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SYDNEY, Australia (AFP) — Up to 6,000 jobs will be axed in a major restructure at National Australia Bank, the lender said Thursday after posting Aus$5.28 billion (US$4.1 billion) in annual net profits. The positions will go as it further automates and simplifies its business. Some 2,000 new jobs will be created. “This will result in a net reduction in staff currently targeted at approximately 4,000 by the end of full year 2020,” it said. The bank […]
SYDNEY, Australia (AFP) – Nearly 400 mysterious ancient stone structures have been identified in the Saudi Arabian desert by an Australian researcher using Google Earth. David Kennedy, whose team has spent decades recording thousands of archaeological sites in the Middle East, said the man-made edifices, known as “gates”, are thought to have been constructed between 2,000 to 9,000 years ago. But their purpose and function are a mystery. “You can’t see them in any […]
SYDNEY, Australia (AFP) — Australia will train Filipino soldiers in urban warfare to combat the spread of the Islamic extremism after months of fierce fighting against militants in the country’s south, it was announced Tuesday. Canberra has been aiding Manila against local supporters of the Islamic State group in the southern city of Marawi since September, deploying two AP-3C Orion aircraft for surveillance while helping in information-gathering and analysis. Defense chiefs in the Philippines […]
MANILA, Philippines (AFP) — The Philippines’ second biggest bank said on Thursday it will spend $288 million buying out the minority stake that Australia’s ANZ has in a credit card joint venture. Metrobank will take over ANZ’s 40 percent share in Metrobank Card Corp. as part of a deal to turn the tie-up into a wholly-owned subsidiary. Metrobank, short for the Metropolitan Bank and Trust Co., formed the 60-40 joint venture with ANZ in 2003. […]
SYDNEY, Australia (AFP) — Mass starvation has wiped out thousands of penguin chicks in Antarctica, with unusually thick sea ice forcing their parents to forage further for food in what conservationists Friday called a “catastrophic breeding failure”. French scientists, supported by WWF, have been studying a colony of 18,000 pairs of Adelie penguins in East Antarctica since 2010 and discovered only two chicks survived the most recent breeding season in early 2017. They attributed […]
SYDNEY, Australia (AFP) — Australia’s biggest bank, the Commonwealth, vowed Monday to fight what could become the country’s largest shareholder class action over alleged breaches of anti-money laundering laws. The open class action, filed by law firm Maurice Blackburn and litigation funder IMF Bentham in the Federal Court in Melbourne Monday, followed a civil case launched by Australia’s financial intelligence agency AUSTRAC in August. AUSTRAC alleged the bank engaged in “serious and systemic non-compliance” of anti-money laundering laws involving thousands of […]
SYDNEY, Australia (AFP) — An epic 3,000-kilometer (1,860-mile) solar car race across the desert heart of Australia designed to showcase new technology that could one day help develop commercial vehicles got underway Sunday. The World Solar Challenge, first run in 1987 and last held in 2015, began in a high-tech, futuristic flurry from Darwin’s State Square. Dutch team Nuon is aiming to defend its title but Belgium’s Punch Powertrain led the 41 cars — powered […]
By Rheamae David (EBC Australia Bureau) It was indeed a magical night for the young members of the Iglesia Ni Cristo or Church of Christ in the eastern part of Australia, including New South Wales, Queensland and the Australian Capital Territory, as they participated in the Australia East Kadiwa Formal 2017 last October 1. This event has been sought after, as the last formal took place seven years ago. The Kadiwa organization, whose members […]
by Martin Parry SYDNEY, Australia (AFP) — Australia offered to help the United States reform its gun laws Tuesday after a successful two-decade clampdown on firearms in the wake of its own worst mass shooting. The US is reeling after at least 59 people were killed and more than 500 injured when retired accountant Stephen Paddock opened fire on thousands of concertgoers in Las Vegas before killing himself. The shocking tragedy has sparked renewed calls […]
SYDNEY, Australia (AFP) — Las Vegas gunman Stephen Paddock’s “regular companion” was an Australian woman who moved to the United States 20 years ago to work on the casino strip, the government confirmed Tuesday. Marilou Danley, 62, was initially said to be a “person of interest” but has since been cleared of any involvement in the shocking shooting that left 59 dead and more than 500 injured. American authorities said she was out of […]
SYDNEY, Australia (AFP) — The last Australian-made Toyota rolled off the production line Tuesday, ending over five decades of manufacturing by the Japanese firm as the once-booming local car-making industry grinds to a halt. Toyota announced in 2014 that it would stop making vehicles at its unprofitable Australian plants, joining the country’s other two large automakers — Ford and US giant General Motors’ Holden offshoot. Ford closed its production line last year and Holden will shutter its only […]
ADELAIDE, Australia (CCTV) — China’s low-cost commercial satellites have been highlighted at the 68th International Astronautical Congress, which will conclude in the southern Australian city of Adelaide on Friday. Models of the KZ-11 solid rocket are on display by the China Aerospace Science and Industry Corporation (CASIC), one of China’s large state-owned hi-tech enterprises, and have attracted much attention. The rocket’s easy launching process will help decrease the costs for putting satellites into orbit. “In […]
