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Business Times Australia: Press Releases

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Press releases published on June 25, 2025

Journalist Wins Unfair Termination Case Against ABC

Journalist Wins Unfair Termination Case Against ABC

(MENAFN) Australian reporter Antoinette Lattouf successfully won her wrongful termination case against the national broadcaster ABC, receiving AUD$70,000 (approximately USD45,511), according to local news outlets on Wednesday. The Federal Court determined …

Strait of Hormuz Traffic Persists Despite Escalating Israel-Iran Tensions

Strait of Hormuz Traffic Persists Despite Escalating Israel-Iran Tensions

(MENAFN) Vessel movement through the Strait of Hormuz remains largely uninterrupted despite escalating attacks by Israel on Iran, though six tankers have reportedly executed U-turns to avoid the crucial shipping lane. Ismail Kowsari, a member of Iran’s …

Trump gets nominated for Nobel Peace Prize for Iran-Israel truce

Trump gets nominated for Nobel Peace Prize for Iran-Israel truce

(MENAFN) President Donald Trump has been nominated for the Nobel Peace Prize by a U.S. lawmaker, who credited him with helping secure a ceasefire between Iran and Israel following nearly two weeks of escalating conflict. The nomination comes shortly after …

Meloni Reaffirms NATO’s Role in European Defense

Meloni Reaffirms NATO’s Role in European Defense

(MENAFN) Italian Premier Giorgia Meloni stated on Tuesday that NATO continues to serve as the cornerstone of European defense. During a speech in parliament, she expressed her support for enhanced collaboration and coordination among European nations but …

DHS Detains Eleven Illegal Iranian Nationals

DHS Detains Eleven Illegal Iranian Nationals

(MENAFN) On Tuesday, the Department of Homeland Security (DHS) announced the detention of 11 Iranian nationals residing unlawfully in the United States, among them a man accused of serving as a sniper in Iran’s military forces. “DHS has been full throttle …

Iran states it will honor truce if Israel doesn’t violate agreement

Iran states it will honor truce if Israel doesn’t violate agreement

(MENAFN) Iranian President Masoud Pezeshkian confirmed on Tuesday that Tehran will honor a ceasefire with Israel, provided that Israel adheres to the terms of the agreement. During a phone conversation with Malaysian Prime Minister Anwar Ibrahim, …

South Korea Executes Separation Test of Indigenous Long-Range Missile

South Korea Executes Separation Test of Indigenous Long-Range Missile

(MENAFN) South Korea has successfully completed a critical safe separation test for its indigenous long-range air-to-surface guided missile, currently in development, a local media outlet reported Wednesday. The Defense Acquisition Program Administration ( …

Iran Vows Ceasefire Commitment If Israel Honors Deal

Iran Vows Ceasefire Commitment If Israel Honors Deal

(MENAFN) Iranian President Masoud Pezeshkian confirmed Tuesday that Tehran would honor a ceasefire with Israel, provided the terms are not breached by the other side. During a phone conversation with Malaysian Prime Minister Anwar Ibrahim, Pezeshkian …

Russian FSB arrests two Moldovan nationals spying in Moscow

Russian FSB arrests two Moldovan nationals spying in Moscow

(MENAFN) Russian security officials have apprehended two Moldovan nationals in Moscow who reportedly confessed to conducting espionage on behalf of Moldova’s intelligence services, according to statements from the Federal Security Service (FSB). Though the …

API Reports U.S. Crude Oil Inventories Post Sharp Decline

API Reports U.S. Crude Oil Inventories Post Sharp Decline

(MENAFN) The American Petroleum Institute (API) revealed on Tuesday that U.S. crude oil stocks declined by 4.277 million barrels during the week ending June 20. This drop significantly exceeds analyst expectations, which had forecasted a modest decrease of …

Japan Protests China’s New Construction in East China Sea

Japan Protests China’s New Construction in East China Sea

(MENAFN) Japan escalated diplomatic tensions on Tuesday by formally protesting China’s suspected resource development activities in the East China Sea. The protest followed reports from local media that Beijing began building a new structure within the …

UN Official Addresses Iran, Israel Ceasefire

UN Official Addresses Iran, Israel Ceasefire

(MENAFN) On Tuesday, a senior UN official emphasized that the ceasefire between Israel and Iran presents a significant opportunity to halt further conflict and address concerns surrounding Iran’s nuclear program through diplomatic and peaceful measures. " …

Russian Missile Attack Claims Lives in Ukraine

Russian Missile Attack Claims Lives in Ukraine

(MENAFN) On Tuesday, Ukraine reported that at least 11 individuals were killed in a Russian missile strike in the Dnipropetrovsk region. "Nine people died in Dnipro as a result of an enemy attack. Two more were killed by Russians in Samar. Thus, the number …

U.S. Current Account Deficit Soars 44.3 Percent in Early 2025

U.S. Current Account Deficit Soars 44.3 Percent in Early 2025

(MENAFN) The United States saw its current account deficit soar by 44.3% to $450.2 billion in the first quarter, according to Commerce Department data released Tuesday. This figure slightly surpassed expectations, which forecasted a $448 billion deficit …

Turkey’s defense industries Secretariat efforts earned recognition within NATO

Turkey’s defense industries Secretariat efforts earned recognition within NATO

(MENAFN) Haluk Gorgun, head of Türkiye’s Defense Industries Secretariat, emphasized on Tuesday that the Turkish defense sector’s rapid production capabilities and flexibility have earned significant recognition within NATO, including at the highest levels. …

France, Norway Forge Stronger Defense, Security Cooperation

France, Norway Forge Stronger Defense, Security Cooperation

(MENAFN) French President Emmanuel Macron wrapped up a pivotal two-day state visit to Norway on Tuesday, where he and Norwegian officials underscored the urgency of bolstering defense and security cooperation amid evolving geopolitical tensions in Europe. …

Amazon Rolls Out Fast Delivery to Over 4,000 Rural U.S. Towns

Amazon Rolls Out Fast Delivery to Over 4,000 Rural U.S. Towns

(MENAFN) Amazon revealed Tuesday that it is dramatically scaling its Same-Day and Next-Day delivery capabilities, extending the service to over 4,000 small cities and rural communities across the United States. The move will make the rapid Prime delivery …

Erdogan, Trump Discuss Global Issues

Erdogan, Trump Discuss Global Issues

(MENAFN) On Tuesday, Turkish President Recep Tayyip Erdogan held a meeting with US President Donald Trump at the NATO Summit in The Hague. The leaders engaged in discussions covering a range of regional and global matters, as well as bilateral relations …

U.S. Consumer Confidence Drops in June

U.S. Consumer Confidence Drops in June

(MENAFN) The Conference Board reported a sharp decline in the US Consumer Confidence Index, which dropped 5.4 points to 93 in June, wiping out nearly half of May’s gains. This downturn reversed the upward trend seen the previous month, according to Tuesday …

Romania’s Parliament Elects New Leaders After Government Shifts

Romania’s Parliament Elects New Leaders After Government Shifts

(MENAFN) Romania’s Parliament swiftly installed new leadership on Tuesday in the wake of a freshly formed government. Senator Mircea Abrudean from the National Liberal Party (PNL) secured the Senate presidency with a decisive 89 votes for and 28 against, …

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