Author: Press Room

Prime Minister Anthony Albanese has doubled down and confirmed the government has no intention to backflip on its pre-election promise to deliver stage three tax cuts.The Government has recently faced questions about the future of the promise amid global economic headwinds, rising inflation and an enormous Commonwealth debt from the pandemic.Mr Albanese has insisted there will not be amendments to the tax cuts in the October budget and told ABC Radio on Monday he was not planning to make changes in the years ahead of it being introduced mid-way through 2024.“We haven’t changed our position on that, so our position…

Malaisia’s Prime Minister Ismail Sabri Yaakob addresses the 77th session of the United Nations General Assembly at UN headquarters in New York City on September 23, 2022.Yuki Iwamura | Afp | Getty ImagesMalaysian Prime Minister Ismail Sabri Yaakob announced that Parliament will be dissolved Monday, paving the way for general elections that are expected to be held in early November.The elections would come nine months before Parliament’s term expires, following calls for early polls from Ismail’s United Malays National Organization. UMNO, the biggest party in the ruling coalition, was feuding with its allies and is aiming for a big win…

Bank holidays offer people some well-earned time off and a chance to grab a bit more time with family or friends. Most occur at the same times every year – see the full list of next year’s bank holidays below Bank holidays are a widely anticipated national public holiday that can treat Brits to a three-day weekend. They apply in the UK, Ireland and Crown dependencies and are held under common law, or can be declared by royal proclamation. Most occur regularly at the same time every year covering events like Christmas, Easter or New Years but occasionally extra are…

Herbal medicine industry bodies in India are looking to boost sales and acceptance of such traditional medicine amid India’s big push to become a hub for alternative therapies. RISE IN POPULARITY DURING PANDEMIC The COVID-19 pandemic has given the alternative medicine industry a boost.  Ayurvedic drug companies recorded more than US$18 billion in sales in 2020, four times the amount in 2014.  “During the COVID-19 pandemic, people saw that modern medicine wasn’t useful for everyone. There was a trend of people drinking herbal concoctions that made people them feel better, and it was so convenient. That made people trust herbal remedies,”…

CNN  —  Los Angeles City Council President Nury Martinez is apologizing after allegedly making racist remarks toward a fellow council member and his Black child. “In a moment of intense frustration and anger, I let the situation get the best of me and I hold myself accountable for these comments. For that I am sorry,” Martinez said in a statement to CNN. The remarks were part of leaked audio that was posted anonymously on Reddit and obtained by The Los Angeles Times. According to the newspaper, the audio details a conversation between Martinez, Councilmembers Gil Cedillo and Kevin de León…

Tesla’s sales in China have hit a new monthly high just as Elon Musk garnered praise from Beijing for proposing to resolve the geopolitical crisis over Taiwan by placing it in a special administrative zone similar to Hong Kong. The US electric vehicle maker reported sales of 83,000 cars in September, up 8 per cent from the previous month, according to the China Passenger Car Association. The record monthly tally suggested supply chain bottlenecks in the country were easing and upgrades at its Shanghai facility were boosting production. The strong performance comes at a critical juncture for Musk and his…

The Australian dollar has today plunged to its lowest point in two and a half years as fears of a global recession mount and energy prices keep rising.Sky News Business Editor Ross Greenwood says there is a fear power prices could rise by 35 per cent – which would negatively impact the inflation rate. “Given the fact that there are other signals that maybe inflation hopefully will ease, that’s exactly the sort of thing that feeds into everything,” he said. “It doesn’t matter whether it’s manufactured goods, whether it’s food, whether it’s farm sector prices, all these things are reliant…

Two explosions struck Kyiv, Ukraine, early Monday after months of relative calm in the capital of the eastern European nation.Missile strikes appeared to cause the explosions in Kyiv. Explosions were also heard in other cities, including Liviv and Dnipro. In Lviv, energy infrastructure was hit, Regional Governor Maksym Kozytskyi said.Kyiv Mayor Vitalii Klitchko said explosions occurred in the city’s Shevchenko district, which is a large area in the center of the city that includes the historic old town and several government offices.The spokesperson for Emergency Service in Kyiv said people were killed and wounded, and that rescuers are currently working…

A couple of weeks after lighting up the Presidents Cup, Tom Kim got the better of a duel with Patrick Cantlay to win the Shriners Children’s Open.The South Korean youngster did his best to inspire the Internationals at Quail Hollow, as his side put up a strong fight against the USA.Although they came up short, Kim won himself an army of fans – and he was back in form in Las Vegas on the PGA Tour.GolfTiger tipped to play in Hero World Challenge, but it could come with a twistYESTERDAY AT 14:00Kim burst onto the scene with victory at the…

Shares in top Chinese chipmakers shed $7.7bn in market value on Monday, as new US export controls threatened to obstruct Beijing’s plans for technological self-sufficiency.Semiconductor Manufacturing International Corp, China’s largest chipmaker, fell as much as 5.2 per cent in Hong Kong on Monday, while Hua Hong Semiconductor tumbled as much as 10.4 per cent and Shanghai Fudan Microelectronics plunged as much as 24.6 per cent.The sharp losses came after Washington unveiled new export controls on Friday that restrict the sale of semiconductors made with US technology unless vendors obtain an export licence. The controls also bar US citizens or entities…