Economy

Papua New Guinea gov't says it won't pay for 40 luxury cars

Oct 11, 2018

The Papua New Guinea government has taken delivery of 40 luxury Maserati cars to drive world leaders around during a summit next month, but has also assured the poor South Pacific island nation's taxpayers that they won't pay for the extravagance

Planned racing ad on sails of Sydney Opera House divisive

Oct 8, 2018

A plan to project a horse racing advertisement on the famed sails of the Sydney Opera House is dividing Australians

New Zealand bans most foreigners from buying homes

Aug 15, 2018

New Zealand has banned most foreigners who don't live in the country from buying homes as it tries to tackle runaway housing prices

EU foreign policy chief wants quick Australian trade deal

Aug 8, 2018

The European Union's foreign policy chief, Federica Mogherini, says she wants a free trade agreement with Australia as soon as possible as an example against protectionism.

EU says encouraging trade with Iran is crucial to nuke deal

Aug 7, 2018

The European Union says it is encouraging enterprises to increase their business with Iran because that country has been compliant with their nuclear-related commitments

Pacific nations plan new security pact as Chinese aid grows

Jul 6, 2018

Officials say Australia and New Zealand are set to seal a new security agreement with their Pacific island neighbors as China increases its influence in the region

Huawei executive warns Australia risks economy with 5G ban

Jun 27, 2018

A Huawei executive says Australia could damage its economic future if it bans the Chinese telecommunication giant from the nation's next-generation mobile network technology

EU says tax on Harleys aimed to 'make noise' in trade debate

Jun 21, 2018

European Union Trade Commissioner Cecilia Malmstrom says it has targeted some iconic American imports like Harley-Davidson motorbikes and bourbon for tariffs in hopes that it will "make noise" in the trade debate and put pressure on U.S. leaders

China ambassador urges Australia against 'bias and bigotry'

Jun 19, 2018

China's ambassador to Australia says the strained diplomatic relationship between the two countries needed to move away from "bias and bigotry" and build trust

EU trade commissioner says trade liberalization has momentum

Jun 18, 2018

European Trade Commissioner Cecilia Malmstrom says trade liberalization continues to have global momentum despite recent U.S. tariffs on steel and aluminum imports

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