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Lights, Camera, Budget: Who made the VVIP lists for Canberraâs night of nights
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Generally, the second Tuesday in May is the only night of the year when the often-ignored national capital can truly feel like the centre of the nationâs attention. At least, for the 30 minutes of the Treasurerâs budget speech.
And after the COVID-inspired and socially distanced non-event that was budget 2020, the political crowd and bandwagoners turned out in force for what is expected to be the last budget ahead of the next federal election.
Blackmores boss says borders a bigger headache than Belt and Road stoush
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Blackmores boss Alastair Symington says the country’s closed borders are a bigger headache for the vitamins maker than the potential for rising trade tensions between China and Australia after the axing of Victoria’s Belt and Road agreement with Beijing.
The federal government on Wednesday used new veto powers to tear up Victoria’s controversial infrastructure deal with China saying it was not in the country’s national interest. This led to business warning of likely trade retaliation from China with policymakers having to manage the economic fallout from Beijing.
Australian National University higher education expert Andrew Norton said international student data suggested Chinese students were resistant to worsening relations between the two countries. Relations took a further hit on Wednesday when the federal government cancelled Victoriaâs controversial Belt and Road deal with the rising superpower.
Reaction by Victoriaâs business sector was muted on Thursday, with the stateâs main employer group saying any impact on the local economy from the Morrison governmentâs move remained to be seen.
Wine exporters told
The Age that tariffs imposed by China on Australian exports last year had done far more damage to their trade than the end of the Belt and Road arangement would.