Norway is Europe’s leading producer of oil and gas with an output of more than 4 million barrels per day. Commercial drilling began in the early 1970s along the Norwegian continental shelf and now includes offshore activity in the North Sea, Norwegian Sea, and Barent Sea. Today, Norway’s oil and gas industry is one of
Australian Prime Minister Anthony Albanese awarded Canadian Prime Minister Justin Trudeau high praise after announcing his resignation. “I wish Justin Trudeau all the very best in whatever he chooses to do next in his life”, Albanese said. “I regard him as a personal friend, but he is a great friend of Australia”. Trudeau resigned amid
A much better trading session for Asian stocks as the slightly weaker USD takes some pressure off while Chinese stocks finally saw a rebound on PBOC speculation of support. The Japanese financial minister talked up Yen which saw a near one year high in the USDJPY pair before the inevitable retracement while the Australian dollar
It is official. Canadian Prime Minister Justin Trudeau has resigned amid growing pressure from Liberal Party coleagues. Trudeau, who has been in power for nine years, announced that parliament would be adjourned until March 24 to facilitate a new government and allow time for a new Liberal leader to be elected before the next election.
If a federal election were held today the L-NP would win, with a two-party preferred (2PP) vote of 53% (up 1% since Christmas) compared to the ALP on 47% (down 1%). In an interesting turn of events, the shift away from the ALP to L-NP on a two-party preferred basis came directly from the Green
Prime Minister Anthony Albanese was asked a number of times on Monday if he will be taking any new tax changes to the federal election, but he declined to reveal if he has any plans to do so. Albanese’s refusal comes as Treasury expects that income taxes will comprise 52% of total tax receipts in
Starting from 1 July 2024, Victorian non-profit private schools with an income per student exceeding $15,000 were subject to a 4.86% payroll tax. Collectively, these schools would pay the Victorian government an estimated $101.8 million in 2025. According to analysis by The Age, the payroll tax charge has driven an annual tuition increase of 6.5%
The Australian’s Nick Cater claims that former Greens leader Bob Brown would not recognise the current party. According to Cater: The Greens stopped playing by grown-ups’ rules about five years ago when the pragmatic Richard Di Natale resigned as leader and was replaced by the hardline Bandt. For Bandt, legalising same-sex marriage wasn’t a victory
A KPMG survey of 320 C-suite executives and board directors about their major challenges over the short and medium term cited high house prices and skyrocketing rents as the top areas of concern affecting the economy. “Forty-eight per cent of business leaders named “meeting the challenges of housing availability and affordability” as the top social
The latest data from the Department of Education shows there were a record 1,018,799 enrolments in the year to September 2024, up 128,447 from the prior year. As illustrated in the following table, universities (higher education) experienced annual enrolment growth of 64,217, whereas VET enrolments grew by 63,876. Growth in enrolments since 2019 was highest in