Brazil's JBS, the world's biggest meat group, beefed up its growth in Australia with the 1.25bn dollars purchase of Primo Smallgoods Group. JBS said that through its JBS Australia business, it had paid Aus$1.45bn in cash for the supplier of the likes of ham and bacon to Oceania.
Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
China and Australia have sealed a major free trade agreement, as Chinese President Xi Jinping made a rare address to parliament in Canberra. The deal, the result of a decade of talks, will open up markets worth billions of dollars, Canberra says.
Australia will continue to push for Marine Protected Areas (MPAs) off East Antarctica despite the proposal not being adopted at the annual Commission for the Conservation of the Antarctic Marine Living Resources, (CCAMLR) which last month met in Hobart, Tasmania.
The Australian Capital Territory of Canberra in Australia is the best place in the world to live, according to a report by the Organization for Economic Cooperation and Development (OECD). Canberra led the regional ranking while Australia topped the overall country rankings, followed by Norway.
Australia on Tuesday agreed to scrap a contested resources profits tax after the government struck a surprise deal with crossbench senators, including mining tycoon Clive Palmer. The Minerals Resource Rent Tax (MRRT) was introduced by the previous Labor administration in 2012, with a levy on annual profits above 70 million dollars on iron ore and coal at a rate of 30%.
Philip Morris International, the world's largest tobacco company, is prepared to sue the British government should it implement a law requiring plain packaging of cigarettes, a document showed.
Unsurprisingly, most Australians don’t know much about the Falkland Islands, so visiting Legislative Assembly member Mike Summers faced lots of questions during his trip to Melbourne this week.
Mike Summers Member of the Legislative Assembly of the Falkland Islands will visit New Zealand and Australia this week as part of a regional tour where he will present the Falklands as a modern, thriving democracy and address the Falkland Islanders right to self determination. There are long-standing links between the countries, and this tour hopes to build upon existing relationships.
New Zealand's government has stepped up efforts to contain the fallout from a scare over contaminated products made by dairy giant Fonterra. Officials have been sent to Fonterra facilities in New Zealand and Australia to oversee the flow of information.