Australia

Cyberattack keeps Australian ports offline, detaining containers

Cyberattack keeps Australian ports offline, detaining containers

Australia is assessing the logistical impact of a cyber attack which has paralyzed some of its largest ports since Friday and said the disruptions will continue for several more days, a massive shutdown that threatens to disrupt supply chains across the country and globally. DP World Plc said on Sunday it has made “significant progress” ...

Australia prepares for aggressive stance on global product prices

Australia prepares for aggressive stance on global product prices

The central bank of Australia is about to resume a pause in interest rate increases, as the latest data pointing to slower house price growth and inflation suggests previous restrictive measures are gaining ground. The Reserve Bank will keep its cash rate at a 12-year high of 4.35% on Tuesday, most economists predict, after making ...