Australian Telco Giant Telstra to Cut 2,800 Jobs by End of 2024 to Keep on Competitive Landscape

Telstra announced that it will cut 2,800 jobs by the end of 2024, especially products and services in its enterprise business.

AU, NZ Evacuate Nationals as Unrest in New Caledonia Continues

The foreign ministries of Australia and New Zealand have announced that it would be evacuating its nationals in New Caledonia as riots spark across the island regarding independence and nickel mining...

US, Australia Introduce Uncrewed Underwater Manta Ray Drone

A new underwater drone has successfully completed its first trial, showcasing its ability to navigate through the depths of the sea without being detected...

Australia: Small Plane with 3 Aboard Takes Emergency Landing in Newcastle Airport Without Landing Gear After Burning Off Fuel

A small plane with failing landing gear landed safely after nearly four hours of circling a regional airport...

Latest News

Australia jobs rebound, A$ still hits four-year trough
Australian employment rebounded in October to keep the jobless rate steady at 6.2 percent, though lingering concerns about the reliability of the data still led investors to sell the local dollar to f
Transfield wants trading freeze, hush clause before negotiating with Ferrovial
Australia's Transfield Services Ltd (TSE.AX), which runs the country's offshore refugee detention centers, said it won't negotiate with Spain's Ferrovial SA (FER.MC) over a $873.60 million takeover ap
Coca-Cola to buy 29 percent stake in Indonesian unit for $500 million
Coca-Cola Co (KO.N) will help out Australian affiliate Coca-Cola Amatil Ltd (CCL.AX) by taking a minority stake in a struggling Indonesian unit for $500 million.
Adani taps Morgan Stanley to help sell Australia port stake
India's Adani has appointed Morgan Stanley to advise on the possible sale of a stake in its Abbot Point coal port in Australia, as it looks to raise funds to help finance a A$7 billion ($6.2 billion)
Australia's CSL buys Novartis influenza vaccine unit for $275 million
Australia's CSL Ltd (CSL.AX), the world's largest blood products company, said on Monday it had agreed to buy Novartis AG's (NOVN.VX) global influenza vaccine business for $275 million.
Australia's Cabcharge says rebuffs M&A talk from NY-listed FleetCor
Cabcharge Australia Ltd (CAB.AX), the country's only listed taxi payment company, said it had rebuffed an approach from FleetCor Technologies Inc (FLT.N) to buy its core payments business.
Australia seeks to raise up to $4.8 billion in Medibank IPO: prospectus
Australian state-owned health insurer Medibank Private said it is planning an IPO that is seeking to raise between A$4.3 billion to A$5.5 billion ($3.7 billion to $4.8 billion).
Virgin Australia buys out Tiger Australia joint venture for nominal A$1
Loss-making budget airline Virgin Australia Holdings Ltd (VAH.AX) will buy full control of its ailing 60 percent-owned Tiger Australia Airways business for just A$1, signaling plans to cut a bloated f
Weak German output numbers send Europe into reverse
A second day of weak German data sent European markets into retreat on Tuesday with stocks, the euro and periphery euro zone government debt all knocked by the mounting evidence of an abrupt slowdown
Australia clears Expedia's $610 million Wotif.com takeover
Australia's antitrust regulator on Thursday cleared online travel giant Expedia Inc to buy local rival Wotif.com Holdings Ltd, saying it did not expect the A$699 million ($610 million) deal to substan
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