logo
Why Twiggy's happy to cut the oranges for Team Australia

Why Twiggy's happy to cut the oranges for Team Australia

Shanghai: Prime Minister Anthony Albanese couldn't help but smirk when Andrew Forrest deployed his trademark humour at a press conference in Shanghai on Tuesday.
'Look, I just speak today as a passionate Australian person who's always been happy to cut the oranges out for our country, anytime,' the West Australian billionaire said.
The man known as 'Twiggy', a mining tycoon turned climate saviour, had moments earlier been lavishing praise on the prime minister. Albanese was a busy man, Forrest remarked, and busy people were the best people to handle a tough job.
The task on Forrest's mind?
'I asked our prime minister if he could work together with China to form a bilateral agreement where we escape the threats coming from AI [artificial intelligence] to employment, both in China and Australia,' Forrest said.
A big ask in anyone's book. And the purpose of this request?
'[To] generate a serious jobs boom in both China for green steel and particularly for Australia in green iron ore,' Forrest said. 'We forecast hundreds of thousands of new jobs ... Chasing that tail is incredibly important for all peoples, and for all peoples' children.'
The link between artificial intelligence and green steel may need some clarification. But what is clear is Forrest's drive to build his company, Fortescue, and through that to drive change for a greener economy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Aussie shares crack fresh record high
Aussie shares crack fresh record high

Perth Now

time30 minutes ago

  • Perth Now

Aussie shares crack fresh record high

Aussie shares marked a fresh record closing high on Tuesday, with healthcare and tech stocks powering the market forward. The benchmark ASX200 jumped 59.9 points, or 0.7 per cent, to close at 8630.3, while the broader All Ordinaries index lifted 60 points, or 0.68 per cent, to finish at 8875.3. The bourse's previous closing high was 8603 points, booked on July 4. The gains were broadbased, with 10 of 11 industry sectors ending in the green. Information Technology and Healthcare stocks led the charge, with the sectors advancing 2.16 per cent and 2.04 per cent, respectively. Tech darling Wistech jumped 1.76 per cent to $112.65 a share, while Technology One rallied 2.64 per cent to $40.37 and Xero lifted 1.15 per cent to $174.56. Healthcare giant CSL rose 3.75 per cent to $250.66 and Pro Medicus rallied 2.44 per cent to $324.74. Financials also lifted the market, with bourse-heavyweight Commonwealth Bank adding 0.58 per cent to $179.76. Westpac gained 0.69 per cent to $33.79 and ANZ rose 0.7 per cent to $30.29, but NAB slipped 0.13 per cent $39.61. The materials sector edged down 0.28 per cent on the back of concerning June quarter growth figures out of China. Year-on-year GDP growth hit 5.2 per cent, beating expectations of a 5.1 per cent rise. The benchmark ASX200 marked a fresh record closing high on July 15, 2025. Supplied Credit: News Corp Australia 'This was largely due to strong fiscal support and the front loading of production and exports to the US to beat tariffs,' IG markets analyst Tony Sycamore said. 'With these tailwinds set to abate in the second half of this year, Chinese GDP is expected to slow to 4.5 per cent. 'Furthermore, new home prices in 70 Chinese cities fell by 3.2 per cent year-on-year in June, marking the 24th consecutive month of contraction. 'Today's woeful Chinese housing data has direct implications for the Australian economy, given its influence on demand for key exports including iron ore.' BHP lost 0.86 per cent to $39.39, Rio Tinto declined 1.31 per cent to $110.28 and Fortescue retreated 0.71 per cent to $16.78. The local market followed modest gains on Wall St overnight on Monday, as investors prepared for the start of the Q2 earnings season in the world's largest economy. The Dow Jones added 88 points, or 0.2 per cent, to close at 44,459, while the S and P 500 index edged up 0.14 per cent to 6268 and the tech-heavy Nasdaq gained 0.27 per cent to 20,640. Investors and policymakers would look to key inflation data from the US on Tuesday night for further guidance, Mr Sycamore added. 'The forecast is for headline inflation to rise by 0.3 per cent month-on-month and for the annual rate to increase to 2.7 per cent,' he said. Bowen Coking Coal operates the Burton mine in central Queensland. Shares in the company tumbled 25 per cent in morning trade. Zoe Devenport Credit: News Corp Australia 'The core inflation rate is also expected to rise by 0.3 per cent month-on-month, which would push the annual core rate to 3 per cent, the highest since February. 'Unless the core reading comes in hotter than expected at say 3.2 per cent year-on-year or higher, markets are unlikely to react, given that both the Fed and the market have been anticipating inflation to rise this year due to tariffs.' In corporate news, outdoor media company oOh!media lifted 1 per cent to $1.74 despite revealing its contract with the Auckland Transport Authority would not be renewed beyond September. The contract represented 4 per cent of the company's reported revenue for the 2024 financial year. 'While oOh! is disappointed with this outcome, it has planned for this eventuality and is confident in maintaining a leading position in the New Zealand Out of Home market,' the company said. Embattled central Queensland coal miner Bowen Coking Coal moved closer to collapse, announcing Indonesian contracting giant BUMA had demanded a $15m payment. Shares in Bowen were voluntarily suspended from quotation just after midday after sinking 25 per cent in morning trade to 7.5c. The top gainer on the ASX200 was Lifestyle Communities, which surged 7.7 per cent to $4.47. The largest laggard was lithium miner Pilbara Minerals, slumping 4.55 per cent to $1.58. The Aussie dollar gained 0.09 per cent to buy US65.5c at the closing bell.

Shock result in Torres Strait climate case
Shock result in Torres Strait climate case

Perth Now

timean hour ago

  • Perth Now

Shock result in Torres Strait climate case

The Australian government has no duty of care over the people or the islands of the Torres Strait with regard to climate change, despite admitting 'devastating impacts' were being felt by the region, the Federal Court of Australia has found. In 2021, two Torres Strait Islander men sued the federal government for what they said was a 'breach of duty of care' over their islands, which continue to be ravaged by rising sea levels and other climate change-related damages. Uncle Paul Kabai and Uncle Pabai Pabai are elders on their respective home islands of Saibai and Boigu, both of which are under significant environmental stresses induced by man-made climate change. Paul Kabai and Pabai Pabai. Photo: Supplied Credit: News Corp Australia Coastal erosion, erratic weather conditions, and rapid depletion of sea life populations are just some of the phenomena which, the pair said, the Government had a duty to protect the islands against. In submissions to the court, Uncle Paul Kabai said the people of the Torres Strait were nothing without their island homes. 'We won't have our culture … if Sabai goes under water, we lose everything. Our culture, our identity, our livelihood. It will all be gone,' he said. Uncle Pabai Pabai echoed this sentiment in his own submission. 'If Boigu was gone, or I had to leave it because it was under water, I will be nothing. I will have nothing … I will become nobody.' Paul Kabai (L) and Pabai Pabai (R) began their legal battle in 2021. Brendan Radke Credit: News Corp Australia Handing down his judgement on Tuesday afternoon, Justice Michael Andrew Wigney said he accepted 'many of the factual allegations' upon which the case was based. 'I've accepted the scientific evidence … concerning the devastating impacts that human-induced climate change has had, and continues to have, on the Torres Strait Islands and on the traditional inhabitants … their culture and way of life,' Justice Wigney said. 'Severe erosion, the salination of wetlands and previously arable land, the degradation of fragile ecosystems … has become more frequent and more severe in recent times,' he said. 'There is a very real risk that the worst fears of the applicants will be realised.' Despite his sympathy towards the plight of the Torres Strait Islands and their people, Justice Wigney ultimately ruled in favour of the Commonwealth, bringing the four-year journey of Uncles Kabai and Pabai to a muted conclusion. Saibai island is nestled underneath Papua New Guinea, and sits just 4km off the New Guinea coastline, and is considered to be a part of Queensland. The northern tip of Queensland extends from the bottom of the image. Google Maps Credit: News Corp Australia He found the Commonwealth 'did not, and does not owe Torres Strait Islanders the duty of care alleged by the applicants'. 'The reasonableness of decisions of this nature are … to be decided through political processes, not by judges.' In his closing remarks, Justice Wigney said his judgement, though not in favour of the applicants, was 'not intended to be a criticism of the applicants or their case or their legal advisers'. 'The reality is that the law in Australia, as it currently stands, provides no real or effective legal avenue through which individuals and communities … can claim damages or other relief,' he said. 'That will remain the case unless, and until, the law in Australia changes … until then, the only real avenue available to those in the position of the applicants … involves public advocacy and protest.' Energy Minister Chris Bowen said people in the Torres Strait were 'already feeeling the impacts' of climate change. He added the government was in the final stages of a plan which would 'help all communities understand climate risk and build a more resilient country for all Australians'.

Anthony Albanese urged to avoid being 'weak', push China to release detained Australian
Anthony Albanese urged to avoid being 'weak', push China to release detained Australian

SBS Australia

timean hour ago

  • SBS Australia

Anthony Albanese urged to avoid being 'weak', push China to release detained Australian

A friend of detained Australian writer Yang Hengjun has called on Anthony Albanese to move past "weak" efforts in advocating for the release of his friend, as the prime minister meets with the Chinese president in Beijing. Ahead of his fourth meeting with Xi Jinping in Beijing, Albanese is facing pressure to advocate for Yang's release. Yang, who has been detained since 2019, was handed a two-year suspended death sentence in February 2024 over charges of espionage. He maintains his innocence. Yang's friend and his PhD supervisor in Australia, associate professor Feng Chongyi, said Albanese was focusing entirely on trade during the six-day trip, which he said came at the expense of Australian values around human rights. Feng told SBS News lobbying efforts by Albanese and Foreign Minister Penny Wong to secure his friend's release were "not working" and had been "too weak, too soft". Yang Hengjun wrote about Chinese democracy and US politics online as a high-profile blogger and also penned a series of spy novels. Credit: AP Feng said the approach "actually invites bullying from the CCP [Chinese Communist Party] regime". "It is only lip service, rather than put a very harsh demand that you have to release Dr Yang," he said on Tuesday. "Otherwise, we will not normalise trade. Australia will not normalise relations with China unless you stop bullying Australian citizens like that." Feng suggested Australia leverage mineral resources — iron ore, natural gas and lithium — to broker a deal with Xi. He said Yang's life was in "danger" as his health continued to deteriorate. Feng said Yang has been "habitually tortured" and suffers from constant pain, is malnourished and unable to get treatment for a 10cm cyst on his kidney. "Sometimes Chinese authorities even deny his right to accept the extra money sent by his relatives to buy additional food, including dried beef or milk powder," he said. "So he's catching a cold all the time and he has fainted many times in prison. It's quite a serious concern for me and his family members. "What I expect from Prime Minister Albanese is that he insist on the immediate release of Hengjun back to Australia, because this is unacceptable." Speaking to reporters after meeting with Xi, Albanese said he had raised the case. "You wouldn't expect there to be an immediate outcome, and that is not the way things work," he said. "The way it works is by that patient, calibrated advocacy — what Australians do, what my government does — and I point to the record of my government when it comes to these issues." When asked directly about Feng's comments to SBS News, Albanese said it would be "inappropriate and insensitive" to respond. "I understand the pressures on people when a loved one has been incarcerated," he said. "What we will do, though, is put forward our views in a diplomatic way in order to try to maximise an outcome, and I point towards the outcomes where Australians here in China, in Myanmar, in Vietnam, in Indonesia, the US and the UK have all received outcomes that, at the least, could be called satisfactory. "And we will continue to do that to achieve outcomes and that is what our objective is." Yang's letter to Albanese from prison In a handwritten letter sent to Albanese earlier this year from prison, Yang thanked him for his support. "Dear Prime Minister Albanese, words are now failing me. Tears blur my vision. I can only use a silent voice to thank you and all the people who care for and love me," the letter, written in January, reads. "I know you and the Australian government endeavour to do your utmost to bring me home for medical care and reunification with my family. "Let peace win, let humanity gain, let love prevail, let freedom ring." Both Albanese and Wong have repeatedly said they continue to advocate for Yang's "interests and well-being at every opportunity". — With additional reporting from AAP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store