Trump Turns Up the Heat: Australia Pressured to Boost Defence Spending or Face Trade Penalties
The Trump administration is putting mounting pressure on Australia to drastically increase its defence spending, aligning with NATO’s new benchmark of 5% of GDP. While NATO allies recently accepted this demand, Australia is resisting calls
Australia’s Digital ID Bill was swiftly passed through the Senate, sparking an outcry over the lack of debate
The government-backed digital identity scheme, known as the ‘Digital ID Bill 2023’, was rushed through the Senate without thorough discussion, prompting criticism over its hurried implementation. This legislation lays the groundwork for a comprehensive digital
Airports brace for busiest day of the year as Easter travel kicks off
Hundreds of thousands of people are expected to jam airport queues and crowd roads today ahead of the long Easter weekend. More than 200,000 people are expected to pass through Sydney and Melbourne airports in
Sally Capp to step down as Lord Mayor of Melbourne
Sally Capp has announced she will step down as Lord Mayor of Melbourne after six years in the role. Capp, who was elected in 2018, announced this morning “with mixed emotions” that she would not
Melbourne and Sydney record surge in population
Both Melbourne and Sydney have seen a surge in population growth, according to new data from the Australian Bureau of Statistics (ABS). The biggest increase was seen in Melbourne, which jumped by 167,500 people in
Inflation holds steady at 3.4 per cent
Inflation has held stable at 3.4 per cent for the third month in a row, according to figures from the Australian Bureau of Statistics. Inflation in the 12 months to February was driven by increases
One in 20 mortgage holders spend more than they earn, says new RBA report
A new Reserve Bank report reveals a worrying trend in Australia, with one in 20 mortgage holders spending more money than they earn. What’s more, tens of thousands of households are at risk of running
Athens fires back at Ankara over East Med dispute: “Turkey cannot lecture others on International Law”
Greece has issued a stern diplomatic response to fresh accusations from Turkey regarding its stance on the controversial Turkey-Libya maritime agreement. The Greek Foreign Ministry, through diplomatic sources, denounced Turkey’s latest comments as “incompatible with international law and good neighborly relations.” The dispute was reignited after Turkish Foreign Ministry spokesperson
Greek President warns Europe of Turkey’s “Dangerous Imperial Fantasies”
President of the Hellenic Republic Prokopis Pavlopoulos said on Sunday that Turkey’s military operations in northern Syria constitute “dangerous imperial fantasies” and warned that the EU will not tolerate violations of international law. Speaking at
Athens marks liberation from the Nazis with ceremony on the Acropolis
In a ceremony marking the 75th anniversary since Athens was liberated from German occupation on October 12, 1944, the Greek flag was raised on the Acropolis on Saturday. The event was addressed by the government’s
Archives, possible throne room discovered in ancient Palace on Crete
The Greek Ministry of Culture announced on Thursday that a new storage room for valuables in Zominthos Palace, on the plateau of Mount Psiloritis on Crete, was discovered at the sprawling site during this year’s excavation season.
Greek gov’t measures for workers, businesses affected by Thomas Cook collapse
The Greek government announced on Saturday a series of measures for tourist businesses and workers affected by the collapse of British Thomas Cook. The measures were announced after a meeting of representatives from the Finance,
Turkey furious as Greece, Cyprus and Egypt “condemn its unlawful actions”
Turkey fumes over a joint statement issued by Greece, Cyprus and Egypt. In an angry statement, the Turkish Foreign Ministry described as “baseless claims” the trilateral statement that, among others, condemned “Turkey’s unlawful actions in
Greek teen’s art installation spotlights our addiction to plastic
Young people around the world are joining forces and making an effort to combat the climate crisis and biodiversity loss. The international movement Fridays for future climate strikes have inspired students around the globe to
Senior Hamas leader killed in Israeli airstrike
The Israel Defense Forces (IDF) have announced the killing of a founding member of Hamas and one of the chief architects of the October 7 massacre during a targeted airstrike in the Gaza Strip. Hakeem al-Issa, who served as Chief of the Combat and Logistics Support Unit within the military
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?
Japan’s Nikkei is down 12%, the largest drop ever
Japan’s Nikkei is down 12%, the largest point ever, as fears of a US recession shook global markets. The Topix index erased its yearly gains, experiencing its steepest sell-off since “Black Monday” in October 1987.
