Australia’s upcoming May 3 election will be the first where young people significantly outnumber those aged above 60. But few of the first-time voters surveyed by Bloomberg saw a positive future under either a re-elected Albanese or a new government under Liberal leader Peter Dutton, with many working several jobs and expressing concerns over high living costs. Meanwhile, Dutton emerged the narrow winner in a heated third debate with Prime Minister Anthony Albanese as early voting begins, according to a panel of political experts. Major players from Australia’s highly polluting aviation and mining industries say a lack of political clarity and government support is holding back their ability to decarbonise by using biofuels. Australia is squandering its natural advantages that could help it become a major producer of the renewable fuel, they say. Meta, TikTok, and Snap questioned the integrity of Australia's social media ban for under-16s after it emerged that Communications Minister Michelle Rowland made a personal pledge to exempt YouTube from the ban. Governments in developed countries around the world are grappling with their migration policies and Australia is no exception. This week on the Bloomberg Australia podcast, host Rebecca Jones asks immigration expert Abul Rizvi about Anthony Albanese and Peter Dutton’s migration policies ahead of the May 3 election — and whether they will actually help Australia’s housing crisis.
Listen and follow The Bloomberg Australia Podcast on Apple, Spotify, on YouTube, or wherever you get your podcasts. Terminal clients: Run {NSUB AUPOD <GO>} on your desktop to subscribe. BYD cars are becoming a more common sight on Australian roads since the Atto 3 sport utility vehicle was launched in 2022. Now, the Chinese electric car giant is making its biggest splash yet, entering the nation’s top-selling segment with the plug-in hybrid Shark 6 pickup. With President Trump's tariff war looming over the Australian election, the next government in Canberra could use critical minerals as a potential bargaining chip to negotiate exemptions from additional levies. Ian Satchwell of the University of Queensland Sustainable Minerals Institute talks about the importance of balancing ties with the US and Australia's biggest export market, China, on Bloomberg’s Australia Ahead. Click the image to watch Nomura is advising clients to stay invested despite market turmoil. With the purchase of Macquarie Group’s US and European public asset management business, Nomura is scooping up about $180 billion in client assets across equities, fixed income and multi-asset strategies. |