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
Budget Crisis & Housing Blow: Treasury pushes Chalmers to raise taxes, warns home target is out of reach
The Albanese government has been dealt a political headache after unredacted Treasury documents revealed that Treasurer Jim Chalmers has been advised to raise taxes to return the federal budget to a sustainable surplus—while being warned
Iron ore vs AUKUS: Albanese courts $120 billion China trade while walking US defence tightrope.
Prime Minister Anthony Albanese is continuing his six-day official visit to China, where Australia’s $120 billion iron ore trade is front and centre — but concerns over defence obligations to the US are never far
Canberra on alert: National summit to tackle surge in AI-generated child abuse
Australia is facing an alarming surge in child sexual abuse material generated using artificial intelligence — and this Thursday, the nation’s leading experts and officials will gather in Canberra for an emergency summit. The National
Australia backs ‘status quo’ amid US pressure on Taiwan
In a move that highlights the delicate balance of international relations, Australian Prime Minister Anthony Albanese has reiterated his government’s stance on Taiwan amidst increasing pressure from the United States. During a visit to Shanghai,
Albanese to raise “full range of issues” in high-stakes China trip
Australian Prime Minister Anthony Albanese is embarking on a politically delicate six-day mission to China, vowing to raise the “full range of issues” troubling the bilateral relationship. From the unjust jailing of Australian academic Dr.
Commonwealth Bank executive charged in shocking child exploitation aase
A senior Commonwealth Bank executive has been charged with child exploitation offences after allegedly attempting to lure two underage girls to a Brisbane hotel via a sex worker contact. Christopher McCann, 50, was arrested on
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
More than 300,000 ancient treasures unearthed during metro digging in Thessaloniki
Metro digging in Thessaloniki, Northern Greece, has unearthed an extraordinary treasure trove of more than 300,000 ancient artefacts, from gold wreaths and rings to statues of the goddess Aphrodite. The construction of a metro network
Ancient Greek migrants built the famous Stonehenge, DNA reveals
Britons who built the famous Stonehenge were product of ancient wave of migrant farmers, that is of Greeks from Asia Minor, DNA tests have revealed. Ancient skeletons have revealed that the arrival of population from
First two PPC orders for LNG approved for July
State-run Public Power Corp. (PPC) is ready to place its first-ever orders for liquefied natural gas (LNG) over the summer from the Revythoussa isle terminal off Piraeus, a move aimed to reduce power generation costs.
Bill protecting unlicensed buildings on beaches revised
A controversial draft bill that has been widely criticized as giving the green light to illegal construction on the country’s coasts has been revised by the government and resubmitted to Parliament. The bill that was
Two Germans sentenced for taking down the Greek Flag and raising a German flag on Crete
Two 23-year old German nationals were sentenced by a court in Chania, Crete on Monday for taking down the Greek flag down from a flagpole and raising the German flag in its place. The incident
Turkey threatens to install S-400 near Greece and Cyprus
Despite warnings from the international community and particularly the United States, Turkey is determined to proceed with the purchase of the Russian missiles defense system S-400. And not only that. Ankara is threatening its neighbour
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
Israel urges US to resume strikes on Houthis after attacks on Greek-operated ships
Tensions in the Red Sea are rising rapidly as Israel formally requested the United States resume military strikes on Iranian-backed Houthi rebels in Yemen, following a deadly escalation that saw two Greek-operated ships sunk. The
Internal chaos in Trump White House threatens future of AUKUS submarine deal
The AUKUS submarine deal is under renewed scrutiny amid reports of internal dysfunction within the Trump administration, described by insiders as “Game of Thrones politics.” While U.S. Secretary of State Marc Rubio has sought to
How Putin rebuilt Russia into a global power
Many wonder how the Russian economy manages to stay afloat under numerous sanctions, maintain low debt levels, and even outperform the West in certain production sectors. Following the collapse of the Soviet Union, Moscow—a once-great
Six Secret Service agents punished over Trump assassination attempt failures
Six U.S. Secret Service agents have been disciplined over serious security failures during the July 13, 2024, assassination attempt on Donald Trump at a campaign rally in Butler, Pennsylvania. The agents, whose identities were not
Orthodox mission in Fiji, faith beneath the southern cross
Before the sun lifts its golden veil over Vanua Levu, as the matangi—a soft morning breeze—stirs the banana trees and cassava leaves, a single flame flickers before an icon of Christ. In the stillness of
Australia may face higher AUKUS costs and pressure to join US-China conflict
Australia’s nuclear submarine deal under AUKUS could become more costly and politically fraught, as the US Department of Defence reviews the trilateral agreement under President Donald Trump’s “America First” agenda. A report from The Age
