Australia (6do encyclopedia)



Australia is a country, island, and continent located in the southern hemisphere. It is the world’s sixth largest country by total area and has a population of approximately 25 million people. The country is known for its unique fauna and flora, diverse landscapes, and multicultural society. Australia is also one of the world’s most urbanized countries, with nearly 85% of its population living in cities.

Geography

Australia is situated in the southern hemisphere, and its landmass covers approximately 7.6 million square kilometers. The country is bordered by the Indian and Pacific Oceans, with the Timor Sea and Arafura Sea surrounding it to the north. The country is also home to a variety of landscapes, including deserts, mountains, rainforests, and tropical islands.

The largest part of Australia is the Australian Outback, which is mostly uninhabitable due to its arid conditions. The Great Barrier Reef, the world’s largest coral reef system, is another notable feature of the Australian landscape. Additionally, there are several mountain ranges, including the Australian Alps and the Great Dividing Range, which stretch along the eastern coast.

Climate

The climate in Australia varies greatly depending on the location. The northern part of the country experiences a tropical climate with high humidity and monsoon rains, while the southern part of the country has a more temperate climate with four distinct seasons.

The interior of Australia is characterized by a semi-arid to arid climate, with some areas receiving only a few inches of rainfall per year. The extreme temperatures and drought conditions in some parts of the country have resulted in frequent bushfires.

Wildlife

Australia is home to unique wildlife found nowhere else in the world. The most famous animals include marsupials such as kangaroos, wallabies, and koalas. There are also various species of birds, reptiles, and amphibians.

One of the most dangerous animals in Australia is the saltwater crocodile, which can grow up to 23 feet long and is found in the country’s northern regions. The country is also home to the platypus, echidna, and several species of poisonous snakes and spiders.

History

Australia has a rich history that dates back thousands of years. The country has been inhabited by Indigenous Australians for over 60,000 years, with over 500 different Indigenous groups living throughout the continent.

In 1770, Captain James Cook claimed the eastern coast of Australia for Great Britain, and the country was subsequently colonized. The first British settlement was established in Sydney in 1788, with other settlements soon following.

The Indigenous population experienced significant hardships under British colonization, including the forced removal of children from their families, known as the Stolen Generations.

In the 20th century, Australia became an independent nation and has since become a prosperous multicultural country known for its democratic values and strong economy.

Culture

Australia has a vibrant culture that is influenced by its Indigenous population, European settlers, and various waves of immigration over the years. The country is known for its laid-back attitude, love for the outdoors, and passion for sports such as cricket, rugby, and Australian Rules football.

Australian cuisine includes a mix of Indigenous, European, and Asian influences, with popular dishes including meat pies, fish and chips, and barbecued shrimp. The country is also known for its world-renowned wines, particularly varieties such as Shiraz and Chardonnay.

Tourism

Australia is a popular tourist destination, attracting millions of visitors each year. The country’s unique wildlife, vibrant cities, and stunning landscapes make it a popular choice for travelers seeking adventure and relaxation.

The most visited cities in Australia include Sydney, Melbourne, and Brisbane, with popular attractions such as the Sydney Opera House, Bondi Beach, and the Great Ocean Road drawing visitors from around the world.

Conclusion

Australia is a unique and diverse country that blends its Indigenous roots with the influences of European and Asian immigrants. Its vast landscapes, rich history, unique wildlife, and culture make it an attractive destination for tourists and a fascinating place to call home.


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Rare good news from Credit Suisse with debt-for-nature swap deal

Financial Times

23-05-15 11:19


Credit Suisse has been making a name for itself as an unlikely champion of green innovation, thanks to innovative deals that repackage emerging market debt in exchange for promises to protect biodiversity. The bank bought $1.6bn of Ecuadorean government debt and then, with insurance and guarantees from the Inter-American Development Bank and the US International Development Finance Corporation, used a special purpose vehicle to swap the bonds for a smaller loan with Ecuador at lower cost with part of the funds set aside for marine conservation in the Galápagos. The deal is the biggest ever debt-for-nature swap. Calpers, the US's biggest pension plan, is also focusing on tackling greenwashing and increasing transparency on climate risks through better data collecting, as part of its drive to fulfill its obligation to make sure the markets price climate risks appropriately. CEO Marcie Frost expressed caution over divestment from oil businesses arguing that the most effective approach for Calpers was "to be in with the companies".

https://www.ft.com/content/66f038ce-292d-4425-af2d-5b6a1592f415
Australia’s 10 greatest islands

Telegraph

23-05-15 11:03


The Times has published a list of top 10 Australian island holiday destinations. They include Fraser, the largest sand island on the planet, Lizard, an island which is home to the bucket-list dive site of Cod Hole and a plethora of exotic marine life, and Lord Howe, an up-and-under Unesco-designated destination with the Gower climb, which is one of Australia's best day treks. Norfolk Island offers visitors convict and settler history, while Bruny is a great place to see Australian flora and fauna and Rottnest has beaches that can only be reached by bike or walk. Hamilton is a celebrity haven and gateway to iconic Whitehaven Beach, while Kangaroo is an island where visitors can see kangaroos in the wild.

https://www.telegraph.co.uk/travel/destinations/oceania/australia/australia-best-island-holidays/
Nat Sciver-Brunt says mental health break helped put her in a ‘good place’

The Independent

23-05-15 11:00


English cricketer Nat Sciver-Brunt returned to playing after taking time off for her mental health in 2019. The all-rounder had become "emotionally fatigued" due to the pressure she was experiencing. Speaking about her time off, Sciver-Brunt said, “I love playing for my country and want to prioritise that but also my mental health and getting the balance of being at home for a long enough period to reset”. Through working with a clinical psychologist and speaking with England’s team psychologist, Sciver-Brunt has been able to overcome the challenges placed upon her.

https://www.independent.co.uk/sport/cricket/nat-sciverbrunt-england-india-commonwealth-games-mumbai-indians-b2339050.html
Slipping on a banana spiel

The Sydney Morning Herald

23-05-15 11:00


The Sydney Morning Herald's Column 8 section recently published a light-hearted article in which readers shared their curiosities and concerns about food labelling and product descriptions. One reader asked whether Australian-grown bananas were packaged with imported pulp, while another questioned what exactly Cold Pressed Raw Milk was and whether the cow had to go through a traumatic process to produce it. These humorous examples highlight an important consumer issue around product labelling in general; most consumers want to know what they are buying and where it comes from. With the rise of eco-friendly, ethical, and fair-trade products, labelling accuracy has become increasingly important. Meanwhile, confusing or vague product descriptions can lead to consumer dissatisfaction or even legal challenges. Overall, these readers' funny questions reflect a growing demand among consumers for clearer, more accurate, and more transparent labelling to help make informed and responsible purchasing decisions.

https://www.smh.com.au/national/nsw/slipping-on-a-banana-spiel-20230515-p5d8f4.html
Australian gold miner Newcrest backs Newmont’s US$17.8-billion offer

The Globe and Mail

23-05-15 10:49


Newcrest Mining will back a AUD26.2bn ($17.8bn) takeover offer for the company by Newmont, creating one of the world's largest buyouts of 2023. Subject to approval from both companies' shareholders and meeting other regulatory hurdles, the deal is expected to be completed by the end of Q4 2023, lifting Newmont's gold output far above that of its competitors, eventually producing 8 million ounces a year. This marks the third largest deal ever involving an Australian company and the third largest globally in 2023.

https://www.theglobeandmail.com/business/article-australian-gold-miner-newcrest-backs-newmonts-178-billion-offer/
Sin­ga­pore’s death row ‘main el­e­ment of its drug pol­i­cy’

Al Jazeera

23-05-16 01:57


Singapore has sentenced many prisoners to death for drug-related offences, leading some human rights experts to question racial and ethnic preferences in the country's application of the punishment. There are reportedly 54 people on Singapore's death row, and campaigners warn that many are from ethnic minority backgrounds. Prison authorities in Singapore do not provide details of offences that result in the death penalty, but the Transformative Justice Collective and the Capital Punishment Justice Project suggest that all but three inmates on Singapore's death row have been sentenced for drug trafficking. The Singaporean government has defended the use of the death penalty, saying it is “an essential component” of the country’s justice system. Such insistence has drawn international scrutiny to Singapore's use of the death penalty, specifically related to drug offences. The United Nations says that, if retained, capital punishment should only be used for the most serious crimes.

https://www.aljazeera.com/news/2023/5/16/singapores-death-row-main-element-of-its-drug-policy
Australia's c.bank hiked in May due to inflation risks, more raises may be required

Reuters

23-05-16 01:41


The Reserve Bank of Australia (RBA) is considering further rate hikes due to inflation risks caused by weak productivity growth and greater-than-expected rental increases. The RBA still plans to hike rates despite the risks, according to minutes from the board's May meeting. Governor Philip Lowe warned that the central bank could not afford to wait too long to tackle inflation.

https://www.reuters.com/markets/rates-bonds/australias-cbank-hiked-may-due-inflation-risks-more-raises-may-be-required-2023-05-16/
Amid recession risks, is it time to invest in gold?

The Sydney Morning Herald

23-05-16 01:23


The rise in gold prices makes it an attractive option for investors as a hedge against a looming global recession spurred on by aggressive US Federal Reserve rate rises. Gold has outperformed US equities by 23% on average, in the last three recessions since 2000, following which it rose around 30% as a profitable defensive asset during stagflationary times. Central banks' purchases of gold have also been on the rise, thanks to import restrictions and trade war concerns that require diversification away from holding the US dollar.

https://www.smh.com.au/money/investing/amid-recession-risks-is-it-time-to-invest-in-gold-20230516-p5d8nq.html
The Aussie circus king trying to bring a Californian ghost town back to life

The Sydney Morning Herald

23-05-16 01:05


Ross Mollison, the founder of live entertainment firm Spiegelworld, is hoping to convert the dusty hamlet of Nipton in the Mojave Desert, California, into a luxury attraction for tourists and a retreat for circus performers. Mollison, who bought the town for $2.5m last year, has made plans for multiple eateries, a hotel, runway for small planes and solar panels. The unincorporated town has fewer than two dozen residents who spend months at a time there. “It smells like Australia,” said Mollison, from Melbourne. Most previous efforts to exploit the town’s potential had ended in failure.

https://www.smh.com.au/business/entrepreneurship/the-australian-trying-to-bring-a-californian-ghost-town-back-to-life-20230511-p5d7ly.html
Too much demand, not enough supply. Global airfares set to stay sky high into 2024

South China Morning Post

23-05-16 06:00


Air travel is becoming more expensive post-pandemic, with most regions affected. The Asia-Pacific area has seen the highest prices increases - up to 33% more than in 2019. Europe has seen a 12% increase, while North America is at 17%. The closure of airspaces, labor shortages, and rising fuel costs are all affecting the supply of seats and contributing to the price increases.

However, the demand for international travel is strong, so travelers on the higher end of the income spectrum are paying for the higher prices. Domestic tourism revenues have also jumped in China, surpassing pre-pandemic levels to 101% during a recent holiday period. China’s theme parks are also said to be bouncing back to pre-pandemic levels as pent-up travel demand sparks a tourism boom.

International airlines saw a plunge of just 12.4% in passenger numbers in Q1 of 2023 compared to Q1 of 2019, due to lingering concerns over Covid-19 and tensions with the US and Europe. Chinese island Hainan saw a return of interest in its high-end consumption market, with foreign brands flocking to catch the post-Covid economic recovery.


https://www.scmp.com/economy/global-economy/article/3220685/global-impact-demand-outstripping-supply-eager-travellers-have-their-wings-clipped-amid-post-covid

Investment firm Low Carbon secures $391.25 mln for solar projects

Reuters

23-05-16 05:01


Renewable energy investment firm Low Carbon has secured £310m ($391.25m) in funding from banks ABN AMRO, Intesa Sanpaolo, ING and the Commonwealth Bank of Australia to finance its solar projects in the UK and the Netherlands. The funding will allow Low Carbon to increase its capacity by 448 MW, taking the total to almost 1 GW. The company's projects are expected to begin generating energy by the mid-2020s, and to supply power to 350,000 homes. Founder and CEO Roy Bedlow said Low Carbon's aim was to create 20 GW of new renewable energy capacity by 2030.

https://www.reuters.com/business/investment-firm-low-carbon-secures-39125-mln-solar-projects-2023-05-16/
French voucher provider Edenred acquires Reward Gateway

Reuters

23-05-16 05:01


French voucher and payment card provider Edenred has bought UK company Reward Gateway for an enterprise value of £1.15bn ($1.45bn). Edenred, known for its Ticket Restaurant vouchers, is seeking to extend its employee benefits offering to HR departments, and Reward Gateway creates software enabling companies to provide rewards to employees. The acquisition of Reward Gateway is expected to boost Edenred's revenue, and it is estimated that the company earns about 60% of its operating revenue from employee benefits. Founded in 2006, Reward Gateway currently operates in the UK, Australia, and the US.

https://www.reuters.com/markets/deals/french-voucher-provider-edenred-acquires-reward-gateway-2023-05-16/
‘There’s your headline’: Lyon says Australia can pull off Ashes whitewash

The Sydney Morning Herald

23-05-16 04:39


Australian spinner Nathan Lyon has claimed his team can whitewash England 5-0 in the upcoming Ashes series in England.The veteran also laughed off Stuart Broad’s view that the result in the last Ashes series was ″⁣void″⁣, saying the England quick was merely trying to get under Australia’s skin.Lyon told this masthead before the 2021/22 series in Australia he was confident the home side could pull off victories in all five matches.

https://www.smh.com.au/sport/cricket/there-s-your-headline-lyon-says-australia-can-pull-off-ashes-whitewash-20230516-p5d8q5.html
Should UK boards take Apollo seriously?

Financial Times

23-05-16 04:35


Apollo Global has developed a reputation in the UK for abandoning deals at the eleventh hour. That has only been underscored after the US investment giant saw two possible take-privates collapse in the past four days. On Monday, Apollo said it wouldn’t follow through with its offer for UK oil engineering company Wood Group, causing the company’s share price to fall by more than a third. Taking publicly traded UK companies private has proven a lucrative source of deal flow for some of Wall Street’s biggest names in recent years. But Apollo hasn’t capitalised on the trend. Instead, the Wood Group and THG represent Apollo’s latest failed efforts to buy UK companies. The $598bn investment firm has also failed to follow through on deals for publisher Pearson, gambling company William Hill and packaging business RPC Group.

https://www.ft.com/content/1f598dc2-7156-4196-90e3-d05e6ad1d634
Live England Test match squad Ashes warm-up v Ireland – live updates

Telegraph

23-05-16 09:21


The England selectors for the upcoming Lord’s match between England and Ireland have announced the 15-man squad. Jofra Archer is a serious doubt while Olly Stone will miss the Ireland Test and the first two Ashes Tests, which means the fast-bowling stock of Test-experienced bowlers may be limited. The big calls are who should wear the gloves – Ben Foakes or Jonny Bairstow – whether Zak Crawley should remain at the top of the order and whether England can afford to carry a frontline spinner. The Ashes follows the four-day match against Ireland.

https://www.telegraph.co.uk/cricket/2023/05/16/england-test-match-squad-announcement-live-jofra-archer/
Drag performer stopped at airport over unrecognisable passport photo

The Independent

23-05-16 09:06


A traveller from Australia says surgery has made them look so different to their passport picture that they were held up at an airport. TikTok user Tomi Grainger said they were detained at passport control in Japan while travelling from Sydney. The drag performer, who said they were nervous they might miss their flight, was eventually let through after explaining they had recently had cosmetic surgery. "I think it's about time I change my passport," Grainger said.

https://www.independent.co.uk/travel/news-and-advice/passport-photo-plastic-surgery-drag-b2339622.html
Imperial bets on price hikes, tobacco alternatives for growth

Reuters

23-05-16 09:04


Imperial Brands is optimistic of a strong six-month period with higher cigarette prices and strong demand for tobacco alternatives expected. The tobacco company’s revenue grew by 0.3% to £15.41bn ($21.6bn) driven by sales of its NGP brands of e-cigarettes and heated tobacco, which rose by 19.8%. Imperial Brands has been shifting its focus to its top five markets while beefing up investments into NGP products, having introduced a new line of menthol-flavoured blu e-cigarettes in the US in March. The company maintained its outlook for adjusted operating profit for the full year.

https://www.reuters.com/business/retail-consumer/imperial-brands-first-half-profit-rises-price-hike-boost-2023-05-16/
Magpies’ future in peril as Netball Australia turns modest profit

The Sydney Morning Herald

23-05-16 09:04


Netball Australia announced that after two years of significant losses, the governing body is on the verge of announcing a “modest” profit after resetting its finances. Despite this, the future of the Collingwood netball programme is in doubt. The Collingwood franchise, which entered Super Netball in 2017, is on the bottom of the ladder, with the lowest crowds reportedly in the competition. Netball Australia, which has suffered a $7.2m financial hit over the last two years, revealed a modest profit from 2020. The women's sport is currently negotiating a new Collective Player Agreement, which will require significant financial investment.

https://www.smh.com.au/sport/netball/magpies-future-in-peril-as-netball-australia-turns-modest-profit-20230515-p5d8dv.html
Jofra Archer to miss Ashes summer with fresh stress fracture in his elbow

The Independent

23-05-16 09:01


Jofra Archer has been ruled out for the entirety of England’s Ashes summer after being diagnosed with a fresh stress fracture in his right elbow. Archer has not played Test cricket for over two years and had planned to return for the Ashes against Australia after recovering from numerous surgeries. Archer recently had scans which showed a recurrence of his injury. ECB director of men’s cricket Rob Key said, “We wish him the best of luck with his recovery. I’m sure we will see Jofra back to his best and winning games for England, whatever the format.”

https://www.independent.co.uk/sport/cricket/jofra-archer-australia-test-cricket-england-and-wales-cricket-board-rob-key-b2339668.html