Australia

Brittany Higgins: Rape case that shook Australian politics abandoned over mental health fears

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Brittany Higgins: Rape case that shook Australian politics abandoned over mental health fears

Sydney, Australia CNN — Prosecutors in Australia have ended high-profile legal action against a former government staffer accused of raping a colleague inside Parliament House, saying a retrial would pose a “significant and unacceptable risk” to the woman’s life. The Australian Capital Territory (ACT) director of public prosecutions, Shane Drumgold, told reporters Friday that the … Read more

Australia stuns Denmark to reach World Cup knockout stages

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Australia stuns Denmark to reach World Cup knockout stages

CNN — Australia stunned Denmark – a team ranked 28 places above the Socceroos in FIFA’s World Rankings – to reach the World Cup knockout stages thanks to a brilliant goal from Mathew Leckie that secured a 1-0 victory. It had been a tense, scoreless first half, marked by Denmark dominating possession and failing to … Read more

Asia markets fall amid unrest in China over Covid restrictions

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Asia markets fall amid unrest in China over Covid restrictions

Oil prices slip as China’s Covid protests continue Crude oil futures slipped early in Asia as high Covid cases, virus restrictions and unrest in China raise fears about demand from the world’s second-largest oil consumer. West Texas Intermediate futures shed 0.35% to $76.01 per barrel, while Brent crude futures lost 0.26% to $83.41 per barrel. … Read more

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

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Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Tencent, NetEase stocks rise after China approves game titles Shares of Chinese tech companies Tencent and NetEase listed in Hong Kong rose after the companies were granted gaming licenses by China’s National Press and Publication Administration. Tencent shares rose 3% at open, and NetEase rose more than 5%. The regulator issued licenses for some 70 … Read more

Meituan, Tencent, APEC leaders meet, Japan trade, Australia unemployment

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Meituan, Tencent, APEC leaders meet, Japan trade, Australia unemployment

Meituan shares drop 6% after Tencent slashes stake Tencent said the tranche of shares is roughly 90.9% of its stake in the company and 15.5% of total shares Meituan has issued as of Oct. 31. Tencent said the stake was worth about 159 billion Hong Kong dollars (roughly $20.32 billion) as of the Tuesday close. … Read more

Indonesia’s Widodo calls on G20 to work to ‘end the war’ | Politics News

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Indonesia’s Widodo calls on G20 to work to ‘end the war’ | Politics News

Indonesian President Joko Widodo has opened the G20 summit in Bali with a call for the world to “end the war” and bridge “wide differences” amid rifts over Russia’s invasion of Ukraine, which has fueled geopolitical tension and caused a global surge in food and energy prices. Telling delegates that it was an honor for … Read more

Hong Kong stocks jump 2% in mixed Asia session, Softbank shares drop 11%

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Hong Kong stocks jump 2% in mixed Asia session, Softbank shares drop 11%

CNBC Pro: UBS says disinflation is on the way — and shares 8 global stocks to play it Swiss bank UBS has forecasted a “sharp” disinflation in 2023. It said weak growth alongside “mechanical” indicators, such as easing supply chain bottlenecks and rising goods inventories, would see prices fall next year. The investment bank screened … Read more

Is it safe to cruise again? Yes, say fans who are cruising again

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Is it safe to cruise again? Yes, say fans who are cruising again

Outbreaks, port refusals, travelers stuck onboard. Cruise ships dominated the news in early 2020 for all the wrong reasons. Some people predicted the industry would never recover. But cruising fans say: That’s ancient history. “Given a choice, we would be living on the cruise ship for the remainder of our lives,” said Singaporean Peter Lim. … Read more

Billionaire Eric Sprott says he may have lost $100-million on Pure Gold, as Red Lake miner enters creditor protection

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Billionaire Eric Sprott says he may have lost 0-million on Pure Gold, as Red Lake miner enters creditor protection

Pure Gold Mining Inc. PGM-X has filed for creditor protection, the latest junior miner to trip up in the notoriously hard-to-mine Red Lake district of northern Ontario. Last year, Vancouver-based Pure Gold ran into trouble when it encountered both grade and production shortfalls at its Madsen mine soon after putting it into production. Over the … Read more

Australia’s inflation soars to 32-year high | Business and Economy

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Australia’s inflation soars to 32-year high | Business and Economy

Annual price growth hit 7.3 percent in the July-September period, the highest since 1990. Australian inflation raced to a 32-year high last quarter as the cost of home building and gas surged, a shock result that stoked pressure for a return to more aggressive rate hikes by the country’s central bank. Data from the Australian … Read more