Adani’s Australian coal prospects in doubt

Sydney : An Australian court’s decision last week to overturn approval for a giant coal mine in Queensland is the latest stumbling block for Indian company Adani’s multibillion-dollar venture.Long before the Federal Court of Australia overturned government approval for the Carmichael coal project, international banks had steered clear of investing in the project. Policy confusion […]

$38b share market slide led by major bank slump

Sydney : More than $38 billion was wiped off the value of Australian stocks on Friday, led by ANZ’s worst one-day share plunge since the global financial crisis. ANZ shares slumped 7.5 per cent to $30.14 after the bank on Thursday tapped shareholders for up to $3 billion in extra funds.It set a minimum price […]

Australian nurse accused of assisting IS arrested at Sydney airport

Sydney, July 25 : An Australian nurse accused of giving medical assistance to the Islamic State militant group fighting in Syria has been arrested and will appear in a Sydney court on Saturday, police said. The man has been identified by government officials as Adam Brookman. A police statement said a 39-year-old Australian man had […]

World’s largest blossom Titan Arum blooms after five years in Tokyo

Melbourne, July 25 : World’s largest flower Titan Arum has bloomed for the first time in five years in Tokyo.The unique herbaceous plant that stands at two-metres has pulled viewers to the city’s Jindai Botanical Garden, which has been forced to extend its opening hours, News.com.au reported.The flower, also known as corpse flower due to […]