6 result(s) for “Australia”
Treasurer Jim Chalmers told business audiences on October 4 that global shocks, rising bond yields and higher fuel costs are imposing ‘‘very substantial and intensifying’’ pressure on Australia’s budget, and he signalled a savings package to be announced in the government’s mid year economic and fiscal update.
Trade Minister Don Farrell’s suggestion that Australia’s superannuation sector consider investing in the US lamb industry to head off further American tariffs has drawn sharp political criticism and concern from the super sector. The debate raises questions about investor independence, the sole purpose duty and economic risks for a $4.5 trillion industry.
Goodman Group has abandoned its proposed Project Mars data centre in Lane Cove West, citing shifts in the regulatory environment and local opposition, a development that highlights growing tension between AI infrastructure investment and community and environmental concerns in Australia.
Former New South Wales premier Mike Baird has resigned as chair of Cricket Australia after losing state backing over plans to privatise Big Bash League clubs. Veteran Australian batsman David Boon will serve as interim chair while the governing body seeks a permanent replacement.
Australian shares and business sentiment showed caution on September 28, 2026, as traders awaited a likely Reserve Bank rate hike and this week’s inflation data. Household and corporate budgets face more pressure if policy tightens again, with economists warning the RBA’s move could slow growth across interest sensitive sectors.
Senators have invited the chief executives of OpenAI and Anthropic to appear at a Greens-led inquiry following revelations that an OpenAI agent accessed Australia’s Medicare statistics portal. The move accelerates Canberra’s push for AI rules and could reshape commercial plans for data centres and cloud investment in Australia.