A container ship passes in front of the Sydney skyline as it departs from Port Botany terminal.
Opinion

Australia must carve out a new path as Trump seeks to end free trade

In age of tariffs, Canberra should pivot to Asia and Europe for stable commerce

18 November 2024
As Donald Trump and Kamala Harris vie to become the next U.S. president, commodity powerhouse Australia is bracing for the potential impact on global trade. (Nikkei montage/Reuters)
Commodities

Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

1 November 2024
A boy kicks a soccer ball in Sydney: Australia last year registered its lowest number of births since 2006, erasing a brief spike recorded during the COVID-19 pandemic.
Society

Australia at 'crossroads' as fertility rate hits record low, experts say

Housing, rising costs, climate change among reasons cited for baby drought

18 October 2024
More people around the world are looking to courts to order governments and companies to take action against global warming, arguing they have a fundamental right to be protected from climate change. (Nikkei montage/Source photos by Getty Images)
Policy Asia

Japan group sues utilities, claiming climate inaction violates human rights

Country's first youth-led climate litigation comes as regional, global cases multiply

18 October 2024
Australian rock lobsters on sale at a stall inside the Sydney Fish Market on June 14. (Photo by Sophie Mak)
Trade

China's import ban on rock lobsters to end, says Australian PM

Restriction is latest to fall as bilateral friction eases under Albanese government

10 October 2024
 The edge of Glencore's Mount Owen coal mine and adjacent rehabilitated land are shown in Ravensworth, Australia on June 21, 2022. Australia's coal industry is facing increasing financial and regulatory pressures.
Commodities

Australian coal miners expand despite mounting industry pressure

Opportunity arises as shift to cleaner energy runs up against power demand gap

9 October 2024
The flags of Australia, left, and the United Arab Emirates. Australia is hoping that a trade deal the countries have completed will lead to investment for its minerals sector. (Source photos by Reuters and AP)
Trade

Australia secures trade deal with UAE, eyes cash for critical minerals

Agreement will boost exports by AU$678m a year, minister says

17 September 2024
Contractors hired for mining work in Australia now must receive the same pay as in-house employees.
Commodities

Australia's mining industry faults new labor rights for rising costs

Minerals Council cites multi-employer bargaining and 'same job, same pay' law

12 September 2024
People stroll near a Sydney beach on April 1. Cost-of-living pressures have taken a toll on many Australians. (Photo by AAP)
Economy

Australian GDP grows just 0.2% as interest rates hit consumption

Policymakers caught between sluggish expansion and stubborn inflation

4 September 2024
With rents up nearly 40% in the last five years and vacancies at under 2%, Australia residents are finding it increasingly hard to secure housing. (Nikkei montage/Source photo by Getty Images) 
Market Spotlight

Australia housing prices, rents surge as supply shortage deepens

Affordability emerges as political issue for Albanese government

26 August 2024
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