Australian wine industry group calls for WTO investigation into China's wine tariffs

Industry group Australian Grape and Wine has called for the federal government to refer China’s tariffs on Australian wine to the World Trade Organisation.

A WTO appeal on the tariffs, which are up to 220%, could take up to 5 years to be resolved, leading some to raise concerns about the risk of further disruption or potential retaliation on the industry.

Charges filed against ME Bank

The Australian Securities and Investment Commission says charges of false and misleading behaviour have been filed against ME Bank in the Federal Court following an investigation. 

The Banking Code of Compliance Committee has also sanctioned ME Bank for serious and systemic breaches of the Banking Code, including poor and ineffective communication to customers regarding changes to their redraw amounts. 

China retaliates against Biden pursuing 'lab leak' COVID origin theory

A finger pointing contest has begun between the US and China, who are each calling for the other to be investigated for manufacturing COVID-19. 

US President Joe Biden gave orders yesterday for intelligence officers to pursue the lab leak theory about the origin of the virus, which he had previously dismissed as far-fetched.

Brisbane's final Olympic bid documents are in

Brisbane’s final bid documents to host the Olympics are in. 

The Olympic Committee is expected to announce Brisbane as the 2032 host at its session in Tokyo on July twentieth and twenty-first.

The Australian Olympic Committee and Commonwealth Games Australia have written to the federal government, calling for a fundamentally new investment model for sport.