Australia

Funeral company InvoCare agrees to acquire TPG for US$1.2 billion

Funeral company InvoCare agrees to acquire TPG for US$1.2 billion

Australian funeral home operator InvoCare Ltd. agreed to a revised A$1.83 billion (US1.2 billion) takeover offer from private equity firm TPG Inc. TPG proposed a takeover offer of A$12.70 per share for the Sydney-based company, up from May’s offer of A$13 per share, according to a statement on Wednesday, confirming an earlier Bloomberg News report. ...

ACS wins a 500 million contract with the Australian Ministry of Defense

ACS wins a 500 million contract with the Australian Ministry of Defense

Through its Australian subsidiary Cimic, to provide strategic advice, planning, supply management, operations and maintenance for the Australian Defense Forces fuel network. UGL, belonging to the Cimic group, the Australian subsidiary of ACS, has won a contract with the Australian Ministry of Defense to provide strategic advice, planning, supply management, operations and maintenance for the ...

The United States and Australia, the countries that have the highest meat consumption

The United States and Australia, the countries that have the highest meat consumption

The Feeding Habits They vary depending on the region of the planet in which you are located, whether due to cultural, political, religious or traditional issues. However, some are ahead. According to figures from the Our World in data website, The United States and Australia are the territories where meat consumption occurs most worldwide. This ...

Australian business conditions improve as consumer deteriorates

Australian business conditions improve as consumer deteriorates

Australian business conditions showed continued resistance to higher interest rates and elevated price pressures, while consumer confidence fell further into “deeply pessimistic” territory, highlighting the divergent responses of the business and domestic sectors to stricter policy. Business conditions, which measure sales, employment and profitability, rose two points to 13 in August and remained above the ...

EU chief wants to close trade agreements with Australia, Mexico and Mercosur this year

EU chief wants to close trade agreements with Australia, Mexico and Mercosur this year

The European Union should try to complete free trade agreements with Australia, Mexico and the South American bloc Mercosur before the end of the year, declared the President of the European Commission, Ursula von der Leyen, on Wednesday. Von der Leyen told the European Parliament in her annual State of the Union address that the ...

Australian Tax Office defrauded through TikTok fraud

Australian Tax Office defrauded through TikTok fraud

Financial Diary – Santiago “Deposit a large amount of money, easily and in just two minutes“With these words, a massive fraud that has affected the Australian Tax Office, ATO, went viral on social media – specifically, TikTok -. Thousands of taxpayers filled out the form that allowed them to obtain income from up to US$50,000 ...

Australian inflation accelerates, keeping the rise of various rates in play

Australian inflation accelerates, keeping the rise of various rates in play

Australia’s monthly inflation gauge acceleratedreflecting global trends amid higher oil prices, rstrengthening the case for the Reserve Bank go up at least one more time. The consumer price indicator increased 5.2% in August compared to the previous year, matching economists’ estimates, Australian Bureau of Statistics data showed on Wednesday. The result contrasts three months of ...

Glencore to close Australian Mount Isa mines in 2025, affecting several jobs

Glencore to close Australian Mount Isa mines in 2025, affecting several jobs

Mining and trading company Glencore cwill fail its three underground copper mines in Mount Isa, Australia, at the end of 2025, which will mean the loss of about a thousand jobsas reported on Tuesday by the Australian Financial Review newspaper. The company, however, will keep its refinery and smelters open in Central Queenslandaccording to the ...

European Commission will intensify control of the commercial practices of influencers

European Commission will intensify control of the commercial practices of influencers

The European Commission announced on Tuesday that it will intensify its surveillance of the commercial practices of social media leaders, Also known as influencers, seeking to protect customers, a market whose value is estimated at around €20 billion (US$21.16 billion). The Commission will work with national authorities in the coming weeks to examine online publications ...

Codelco agrees to acquire the Australian Lithium Power for US$244 million

Codelco agrees to acquire the Australian Lithium Power for US$244 million

Financial Diary – Santiago Codelco reached an agreement to acquire 100% of the Australian mining company Lithium Power International (LPI) for US$244 million. The company owns Minera Salar Blanco in Chile, which has lithium extraction projects in the Salar de Maricunga. The state copper company, which also has an interest in said basin, said that ...