China revealed on Monday that it will raise its military budget by US$ 175 billion for the 2018 fiscal year, 8.1% increase that is the largest military spending hike in three years. According to Premier Li Keqiang, the additional funding will “advance all aspects of military training and war preparedness, and firmly and resolvedly safeguard national sovereignty, security, and development interests.”
Australia and Peru have signed a new trade deal that is expected to lead to more local products - including beef, sugar, almonds and dairy - being sold in nation which is a full member of the Pacific Alliance.
Norway’s Ministry of Foreign Affairs tweeted a helpful clarification for Australian travelers, who had been warned by their government about Norwegian polar bear attacks.
Australia experienced its third-warmest year on record in 2017, according to the nation's Bureau of Meteorology. The national mean temperature of 22.75C was almost 1C higher than a 1961-1990 baseline, its annual report revealed. Only 2005 and 2013 were warmer, based on records kept for about a century.
Australia has criticized UK's post-Brexit trade plans to split quotas of food imports from around the world. EU rules allow for a certain amount of goods to be brought in from countries outside of the Union without charging full tariffs, but after Brexit, the UK and EU want to split these quotas, based on where the goods are mostly consumed.
Britain is “a bit gloomy” about Brexit and can achieve success outside the European Union, Australia’s high commissioner to the UK has said. Alexander Downer said the UK could be “cautiously optimistic” about achieving a new free trade deal with the EU, and could forge a new and successful economic policy if it pursued the right path domestically.
Tobacco giant Philip Morris has been ordered to pay the Australian government millions of dollars after unsuccessfully suing the nation over its world-first plain-packaging laws.
More than 200 weather records were broken during Australia's most recent summer, a climate group has warned. The Climate Council report, titled Angry Summer, said the season was defined by intense heat-waves and bushfires in eastern Australia but heavy rain and flooding in the west.
Australia's economy has jumped sharply in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth.
LATAM Airlines Group today announced it will operate a new, non-stop service between Santiago and Melbourne, Australia, from 5 October 2017. The westbound Santiago-Melbourne leg – measuring more than 11,000 km in distance with a flight time of approximately 15 hours – will become the longest non-stop flight in LATAM´s history.