IMF warns: Australia heading towards inflation crisis
The International Monetary Fund (IMF) has warned that Australia is on track to record one of the highest inflation rates among developed economies. In its latest World Economic Outlook, the global lender said economies worldwide
Coalition chaos deepens as Jane Hume attacks Sussan Ley amid polling collapse and leadership unrest
The federal Coalition has plunged deeper into crisis as dumped frontbencher Jane Hume delivered a blistering assessment of Opposition Leader Sussan Ley, declaring the party was “running out of time” as catastrophic polling and internal
Property investors warned of six-figure tax hit as government flags capital gains tax discount changes
Australian property investors are bracing for a potential overhaul of the capital gains tax (CGT) discount, after Treasurer Jim Chalmers again signalled the government is considering “next steps” on tax reform — a move that
Capital Gains Tax discount reform under consideration
Speculation is intensifying that one of Australia’s most controversial tax concessions, the capital gains tax (CGT) discount, may undergo significant reform as a central feature of this year’s federal budget. Senior government ministers have stopped
RBA rate decision: What it means for households, the housing market and the Aussie dollar
The RBA has raised the official cash rate by 25 basis points to 3.85 per cent, up from 3.60 per cent. The Reserve Bank of Australia has raised the official cash rate, delivering its first
Boy swims for hours to save family after being swept out to sea
Boy swims for hours to save family after being swept out to sea has been hailed as a hero after completing an extraordinary open-water swim to raise the alarm when his family was blown far
Nationals heavyweight rules out leadership tilt as Littleproud faces challenge
A senior figure within the Nationals has ruled out mounting a leadership challenge against David Littleproud, as internal pressure continues to build on the party leader ahead of parliament’s return. Nationals senator Matt Canavan has
Turkey cries foul as Greece boosts Aegean firepower
Greece has taken a significant step forward with its new defence agreement with Israel. The government in Athens has decided to strengthen its arsenal by acquiring PULS multiple-launch rocket systems, with a range of between 35 and 300 kilometres. Following approval by the Greek Parliament, the agreement was signed and
History responds: 145,000 Greeks fill the cinemas
In just four days, 145,000 tickets were sold in Greek cinemas — an achievement that goes well beyond commercial success and firmly into the realm of a cultural moment. History responds: 145,000 Greeks fill the
Greek rapper Negros Tou Moria cracks Guardian’s top two Global Albums of 2025
Greek rapper Negros Tou Moria has emerged as one of the standout figures in global music this year, with his latest album Mavri Ellada ranked No. 2 on The Guardian’s Best Global Albums of 2025
Holiday traffic normalizes after Tuesday’s gridlock
After yesterday’s disruptions, traffic on the Athens–Lamia and Athens–Corinth highways is expected to return to normal today, Wednesday, as farmers and traffic police coordinated to improve vehicle flow ahead of Christmas. On Tuesday, drivers faced
Mitsotakis meets Abbas in Ramallah: Greece supports peace in Gaza
Greek Prime Minister Kyriakos Mitsotakis met with Palestinian Authority President Mahmoud Abbas on Monday in Ramallah, ahead of his visit to Jerusalem and participation in the Greece–Cyprus–Israel trilateral summit. Support for the Palestinian Authority and
Trilateral Summit sends clear message to Ankara: “Do not even think of reviving empires”
A strong geopolitical message was sent from Jerusalem on Monday following the completion of the 10th Trilateral Summit between Greece, Cyprus, and Israel, as Prime Minister Benjamin Netanyahu issued a pointed warning to those “who
PASOK intensifies internal debate over potential alliances – Geroulanos rules out ND, Kastanidis open to Tsipras dialogue
Intense discussions are underway within PASOK ahead of the party’s upcoming congress, as leaders debate the strategic direction and potential alliances. Former minister Pavlos Geroulanos has firmly rejected any possibility of a coalition with the
Orbán’s masterstroke leaves Brussels in checkmate
In a display of political manoeuvring so bold it borders on the theatrical, Viktor Orbán appeared to recognise early that the European Union, George Soros, Barack Obama and the wider globalist establishment were aligned against him. With little credible left-wing opposition remaining in Hungary — none surpassing the modest 5
US enters shutdown for first time since 2018: what it means and who is affected
The United States officially entered a government shutdown at midnight on Tuesday (2 p.m. Wednesday Melbourne time), after Republicans and Democrats failed to reach an agreement on federal spending. The shutdown is expected to place
China temporarily bans BHP iron ore exports, raising concerns in Australia
Prime Minister Albanese urges quick resolution to maintain smooth market operations. China has temporarily banned iron ore exports from BHP, Australia’s largest mining company, sparking concern in the Australian government. According to Bloomberg reports, the
Tragedy in the Philippines: At least 26 dead after 6.9-magnitude earthquake – Buildings collapse, dramatic footage emerges
A devastating 6.9-magnitude earthquake struck Cebu Island in the Philippines, leaving at least 26 people dead and 147 injured, according to local media. The quake, which hit late Tuesday night, caused widespread destruction, triggering landslides,
Countdown for Hamas: Trump’s ultimatum and pressure from Qatar, Egypt, and Turkey to accept Gaza Peace Plan
Global attention has turned once again to Gaza, as U.S. President Donald Trump unveiled a comprehensive 20-page peace plan aimed at halting the bloodshed — accompanied by a stern ultimatum. According to Axios and iefimerida.gr,
Anthony Albanese invites UAE retail giant LuLu to Australia
Australian Prime Minister Anthony Albanese has shown keen interest in the international retail chain LuLu Hypermarket, inviting Indian billionaire MA Yusuff Ali to consider expanding the company into Australia. The invitation came during the Prime
US gives green light to AUKUS ahead of Albanese’s visit to Washington
Australia’s largest-ever defence agreement, AUKUS, appears to have successfully passed a US government review, paving the way for its continuation ahead of Prime Minister Anthony Albanese’s visit to Washington next month. The review began in
