A significant decline in China’s birthrate has led to a sharp drop in the value of baby formula producer a2 Milk. As a key market for dairy products from Australia and New Zealand, China’s baby formula sector is crucial to … Continue reading Australian company loses $480 million in one day
The U.S. dollar’s ascent has pushed the Japanese yen further into intervention territory, as the robust U.S. economy highlights the need for sustained higher interest rates. Meanwhile, the Bank of Japan’s ultra-dovish stance struggles to defend its policy approach. Australian … Continue reading Dollar strengthens as US economy holds strong; Australian dollar declines on employment figures
The Australian dollar reached a nine-month low against the US dollar on Monday, causing global investors to become uneasy as another major Chinese investment firm exhibits signs of financial strain. The Australian dollar dropped to 64.59 US cents before recovering … Continue reading Australian dollar hits lowest level in nine months against US dollar amid concerns over Chinese investment
Barretts Bakery, a popular bakery chain based in Western Australia, has collapsed with a debt of $2 million, prompting administrators to urgently seek a resolution to rescue the business. The Australian Taxation Office is owed the substantial amount. Administrators took … Continue reading Australian Barretts Bakery burdened with $2m debt to ATO
A Nigerian man, Idongesit Joseph Zion, has been given a one-year prison sentence after being found guilty of attempting to rape an Australian female tourist while they were both on vacation in Bali, Indonesia. The verdict was delivered at the … Continue reading Nigerian man sentenced to one year in prison for attempted rape of Australian tourist in Bali
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