Australia

Australian business should cut less, grow more, fund manager says

The head of IFM Investors says the $140bn investment powerhouse will be pushing Australian company bosses to work on growing their businesses instead of focusing on cutting costs. The chief executive, Brett Himbury, said IFM, which invests on behalf of Australian industry super funds and like-minded international pension outfits, also supports mining giant BHP’s new pledge to do more to ...

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Poverty is rising again in Australia and expert cites welfare changes as likely cause

Poverty in Australia is increasing again after several years of decline, a respected University of Melbourne study has found, with changes to welfare policies cited as a possible contributor. The annual Household, Income and Labour Dynamics in Australia (Hilda) survey, released on Tuesday, found the proportion of people living below the relative poverty line – 50% of the median income – ...

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Shayna Jack: The swimming scandal that has embarrassed Australia

Australian swimming is being accused of hypocrisy after an Olympic hopeful said she returned an abnormal drug test just days after teammate Mack Horton’s high-profile protest against a Chinese rival suspected of a doping offence. Queensland swimmer Shayna Jack announced on Sunday that she had tested positive for anabolic agent Ligandrol – which is popular with bodybuilders – in late ...

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Morning mail: Taylor’s lobby letter, Asic v ANZ, Brussels rebuffs Johnson

The government has attempted to fend off a formal inquiry into controversial meetings between Angus Taylor and the environment department over endangered grasslands by producing a letter that purports to show the minister was acting in the interests of his constituents and not himself. But the letter, which was said to have come from a concerned farmer, was actually from a lobby ...

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Australian weapons shipped to Saudi and UAE as war rages in Yemen

In the same week UK courts declared British arms exports to Saudi Arabia to be unlawful, a large shipment of Australian-built remote weapons systems left Sydney airport. Secret photographs, obtained by Guardian Australia, confirm the identity of the buyers – the Saudi Arabia and United Arab Emirates governments, whose forces are currently waging a devastating war in Yemen. Also marked are the suppliers ...

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Government to assess regulation of Chinese influence at universities

The attorney-general’s department will probe whether Confucius Institutes at Australian universities require registration as a source of foreign influence after revelations about the extent of Chinese control of teaching standards. On Thursday, the Sydney Morning Herald and the Age reported that contracts signed by four universities state that they ‘‘must accept” the assessment of the Confucius Institute headquarters on the teaching quality at the ...

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Plagiarism complaint: Liberal senator James Paterson’s IPA report breached integrity standards

A confidential plagiarism investigation found a report co-written by Liberal senator James Paterson breached research integrity standards. In 2015 Paterson helped write a paper critical of high pay rates, “generous” perks and union influence in the public service. Paterson, then deputy executive director of the Institute of Public Affairs, wrote the report with Aaron Lane, a lawyer and then PhD candidate at RMIT. In ...

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Snow globes filled with $1M worth of meth found in Australia

Snow globes? More like ice globes. Australian border security agents seized a $1 million shipment of liquid methamphetamine hidden inside 15 snow globes, the Australian Border Force said in a statement Tuesday. The meth globes held picturesque winter scenes and more than 7 liters of the dangerous drug. The sinister souvenirs were spotted by agents in Sydney after the package arrived ...

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