Prime Minister Anthony Albanese is keeping the focus of his trip to China on trade and business rather than tensions like Taiwan and Beijing's military expansion. In a meeting with President Xi, he said Australia would handle the relationship in a "calm and consistent" way. Meanwhile, both sides agreed to boost cooperation while managing their differences carefully. Rio Tinto Group named Simon Trott as its new chief executive officer. He currently runs the company's biggest and most profitable mines. It comes ahead of the miner's quarterly update, which is scheduled for Wednesday morning. Australia's slow rollout of transmission infrastructure is stalling renewable energy projects and putting the country's net zero ambitions at risk, according to a survey of investors managing a collective A$38 billion in renewable assets across the nation. Geopolitical tensions and regional security concerns loom over the Australian prime minister's meeting with President Xi Jinping in Beijing. On Bloomberg TV's Australia Ahead Darren Lim of the Australian National University talks about how Anthony Albanese is keeping focus on his economic agenda, as China remains Australia's biggest export market. New Zealand farmers have attacked proposed rules for green finance, warning they are unworkable and risk harming rural communities by driving up costs. The Reserve Bank of Australia wants merchants to remove surcharging on credit and debit card payments, in a move that could save consumers A$1.2 billion a year. New Zealand's aging population is likely to put downward pressure on the neutral level of the Official Cash Rate over time, according to Reserve Bank research. |
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