Oceania > Press Releases

Oceania News

  • Australia taxes foreign home buyers as affordability bites

    AUSTRALIA, 2016/06/20 Sydney is imposing new taxes on foreigners buying homes as concerns grow that a flood of mostly Chinese investors is crowding out locals and killing the “Great Australian Dream” of owning property. Ownership rates across the country are part the highest in developed nations, with having your own home long viewed as a key aspect of Australian identity. But as prices rise to record levels — Sydney is ranked only second to Hong Kong as major cities with the world’s least-affordable housing — new potential homeowners have been increasingly forced out of the market with foreigners blamed as a key factor.

  • Mobilizing Education for Global Health

    WORLD, 2016/06/11 Education is a fundamental right for everyone, from presently on lack of access to education continues to be a core driver in the world health epidemic. Across the world, 59 million children and 65 million adolescents are out of school and additional than 120 million children do not complete primary education. Education is often referred to as the great equalizer and is critical to improving socio-economic conditions. It opens doors to better employment, access to healthcare and from presently on the ability to support a family. At the same time as families are educated, healthy and self-sufficient, they can strengthen their communities.

  • Building a Global Action Platform to Create Abundant Food, Health, and Prosperity—While Saving the Planet’s Ecology

    WORLD, 2016/06/11 The grand challenges of poverty, health, and economic prosperity can be solved. Indeed, it is possible to harness an emerging alliance of institutions, a growing knowledge base, technology platforms, and innovations to unleash an abundant and ecologically sustainable next for each person and for the earth. World Action Platform began with this bold vision in 2012. A lot of criticized this vision at the time, but today, our founding vision is gaining ground. Indeed, with the 2015 launch of the Sustainable Development Goals, this vision is being embraced actively by a growing network of corporations, universities, investors, governments, and NGOs around the world.

  • Great Barrier Reef, Reeling Under Extensive Coral Bleaching, Finds No Mention In Key UN Climate Report

    WORLD, 2016/05/28 The Great Barrier Reef — the world’s largest living structure — contributes over $5 billion annually to the Australian economy, with tourism accounting for a huge chunk of the money generated. However, in recent years, climate change-induced ocean acidification has severely damaged the iconic structure, putting at risk not only the countless species that depend on it, but also the revenue stream that supports a significant portion of economic activity in Australia.

  • Air pollution rising at an 'alarming rate' in world's cities

    WORLD, 2016/05/13 Outdoor air pollution has grown 8% globally in the completed five years, with billions of people around the world presently exposed to dangerous air, according to new data from additional than 3,000 cities compiled by the World Health Organisation (WHO). According to the new WHO database, levels of ultra-fine particles of less than 2.5 microns (PM2.5s) are highest in India, which has 16 of the world’s 30 most polluted cities. China, which has been plagued by air pollution, has improved its air quality since 2011 and presently has only five cities in the top 30. Nine other nations, inclunding Pakistan and Iran, have one city each in the worst 30.

  • The New Truth About Free Trade

    UNITED STATES, 2016/03/20 I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. The old-style trade agreements of the 1960s and 1970s increased worldwide request for products made by American workers, and thereby helped push up American wages. The new-style agreements increase worldwide request for products made by American corporations all over the world, enhancing corporate and financial profits but keeping American wages down.The fact is, recent trade deals are less about trade and additional about world investment .

  • Asian Shares Fall Amid Lack Of Triggers

    CHINA, 2016/03/16 Asian shares slid from a 10-week high on Tuesday as oil prices fell again on oversupply concerns and the Bank of Japan preferred to stand pat on rates next its amaze January decision to adopt negative interest rates. Lackluster cues from Wall Street, a weaker yuan and profit taking next recent sharp gains as well kept investors on edge ahead of a two-day Federal Reserve monetary policy conference that gets underway tonight. Chinese shares recouped early losses to end modestly higher next sharp gains the previous day. The benchmark Shanghai Composite closed 4.87 points or 0.17 % higher at 2,864.37 next falling around 1 % before in the session. Hong Kong's Hang Seng index dropped 146.57 points or 0.72 % to 20,288.77.

  • Key Main Street Events of Week Render Mood Cautious

    WORLD, 2016/03/15

  • RBA's Lowe Says Subdued Wages To Keep Monetary Policy Very Accommodative

    AUSTRALIA, 2016/03/08 Subdued wage increase is likely to keep inflation low and monetary policy very accommodative, Reserve Bank of Australia Deputy Governor Philip Lowe said Tuesday. "It is possible that wage outcomes will remain very subdued even in nations with strong labor markets," Lowe said in a speech Adelaide. If this turns out to be the case, again it is likely that inflation rates will as well continue to be very low and monetary policy very accommodative, he added.

  • The Chinese elephant in Australia–Japan relations

    CHINA, 2016/03/04 Before this month, Foreign Minister Julie Bishop visited Tokyo, where she outlined an increasing emphasis on security cooperation between Japan and Australia. The next day she was in Beijing, where she reportedly received a frosty reception. The two are not unrelated — Beijing is not thrilled about Australia’s growing security ties with Japan. Because Australia is concerned about China’s increasing assertiveness in the region, but at the same time benefits from China economically, we find ourselves in somewhat of a foreign policy pickle. In this very complex situation, it is critical that Australian policymakers respond with both immediate and long-term outcomes in mind. To understand the long-term implications for Australia’s interests of policies drawing Japan and Australia closer together, we need to understand how Chinese policymakers view the world and China’s role within it.
Trending Articles