Category Archives: Foreign Affairs

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Virgin Airlines Murky Shareholder

Michael Sainsbury Sections of this article were originally published in Crikey.com.au and Michaelwest.com.au The international storm of controversy around conglomerate HNA Group, one of Virgin Australia’s two secretive and highly acquisitive Chinese shareholders – and also an investor in Australia’s property sector – just won’t go away and part I, at least, now looks set

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How Big Iron’s mistake cost you billions

Michael Sainsbury As the iron ore price stopped plunging this week — it closed last night at US$47.60, up a measly 30 cents and only a couple of bucks off its 10-year low, and the simple rules of supply and demand dictate that it will slump again — a fresh roadblock has appeared in the way of Australian producers. The

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China bolsters Pacific credentials by rushing cyclone aid to Vanuatu

Robert Barber When Cyclone Pam, an extremely destructive category 5 storm, crashed into Vanuatu at the weekend, it wreaked havoc killing at least 50 people. China was quick to join the South Pacific’s traditional financial guardians Australian and New Zealand in offering aid. According to the Australian Bureau of Meteorology three tropical cyclones were active

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