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
Australia’s unemployment rate falls sharply as economy adds 116,000 jobs
Australia’s unemployment rate has fallen sharply as the economy created 116,000 new jobs in February, according to the Australian Bureau of Statistics (ABS). This led to a sharp fall in the unemployment rate from 4.1%
Economic crisis in Australia: Millions of Australians have less than $1000 in savings
A recent Finder survey has highlighted a worrying problem in Australian society: almost half of Australians have less than $1000 in savings. This equates to 9.4 million people, with the average amount available to save
Rescue in Melbourne: students rescued from burning boat
Dozens of students were rescued from a burning boat in Melbourne’s Port Phillip Bay this morning. The serious situation forced the boat’s crew to call for help and spring into action to save the occupants.
Record number of migrants in January
The influx of migrants to Australia hit a record number in January, despite the Albanese government’s plan to slow the wave of new arrivals, leading to what legendary businessman Dick Smith called a “disaster for
RBA keeps cash rate at 4.35%
The cash rate will remain at 4.35% following the Reserve Bank of Australia’s (RBA) March monetary policy meeting. The decision was largely expected, as the latest Australian Bureau of Statistics data showed annual trimmed mean
$216 Billion: The cost of Victoria’s Suburban Rail Loop
The cost of building and operating the Allan Government’s new underground rail loop through Melbourne’s city centre, which will take five decades to build, has soared to $216 billion, according to an independent study. Estimates
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
Ruling ND still in ‘honeymoon period’, latest poll shows; 13.5%-point lead over main opposition SYRIZA
Ruling New Democracy (ND) continues what is apparently a “honeymoon period” after the July 7 election, with one of the first opinion polls of the new autumn season showing the center-right party with a 13.5-percentage
Chemotherapy treatment “postponed” in big Athens hospital due to lack of funds
Cancer patients undergoing chemotherapy in Attiko Hospital in Athens were shocked to be informed that their treatment is postponed on indefinite time. The patients were informed by phone last Thursday. Hospital workers’ President and doctor
Parthenon Marbles: Tough words by the Greek President to British Museum
Tough words by the Greek President, Prokopis Pavlopoulos, towards the British Museum on the thorny issue of the Parthenon Marbles. “The British Museum’s obsession is tantamount to supporting Elgin’s cultural grave robbing and theft. And,
Police cracks down gang bringing weapons, ammunition from Albania to Crete
Greek police as cracked down a criminal gang that was bringing Kalasnikov weapons and ammunition from Albania to the island of Crete. A big scale operation conducted by the Police Departments of Chania, Crete, and
Large percentage of Greek High School students graduate lacking essential life skills
Many Greek high schools students graduate practically illiterate in regards to basic life skills, much less skills that would place them in the job market, according to a new report by the Authority for Quality Assurance
Tsipras: “We made mistakes but we took the country forwards”
“We are still here, after four-and-a-half years of struggle, the struggle to keep Greece standing upright,” is how main opposition party SYRIZA leader Alexis Tsipras started his speech at the 84th Thessaloniki International Fair on
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
Saudi Crown Prince Mohammed bin Salman pledges $1 trillion investment to Trump, open to recognizing Israel
Saudi Arabia’s de facto ruler and Crown Prince, Mohammed bin Salman, met with U.S. President Donald Trump at the White House on Tuesday, promising investments worth $1 trillion in the United States. The unprecedented pledge
Hamas rejects UN Security Council approval of Trump plan for Gaza Force
The Palestinian Islamist group Hamas has rejected a United Nations Security Council decision endorsing a plan by former U.S. President Donald Trump, arguing that it violates Palestinian rights and imposes international trusteeship over the Gaza
Netanyahu condemns West Bank settler violence: “A handful of extremists do not represent us”
Israeli Prime Minister Benjamin Netanyahu has strongly condemned recent violence carried out by a “handful of extremists” among settlers in the occupied West Bank, stressing that they do not represent the broader settler community. The
Greece’s early loan repayment brings unexpected benefit to France, says Le Monde
Greece’s decision to repay early a €1.1 billion loan to France has been described as an “unexpected benefit” for French public finances, according to the French newspaper Le Monde. The loan, originally contracted in the
Europe on high alert: Poland enters pre-war phase as Germany warns of potential conflict with Russia
Europe faces rising tensions as senior military and political officials warn of the increasing likelihood of conflict with Russia. After Germany’s stark warning last week, Poland has now declared a state of heightened alert. Polish
Albanese issues ultimatum to Turkey over hosting COP31 Climate Talks
Prime Minister Anthony Albanese has drawn a firm line in ongoing negotiations with Turkey over the hosting of next year’s United Nations Climate Change Conference (COP31), ruling out any possibility of co-hosting the event. Speaking
