Pay for women and men at firms in Australia's financial and insurance services sector remains among the most unequal, with high-paying employers the most likely to have a pay difference in favor of men, according to expanded data from the Workplace Gender Equality Agency. The 22.2% pay gap in finance and insurance was second only to the construction industry. Australia's east coast is bracing for abnormally high tidal surges, intense rainfall, damaging winds and life-threatening flooding, with a cyclone forecast to make landfall near Brisbane. Tropical Cyclone Alfred is expected to turn westward toward the southeast Queensland coast from today.
Star Entertainment shares were suspended from trading Monday as the struggling casino operator tries to arrange a last-ditch funding package and stave off collapse. Signage for The Star complex, operated by Star Entertainment Group, in Sydney. Photographer: Brent Lewin/Bloomberg Australia's wheat crop this season was likely 7% bigger than previously expected as production in northern cropping regions of Western Australia and New South Wales jumped, according to a government report. China's ambassador to Australia has criticized a decision to ban artificial intelligence app DeepSeek from government systems and devices. Ambassador Xiao Qian's comments came as a Chinese naval task force continued to skirt Australia's territorial waters, after holding live-firing drills, in an apparent plan to circumnavigate the country. New Zealand exports outpaced imports in the final three months of last year, adding to signs of a recovery from recession. Export volumes rose 1.3% from the third quarter while import volumes shrank 1.7%, Statistics New Zealand said Monday. It's the first time net exports have been positive — implying a contribution to gross domestic product — since early 2024. |
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