political events

3 March 2024