Economy

Former Aussie leader blames funding for indigenous setbacks

Feb 12, 2018

An Australian prime minister who a decade ago set an ambitious timetable for ending indigenous disadvantage has blamed a lack of government funding for slow progress

Australia plans to become leading defense-industry exporter

Jan 29, 2018

Australia's government announced a strategy to create high-tech jobs and become one of the top 10 defense-industry-exporting countries within a decade through arms sales to liked-minded nations

China protests Australia criticism of Chinese aid in Pacific

Jan 11, 2018

China has protested an Australian minister's criticisms that Chinese aid programs in poor Pacific island countries were creating "white elephants" that threatened economic stability without delivering benefits

Australian car-making ends with last GM plant closing

Oct 20, 2017

The last mass-produced car designed and built in Australia has rolled off General Motors Co.'s production line in Adelaide as the nation reluctantly bid farewell to its auto manufacturing industry

Australia rejects clean energy target for cheaper power

Oct 17, 2017

Australian government rejects plan to generate 42 percent of country's power from wind, solar energy

Australian minister says 'economic refugees' headed for US

Sep 28, 2017

An Australian government minister says that "economic refugees" fleeing poverty rather than persecution are among the first asylum seekers to be resettled in the United States

Australia to create its own space agency for economic boost

Sep 25, 2017

Australia has announced it will create its own space agency to increase its share of the $330 billion space economy

New Zealanders head to polls for neck-and-neck national vote

Sep 23, 2017

New Zealanders vote in national elections Saturday, with opinion polls indicating a close race

Australia marks 26 years since recession with growth data

Sep 6, 2017

Australia's economy has grown for 26 years without a recession, an extraordinary achievement in a volatile world still aching from the global financial crisis

Australian PM: Tony Abbott was once too drunk for Parliament

Aug 25, 2017

Australia's prime minister confirms predecessor and intra-party rival Tony Abbott had once been too drunk to vote in Parliament, an incident that's been a poorly kept secret in political circles for eight years

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