Australia to create national space agency

Australia on Monday committed to creating a national space agency as it looks to cash in on the lucrative and fast-evolving astronautical sector. The announcement came at a week-long Adelaide space conference attended by the world’s top scientists and experts including SpaceX chief Elon Musk. It brings Canberra — which already has significant involvement in national… Read more

Massive coal mine near Great Barrier Reef to go ahead

Sydney (dpa) – Indian mining giant Adani said Tuesday it had approved plans to start work on the controversial Carmichael coal mine in north-east Australia, which activists say will damage the Great Barrier Reef. Chairman Gautam Adani had given the “green light” for the 16-billion-Australian-dollar (12 billion US dollar) mine and rail project in central Queensland,… Read more

China’s strong growth ensures stable world economy: Economists

SYDNEY – Leading Australian economic experts say China’s first quarter economic results have driven the global economy to success. For the first quarter of 2017, China exceeded expectations, recording a 6.9-percent increase in gross domestic product, or GDP. The result was incredibly positive according to the James Laurenceson, deputy director of the Australia China Relations Institute… Read more

Australia scraps skilled migrant visa to protect jobs

Two new, shorter and closed-ended temporary visas will replace the 457 skilled migrants visa program CANBERRA, Australia – The country’s skilled migrant visa will be abolished in favor of a new “Australians first” approach, Prime Minister Malcolm Turnbull said on Tuesday. In a video posted on social media on Tuesday, Turnbull announced that the 457 skilled… Read more

China’s economic growth to contribute $125b to Australian economy: Expert
CANBERRA — Strong growth of the Chinese economy, coupled with the Reserve Bank of Australia’s (RBA) decision to cut interest rates to record lows, are expected to deliver a AU$165 billion ($125 billion) boost to the Australian economy, according to Deloitte Access Economics. Recently, China reported an annual growth rate of 6.9 percent for the first… Read more