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
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
Using Super for home deposits would inflate property prices by $75,000, study claims
A recent study suggests that a Coalition proposal allowing first-time homeowners to use their super for a house deposit could lead to a significant surge in prices, potentially raising property values by nearly $75,000 across
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
Tax breaks
During the years of the crisis Greek citizens shouldered a huge tax burden. Those who did not have the means to hide their incomes – salaried employees and pensioners – bore the bulk of the
Greece resumes migrants deportations to Turkey
Greece says it is restarting deportations of migrants to Turkey in an effort to deal with the increasing number of illegal crossings in recent weeks, the Associated Press reported on Friday. The number of migrants
France to briefly return Parthenon metope to Greece on occasion of 2021 events
France will reportedly loan a frieze from the Parthenon, displayed today at the Louvre, to Greece on the occasion of events and comme-morations in 2021, the 200th anniversary of the beginning of the Greek War
Samos: Tourists and locals evacuated as forest fire is ranging
A big forest fire is raging on the island of Samos and authorities have ordered the evacuation of two hotels as well residents of the area of Mesokampos near Pythagorio. The fire broke out in
Unaccompanied teen migrant accused of fatally stabbing compatriot at Lesvos ‘hotspot’
A minor from Afghanistan, reported as being roughly 15-years-old, was arrested at a “hotspot” on the eastern Aegean island of Lesvos (Mytilene) overnight after he allegedly fatally stabbed a compatriot, also identified as a teenager.
First corporate-business tax cut ‘fixed’, according to Greek PM Mitsotakis
Another highlight from Greek PM Kyriakos Mitsotakis’ wide-ranging interview to “Le Figaro” this week was an announcement that the first reduction in the corporate tax rate, from 28 to 24 percent, for 2019 profits has
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
Tony Abbott urges UK to use Australian-style migration measures
Former Australian PM calls UK migrant arrivals a ‘peaceful invasion’ Former Australian Prime Minister Tony Abbott has sparked controversy by suggesting that the United Kingdom should adopt stringent measures similar to those implemented in Australia
Seven Australians released from Israeli custody, deported to Jordan
Seven Australian activists who were detained by Israeli authorities after being intercepted aboard a Gaza-bound aid flotilla have been released and deported to Jordan. The activists, who had been in custody since October 2, reportedly
Denmark to ban social media for children under 15
New law to require parental approval from age 13 Denmark is set to ban social media use for minors under 15, Prime Minister Mette Frederiksen announced during the opening session of Parliament, in a move
New political deadlock for Macron – early elections loom on November 16
Elysée tells regional authorities to “prepare” as pressure mounts France is heading into another phase of political turmoil, with President Emmanuel Macron facing mounting pressure from both the opposition and the public — as well
End of passport stamps: EU launches new digital entry/exit system – what travellers need to know
From Sunday, October 12, third-country nationals travelling to Europe will encounter a new, fully digital border control system. The Entry/Exit System (EES) will replace traditional passport stamps with biometric registration, including fingerprints and facial recognition.
Hamas: “We seek guarantees from Trump for a final agreement” – Qatar and Turkey join negotiations
Hamas has demanded concrete guarantees from former and likely returning U.S. President Donald Trump before committing to a final ceasefire agreement that would mark the end of the war in Gaza. Speaking to Egypt’s Al-Qahera
