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Australia/Oceania

Luxon Advocates for CPTPP and EU Collaboration Amid Global Trade Disruptions

In light of the interruptions to global commerce brought on by U.S. tariffs, New Zealand Prime Minister Christopher Luxon is scheduled to meet with fo

In light of the interruptions to global commerce brought on by U.S. tariffs, New Zealand Prime Minister Christopher Luxon is scheduled to meet with foreign leaders to support rulesbased free trade. The Comprehensive and Progressive Agreement for TransPacific Partnership CPTPP will be strengthened, and Luxon intends to explore cooperation with the European Union. He stressed the significance of standing up for the institutions that support New Zealands economic interests. Later this month, Luxon is scheduled to travel to the United Kingdom to meet with Prime Minister Keir Starmer to address geopolitical, trade, and security issues. This programme is an example of New Zealands proactive approach to fostering international collaboration and overcoming trade obstacles. Read More..

B2B Tech News | 4 days ago         

Coordinated Cyberattack Hits Australian Pension Funds, Compromising 20,000 Accounts

Over 20,000 member accounts of several Australian pension funds were compromised in a coordinated cyberattack. REST, Hostplus, Insignia Financial, Aus

Over 20,000 member accounts of several Australian pension funds were compromised in a coordinated cyberattack. REST, Hostplus, Insignia Financial, AustralianSuper, and Australian Retirement Trust are among the major funds impacted. Unauthorised withdrawals totalling AUD 500,000 were made by hackers using passwords they had obtained to gain access to accounts. The funds have acted immediately, including adopting cybersecurity protocols and closing portals. In order to prevent future intrusions, authorities are focusing on implementing reforms such as obligatory multifactor authentication and bolstering security measures. Vulnerabilities in Australias AUD 4.2 trillion superannuation sector are highlighted by this occurrence. Read More..

B2B Tech News | 12 days ago         

RBA Expected to Hold Cash Rate at 4.10% in April Amid Inflation Concerns

A Reuters poll predicts that the Reserve Bank of Australia RBA will maintain its cash rate at 4.10% at its April 2025 meeting. The RBA is expected to

A Reuters poll predicts that the Reserve Bank of Australia RBA will maintain its cash rate at 4.10% at its April 2025 meeting. The RBA is expected to hold off on making any more adjustments until it sees more convincing evidence of reducing inflation. However, after the release of comprehensive inflation statistics in May, a 25 basis point rate drop is anticipated. To prevent overheating the housing market, the RBA is nonetheless wary about aggressive easing, even though it has already enacted one rate decrease this year, in February. The RBAs target inflation range of 23% has been reached, but core inflation of 3.2% is still concerning. This methodical approach reflects the RBAs emphasis on striking a balance between economic growth and inflation control. Read More..

B2B Tech News | 12 days ago         

Australias Inflation Stabilizes at 2.5% in January 2025

Given that the Consumer Price Index CPI increased by 2.5 per cent in the 12 months ending in January 2025, Australias inflation rate appears to be sta

Given that the Consumer Price Index CPI increased by 2.5 per cent in the 12 months ending in January 2025, Australias inflation rate appears to be stabilising. Housing +2.1%, food and nonalcoholic beverages +3.3%, and alcohol and tobacco +6.4% are the main causes of this increase. However, a notable 11.5% drop in electricity prices helped to counterbalance the overall increase. With both increasing pressures in some areas and relief in others, these numbers point to a balanced inflationary tendency. To inform its choices on monetary policy, the Reserve Bank of Australia is keeping a careful eye on these developments. Read More..

B2B Tech News | 12 days ago         

Australia FastTracks A$1 Billion Defense Spending to Boost Military Capabilities

To improve military capabilities, Australia intends to expedite A$1 billion in defence spending in its next federal budget. The construction of an AUK

To improve military capabilities, Australia intends to expedite A$1 billion in defence spending in its next federal budget. The construction of an AUKUS submarine base, the purchase of Precision Strike Missiles and High Mobility Artillery Rocket Systems, and the production of guided weapons are important projects. Australias longrange strike capabilities and regional mobility are intended to be strengthened by these actions. Australias will to fortify its defence infrastructure in the face of changing security threats is reflected in the decision. Read More..

B2B Tech News | 12 days ago         

ANZ Bank Predicts Gold to Hit $3,200/oz in Six Months Amid Market Uncertainty

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The economic uncertainty associated with U.S. President Donald Trumps tariff policy caused gold to soar beyond $3,000 an ounce. Geopolitical concerns, loosening monetary policy, and robust central bank purchases are all blamed for the increase. Gold has risen more than 14% this year, reaching 14time highs. In addition to reducing liquidity in the London spot gold market, import duties have caused spreads on Comex futures to widen. Silver prices are expected to fluctuate between $34 and $36 an ounce, with demand from investors having a significant impact. Read More..

B2B Tech News | 1 months ago         

India, New Zealand Restart CECA Talks After DecadeLong Pause

The Comprehensive Economic Cooperation Agreement CECA talks between India and New Zealand have resumed after a tenyear break. These negotiations began

The Comprehensive Economic Cooperation Agreement CECA talks between India and New Zealand have resumed after a tenyear break. These negotiations began in April 2010 and came to a standstill in 2015 following nine rounds. The revived talks aim to promote mutual progress and prosperity by increasing trade in investments, goods, and services. During New Zealand Prime Minister Christopher Luxons fourday visit to India, Commerce and Industry Minister Piyush Goyal and Trade and Investment Minister Todd McClay made the announcement. Between April and January 2025, bilateral trade between the two countries exceeded $1 billion, demonstrating consistent growth. With an emphasis on fair results that strengthen supply chain integration and expand market access, the CECA discussions aim to open up new opportunities for companies and consumers. Read More..

B2B Tech News | 1 months ago         

Australia Launches $16M Trade Accelerator Fund to Boost India Ties

Australia has established a $16 million AustraliaIndia Economic and Investment Accelerator Fund to improve economic relations with India, emphasising

Australia has established a $16 million AustraliaIndia Economic and Investment Accelerator Fund to improve economic relations with India, emphasising sustainable energy, tourism, agribusiness, and education. The plan lists fifty engagement opportunities to enhance IndoPacific economic cooperation. An extra $4 million has been set up for the Maitri Grants program to strengthen business and cultural relationships. Australias commercial diversification depends on India, Prime Minister Anthony Albanese stressed. By the end of the year, the program will have reduced $2 billion in tariffs and saved businesses millions of dollars under the current free trade deal. Additionally, Australia is moving on with trade negotiations for a new agreement to increase investment opportunities and strengthen strategic and economic links in the IndoPacific. Read More..

B2B Tech News | 1 months ago         



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