23:49

Reserve Bank of Australia Lowers Interest Rate to 4.1%

The Reserve Bank of Australia (RBA) has cut its policy interest rate by 25 basis points to 4.1%, marking its first reduction since November 2020. The move follows a prolonged tightening cycle that saw rates rise from 0.1% to 4.35% between May 2020 and November 2023.

10:15
Australia

Sydney celebrates first day of Lunar New Year with traditional lion dance

Revellers ushered in the Lunar New Year in Sydney’s Chinatown on January 29 with a street festival, featuring traditional lion dances and family-friendly snake models. The Sydney Lunar New Year festival runs until February 16, offering night markets, performances, and dragon boat racing.

15:18
Australia

3 dead in Australian plane crash

In Australia, 3 people have died after a light aircraft crashed near Rottnest Island on Wednesday. The plane was carrying 6 passengers and plunged into the sea shortly after takeoff.

16:50

Australia-Pacific COP31 bid faces uncertainty

The decision on who will host COP31 has been postponed until next June. Regardless of whether Australia wins the bid, the world's third-largest fossil fuel exporter must focus on creating a plan to phase out its coal and gas production, Eco-Business reports.

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