Important News

Fears a 29-year-old ceasefire that was broken will reignite the Morocco-Western Sahara conflict

By: Sahar Mourad A United Nations brokered ceasefire between the Western Sahara and Morocco has been in place since 1991. The 29 year ceasefire was thrown out the window on Friday when the leader of the pro-independence group Polisario Front in Western Sahara, Brahim Ghali, declared war on Morocco. They accused Morocco of placing a roadblock stopping access to Mauritania ...

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Australians lost nearly $7 million on online shopping scams this year

By: Sharon Masige It’s getting closer to the silly season and as shoppers get stuck in to Christmas shopping, they’re being warned to keep an eye out for online scams. The Australian Competition and Consumer Commission (ACCC) revealed the amount of money lost through online shopping scams has spiked 42% this year. More than 12,000 online shopping scams were reported to ...

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The Australian Business Summit Council Inc. celebrates the launch of the second issue of their magazine, EKONOMOS

By: Sahar Mourad   Australia has long been a leader within the economic sector, but one organisation is working to further strengthen the country’s ties with the rest of the world.   The Australian Business Summit Council Inc. is a not-for-profit organisation that works to support Australian businesses both nationally and internationally.   Founding President Dr Frank Alafaci and Secretary ...

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ABSC INC. holds media conference to promote EKONOMOS, Issue 2, 2020

The Australian Business Summit Council Inc. hosted its second Media Conference and annual luncheon at The Waterview in Bicentennial Park, Homebush on 9 November 2020 to promote the imminent publication of the second issue of EKONOMOS, the official ABSC Inc. business affairs magazine in late November this year. More than thirty VIPs and guests enjoyed the five-star venue’s sumptuous food ...

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Petition calling for media royal commission and setting Australian record tabled in Parliament

By: Jack Snape Australia’s largest-ever parliamentary e-petition, which calls for a royal commission into media diversity and has more than 500,000 signatures, has been submitted to the House of Representatives. The petition was launched by former prime minister Kevin Rudd. “The bottom line is the lifeblood of our democracies depends on a fair, balanced, independent, free media which separates out ...

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ISIS claims attack by paroled solo gunman Kujtim Fejzulai

Austrian investigators were piecing together the Monday evening rampage through central Vienna by a lone gunman and later claimed by Islamic State, as Chancellor Sebastian Kurz called for a European response to “political Islam”. Four people were killed and 23 wounded when Kujtim Fejzulai, described as a 20-year-old Islamic State sympathiser who had spent time in prison, opened fire with ...

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House prices across Australia begin to soar

House prices across Australia have risen overall for the first time since the start of COVID-19. Monthly data from CoreLogic shows that, as a collective average, the housing market experienced a 0.4 per cent rise in October. It follows month-on-month average declines since the pandemic started shaking the nation’s economy. “The numbers out today are quite remarkable,” CoreLogic head of ...

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Australia’s second most expensive house is sold for $95million

By: Lucy Macken One of the most expensive residences on the Point Piper waterfront, known as Edgewater, has been sold for an eye-watering $95 million. The incredible  five-storey property called Edgewater features a private jetty, tennis court, and huge terraces on each level overlooking Sydney Harbour. The deal is set to rank as the second highest residential sale nationwide when ...

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New $100 note released into circulation

The Reserve Bank of Australia released the new $100 banknote on 29 October 2020.    It celebrates Sir John Monash, an engineer, soldier and civic leader and Dame Nellie Melba, an internationally renowned soprano.  New security features have been used to make the bill “impossible to forge” include a reversed number 100 and the image of a three-dimensional fan. The ...

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