RBA holds firm: No cuts until job market softens further
Reserve Bank of Australia Governor Michele Bullock has reinforced the bank’s cautious stance on interest rate cuts, stating that further evidence of a weakening labour market is needed before any monetary easing. Speaking at the
Plans to tighten character test put tens of thousands of migrants at risk of deportation
Tens of thousands of migrants could have their visa cancelled under proposed laws to tighten the character test. A government proposal to tighten the character test will make it easier to deport tens of thousands
Liberal MP breaks ranks to call for increase to Newstart
Liberal senator Dean Smith has broken ranks with the federal government to call for an increase to the Newstart payment. WA Senator Dean Smith has become the first Liberal MP to publicly back an increase
Aged care homes spending as little as $7 a day on residents food
Some aged care homes spend as little as $7 a day on food for each resident, a royal commission has been told. Celebrity chef Maggie Beer says that sort of budget is inadequate to prepare
Vic wants federal funds to remove cladding
The Commonwealth is being asked to stump up $300 million to help remove dangerous cladding from hundreds of buildings across Victoria. The state Labor government is establishing a $600 million fund, to be overseen by
Asylum seeker tries to set himself on fire at Melbourne detention facility
Another incident of self-harm has occurred in an Australian detention centre. An asylum seeker detained in the Melbourne Immigration Transit Accommodation facility has been taken to hospital after trying to set himself on fire, according
Mitsotakis: Greece will not discuss sovereignty with Turkey – “Twitter diplomacy is easy”
Greek Prime Minister Kyriakos Mitsotakis firmly ruled out any negotiations with Turkey on matters of national sovereignty, in a televised interview with SKAI anchor Sia Kossioni on Tuesday evening. “Greece does not discuss issues of sovereignty. We will never accept the theory of ‘grey zones’, nor will we allow Turkey
Greece’s wildfires trigger widespread evacuations and warnings
Tourists traveling to Greece have been warned of extreme weather and wildfires as thousands of people were evacuated from areas near Athens. On Sunday, residents were forced to flee their homes as a fast-moving wildfire,
Turkey and Turkish Cypriots “Torpedo” Cyprus Talks
The leader of the Turkish Cypriot entity, Ersin Tatar, is systematically “torpedoing” UN efforts to restart negotiations aimed at resolving the Cyprus issue. Meanwhile, the Turkish government, with President Recep Tayyip Erdogan at the forefront,
Diplomatic sources: Serious doubts about the integrity of elections in Himara
Greek diplomatic sources have called on Tirana to address allegations concerning the integrity of the electoral process in Himara. “Allegations made by members of the Greek ethnic minority in Albania regarding the conditions under which
The resignation of Greece’s foreign Minister Gerapetritis is being demanded in Cyprus
Outraged with his statements of ” generosity” that shows national inferiority have resulted in calls for the resignation of Greece’s foreign Minister Gerapetritis is being demanded in Cyprus! There have been many adverse reactions mainly-
The impending conflict between NATO allies: Greece and Turkey
The relations between Turkey and Greece have never been normal. The legacy of Mongol Turkish conquest of Greece in the fifteenth-century poisons all connections between Turks and Greeks. The Greeks remember their Turkish oppressors like
SOS for Israeli targets in Greece
Alert from Foreign Intelligence Services to Greek Authorities Foreign intelligence services have reportedly issued a warning to Greek authorities about a potential attempt to target Israeli interests in Greece. The National Intelligence Service (EYP) and
Orban raises prospectof EU exit, citing Brussels’ authoritarian drift
Hungarian Prime Minister Viktor Orban has once again raised the prospect of a Hungarian exit from the European Union, suggesting that the bloc’s authoritarian evolution may soon outweigh the benefits of membership. Speaking in an interview with the far-right platform Ultrahang, Orban said that Hungary’s EU membership “still makes sense
Japan did not invite Israel to the U.S. nuclear bombing commemoration
The mayor of Nagasaki, not only dismissed the invitation of the ambassador of Israel but invited the ambassador of Palestine instead. The well-known professional democrats from the G7 and EU threatened him and in the
Megaquake warning issued for Nankai Trough in Japan
A powerful earthquake struck off Japan’s southern coast on Thursday, causing minor injuries and prompting concerns about future major quakes, particularly from the Nankai Trough. The quake, which registered a magnitude of 7.1, was centered
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?
