The Australian economy grew 0.4 percent in the fourth quarter of 2017, fueled by the household sector but slightly lower than economic forecasts, according to figures from the Australian Bureau of Statistics released on Wednesday.
The US Treasury Department in a report announced that the world’s biggest economy lost over a trillion dollars in 2017 – a figure which experts say is clearly above the gross domestic product (GDP) of a country like Australia.
Australia’s healthcare system is contributing more than seven percent of the nation’s carbon footprint, with hospitals and pharmaceutical companies forming the bulk of health-related emissions, an analysis led by the University of Sydney has found.
Australia on Monday said it expects iron ore prices to average $51.50 a ton this year, down 20 percent from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks.
The Australian and New South Wales (NSW) governments joined the president of Australia’s International Council on Monuments and Sites (ICOMOS) Ian Travers to announce that Sydney will host 1,200 global heritage experts in 2020, at the next Triennial General Assembly of ICOMOS.
There were loud cheers, hugs and sustained clapping in the lower House of Representatives when all but four MPs voted in support of marriage equality, after the upper house Senate passed the bill 43-12 last week.
Australia's economy grew 0.6 percent in the third-quarter, as business investment lifted despite weak household spending, reflecting the divergence between the two segments, official data showed on Wednesday.