Australia will invest A$21 billion ($14 billion) to ramp up domestic missile and munitions manufacturing over a decade, in the latest step by the center-left Labor government to develop a long-range strike capability in the face of a regional arms race. Minister for Defence Industry Pat Conroy will announce the new program on Wednesday. The government's tardiness in rolling out vaccines during Covid-19 lengthened lockdowns and cost the Australian economy billions, an official inquiry into the nation's response to the pandemic has found. About 73% of Australians prefer Kamala Harris to win over Donald Trump, a new Lowy Institute poll shows. Executive Director Michael Fullilove says Harris seems more "pro-trade" than Trump. He discusses both candidates' policies on Bloomberg Television's Australia Ahead. Office buildings are starting to look like good value, according to AMP Ltd. Chief Investment Officer Anna Shelley. She's looking to the domestic office market for opportunities amid expectations that prices in the embattled sector don't have much further to fall after shedding more than a quarter of their value. Top WiseTech Global shareholder Aware Super is pushing for yet more transparency at the troubled company after founder Richard White stepped down as chief executive officer amid allegations about his behavior with women. Meantime, shares of Solomon Lew's Premier Investments soared after the company agreed to sell its apparel brands to Myer in a deal that cements the billionaire's dominance across Australian retail. |
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