BusinessPostCorner.com
No Result
View All Result
Friday, July 17, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Australia urges universities to diversify research away from U.S.

April 2, 2025
in Business
Reading Time: 2 mins read
A A
0
Australia urges universities to diversify research away from U.S.
ShareShareShareShareShare

Australian foreign minister Penny Wong urged universities to seek greater research cooperation with partners outside the US following the Trump administration’s threat of funding cuts to the sector. 

At least seven Australian universities are facing a potential reduction in funding after they received lengthy questionnaires from the U.S. government asking how their projects aligned with President Donald Trump’s domestic and foreign policy priorities. Industry group Universities Australia said the change could affect as much as A$600 million ($377 million) in research funding.

Wong said that just as the Australian government was encouraging businesses to broaden their trade markets in response to global disruptions, the education industry needed to follow suit.

“We have to recognize that we live in a different world,” she told Australian Broadcasting Corp. radio on Wednesday. “We will continue to make the case to the U.S. that collaborative research benefits both countries, but I would say making sure we diversify our engagement matters across all our economic sectors.”

Australia, one of Washington’s oldest allies which also runs a trade deficit with the U.S., is bracing for the next round of tariffs due to be unveiled by the Trump administration within 24 hours. Prime Minister Anthony Albanese has said he will not negotiate on a range of concerns raised by the US Trade Representative in a report released this week.

Universities Australia chief executive officer Luke Sheehy told the ABC last week that Monash University and the University of Technology Sydney were among those exposed to potential US funding cuts. 

“This is really alarming that Australia’s closest ally, someone who funds more than half a billion dollars of research in the Australian system seeking Australian expertise to benefit both countries, is putting all of that at risk,” he said.

This story was originally featured on Fortune.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

Trump-endorsed news outlet sees 2,200% share surge

Next Post

China ties U.S. talks to tariff removal as stalemate deepens

Next Post
China ties U.S. talks to tariff removal as stalemate deepens

China ties U.S. talks to tariff removal as stalemate deepens

A&O Shearman hands partners £2.2mn as profits return to pre-merger levels

A&O Shearman hands partners £2.2mn as profits return to pre-merger levels

July 16, 2026
Tropical nights come to Europe

Tropical nights come to Europe

July 11, 2026
Netflix’s shares slide on disappointing growth forecasts

Netflix’s shares slide on disappointing growth forecasts

July 16, 2026
Help not wanted: World Cup hiring boost has yet to materialize

Help not wanted: World Cup hiring boost has yet to materialize

July 11, 2026
Dan Ives and Trump family-linked securities group launch AI bank, because why not?

Dan Ives and Trump family-linked securities group launch AI bank, because why not?

July 15, 2026
Tax professionals aren’t worried about AI taking their jobs, but about taking jobs without AI

Tax professionals aren’t worried about AI taking their jobs, but about taking jobs without AI

July 14, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Why has British Steel been nationalised?

Why has British Steel been nationalised?

July 17, 2026
Current price of oil as of July 17, 2026

Current price of oil as of July 17, 2026

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!