Thirteen people got stuck in mid-air after a ride at a theme park in Australia malfunctioned. The ride stopped because of a “sensor communication fault”, an official at Sea World on the Gold Coast said in a statement. The passengers were stranded for about 90 minutes, and were given water and umbrellas as a protection […]
A move by federal politicians has inflamed Australia’s housing crisis, cutting out millions from owning a home. ‘The world’s most generous tax breaks’ handed to property investors by federal politicians is helping cut millions from owning a home, industry warns. A new report warns that the wealthiest Australians now hold 90 times the wealth of […]
British naturalist and television presenter Steve Backshall is set to return to Australia in January 2025 with his acclaimed live show, OCEAN. Following the success of three sold-out tours in the UK, Backshall will be touring across Australia and New Zealand, bringing his unique blend of adventure and education to fans down under. The tour will […]
As iron ore prices drop, Australians could see increased taxes and cuts to services as demand for our mining resources takes a hit. The resource boom and commodity trading has seen Australia escape the worst of multiple global economic downturns, with iron ore selling $136 billion lat year alone. In July, Rio Tinto celebrated the […]
Australia is one step closer to establishing the Net Zero Economy Authority (The Authority) with legislation for its formation passing the Senate Thursday 22 August. The legislation is expected to get final approval when Parliament sits again in the week of 9 September. The Authority is integral to the Australian Government’s vision for A Future […]
Long COVID cost the Australian economy almost $10 billion in lost labour hours in 2022, according to new research. The study, published in the peer-reviewed Medical Journal of Australia, has calculated the number of hours Australians could not work or were forced to reduce their hours as a result of ongoing COVID-19 symptoms 12 months […]
Financial markets are still pricing one cut in the official cash rate (OCR) by the end of the year, followed by further reductions next year: However, the Minutes from this month’s RBA board meeting were released on Tuesday and explicitly stated that “holding the cash rate target steady at its current level for a longer period than […]
Sydney, Australia – Australia is extending its laidback reputation to the workplace by granting employees a “right to disconnect” when they are off the clock. Australian workers on Monday gained the legal right to ignore emails and phone calls from bosses outside of work hours, unless doing so is deemed “unreasonable”. The law is Australia’s response […]
In a major boost for the region the Prime Minister today announced the Albanese Labor Government will save the Great Barrier Reef Aquarium “Reef HQ” with an extra $100 million investment after the Liberals left it underfunded and doomed to fail. The project is expected to create more than one thousand jobs and give an […]
July 2024 also capped off an exceptionally warm 12-month period for Earth’s climate. The global mean temperature during the 12 months ending in July 2024 was 1.67°C above the 1850 to 1900 average. According to statistical modelling from Berkeley Earth, 2024 now has a 96% likelihood of beating 2023 as Earth’s warmest year on record. […]