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
The Help to Buy scheme will help but it won’t solve the housing crisis
Brendan Coates – via The Conversation The federal government’s Help to Buy scheme is before the parliament. Both the Coalition and the Greens are opposed to it. If the bill is passed, the government will
By establishing a dedicated whistle-blowing body, Labor can prove its integrity credentials
Without the support of a whistleblower protection authority, too many whistleblowers remain silent, to the detriment of our democracy. Imagine finding something amiss at work: irregularities in project numbers as a public servant or discovering
The magic income that could win the biggest tax cut
Australia’s political stage could be set for a showdown this week as the government introduces its proposal to parliament to overhaul the stage 3 tax cuts. Both parties have claimed that their tax package does
Why it’s a good bet the RBA’s Melbourne Cup Day interest rate hike will be the last
Peter Martin – via The Conversation Australia just became the odd one out. At its meeting last week, the US Federal Reserve kept its official interest rate on hold. A week earlier, the European Central
Optus outage leaves 10 Million Australians without mobile or internet
Optus outage leaves 10 million without mobile or internet network: Boss’s silence makes alarming admission about the cause. Optus has suffered one of the biggest outages in Australian history. The Optus crash has affected 10
The ABC smear proposes X is now a ‘worthless’ platform
In a scathing attack on Twitter the news organization ABC has labelled the platform proposing X is now a ‘worthless’ platform. If the ABC smear proposes X is now a ‘worthless’ platform, how valid is
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
More than 300,000 ancient treasures unearthed during metro digging in Thessaloniki
Metro digging in Thessaloniki, Northern Greece, has unearthed an extraordinary treasure trove of more than 300,000 ancient artefacts, from gold wreaths and rings to statues of the goddess Aphrodite. The construction of a metro network
Ancient Greek migrants built the famous Stonehenge, DNA reveals
Britons who built the famous Stonehenge were product of ancient wave of migrant farmers, that is of Greeks from Asia Minor, DNA tests have revealed. Ancient skeletons have revealed that the arrival of population from
First two PPC orders for LNG approved for July
State-run Public Power Corp. (PPC) is ready to place its first-ever orders for liquefied natural gas (LNG) over the summer from the Revythoussa isle terminal off Piraeus, a move aimed to reduce power generation costs.
Bill protecting unlicensed buildings on beaches revised
A controversial draft bill that has been widely criticized as giving the green light to illegal construction on the country’s coasts has been revised by the government and resubmitted to Parliament. The bill that was
Two Germans sentenced for taking down the Greek Flag and raising a German flag on Crete
Two 23-year old German nationals were sentenced by a court in Chania, Crete on Monday for taking down the Greek flag down from a flagpole and raising the German flag in its place. The incident
Turkey threatens to install S-400 near Greece and Cyprus
Despite warnings from the international community and particularly the United States, Turkey is determined to proceed with the purchase of the Russian missiles defense system S-400. And not only that. Ankara is threatening its neighbour
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
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.
Will Turkey attack NATO with American ships?
President Joe Biden pushed through his sale of F-16s and upgrade kits to Turkey on the logic that the deal was necessary to get Turkey’s President Recep Tayyip Erdogan to drop his objection to Sweden
