Friday, September 18, 2026
Finance news and analysis from Hometown Post
Breaking
Business Retail sales bounce back across Great Britain Business Women Leaders Association Names Denise Byers as Minneapolis Coaching Partner, Expanding the Chapter's Vetted Coaching Roster Business Women Leaders Association Names Kate Zappitelli as First Denver Coaching Partner, Bringing an Executive Team Alignment Expert to Colorado's Women Professionals Business Women Leaders Association Names Shelley A. Smith as First Milwaukee Coaching Partner, Bringing a Coach Who Trains and Credentials Other Coaches Business Retail sales bounce back across Great Britain Business Women Leaders Association Names Denise Byers as Minneapolis Coaching Partner, Expanding the Chapter's Vetted Coaching Roster Business Women Leaders Association Names Kate Zappitelli as First Denver Coaching Partner, Bringing an Executive Team Alignment Expert to Colorado's Women Professionals Business Women Leaders Association Names Shelley A. Smith as First Milwaukee Coaching Partner, Bringing a Coach Who Trains and Credentials Other Coaches
Business

Australia news live: Burke defends immigration policy; China says Aukus ‘destabilises region’, ambassador to US tells thinktank

From 30m ago Labor 'worked through all the policy issues' on immigration, Burke says Caitlin Cassidy The home affairs minister, Tony Burke , has defended the time Labor has taken to release its immigration plan and laid blame with the Coalition, who he believe…

Australia news live: Burke defends immigration policy; China says Aukus ‘destabilises region’, ambassador to US tells thinktank

From 30m ago Labor 'worked through all the policy issues' on immigration, Burke says Caitlin Cassidy The home affairs minister, Tony Burke , has defended the time Labor has taken to release its immigration plan and laid blame with the Coalition, who he believed “might have more of an appetite for legislation”. Burke appeared on ABC’s 7.30 program after releasing the plan was released on Thursday, and was asked “what took you so long” given he was meant to speak at the National Press Club six weeks ago. He said the Labor party had spent time “working through all the policy issues”, and navigating the visa system was complex. double quotation mark Every part of the economy is affected by immigration these days for Australia, and so ... dealing with the challenges we’ve got with housing supply, which is not immigration’s fault, but immigration needs to be part of the answer, to do that in a way that has the softest landing for the economy is something you’ve got to get right.

The opposition leader, Angus Taylor, told 7.30 that the Coalition had “laid out what we needed as preconditions in order to be able to work with the government and they couldn’t meet the preconditions”. double quotation mark The numbers are too high and what we’ve seen from the government today is no cut to the numbers ... We are a great immigrant nation. Make no mistake about it.

But immigration needs to be capped based on the housing supply, the infrastructure, the services we have, and that has not been the case in recent years. Key events 5m ago 'Sovereignty, prosperity and peace are not a given': Penny Wong 14m ago Albanese to meet Apple boss after social media reform 28m ago Britain’s Aukus chief says adversaries’ hatred of deal shows its success 30m ago Labor 'worked through all the policy issues' on immigration, Burke says 31m ago Welcome Ben Doherty Kurt Campbell , chairman of the Asia Group and formerly the national security coordinator for the Indo-Pacific in the Biden administration, told a US thinktank that US willingness to work with allies “occasionally is lost” but that he hoped for a return to a more globally engaged America. The CSIS event marked five years since the announcement of the Aukus pact between the US, UK and Australia. double quotation mark I believe that this enduring quality of American diplomacy will see a brighter day again.

I would simply say that the idea that we will enhance our security by withdrawing from allies and partners is deeply, profoundly misguided. And we have many historical examples of moments of American retrenchment. In almost every case that has led to degrees of global calamity.

And so I’m all for opportunities to work constructively with allies and partners. Campbell said while the US had partnerships with other nations that were strong and durable “they come frankly, from a tradition of a degree of paternalism”. double quotation mark On the part of the United States, we’ve got to clear out some of those hurdles that make cooperation with the United States that much more difficult. And it means approaching some of these partnerships with a much higher degree of humility.

Under Pillar One of the proposed Aukus agreement - a multi-decade deal slated to cost Australia $368bn to the mid-2050s – Australia will buy three ‘in-service’ Virginia-class nuclear-powered, conventionally armed submarines from the US, beginning in 2032. From the early 2040s, Australia expects to deploy a new, larger Aukus class submarine. The new class will be designed in the UK, and the first boat built for the Royal Navy.

Australia will then build Aukus submarines - except for their nuclear reactors - in South Australia. But the proposed deal has faced consistent criticism over laggard shipbuilding rates in both the US and UK, and over Australia’s sovereign control of the boats: whether Australian submarines would be expected to join any potential US conflict in Australia’s region. 'Sovereignty, prosperity and peace are not a given': Penny Wong Anthony Albanese will head to New York to lead Australia’s delegation at the United Nations General Assembly’s high-level week, to promote Australia’s commitment to multilateralism and meet international partners. The prime minister will also deliver Australia’s National Statement, which will share Australia’s values and priorities at the event, which is the largest annual gathering of world leaders.

The government named digital safety, climate change, security and peace among its priorities at the UN general assembly. In a statement, the foreign affairs minister Penny Wong said “sovereignty, prosperity and peace are not a gift or a given.” double quotation mark From building coalitions for the protection of aid workers and the rules countries like Australia rely on for our security and prosperity, to advocating for a better UN system fit for these uncertain times. Albanese to meet Apple boss after social media reform Anthony Albanese will today fly to the United States to visit the Apple headquarters in California just weeks after the government released sweeping reform that was designed to keep children safe online.

The prime minister will meet with Tim Cook , Apple’s executive chair of the board of directors, to discuss Apple’s new parental controls for children – which the government characterised as “in part inspired by Australia’s groundbreaking reform”. It comes after Labor introduced its digital duty of care reform, including new laws that require platforms to protect children from online harms including content that glorifies eating disorders, misogyny, crime or stunts, and abuse or bullying. In a statement, Albanese said he was “proud that Australia is setting the world standard for digital safety”.

Britain’s Aukus chief says adversaries’ hatred of deal shows its success Ben Doherty One of the markers of the success of the Aukus nuclear submarine deal is how much it is opposed by potential adversaries, Britain’s Aukus chief has told a Washington DC thinktank. Sir Stephen Lovegrove , the UK prime minister’s special representative on Aukus, told an event at the Center for Strategic and International Studies: “our adversaries hate Aukus”. double quotation mark They really hate it. And in a sense, the way in which you can judge whether or not it is doing the things that you want it to do is how much people who don’t necessarily share our value systems and our objectives are objecting to it.

Australia’s ambassador to the United States, Greg Moriarty – secretary of the defence department when the Aukus deal was struck in 2021 – concurred, saying China had “made clear it’s very unhappy with Aukus”. double quotation mark It believes that – or it’s said as much, I’m not sure if it believes it – that it’s destabilising the region. I think when you look at the way in which China is putting additional nuclear-powered submarines, additional nuclear armed submarines, it’s building its submarine capability and its nuclear missile capability at such a pace, these Australian boats are not destabilising the region. We are seeking to balance in the region and ... the growth of PLA nuclear powered submarine capabilities is very profound.

Labor 'worked through all the policy issues' on immigration, Burke says Caitlin Cassidy The home affairs minister, Tony Burke , has defended the time Labor has taken to release its immigration plan and laid blame with the Coalition, who he believed “might have more of an appetite for legislation”. Burke appeared on ABC’s 7.30 program after releasing the plan was released on Thursday, and was asked “what took you so long” given he was meant to speak at the National Press Club six weeks ago. He said the Labor party had spent time “working through all the policy issues”, and navigating the visa system was complex. double quotation mark Every part of the economy is affected by immigration these days for Australia, and so ... dealing with the challenges we’ve got with housing supply, which is not immigration’s fault, but immigration needs to be part of the answer, to do that in a way that has the softest landing for the economy is something you’ve got to get right.

The opposition leader, Angus Taylor, told 7.30 that the Coalition had “laid out what we needed as preconditions in order to be able to work with the government and they couldn’t meet the preconditions”. double quotation mark The numbers are too high and what we’ve seen from the government today is no cut to the numbers ... We are a great immigrant nation. Make no mistake about it.

But immigration needs to be capped based on the housing supply, the infrastructure, the services we have, and that has not been the case in recent years. Welcome Good morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Stephanie Convery with the main action.

The woman believed to be the mother of a newborn baby found dead in a bin in Sydney last month has been arrested. More coming up.

Source: The Guardian

Distributed to Finance · Hometown Post by RedPress.

Related News

Contact Advertise Search RSS