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
Qantas sticks to international travel plan despite COVID vaccine delay
Despite the majority of Australians unlikely to be vaccinated against COVID-19 until next year, Qantas is holding firm on their plan to fly overseas by October 31. Australia had been aiming to open its international
Wild winds to smash popular camp spots in final days of school holidays
The final days of school holidays will be wild and windswept, with these popular tourist spots set to cop a battering. Popular holiday spots are among the locations bracing for wild wind, with the Bureau
Greg Hunt plays down impact of NZ case on travel bubble
The Health Minister has responded to a COVID-19 case in New Zealand and its potential impact on the trans-Tasman travel bubble. The trans-Tasman travel bubble will not be derailed despite New Zealand suffering a COVID-19
The coming Greater Depression of the 2020s
While there is never a good time for a pandemic, the COVID-19 crisis has arrived at a particularly bad moment for the global economy. The world has long been drifting into a perfect storm of
Australia’s post-war recovery program provides a direction as to how to get out of this
As the Covid-19 pandemic spreads around the world, wartime metaphors abound. And, with what amounts to a war economy now in place, attention has inevitably turned to post-war reconstruction. It is self-evident that, without any
CORONOAVIRUS CLOSURES: Everything that will shut from midnight tonight
Australians will face even tighter restrictions on daily life as the country grapples with the an upturn (that will peak sometime inn April or May) in coronavirus cases. An expanded list of businesses will be
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
Albanian Police kill Greek who raised Greece’s flag in Northern Epirus
A 35-year-old Greek, named Konstantinos Katsifas, was shot dead by the Albanian special forces near the village Bularat (Vouliarates) in Albania’s northern Epirus region, 6 kilometers (4 miles) from the Greek-Albanian border. According to Albania’s
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
