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Daily Archives: November 27, 2020

How Australia negotiated the release of Kylie Moore-Gilbert from Iran

It was also the moment that justified the government’s strategy of “quiet diplomacy” – an Australian detained and imprisoned in Iran for 804 days, often in solitary confinement, was free and on her way home. It was vindication for the government, which had been under pressure to make its campaign …

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Best of the business week: China strikes again; A November to remember on ASX; Bega’s new era

In retaliation, China has targeted a range of Australian export industries with sanctions. They have mostly been soft commodities exports, but coal has been in the firing line and there is a belief copper could be next. Importantly, the business sector is broadly supportive of the government’s approach to stand …

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Clean and green: powering through ‘watershed week’ for energy policy

Loading It was the first instalment of what Victoria trusts will be a bilateral bonanza on the scale of the $3 billion deal agreed earlier this year between the Berejiklian and Morrison governments. “It’s been a real watershed week,” Kane Thornton, the chief executive of the Clean Energy Council, says. …

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‘Apocalyptic’ deficits: the sea of red facing every state

Victorian Treasurer Tim Pallas was this week the latest to face the budget reckoning. In the state hardest hit by the coronavirus pandemic, he announced a deficit of $23.3 billion this year that will still be around $6 billion by 2023-24. Only one state, Western Australia, has so far avoided …

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Life’s a game and we all need to know how to play

Today parents see sport as the antidote to kids playing on evil “devices”. The indoors was a place frequented by prison-paloured miscreants that wandered around snooker halls in plumes of smoke, or who balanced beer in one hand and a dart in the other. Sport is not only healthy: it …

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Gaming bonanza on Telstra, Optus radar as gamers light up the net

But what started out for some as a pandemic hobby has turned into a new battleground for telco providers on the hunt for new customers. Telstra and Optus are now relying on the rapid growth of the sector to continue as they fork out large sums of money to deliver …

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‘They’re in the Stone Age’: Is the ASX monopoly short-changing investors?

Normal text sizeLarger text sizeVery large text size It was a warm, clear morning in Bondi on the 16th of November when veteran mining entrepreneur Blake Cannavo noticed something was wrong. The one-time Fortescue Metals executive had just finished a swim and excitedly checked his phone. Cannavo’s latest endeavour, small …

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Inner west gentrification lures buyers

The property is on the corner of Indwe Street, opposite Hansen Reserve and located between West Footscray and Tottenham railway stations. Cadence also paid $14 million for the former quarantine station in Spotswood. Riverside auction Investors have been digging deep into their pockets for the second week of auctions. A …

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Car parking spaces set to to be filled as workers return to the city

Its Melbourne occupancies slumped to 5 per cent during the city’s second period of isolation.Wilson Parking chief executive Stephan Wuffli said: “Pretty much all the states are back to pre-COVID occupancy, except for Melbourne, which is still sitting around 10 per cent. “But our revenues are down 30 per cent …

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Byron Bay losing its sand with businesses forced to consider relocation

Normal text sizeLarger text sizeVery large text size Ben Kirkwood’s Beach Byron Bay restaurant now has “the best ocean views in town” but that’s not what he wanted. A storm in October stripped the last remaining dunes in front of the popular outlet at Clarkes Beach, taking a row of …

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