ECONOMY- Page 4

ECONOMY

October 22, 2025

The U.S.–Australia Critical Minerals Agreement: Building a New Global Supply Chain

On October 21, 2025, U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a landmark agreement on critical minerals and rare earths. The deal aims to reduce global dependence on

ECONOMY

October 24, 2025

People Use Garden Tools to Protect Millions of Migrating Red Crabs on Christmas Island

Introduction Every year on Christmas Island, a remote Australian territory in the Indian Ocean, one of nature’s most spectacular events unfolds — the annual migration of millions of red crabs (Gecarcoidea natalis).

ECONOMY

October 6, 2025

Kenya Issues $1.5B Eurobond to Cut Debt Costs and Extend Maturities

Kenya has raised $1.5 billion through a new Eurobond to manage its debt more effectively and lower borrowing costs. The Treasury issued the bond on October 3, 2025, offering 7-year notes at

Australia presses China to resume iron ore imports amid trade tensions

Australia has called on China to lift restrictions on iron ore imports after reports said China Mineral Resources Group told steel producers and traders to pause purchases from BHP. The move threatens

October 6, 2025

ECONOMY

Albanese Urges China to Lift Iron Ore Ban as Trade Tensions Rise

Prime Minister Anthony Albanese has urged China to restart normal iron ore imports after reports claimed Chinese authorities told steelmakers to halt purchases from BHP. The move sparked concern that fresh trade

October 4, 2025

ECONOMY

RBA Holds Rate at 3.60 % as Inflation Shows Signs of Moderation

The Reserve Bank of Australia (RBA) kept the cash rate at 3.60% during its 30 September 2025 meeting. The move followed a 25-basis-point cut in August, marking the third adjustment this year.

October 4, 2025

ECONOMY

IMF Warns Australia’s EV Subsidies May Weaken Economic Efficiency

The International Monetary Fund (IMF) has warned that Australia’s $22 billion electric vehicle (EV) subsidy program under the “Future Made in Australia” plan could harm economic efficiency. It said that unchecked incentives

October 4, 2025

ECONOMY

Barangaroo – the Wall Street of Australia?

Rising from Sydney’s waterfront, Barangaroo has become one of the most ambitious urban transformations in Australia’s history. Once an industrial port, the precinct has been reshaped into a gleaming business and financial

September 25, 2025

ECONOMY