Relying only on domestic or Canadian sources, the Department of Defense said, "unnecessarily constrains" the DPA programme's ability to "ensure a robust industrial base."

The SPAC plans to invest in Web3, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services industries

The central bank's drastic inflation revisions could foreshadow how far interest rates might have to rise to bring the country's cost of living crisis under control

The report by the Rand Corporation said that Australia, Japan, the Philippines, South Korea and Thailand are all reluctant to deploy such weaponry

In multiple votes by the Senate, MaryKay Loss Carlson was confirmed as ambassador to the Philippines and Philip Goldberg approved as envoy to South Korea

Higher electricity prices in Australia also helped to boost revenue across its wind and solar divisions, where sales rose by 23% and 31% respectively

RBA governor Philip Lowe said it was appropriate to start normalising monetary conditions as inflation was more than expected, but the economic outlook was still positive

The RBNZ said feedback from the public had helped affirm the importance of privacy and autonomy and that this would be a focus of further policy work

Talks with the US government to build a heavy rare earths plant in Texas have dragged on for four years but the group's CEO hopes a contract can be signed later this year.

The rise in petrol, home building and food costs is unwelcome news for Scott Morrison, the prime minister, as he fights a tough election next month

He replaces Catherine Livingstone, who would retire in August after more than five years in the role, and who oversaw the bank's operations during a tumultuous period

ACCC said Uber admitted to have falsely represented fare estimates for its Uber Taxi option as its algorithm would almost always inflate the range of fares