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
No paperwork, increasing rent: Sydney landlords exploiting international students
International students are being exploited by landlords in Sydney’s tight housing market, a new report has found. International students in Sydney are falling victim to financial exploitation by dodgy landlords, who are overcharging on bonds,
Record number of Aussies rush to file tax returns
A record number of Australians have lodged their tax returns in the hope of getting their hands on a hefty refund. About 650,000 people have already filed their tax returns, with this year’s early rush
Better Managing Australia’s future population growth
Key elements of the Morrison Government’s plan to better manage Australia’s future population have come into effect today. Launched in March this year, the Population Plan has four broad components: Easing the population pressures
60,000 tons of donation waste going to landfill
Australian charities are contributing to a large chunk of landfill pollution in the country because of donations that can’t be used. Things like soiled clothing, mattresses and old electrical appliances are being donated to stores
Killer flu season sees record numbers of cases and deaths – and it’s only just beginning
A killer flu season has seen almost as many people diagnosed with the virus so far this year as there were in the whole of 2018. Health bosses today issued renewed calls for people to
Election campaign: Morrison, Shorten pledge transport funds
Prime Minister Scott Morrison is promising to spend $4 billion on Melbourne’s shelved East West Link road project, even though the state Labor Government has ruled out its construction. • A Coalition government would fund a
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
EU Defence Agency apologizes for controversial Cyprus report amid political backlash
The European Defence Agency (EDA) has issued a formal apology following the publication of a report conducted jointly with the European Commission’s Joint Research Centre (JRC), which sparked widespread criticism for its references to the
The inner circle around Alexis Tsipras: key collaborators shaping his next moves
With Alexis Tsipras stepping down from Parliament and preparing for his forthcoming book on his government’s record, attention has turned to the core team of collaborators surrounding the former prime minister. Their influence will likely
Tomb of the Unknown Soldier belongs to all Greeks – must be kept out of daily political tug-of-war
Greece’s Minister of State, Akis Skertsos, has praised the Prime Minister’s recent decision to assign the Ministry of National Defense exclusive responsibility for protecting the Tomb of the Unknown Soldier, emphasizing the monument’s national and
Greece and Cyprus invited to Trump’s international summit on Gaza
Greece and Cyprus are among the nations invited by U.S. President Donald Trump to the new international conference on Gaza, set to take place on Monday in Sharm El-Sheikh, Egypt. The summit is expected to
KKE to honour political prisoners with memorial event on Gyaros island
The Central Committee of the Communist Party of Greece (KKE) will hold a commemorative event and pilgrimage this Saturday, October 11, on Gyaros Island — a place of exile and suffering for thousands of resistance
Farmers demand payment schedule as minister Tsiaras promises payouts “in the coming days”
Tensions are rising among farmers in Thessaly as Agriculture and Food Minister Kostas Tsiaras announced that payments to producers will begin “in the coming period,” following a lengthy three-hour meeting in Larissa with agricultural representatives,
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
Japan did not invite Israel to the U.S. nuclear bombing commemoration
The mayor of Nagasaki, not only dismissed the invitation of the ambassador of Israel but invited the ambassador of Palestine instead. The well-known professional democrats from the G7 and EU threatened him and in the
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?
