Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

UK, Australia strike new free trade agreement

Published

on

Australia and the United Kingdom have agreed to a new trade deal, a first major deal post-Brexit.

The Australian Prime Minister had a working dinner with British Prime Minister Boris Johnson at Downing Street last night, with a formal announcement expected on Tuesday.

According to the BBC, the meal served up to the pair on Monday evening included Welsh lamb and Scottish smoked salmon, and was washed down with Australian wine.

It is the first trade deal to be negotiated from scratch since the UK left the EU.

The new deal is expected to give UK and Australian food producers and other businesses easier access to each other’s markets.

However, the leaders were initially stuck on several issues, including a plan by the British to add tariffs to Australian farming imports for the next ten years.

Behind the scenes, bureaucrats have been working frantically to reach a deal, and now both leaders are believed to have made concessions.

The new trade deal is expected to give UK and Australian food producers and other businesses easier access to each other’s markets.

According to the National Farmers Union (NFU), Australian farmers are able to produce beef at a lower cost of production, and could undercut farmers in the UK.

Australia’s top 10 export markets

Australia still leads the world when it comes to exporting ironcoal and petroleum gases.

Australia’s biggest export products by value in 2020 were iron, coal, petroleum gases, gold and aluminium. In aggregate, those major exports account for 63.1% of overall exports sales from Australia.

The following export product groups categorize the highest dollar value in Australian global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from Australia.

  1. Ores, slag, ash: US$91.3 billion (35.9% of total exports)
  2. Mineral fuels including oil: $65.4 billion (25.7%)
  3. Gems, precious metals: $19.6 billion (7.7%)
  4. Meat: $10.4 billion (4.1%)
  5. Inorganic chemicals: $5.2 billion (2%)
  6. Machinery including computers: $4.4 billion (1.7%)
  7. Cereals: $3.8 billion (1.5%)
  8. Pharmaceuticals: $3.4 billion (1.4%)
  9. Electrical machinery, equipment: $3.1 billion (1.2%)
  10. Aluminum: $3.1 billion (1.2%)

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Sendle shuts down, small businesses left scrambling

Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

Published

on

Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

video
play-sharp-fill
In Short:
– Sendle has unexpectedly ceased operations, leaving small businesses without courier services and cancelled pickups.
– Customers are frustrated and searching for alternatives, while competitor firms are reaching out to fill the gap.
Aussie courier service Sendle has ceased operations unexpectedly, affecting many small businesses that relied on its services. Announced via email on January 11, the company warned customers that existing parcels would be delivered at the “discretion of the delivery partner.”
Additionally, all scheduled pickups from January 12 were cancelled.

Customers have been left confused and frustrated, lacking guidance on how to fulfill orders.

Sendle expressed regret for the disruption but did not provide a detailed explanation for the closure. A banner on their website confirmed the halt in services, with social media accounts disabled and customer inquiries no longer being monitored.

Banner

The shutdown comes as Sendle had recently merged with US logistics firms to create FAST Group, but that merger has now reportedly unraveled due to financial issues.

Small business owners, many of whom had turned to Sendle for better pricing compared to competitors like Australia Post, are now scrambling to find alternative delivery options.

Unexpected Closure

Many business owners shared their experiences on social media, highlighting the immediate need to find new courier services. One owner reported significant losses and mentioned having to repackage orders that were scheduled for shipment.

The collapse of Sendle has raised concerns about job losses, though the company has not disclosed the number of affected employees.

Competitors have begun reaching out to small businesses in response to the demand created by Sendle’s sudden exit from the market.

Aramex Australia says it “is aware that Sendle has halted all bookings for parcel pick-ups and deliveries in Australia with immediate effect. Aramex recognises that this development may create uncertainty for businesses that rely on Sendle to ship their goods.”

“While Aramex cannot comment on the specific circumstances surrounding Sendle’s operations, we are ready to support e-comm and B2B businesses that are seeking an alternative courier partner moving forward. Aramex has the infrastructure, global network, national coverage and local franchise expertise in place to assist customers who need ongoing delivery services without disruption. Our priority is providing certainty, reliability and continuity of service for Australian businesses.”

“Sendle is a tech platform that has enabled business customers to book courier services. Aramex has a long history of delivering for Sendle customers. Aramex operations continue as normal, providing reliable courier services to our customers.”


Download the Ticker app

Continue Reading

News

UK, Canada and Australia consider banning Elon Musk’s X over AI risks

UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.

Published

on

UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.


Downing Street has opened talks with Canada and Australia about a possible ban on Elon Musk’s social media platform, X. Concerns are growing over the platform’s AI tool, Grok, which could be misused to generate explicit images.

The scrutiny comes as government officials, including Sir Keir Starmer, voice serious worries about the platform’s impact and the potential for harm. Officials believe coordinated international action could send a clear message to Musk about the urgency of addressing these risks.

Ofcom is expected to release recommendations soon, potentially paving the way for regulatory action. How Musk responds could determine whether X faces restrictions in multiple countries.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#ElonMusk #SocialMediaBan #XPlatform #AIrisks #GrokAI #TechRegulation #UKPolitics #TickerNews


Download the Ticker app

Continue Reading

News

Trump weighs options as Iran protests escalate

Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.

Published

on

Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.


President Donald Trump is set to meet with senior US officials to discuss possible responses to the growing protests in Iran. The talks will focus on how Washington should react as unrest continues to spread across the country.

Options on the table reportedly include tougher sanctions and the possibility of military action. Secretary of State Marco Rubio and other top officials are expected to attend, as concerns mount over how US involvement could impact regional stability.

Iran has warned it will retaliate if the US intervenes, raising fears that any move by Washington could sharply escalate tensions in the Middle East.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Trump #Iran #USPolitics #MiddleEast #Geopolitics #Sanctions #WorldNews #TickerNews


Download the Ticker app

Continue Reading

Trending Now