IMF warns: Australia heading towards inflation crisis
The International Monetary Fund (IMF) has warned that Australia is on track to record one of the highest inflation rates among developed economies. In its latest World Economic Outlook, the global lender said economies worldwide
Australia concedes defeat in high-stakes battle to host COP31, handing victory to Turkey
Australia is preparing to concede defeat in its bid to host next year’s major United Nations climate summit, COP31, despite months of lobbying, millions of dollars in preparatory work, and strong public advocacy from senior
Greece expands tourism footprint with new GNTO (EOT) office opening in Melbourne, Australia
Greece has taken a significant step toward strengthening its presence in the Australian tourism market with the official launch of a new Greek National Tourism Organization (GNTO) office in Melbourne. The office, housed within the
ANZ and NAB chiefs face parliamentary scrutiny after record fines and misconduct
Australia’s largest banks are facing intense parliamentary scrutiny as the government examines past misconduct, employment practices, and customer protections. ANZ’s new chief executive, Nuno Matos, publicly apologised to a parliamentary committee for the bank’s historic
Australians hold 209 million days of unused annual leave as employment landscape shifts
Australian workers are heading into the summer break with a massive stockpile of unused annual leave, collectively sitting on 209 million days of accrued holidays, new data from research firm Roy Morgan shows. The near-record
Surge in social media use replaces sport, reading and arts among Australian children
A dramatic rise in social media use among children and adolescents is reshaping daily routines and pushing aside key developmental activities such as sport, reading and music, according to a major new study by the
Optus fined $826,320 after major verification flaw allows scammers to steal customer identities and tens of thousands of dollars
Optus has been hit with a substantial $826,320 penalty after a serious security lapse allowed scammers to bypass customer verification processes and steal as much as $39,000 from individual victims. The Australian Communications and Media
Turkey cries foul as Greece boosts Aegean firepower
Greece has taken a significant step forward with its new defence agreement with Israel. The government in Athens has decided to strengthen its arsenal by acquiring PULS multiple-launch rocket systems, with a range of between 35 and 300 kilometres. Following approval by the Greek Parliament, the agreement was signed and
The 23-year-old farmer who drove the roadblocks and the government crazy with her fighting spirit
The 23-year-old farmer who drove the roadblocks and the government crazy with her fighting spirit has become a symbol of resilience and authenticity in Greece’s ongoing farmers’ protests. Anna Kampani, just 23 years old, has
Director of “Avgi” resigns after controversial front page featuring Alexis Tsipras
A significant internal shock has hit SYRIZA after the director of the newspaper Avgi, Spyros Sourmelidis, resigned following a controversial Sunday front page that placed former Prime Minister Alexis Tsipras in direct contrast with the
Tragedy south of Crete: Seventeen illegal migrants found dead — bodies stored in refrigerated truck as authorities investigate
Greek authorities are facing a major tragedy after 17 bodies of illegal migrants were recovered south of Crete following the sinking of a small boat in rough seas. Only two survivors, aged 16 and 20,
Tragedy in Zakynthos: Father of 2-year-old Leo speaks out — “I took in the pit bull because it was dying, and it killed my son”
The father of 2-year-old Leo, who was killed after being mauled by a pit bull in the village of Agios Leontas on Zakynthos, has spoken publicly in deep grief. The dog, which was kept chained
Farmers begin airport blockades: “This is a warning – we are not backing down”
Greek farmers are escalating their nationwide mobilisations, warning the government that symbolic road and border blockades are only the beginning. Speaking to journalists, representatives from agricultural unions insist they “will not retreat unless justice is
Pavlos Kontogiannidis launches fierce attack on Alexis Tsipras over new party plans
Greek actor and former MP Pavlos Kontogiannidis has issued an unusually harsh public critique of former prime minister Alexis Tsipras, accusing him of hypocrisy, political opportunism and an attempt to launch a new political party
Orbán’s masterstroke leaves Brussels in checkmate
In a display of political manoeuvring so bold it borders on the theatrical, Viktor Orbán appeared to recognise early that the European Union, George Soros, Barack Obama and the wider globalist establishment were aligned against him. With little credible left-wing opposition remaining in Hungary — none surpassing the modest 5
Japan did not invite Israel to the U.S. nuclear bombing commemoration
The mayor of Nagasaki, not only dismissed the invitation of the ambassador of Israel but invited the ambassador of Palestine instead. The well-known professional democrats from the G7 and EU threatened him and in the
Megaquake warning issued for Nankai Trough in Japan
A powerful earthquake struck off Japan’s southern coast on Thursday, causing minor injuries and prompting concerns about future major quakes, particularly from the Nankai Trough. The quake, which registered a magnitude of 7.1, was centered
Yahya Sinwar: New leader of Hamas – Hardliner and fluent in Hebrew
Hamas announced on Tuesday night that Yahya Sinwar is the new leader of the Islamist movement, following the assassination of Ismail Haniyeh in Tehran on July 31. Earlier today, the Saudi news television network Al
Tim Walz: Veteran military man chosen by Kamala Harris as Vice Presidential candidate
Kamala Harris, the Democratic presidential nominee, has selected Tim Walz as her vice-presidential running mate, a decision that surprised some observers. At 60, Walz has held various roles as a former teacher, coach, and military
“Drums of war” in the Middle East: Awaiting Iran’s retaliation – Israel on high alert
The Middle East appears ready to explode as the war atmosphere intensifies just hours after the U.S. declared that Tehran might attack Israel within the next 24 hours. All eyes are on Iran and the
Stock markets around the world are crashing right now, but why?
The answer to this question is the Yen carry trade, a term you’ll probably hear many times this week. So what exactly is the Yen carry trade and why did it cause a market downturn?
