Australia’s productivity collapses to zero amid weak investment and population surge
Australia’s labour productivity has effectively stalled, with new analysis showing growth has collapsed to zero, placing the country near the bottom of advanced economies since the COVID-19 pandemic. According to an OECD assessment cited in
Moira Deeming referred to IBAC over alleged preselection bribe offer
Victorian Liberal MP Moira Deeming has been referred to the state’s anti-corruption body, IBAC, following explosive allegations she offered to withdraw bankruptcy proceedings against former Liberal leader John Pesutto in exchange for guaranteed preselection for
RBA rate cuts could add $141,000 to property prices by 2026
Australian home prices are poised to rise by as much as 12 per cent—equating to an extra $141,000 on the median house price in the capital cities—if the Reserve Bank of Australia cuts the cash rate
Costeen Hatzi sends heartfelt message to Nick Kyrgios after breakup
Influencer and entrepreneur Costeen Hatzi has opened up publicly for the first time since her high-profile breakup with Australian tennis star Nick Kyrgios, offering a message of kindness and reflection amid their split. Costeen Hatzi
Albanese demands ‘Respect’ in first post-election press conference
In his first press conference since winning re-election, Prime Minister Anthony Albanese projected a new, assertive tone, calling for “respect” from both the media and political peers, and signalling a shift in his leadership style.
Protect the Truth: How to identify false information in elections
Australia’s electoral system is one of the most reliable in the world, and every voter has a role to play in protecting it. You may encounter false or misleading information about the electoral process. It
Airport Rail Project Could Limit Services in Melbourne’s West
The operation of Melbourne’s new Airport Rail line is expected to impact services on existing western suburban rail lines through the $15 billion Metro Tunnel, newly released track diagrams reveal. The $10 billion Airport Rail
PULS missile system paves the way for Greece’s “Achilles Shield” as defence cooperation with Israel and UAE deepens
Greece is moving decisively to strengthen its military deterrence, following parliamentary approval for the acquisition of the Israeli-made PULS multiple rocket launcher system, a key component of the country’s planned multi-layered air and missile defence architecture known as the “Achilles Shield”. The Special Standing Committee on Armaments Programs of the
Greece replies to Zakharova’s provocative attack: Moscow aligns with Turkey and the Republic of Skopje against Greece
Russian Foreign Ministry spokesperson Maria Zakharova has once again adopted an openly anti-Greek tone, reviving Cold War-style rhetoric and backing Turkey and the Republic of Skopje [sic “North Macedonia”] in a direct challenge to Greece
Mitsotakis rejects Christodoulides’s joint EEZ plan fearing Turkey
To avoid potential tensions in the Aegean, the Greek government rejected President of Cyprus Nikos Christodoulides’s proposal to delimit a joint exclusive economic zone (EEZ) between the two states. Mitsotakis rejects Christodoulides’s joint EEZ plan
Mitsotakis to SEV: “A national duty to never relive the illusions and lies of the past”
Message of stability with veiled criticism of Tsipras – Bundesbank praises Greece’s reforms Greek Prime Minister Kyriakos Mitsotakis delivered a strong message on political stability and economic responsibility at the annual meeting of the Hellenic
Soufli: 13 Turkish nationals arrested with weapons – six remanded in custody
147 pistols and 190 magazines found – Defendants claim ignorance Greek authorities have released dramatic footage showing the arrest of 13 Turkish nationals near Soufli, Evros, after they illegally crossed into Greece carrying a large
Warm welcome for 27 Greek activists from Gaza Flotilla – Greta Thunberg among returnees
With emotional scenes and the victory sign raised high, 27 Greek activists who took part in the “Global Sumud Flotilla” to Gaza returned to Athens on Monday afternoon, following their detention by Israeli authorities. The
Political turmoil in SYRIZA: Alexis Tsipras resigns from parliament – “I’m not quitting political action”
The sudden resignation of former Prime Minister and historic SYRIZA leader Alexis Tsipras from Parliament has triggered strong political tremors and a new wave of realignments within the centre-left. In a public statement, Tsipras clarified
Robert Fico confronts Brussels, claiming EU has abandoned democracy
Slovak Prime Minister Robert Fico has crossed a line Brussels hoped no European leader would openly cross — and he has done so publicly. In a sweeping and highly confrontational statement, Fico accused the European Union of suppressing free speech, manipulating democratic processes, enforcing double standards on energy policy, and
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?
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.
