Turnbull is switching to a greener Australia avdocating the use of clean energy. The government will support Clean Energy Finance Corp. and the Australian Renewable Energy Agency and develops Clean Energy Innovation Fund worth A$1 billion.
Government
US Seeks to Strengthen Economic Relationship with ASEAN to Counter China
As China has increased its influence in Southeast Asia, U.S. stepped in. United States plan to match China in rebalancing Asia by increasing partnership with ASEAN.
Companies in UK Only Show Little Concern Over Brexit
As the country divided in the Brexit issue, British companies showed a little concern regarding Brexit. They considered Brexit do not affect their business activity.
Former Head of CIA Said Brexit Will Endanger Europe and UK in War Against Terror
Retired U.S. Army General David Petraeus intervened on Brexit issue. He compelled voters to choose to stay in European Union for the sake of security and war on terror.
Britain's Opposition Accused Government Planned to Cut Border Protection Budget
Labour Party said the government plan to cut budget for border force. Shadow Home Secretary Andy Burnham urged government to disclose the budget plan.
Latest News
Puerto Rico is struggling with a $72 billion debt and is seeking for a Chapter 9 bankruptcy. It is unclear why the said country is excluded and will not be able to take advantage of it to protect it from creditors and restructure its debts. Only Congress can make a bankruptcy law.
Fantasy sport games FanDuel and Draft Kings will stop their paid contests in New York. The companies will wait for regulation to legalize their operation.
The British central bank has voted on Thursday to maintain a low interest rate. The uncertainties regarding and weak global trade outlook has made the committee to decide to maintain low interest rate.
China and U.S. has been competing for a place in the economy and politics of Cuba. China has been doing business with Cuba for several years and the U.S. is just making a start. The edge that Washington sees is the proximity as being Cuba's neighbor.
In fear of Brexit, economists predicted British central bank will keep its interest rate low. While Bank of England Governor Mark Carney warned that Brexit will damage British financial stability.
U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.
Treasure Department published monthly budget report on Thursday. This year a 0.1% increase is reported from last year. This full-year's deficit is forecasted to be much higher than 2015.
China has decided to implement its stringent anti-pollution efforts despite slowing down of economy. China is propelling up economy growth without compromising on environment protection.
Eurogroup President Jeroen Dijsselbloem said to begin review on Greece debt soon. The group will renew talk after Greek government continue its reform plan.
