Australia’s wealthiest are set to lose out as the government tweaks tax changes to help low- and middle-income earners struggling with soaring living costs. The biggest losers under Prime Minister Anthony Albanese’s new policy will be Australians earning over A$190,000 ($125,000). While they will still receive a tax cut, it will only be about half … Read more
I’m Ben Westcott, Australia government reporter in Canberra, and today I’m looking at the prime minister’s pivotal trip to China. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. … Read more
Good morning, it’s Amy in Melbourne, where Qantas is set to face off against shareholders at its AGM today. But first… Today’s must-reads:• Albanese heads to China • AustralianSuper’s power play • Inside Foxconn’s US plant Australia’s Prime Minister Anthony Albanese is preparing for his inaugural visit to China beginning tomorrow, just days after returning … Read more
Good morning from Sydney. It’s Ed here with the news you need to start your day. Today’s must-reads:• Albanese boosts critical minerals financing• RBA won’t hesitate to hike again• Power market volatility worries BHP Prime Minister Anthony Albanese announced a A$2 billion expansion in critical minerals financing in a potential boost for clean energy and … Read more
Chinese Premier Li Qiang highlighted his country’s strong ties with Southeast Asia during a meeting on Wednesday with the leaders of a region that’s challenged by an increasingly complicated geopolitical landscape. Indonesian President Joko Widodo opened the Association of Southeast Asian Nation’s summit on Tuesday saying the region must not become a proxy for any … Read more
September 5, 2023 at 7:09 PM EDT Good morning, it’s Karen coming to you from Sydney, and here’s what you need to know today… Today’s must-reads:• NZ’s Hipkins in conversation with Bloomberg• New Qantas boss under pressure• Albanese speaks at Asean The annual Bloomberg Address takes place in Auckland today where New Zealand Prime Minister … Read more
Happy hump day all, it’s Harry here in Sydney. Our next RBA governor last night warned that rate hikes may not be done, but first… Today’s must-reads:• PM set to name Voice date• Barley heads back to China• Reprieve for Kiwi homebuyers PM Anthony Albanese is expected to announce the date for the Voice to … Read more