AUD News 

South Australia to Build an Enormous Solar Thermal Plant

“This announcement follows on the heels of a similar proposal to build a solar thermal plant in Tunisia that could generate 4 gigawatts for Europe” writes unknown author for popularmechanics.com. When most people think of solar power, they may picture solar panels like the kind that are increasingly seen on rooftops.Recently, the government of South Australia made a deal with Elon Musk to build the world’s largest battery storage facility, and now they’re planning to construct a gigantic solar thermal plant outside the city of Port Augusta.But solar thermal power…

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AUD News 

Obama administration urged Australia to change offshore detention refugee policy

“The Obama administration urged Australia to change its policy of offshore detention of refugees while agreeing to accept up to 1,200 people to relieve their suffering, a former senior US official has said” writes Paul Karp for theguardian.com. The United Nations has called Australia’s policy of offshore detention of asylum seekers unjustifiably punitive and unlawful, “cruel, inhuman and degrading treatment”.Higginbottom, who is now the chief operating officer of the aid organisation Care, singled out the “policy of detention” as the aspect of Australia’s policy rejected by the Obama administration.Turnbull also…

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AUD News 

US allies are stepping up to help with North Korea — and Kim Jong Un’s are backing down

“Australia, a long-time US ally, has stated that it will invoke a mutual defense if the US is attacked by North Korea” writes Alex Lockie for businessinsider.com. The US and Japan cooperate closely on defense, and Japanese ships support the US’s Aegis missile defense systems at sea and on land. Source: businessinsider.com Share This:

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AUD News 

Activists plan court action against Australia gay marriage postal vote

“Marriage equality has been a polarising issue in Australian politics for more than a decade, despite the majority of the population supporting same-sex marriage rights” writes Fraser Nelson for telegraph.co.uk. Liberal Party prime minister Malcolm Turnbull, who has personally voiced his support for marriage equality, is battling Right-wing colleagues who are against any changes to marriage laws. Source: telegraph.co.uk Share This:

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AUD News 

Australia PM dismisses Trump’s call for ‘fire and fury’ response to North Korea

“Australian Prime Minister Malcolm Turnbull has dismissed President Donald Trump’s pledge to respond to North Korea with “fire and fury” if it threatens to attack the U.S., warning that any resulting conflict would cause “catastrophic consequences” for the world” writes unknown author for cnbc.com. On Tuesday, Trump said North Korea “will be met with fire and fury like the world has never seen” if it threatens the United States. Source: cnbc.com Share This:

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AUD News 

Commonwealth Bank racks up another record profit

“Commonwealth Bank’s performance is viewed by some economists as an economic bellwether since it sells more home loans than any of its rivals, controlling about one quarter of the mortgage market” writes Robb M for marketwatch.com. Commonwealth Bank, the country’s largest lender by assets and market value, reported a 7.6% rise in net profit to 9.93 billion Australian dollars (US$7.86 billion) in the 12 months to June 30, from A$9.22 billion the year before.Narev told investors, adding that there was no evidence the allegations stemmed from a profit motive or…

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AUD Crypto News 

Australian Senators Call On the Reserve Bank to Back Bitcoin

“Senators in Australia are putting their political differences aside and are banding together to urge the Reserve Bank to back bitcoin as an official currency” writes unknown author for cryptocoinsnews.com. In April, it was reported that the Reserve Bank was studying the blockchain for the financial system.With the digital currency gaining prominence in value and increased adoption it has suddenly become a contender in the financial sector.So much so, that Australia’s lawmakers want the central bank to create its own digital currency and blockchain to use on the market.As part…

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AUD News 

Three people missing after Marine Corps aircraft crash near Australia

“The crash is just the latest mishap for Marine Corps aircraft” writes Thomas Gibbons-neff Is for washingtonpost.com. The aircraft was to assigned to Marine Medium Tiltrotor Squadron 265 and was operating with the 31st Marine Expeditionary Unit, or MEU. President Trump was briefed on the incident Saturday morning by his chief of staff, retired Marine Corps Gen. The incident was one of the deadliest military aviation accidents in decades, and it still remains unclear what brought the aircraft down. Source: washingtonpost.com Share This:

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