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at 12:07 am on April 30, 2021 | 29 comments
The Australian Bureau of Statistics (ABS) yesterday released its International Trade Price Indexes for the March quarter of 2021, which revealed that export prices rose by 11.2% over the quarter and by 8.6% through the year.
The increase in export prices was driven by an 18.2% quarterly rise in metalliferous ores and metal scrap prices driven by strong iron ore demand from China and constrained global supply owing to the tragic dam failure at a Vale mine in Brazil in early 2019.
Over the year, metalliferous ores and metal scrap prices surged by 49.8%, again driven by soaring iron ore prices.
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Closed border could cost education sector $20bn a year in 2022
New research from the Mitchell Institute forecasts the sector’s biggest losses are yet to come. It has found a third academic year of no international students would cost Australia about A$20 billion a year, half its pre-pandemic value.
This is not just a university problem. Most of the economic value of the international education sector comes from students’ spending in the wider economy.
It’s becoming clear the fate of the international education sector rests on Australia’s border policy. The most important factor in the sector’s recovery is the rate at which both new and returning international students can enter the country.
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A quarter of sexual assaults occurred over a year ago: Australia
More than a quarter of sexual assaults recorded by police were reported a year or more after the incident occurred, according to figures released today by the Australian Bureau of Statistics (ABS).
ABS Director of Crime and Justice Statistics, William Milne, said “Of the 26,892 victims of sexual assault recorded by police in 2019, over a quarter (27 per cent) were reporting incidents that occurred over a year ago, compared with less than 10 per cent of victims for other offence types.”
There were five times as many female victims of sexual assault (22,337) than male victims in 2019 (4,378).
Australians could finally get a decent pay rise from next year with Treasurer Josh Frydenberg dropping a key hint.
Wages last year grew by just 1.4 per cent and have been at below-average levels under 3 per cent since 2013.
Nonetheless, Mr Frydenberg is expecting Australia s unemployment rate to get back to pre-Covid levels by as early as next year, counting from the start of the pandemic. In stark contrast, following this recession, we are on track for the unemployment rate to recover in around two years, he told the Australian Chamber of Commerce and Industry.
Australians could finally get a decent pay rise from next year with Treasurer Josh Frydenberg dropping a key hint. Pictured is Sydney Broadway Shopping Centre supervisoer Kitty Ruce
China-Australia trade spat forces wine exports to fall 96 per cent smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.