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
Airports brace for busiest day of the year as Easter travel kicks off
Hundreds of thousands of people are expected to jam airport queues and crowd roads today ahead of the long Easter weekend. More than 200,000 people are expected to pass through Sydney and Melbourne airports in
Sally Capp to step down as Lord Mayor of Melbourne
Sally Capp has announced she will step down as Lord Mayor of Melbourne after six years in the role. Capp, who was elected in 2018, announced this morning “with mixed emotions” that she would not
Melbourne and Sydney record surge in population
Both Melbourne and Sydney have seen a surge in population growth, according to new data from the Australian Bureau of Statistics (ABS). The biggest increase was seen in Melbourne, which jumped by 167,500 people in
Inflation holds steady at 3.4 per cent
Inflation has held stable at 3.4 per cent for the third month in a row, according to figures from the Australian Bureau of Statistics. Inflation in the 12 months to February was driven by increases
One in 20 mortgage holders spend more than they earn, says new RBA report
A new Reserve Bank report reveals a worrying trend in Australia, with one in 20 mortgage holders spending more money than they earn. What’s more, tens of thousands of households are at risk of running
Easter trading hours 2024: What major stores will be opened on Good Friday and Easter Saturday, Sunday and Monday?
Easter is upon us again and that means a whole heap of confusion with stores across the country either open, shut or operating at different hours. To make things easier for you around the busy
EU–US backed power link shatters Turkey–Libya maritime claims
The Egypt–Greece 3 GW electricity interconnector has received a €9.56 million EU grant to support further studies and implementation. EU–US backed power link shatters Turkey–Libya maritime claims. The European Commission has approved the funding for additional preparatory work on the 3-gigawatt electricity link connecting the power systems of Greece and
Greek FM summons Turkey’s Ambassador over mass migrants’ arrivals
Foreign Minister Nikos Dendias summoned the Turkish ambassador to Athens in order to express Greece’s deep dissatisfaction over the increased influx of migrants from Turkey, that culminated with the unprecedented mass arrivals of more than
Major spike in number of illegal migrants, would-be asylum seekers landing in Lesvos last week
A significant spike in the number of small craft carrying third country nationals, mostly Afghans, to the eastern Aegean island of Lesvos (Mytilene) was recorded on Thursday, with no less than 13 flimsy inflatable vessels
Cosco-led Piraeus Port Authority submits revised master plan; worth 800 mln€
A revised master plan by the Cosco-managed Piraeus Port Authority was tabled on Friday for review by a shipping ministry ports committee in the coming period. The revised master plan, which according to the port
Mitsotakis to Observer: Athens will ask for loaning of Parthenon Marbles amid 2021 series of events
Greek Prime Minister Kyriakos Mitsotakis referred to the “loaning” of the Parthenon Marbles – 14 friezes or metopes – from the British Museum in London to Greece on the occasion of the 200th anniversary of
Greek state collects 1.138 bln€ with 26-week T-bills issue; yield at 0.15%
Demand for a new tranche of 26-week T-bills was slightly down on Wednesday, compared to similar issues over the past few months, with an auction of 875 million euros of paper attracting bids of 1.536
Teenager killed in horrific accident at Greek amusement park
A 14-year-old girl was killed on Friday at a horrific accident in an amusement park near the Greek sea-side city of Volos. The accident happened at the town of Almyros when the teenager fell from
EU–US backed power link shatters Turkey–Libya maritime claims
The Egypt–Greece 3 GW electricity interconnector has received a €9.56 million EU grant to support further studies and implementation. EU–US backed power link shatters Turkey–Libya maritime claims. The European Commission has approved the funding for additional preparatory work on the 3-gigawatt electricity link connecting the power systems of Greece and
Copenhagen: Greece emphasizes protection of Europe’s southern borders amid Russian threats
The informal EU Summit in Copenhagen, hosted by Danish Prime Minister Mette Frederiksen and chaired by European Council President António Costa, focused on strengthening European defense and supporting Ukraine in the face of ongoing Russian
Australian activists claim to have “outsmarted” Israeli military as aid flotilla nears Gaza
A group of Australian activists on board an aid flotilla bound for Gaza claim they have “outsmarted” Israeli forces and are still on course to reach the besieged Palestinian enclave. Australian filmmaker Juliet Lamont posted
Australia’s opposition demands strong support for BHP in China dispute
Australia’s opposition is urging the Albanese government to actively intervene as BHP faces a reported freeze on iron ore shipments to China following stalled price negotiations. Opposition finance spokesman James Paterson criticized the government’s “hands-off”
Zelensky warns of nuclear risk after Russian drone strike near Chernobyl causes power outage at decommissioned plant
Ukrainian President Volodymyr Zelensky has accused Russia of recklessly endangering global safety after a wave of drone strikes caused a three-hour power outage at the decommissioned Chernobyl nuclear facility, site of the world’s worst nuclear
Three Hamas members arrested in Germany
Planned terror attacks against Jewish institutions – weapons seized during raid German authorities have arrested three men suspected of being members of Hamas, accused of plotting terror attacks on Jewish and Israeli institutions across Germany.
EU leaders approve pan-European anti-drone shield
“Frozen” Russian assets to fund Ukraine’s defence – Strategic readiness by 2030 European Union leaders have agreed to create a pan-European anti-drone shield, aiming to protect the continent from Russia’s growing use of unmanned aerial
