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Australia news live: Experts push back at call for shark cull after attack; university students report freedom of speech fears
Nearly $200m given to industry in zero-interest government loans amid Middle East conflict The federal government’s Economic Resilience Program has provided nearly $200m in zero-interest loans since its announcement last month. The program offers $1bn in zero-interest loans for industrial manufacturing and critical supply chains impacted by market disruptions caused by the conflict in the Middle East. In an update provided on Monday, more than 200 businesses have signed up for the zero-interest loans, totalling almost $195m. The industry and innovation minister, Tim Ayres , said more than three-quarters of the loans have been for under $1m. Ayres said: double quotation mark Firms in crucial sectors like freight and logistics, fuel, plastics and fertiliser are receiving vital support from the National Reconstruction Fund in partnership with Australian banks.