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
UN to post EEZ maps of Libya, Turkey deal
Athens is bracing for the United Nations’ Division for Ocean Affairs and the Law of the Sea to post the geographical coordinates outlined in the maritime border agreement signed by Turkey and the Tripoli-based government
Thessaloniki’s Diocese ordinates the city’s first Ugandan Deacon
Father George (Georgios) was ordained a Deacon by Thessaloniki’s bishop Anthimos recently, the first Ugandan Deacon in the known history of the city’s Diocese. Father George came from the African state of Uganda and went
Greece – the clearance sale of military bases to the United States
The United States have profited cleverly from Greece’s financial problems in order to force them to sign a contract which would enable the USA to block the ocean passage from the Black Sea to Russia.
Two Greek nationals to be evacuated from quarantined “Diamond Princess” cruise ship
Greece’s Health Minister Vassilis Kikilias said on Sunday that Greece will soon evacuate the two Greek nationals who are on board of the ”Diamond Princess” cruise ship, which has been quarantined by the Japanese authorities
Meet the young greek scientist to become the first Greek Astronaut
A young scientist who is currently attending a space simulation facility at Hawaii’s Mauna Loa volcano spoke of his dream to become the first Greek astronaut. Avgoustos Pantazidis takes great pride from the fact that
30 Ancient ‘curse tablets’ discovered in excavated well, in Athens’ Kerameikos site
Thirty ancient Greek tablets, featuring curses in the form of invocations to the gods of the underworld, dated some 2,500 years ago, were recently discovered at the bottom of a well in the Kerameikos archaeological
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
US Urges ‘Calm’ between India-Pakistan Conflict
International powers this week anxiously urged India and Pakistan to avoid further escalation of military confrontation. Given the two nations have gone to war on three occasions during the past seven decades and are both
Venezuela orders PDVSA to relocate to Moscow; Putin affirms support to Maduro
President Nicolas Maduro instructed the Lisbon branch of PDVSA to relocate to Moscow A top Venezuelan official has announced that President Nicolas Maduro has ordered national oil and gas company PDVSA to close its current
The CIA is using Turkey to pressure China
While Turkey has fostered economic links with China in order to solve its economic crisis, it has also publicly denounced the repression of the Uyghurs, basing its accusations on false information. Beijing sent a very
Turkish occupying troops advance positions in Cyprus
The Cypriot government announced on Friday that it is working in cooperation with the UN peacekeeping force to resolve tensions following an advance of the Turkish army inside Cyprus. Cyprus State radio (CyBC) said the
Greece blasts BBC for report on non existant “Oppressed Macedonian Minority”
Greece’s Ambassador to the UK, Dimitris Karamitsos-Tziras, send a letter of complaint to the BBC on Monday, following a report which spoke of the existence of a “Macedonian minority” in the country. Karamitsos-Tziras said the
Saker interview with Michael Hudson on Venezuela
There is a great deal of controversy about the true shape of the Venezuelan economy and whether Hugo Chavez’ and Nicholas Maduro’s reform and policies were crucial for the people of Venezuela or whether they
