Sydney

Australia's central bank hiked interest rates to an 11-year high yesterday and warned that further rises may be on the horizon to get surging prices under control.

The Reserve Bank of Australia lifted the key rate 25 basis points to 4.1 percent, its highest level since May 2012, with governor Philip Lowe saying inflation had "passed its peak" but was still stubbornly high.

President Joe Biden's departure Wednesday to the G7 in Japan was meant to launch a geostrategic masterclass on rallying the world's democracies against China. Instead, he will limp into an abruptly truncated journey facing concerns that the US debt ceiling row is about to tear up the global economy.

Asian and European markets rose yesterday, tracking a rally on Wall Street fuelled by a strong rebound in U.S. regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy.    

Mytilineos on Monday announced the acquisition of a 15% equity stake in Clara Energy's Rosedale Green Hydrogen project in Australia.

The Greek National Tourism Organization (GNTO) will reopen in Australia, Greek Tourism Minister Vassilis Kikilias and Australian Ambassador to Greece Arthur Spyrou reiterated on Tuesday.

The Greek National Tourism Organization (GNTO) will reopen in Australia, it was announced on Tuesday by Greek Tourism Minister Vassilis Kikilias and Australian Ambassador to Greece Arthur Spyrou.

Millions of dead and rotting fish have clogged a vast stretch of river near a remote town in the Australian outback as a searing heatwave sweeps through the region.

Videos posted to social media showed boats ploughing through a blanket of dead fish smothering the water, with the surface barely visible underneath.

Masood Zakaria, one of the top figures in the Alameddine crime network, which has been waging a blood-soaked war on Sydney's streets since 2020 and described as the "most wanted man in Australia," has been caught in the Aegean province of Muğla's Bodrum district.

World number three Casper Ruud cruised past Thiago Monteiro in straight sets but it was in vain as Norway crashed in their mixed teams United Cup tie against Brazil in Brisbane on Jan. 1.

After the Brazilians won both opening singles rubbers on Dec. 31, Ruud's 6-3, 6-2 victory brought his country back into contention.

Norway's Tobias Foss pulled off a huge upset to dethrone two-time defending champion Filippo Ganna and claim a maiden time-trial title at cycling's road world championships in Australia on Sept. 18.

The 25-year-old conquered the 34.2-kilometer circuit in 40 minutes 02.78 seconds to edge Swiss powerhouse Stefan Kung by 2.95 seconds.