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
North Macedonia term “compulsory from next week” Greek Foreign Ministry says
North Macedonia, which is the new name of the Former Yugoslav Republic of Macedonia (FYROM), “will have to be used by every part” from next week, Greece’s Alternate Foreign Minister George Katrougalos said, speaking with
High rents force Mykonos’ businesses to shut down
The high prices owners demand from businessmen to pay for rent at Mykonos‘ highstreet of Matogianni, has led many businesses to shut down. Residents of the popular Greek island say that some owners ask for outrageously
The detestable trade in MPs, votes
The image of Parliament over the last days is absolutely disheartening and reflective of the political crisis that has beset the country. The representatives of the people, deserted and faceless, as the poet says, bargaining
Tsipra’s visit to Ankara: preparation of a painful compromise?
Recently there have been announcements by the Turkish National Security Council according to which not even a bird can fly in the Aegean and the South East. Mediterranean without Turkey’s approval. To defend Turkey’s interests,
Thessaloniki mayor vows to protect city’s Jewish heritage
Thessaloniki Mayor Yiannis Boutaris said Friday that Jewish monuments will be repaired, no matter how many times they are vandalized. “Even if they vandalize the monuments 100 times we will repair them 110 times,” said
Greece is the third largest investor in the FYROM
Greek companies have invested 473 million euros over two decades in the Former Yugoslav Republic of Macedonia (FYROM), according to data released by Skopje’s National Bank. This makes Greece the third largest investor in FYROM
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
