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Australia officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the world's sixth-largest country by total area. Neighbouring countries include Indonesia, East Timor and Papua New Guinea to the north; the Solomon Islands, Vanuatu and New Caledonia to the north-east; and New Zealand to the south-east.
For at least 40,000 years before European settlement in the late 18th century, Australia was inhabited by indigenous Australians, who belonged to one or more of roughly 250 language groups. After discovery by Dutch explorers in 1606, Australia's eastern half was claimed by Great Britain in 1770 and settled through penal transportation to the colony of New South Wales from 26 January 1788. The population grew steadily in subsequent decades; the continent was explored and an additional five self-governing Crown Colonies were established.
On 1 January 1901, the six colonies federated, forming the Commonwealth of Australia. Since Federation, Australia has maintained a stable liberal democratic political system that functions as a federal parliamentary democracy and constitutional monarchy. The federation comprises six states and several territories. The population of 22.7 million is heavily concentrated in the Eastern states and is highly urbanized.
A highly developed country, Australia is the world's 13th-largest economy and has the world's sixth-highest per capita income. Australia's military expenditure is the world's 13th-largest. With the second-highest human development index globally, Australia ranks highly in many international comparisons of national performance, such as quality of life, health, education, economic freedom, and the protection of civil liberties and political rights. Australia is a member of the G20, OECD, WTO, APEC, UN, Commonwealth of Nations, ANZUS, and the Pacific Islands Forum.
Thu, 30 Oct 2014 20:25:39 -0700
THE case involved allegations of collusion to fix fuel and other surcharges for air cargo into Australia. The Australian Competition and Consumer Commission fined 10 airlines nearly $A100 million for price fixing of international air freight but Air NZ ...
Thu, 30 Oct 2014 23:56:15 -0700
Air New Zealand says it has no further questions to answer in Australia regarding alleged collusion in cargo markets after the Federal Court dismissed attempts by the competition regulator to sue the airline. The long-running airfreight case was ...
Thu, 09 Oct 2014 06:07:30 -0700
QANTAS short-haul pilots will vote from next Friday on a four-year, in-principle wages deal that ended a marathon 25 months of negotiations. The deal with the Australian and International Pilots Association also includes an 18-month wage freeze but ...
Fri, 31 Oct 2014 04:03:45 -0700
A dearth of fresh cargoes coupled with surplus tonnage has seen the key Handysize Alumina freight rate from Western Australia's Bunbury/Kwinana ports to the North China port of Lianyungang fall below the $19/mt mark for the first time since Platts ...
Hellenic Shipping News Worldwide
Fri, 31 Oct 2014 06:07:30 -0700
There were diesel shortages in Western Australia recently as a result of a ship being turned back over quality issues of its cargo. The Bureau of Resources and Energy Economics calculates that Australia has 12 days of diesel stock but aviation fuel ...
Sydney Morning Herald
Thu, 30 Oct 2014 19:15:00 -0700
Oct. 31 (BusinessDesk) - Air New Zealand and PT Garuda Indonesia have won their bid to dismiss action against them in Australia, claiming the airlines were part of a global cartel to fix prices in international air freight services. In the Australian ...
Scoop.co.nz (press release)
Tue, 28 Oct 2014 12:07:30 -0700
October 28, 2014 - Chinese traders paying the Asian country's new import tax on Australian cargoes of bituminous thermal coal are attempting to pass on the expense to coal shippers in Australia, resulting in severe downward pressure on FOB prices ...
Thu, 30 Oct 2014 20:33:45 -0700
Today's decision follows the release of Air New Zealand in June from the civil class action without liability or payment and brings an end to the investigation and legal claims in Australia. The air cargo industry has been the subject of a globally ...