Australia budget to bolster supply chains, domestic industry post-coronavirus and amid China turmoil

Australia’s new budget commits funding to help diversify supply chains and support domestic manufacturing as disruptions stemming from the coronavirus outbreak and continued trade frictions with China have reinforced the need for self-sufficiency.

The Australian government will spend A$107.2 million (US$76.7 million) on a Supply Chain Resilience Initiative that will map out existing vulnerabilities and offer solutions to strengthen them, Canberra announced on Tuesday.

The scheme is paired with a

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Japan Airlines aims for discount network to capture post-coronavirus tourism

Adds comment, details

TOKYO, Oct 7 (Reuters)Japan Airlines 9201.T wants to create a low-cost carrier network with three of its discount carriers to tap leisure travel that, unlike business travel, could rebound as the coronavirus wanes, the company president said on Wednesday.

“Aviation won’t return to what it was before and business travel demand could even shrink further. One of our targets is tourism,” Yuji Akasaka told

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