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
Australia, United States and Japan sign missile deal aimed at countering China
Today, United States President Joe Biden announced the launch of a new air defence strategy in partnership with Australia and Japan. The announcement was made during a joint press conference with Japan’s Prime Minister Kishida
Australia considers recognising Palestinian state: The need for peace and stability in the Middle East
The political scene in the Middle East is undoubtedly rich with conflict and adversity that has lasted for decades. At the heart of this complexity is the longstanding conflict between Israel and the Palestinians. However,
Anglicare: It costs more to be poor
Unemployment benefits are not enough to cover basic living costs, according to a new report from Anglicare Australia. The national not-for-profit organisation highlighted the impact of inflation – and cost-of-living increases from energy suppliers that
Study finds two-thirds of retirees less financially secure amid cost of living crisis
Most retirees in Australia are happy with their retirement, but a significant proportion are concerned about their financial security, according to research commissioned by investment firm Challenger and conducted by YouGov. The survey of 1,000
Regional hospitals are collapsing
Regional hospitals are warning they face ‘inevitable closures’ or widespread job losses following a Victorian-wide mandate to cut spending ahead of this year’s state budget. Leaked internal documents reveal that chief executives of many of
Samantha Mostyn: The next Governor General of Australia
Prime Minister Anthony Albanese has announced that Samantha Mostyn will be the next Governor General of the country. Ms Mostyn, a prominent businesswoman and gender equality advocate, will succeed David Hurley and become Australia’s 28th
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
Micro-brewery sector in Greece surging on back of global beer trend
A burgeoning presence but limited profits are, in general terms, the main characteristics of the micro-brewing sector in Greece so far, although forecasts continue to be very bright – as Greek consumers are following a
Five suitors in next phase of IGB pipeline tender
Five consortia have been approved for the next phase of an international tender to build the Greece – Bulgaria (IGB) gas inter-connector pipeline between the Greek and Bulgarian natural gas grids, a project worth 145
Paralysis
With less than one month to go before the European Parliament election, the difficult situation in which Prime Minister Alexis finds himself is constantly worsening. With the cards stacked against them, none of the initiatives
Ancient Greek shipwreck now open to divers
A remarkably preserved shipwreck on the northern coast of the Greek island Aloneissos has become a remarkable new underwater museum. The ship has played a major role in the way archeologists understand the art of
50% of waste in Greece’s seas consists of plastic bags & bottles, aluminum cans
Fifty percent of waste found into Greek seas are plastic bags, plastic bottles and aluminum cans for beer and soft drinks, Professor Giorgos Papatheodorou of the Marine Geology and Natural Oceanography Laboratory at Patras University
Speculation of price hikes for Greeks’ beloved souvlaki/gyros causes outcry, social media frenzy
The recent international rally in meat prices, emanating from the devastating effects of African swine fever disease in China – the world’s biggest producer and consumer of pork – has touched a “raw nerve” in
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
EU Commissioner Johannes Hahn: Call on North Macedonia to respect the Prespa Agreement
In an appeal to the new government of North Macedonia and relevant stakeholders, European Union Commissioner Johannes Hahn stressed the importance of respecting the Prespa Agreement. Speaking to journalists in Brussels, he expressed concern about
Hamas accepts UN Security Council decision for ceasefire
Hamas has accepted the UN Security Council’s decision for a ceasefire in the Gaza war, Sami Abu Zuhri, a member of the Islamic organisation, told Reuters. Hamas is ready to negotiate the details of the
The European Parliament elections indicate a patriotic surge for right-wing parties
The European Parliament election outcomes reveal a significant surge in the favorability of right-wing parties: 🇫🇷 Marine Le Pen’s National Rally garnered 32-33% of the votes in France, leaving Macron’s Renaissance party trailing far behind
Mitzkoski: “I will call my country Macedonia”
VMRO-DPMNE leader and future Prime Minister of North Macedonia, Christian Mitzkoski, has said that while the constitutional name of the country (North Macedonia) will be used in official communications by state institutions, he will continue
NATO ally Turkey signals interest in BRICS membership
Ankara’s strategic maneuvering takes a significant turn as Turkish Foreign Minister Hakan Fidan declares the nation’s intent to engage with the BRICS group of nations. This bold move, slated for discussion at an imminent meeting
Unexpected Turkish support for the Parthenon Marbles from UNESCO
At the 24th session of UNESCO’s Intergovernmental Committee for the Return of Cultural Objects to their Countries of Origin (ICPRCP), Turkey’s representative caused a surprise by undermining one of Britain’s main arguments for possession of
