Reserve Bank of Australia cuts Interest Rates: What it means for borrowers and the economy
The Reserve Bank of Australia (RBA) lowered the official cash rate by 25 basis points to 3.60%, a move that had been widely anticipated by economists and financial markets. The decision aims to provide relief
Coalition secures CFMEU’s placement under administration
The CFMEU is set to be placed into administration following an agreement between the Coalition and the federal government on new legislation targeting the controversial construction union. The Coalition has pledged to support the bill,
Pay up, Aussie scam victims call for new laws to force banks to return losses
Scam victims in Australia are calling for legislation similar to the UK’s, which mandates banks to reimburse customers for losses incurred through scams. Starting October, the UK’s Payment Systems Regulator will require banks to compensate
Australia tops global rankings for Workplace Violence and Harassment: A crisis in need of urgent reform
Australia has emerged as the global leader in workplace violence and harassment, with nearly half of the nation’s workforce experiencing abuse at some point in their careers. This rate is more than double the global
Long COVID costs Australian economy $10 billion in one year
New research has unveiled that long COVID inflicted a staggering $10 billion hit on the Australian economy within just a single year. The study, published in ‘The Medical Journal of Australia’, underscores the urgent need
Bendigo Bank warns of social media scams this Scams Awareness Week
Bendigo Bank is issuing a warning to its 2.5 million customers to stay vigilant and not fall for social media scams ahead of Scams Awareness Week 2024, starting Monday 26 August. Bendigo Bank’s Head of
Paul Keating claims Australia is caving to U.S. demands over AUKUS
Former Australian Prime Minister Paul Keating criticized the Albanese government for yielding to U.S. influence in the trilateral Australia-UK-U.S. (AUKUS) nuclear submarine pact, according to a report by the Australian Broadcasting Corporation (ABC) on Saturday.
Thessaloniki International Fair (TIF): Up to €2 Billion Package to Support the Middle Class
The government’s economic team is expected to present the final plan for the benefits package immediately after the August 15 holiday, to be announced at the Thessaloniki International Fair (TIF). The total cost of the measures is estimated to reach between €1.5 and €2 billion, with the primary goal of
‘Evdokia’ the 1200 Year Old Olive Tree in Corfu, Greece
An imposing olive tree on Corfu, known as ‘Evdokia’ by the locals, has been estimated to be between 1086 and 1200 years old, according to stu-dies by German scientists from the Dresden University of Technology.
When calves seek shade at the beach you know it’s Heat Wave in Greece
Heat wave in Greece: It is currently so boiling hot in Greece that even calves seek the beach and shade under the sun umbrella. A swimmer was surprised to see a calf to have made
Austerity, unemployment behind ND lanslide
‘I am committed to fewer taxes, many investments, for good and new jobs, and growth which will bring better salaries and higher pensions in an efficient state’ Mitsotakis said. Greece’s opposition conservatives returned to power
Mitsotakis to CNBC: Talks with European partners will begin immediately; ND has presented a clear plan, ‘without surprises’
Kyriakos Mitsotakis’ first press statements after Sunday’s election victory by his center-right New Democracy (ND) came during an interview to CNBC, where he expressed gratitude over the election result – which will make him prime
The importance of the Greek Exclusive Economic Zone
In 1967, Malta’s Ambassador to the United Nations, Arvid Pardo, called for an international conference to devise a new law of the seas. In this call, he referred to the oceans as “the common heritage
Lamda Development warns against last-minute ministerial decisions regarding delay-plagued Helleniko project
A nascent “feud” between the international consortium that’s won a concession for the massive Helleniko property development in southeast Athens and the outgoing Tsipras government, given that the privatization remains mired in Greece’s ubiquitous “red
Netanyahu and Trump discuss Israel’s plans to attack Gaza
Israeli Prime Minister Benjamin Netanyahu spoke by phone on Sunday with US President Donald Trump, where they discussed in detail Israel’s plans for a new military operation in the Gaza Strip. The conversation was made public in an official statement from the Israeli prime minister’s office, which released the basic
Albanese to raise “full range of issues” in high-stakes China trip
Australian Prime Minister Anthony Albanese is embarking on a politically delicate six-day mission to China, vowing to raise the “full range of issues” troubling the bilateral relationship. From the unjust jailing of Australian academic Dr.
Air India: Panic in the cockpit as fuel cutoff switches were activated just before the crash – preliminary report
A preliminary report on the devastating Air India crash, which tragically claimed the lives of 260 people, has revealed shocking new details. The plane, which crashed shortly after takeoff in India, was believed to have
Turkey and Libya sign new military agreement to deepen strategic alliance
Turkey and Libya signed a new military cooperation agreement on Thursday, July 10, in Ankara, aiming to enhance the Libyan army’s operational capabilities through advanced training, logistical support, and technical expertise. The deal was signed
Israel urges US to resume strikes on Houthis after attacks on Greek-operated ships
Tensions in the Red Sea are rising rapidly as Israel formally requested the United States resume military strikes on Iranian-backed Houthi rebels in Yemen, following a deadly escalation that saw two Greek-operated ships sunk. The
Internal chaos in Trump White House threatens future of AUKUS submarine deal
The AUKUS submarine deal is under renewed scrutiny amid reports of internal dysfunction within the Trump administration, described by insiders as “Game of Thrones politics.” While U.S. Secretary of State Marc Rubio has sought to
How Putin rebuilt Russia into a global power
Many wonder how the Russian economy manages to stay afloat under numerous sanctions, maintain low debt levels, and even outperform the West in certain production sectors. Following the collapse of the Soviet Union, Moscow—a once-great
