Treasurer Jim Chalmers said he had "very constructive" talks with his US counterpart Scott Bessent in Washington. Discussions about avoiding tariffs on steel and aluminum were a key part of Chalmer's agenda, which also included broader Australia-US economic ties. The country's corporate watchdog is reviewing regulatory oversight of private markets as the country's A$4.1 trillion ($2.6 trillion) pensions sector fuels an explosion of activity in the space, while public listings have plunged. Australia was unaware Chinese warships were set to conduct live-fire exercises off its east coast until its security authorities were alerted via a Virgin Australia pilot. Rob Sharp, chief executive officer of Airservices Australia, told a Senate hearing late Monday that his organization only became aware of the drills shortly before they began. As Prime Minister Anthony Albanese says President Donald Trump has agreed to consider an exemption for Australia from US tariffs on steel and aluminum, Australian Chamber of Commerce and Industry CEO Andrew McKellar joins Bloomberg's Australia Ahead program to discuss the impact of Trump's trade war on businesses, and what policies firms are seeking from Canberra ahead of a national election due in the next few months. China is emerging as a clear winner in the new energy race due to its dominance in solar panel production, with the country's technological expertise positioning it to build stronger relations with emerging powers as countries like Brazil, Pakistan, and Saudi Arabia importing large quantities of solar panels, writes Bloomberg Opinion's David Fickling. Woodside Energy Group Ltd. is preparing to give the go-ahead for its Louisiana LNG project as Australia's biggest natural gas producer looks beyond its core markets in Asia. The company is "in the process of bringing partners into that development" and wants to make a final decision from this quarter, Chief Executive Officer Meg O'Neill said in an interview with Bloomberg TV on Tuesday. |
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