China raises EV ambitions with 30% fleet target by 2030

China has unveiled a new carbon-peaking action plan that targets new energy vehicles (NEVs) accounting for 30% of the country's total vehicle fleet by 2030, marking a significant step in the electrification of the world's largest automobile market. The State Council on Thursday released the "15th Five-Year Plan" Carbon Peaking Action Plan, outlining the country's roadmap to peak carbon emissions before 2030.

Invezz • Jul 9, 2026

Australian shares little changed as gold miners, consumer stocks drag

Australian shares were little changed on Tuesday as losses in gold, mining and consumer stocks countered gains in banks and tech stocks, while software ​heavyweight WiseTech Global jumped to its highest in near three weeks ‌after naming a new chair.

Reuters • Jul 7, 2026

Australia's Underlying Inflation Rises Despite Easing Fuel Costs

Australia's consumer price growth eased in May amid cooling fuel prices, but underlying inflation continued to strengthen as businesses passed on higher costs resulting from the Middle East conflict.

WSJ • Jun 24, 2026

Australia's tax overhaul chills nation's long love affair with property

Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home that boasts five bedrooms and an al fresco lounge - price tag, A$5.2 million ($3.64 million).

Reuters • Jun 23, 2026

Australia extends fuel excise relief to ease household cost pressures

Australia will extend fuel excise relief for an additional month, Prime Minister Anthony Albanese said on Sunday, as ​the country continues to grapple with higher fuel costs ‌during the Iran war.

Reuters • Jun 21, 2026

At Hong Kong auto show, China automakers to target wealthy in right-hand-drive markets

Chinese automakers are speeding into right-hand-drive markets from Australia to Southeast Asia and ​challenging long-dominant Japanese car companies with premium electric vehicles aimed at affluent consumers.

Reuters • Jun 17, 2026

Australia's ASX proposes 25% cap on share issuance in public M&A without shareholder vote

The Australian Securities Exchange will introduce ​major new changes that cap companies from ‌issuing more than 25% of their existing share capital to fund public takeovers without a shareholder vote, bowing to pressure from investors ​concerned about becoming diluted in corporate buyouts.

Reuters • Jun 17, 2026

Australia's first-quarter economic growth misses estimates on severe weather, weak demand

Australia's GDP expanded 2.5% in the first three months this year, missing expectations. On a quarter-on-quarter basis, Australia's GDP grew 0.3% compared with 0.5% forecast.

CNBC • Jun 3, 2026

Australia's CBA flags surging AI costs as tasks grow complex, slams 'work slop'

The cost of using AI will rise in less predictable ways as companies deploy the technology for complex tasks, the head ​of Australia's biggest bank said on Tuesday, calling the expense a ‌key emerging management challenge.

Reuters • Jun 2, 2026

FTSE 100 rises as mining stocks rally on stronger metal prices

The UK's blue-chip index advanced on Tuesday, supported by gains in mining-related shares as base metal prices strengthened, while energy stocks came under pressure following a decline in crude oil. Broader sentiment was also influenced by geopolitical developments, including renewed expectations of progress in US–Iran talks.

Invezz • Jun 2, 2026