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
Lending for new homes remains at 20 year lows
“Despite a rise in the number of loans for the construction and purchase of new homes in September, they remain around their lowest levels for the past two decades,” stated Tom Devitt, Housing Industry Association
Extreme weather is leading to more injury hospitalisations, with heat being the main cause
The number of hospital admissions for injuries associated with extreme weather – such as heatwaves, bushfires and storms – has increased over the past decade, according to a new report by the Australian Institute of
Victorian Premier Dan Andrews resigns
Premier Andrews has resigned abruptly, stepping down from his role effective 5 pm Wednesday. Having recently surpassed John Cain Jr. as the longest-serving Labor Premier in Victoria’s history in April 2023, Andrews’ decision was celebrated
America’s “unique” relationship with Australia?
The enthusiasm of the members of Albanese’s staff seems to have run away with them. They declared that ‘the Australian-United States relationship is unique in scale, scope and significance reflecting more than 100 years of
A rethink of Australia’s national security
Sam Roggeveen’s basic storyline in The Echidna Strategy – that the China threat is grossly exaggerated, and that Australia should not, and need not, rely on America for our security protection – is causing predictable
Are earthquakes becoming more common in Melbourne?
Approximately 7,000 Victorians were alarmed by tremors at about 1:32am this morning as a magnitude 4.6 earthquake hit 127km east of Melbourne, near Rawson. Victoria has been hit by several quakes recently, including three in
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
Two Greek beaches on another global ‘Top 50 list’
Two Greek beaches are included in the “Top 50” issued by the Big 7 Travel website, namely, Elafonissos on Crete, where rare and protected “pink sands” are found, and jet-setting Mykonos’ more secluded Psarou. The
“Apodixi please”: Greece’s campaign to inform tourists about tax evasion
The Greek authorities launched recently the campaign dubbed ”Apodixi, Please”, meaning ”Receipt, Please”, in order to inform tourists on how to ask for a receipt from business owners, in order to reduce tax evasion in
Solidarity
From the first moment the government requested European assistance with the dispatch of eight Canadair aircraft. The manner in which the Greek government handled the great fire in Evia demonstrated the significance of coordination, preparedness,
Mystery as rare Ancient Greek chamber tombs unearthed with 14 skeletons inside
ARCHAEOLOGISTS have discovered two large chamber tombs dated to around 1300 BC in an important Mycenaean Greece-era burial ground. The discovery is so rare because the tombs are completely intact and offer new insights into
Ancient Tombs unearthed in Nemea, Greece shed light on Mycenaean Civilization
An ancient, unlooted chamber tombs dating from the Late Mycenaean period, (1400 – 1200 BC), near Nemea in the Peloponnesian Peninsula. The newly-found tombs at the Aidonia burial site include five full burials and the
Three Greek Students Sweep Medals at 26th International Mathematics Competition
Three Greek university students swept the medals, winning one gold and two silver, in this year’s International Mathematics Competition (IMC), which took place in Blagoevgrad, Bulgaria between July 28 and August 3. The team from
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
The impending surge of Marine Le Pen in France
Examining the momentum behind Le Pen’s National Rally Marine Le Pen and her National Rally movement have emerged as the leading force in the European elections this year and appear poised to also secure victory
Which is the best city in the world to live in?
How do you measure the sustainability of a country? The Economist Intelligence Unit (EIU) has come up with a formula to help companies calculate the level of difficulty in different cities when relocating their staff.
The 10 cities with the world’s highest fines for offending drivers
Today, traffic offences are commonplace in the world’s major cities, but the penalties imposed vary greatly from city to city. Some cities are stricter than others, and offending drivers can expect to pay hefty fines
Democrats are in a quandary after Biden’s debate fiasco
US President Joe Biden’s appearance in the debate with former US President Donald Trump can only be described as disastrous. Democrats are in a quandary after Biden’s debate fiasco where it was obvious that he
Bolivian coup fails amid suspicion of foreign interference
Riot police closely monitored government buildings the day after army chief Zuniga deployed troops and tanks to the center of the capital. Bolivian coup fails amid suspicion of foreign interference in a coup attempt that
26 June – International Day against drug use and illicit trafficking
Message from Antonio Guterres, United Nations Secretary-General “The focus should be on rehabilitation rather than punishment and imprisonment for minor drug offences”. Tens of millions of people suffer from a substance use disorder. Less than
