3 Interest Rate cuts spark biggest Home Loan rush since the Pandemic
Australia’s housing market is experiencing an unprecedented surge in home loan applications, driven by three consecutive interest rate cuts in 2025 that have significantly boosted buyers’ borrowing power. According to recent data from Commonwealth Bank
Australia considers new Road Usage Tax as part of broader fiscal reform
The Australian federal government is considering introducing a new road usage tax, as part of broader tax reform and the transition to new mobility trends. The proposal emerged following a three-day productivity forum in Canberra,
New report shows Australians embracing AI in the workplace
Australian workers are optimistic about artificial intelligence adoption and the impact it will have in the workplace, with a new report from the Tech Council of Australia (TCA) finding most workers believe technology has improved
Australia-Israel diplomatic standoff: Visa revocations for Australian representatives to Palestine
An unprecedented diplomatic confrontation has erupted between Australia and Israel following the Australian government’s decision to recognise the Palestinian state. This move triggered a series of retaliatory actions, with the Israeli government revoking visas for
Covid-19 linked to accelerated blood vessel ageing, Australian patients included in major global study
A major international study involving Australian participants has revealed that Covid-19 may accelerate the ageing of blood vessels, particularly in women, raising fresh concerns about the long-term cardiovascular risks of the virus. The research, published
Australian meth, cocaine, MDMA, and heroin use jumps 34% in one year
Australians consumed 34 per cent more methamphetamine, cocaine, heroin, and MDMA in 2024 compared to the previous year, according to the latest National Wastewater Drug Monitoring Program. The survey found that 22.2 tonnes of these
Nationwide ban on abusive childcare workers could take a year, Attorney-General warns
Attorney-General Michelle Rowland has admitted that urgent measures to close loopholes in Australia’s childcare system, which are being exploited by child abusers, may take up to 12 months to implement. Speaking ahead of a meeting
Sokratis Famellos calls for joint action of progressive parties on Gaza
In a move to coordinate and strengthen Greece’s diplomatic stance amid the crisis in Gaza, Sokratis Famellos, leader of SYRIZA–Progressive Alliance, reached out today to the heads of progressive opposition parties. His goal is to promote unified positions toward the government, urging Greece to take initiatives to halt the invasion of
Greece to push for action on protecting cultural heritage at UN climate summit
Greece will present a proposal for coordinated action to protect cultural and natural heritage from the impact of climate change on Monday at the UN Climate Action Summit, taking place in New York City. Greek
Council of State rules “religion courses in schools only for Greek-Orthodox students”
`The Council of State ruled on Friday that religion courses in primary and secondary education schools are exclusively “Greek-Orthodox.” The ruling cancels the previous content of religious books as it was decided by SYRIZA Education
Plan to tax Airbnb, short-term rentals underway
The tourism ministry is considering imposing a tax on short-term rentals such as Airbnb on the grounds that it would establish equal treatment with hotel accommodations. As the daily Ta Nea has reported, sources say
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,
Ukraine thriller continues – Trump: “In two weeks we’ll know if peace is possible”
The war in Ukraine, now over three and a half years ongoing, remains at a critical juncture. Former U.S. President Donald Trump continues diplomatic efforts to arrange a summit between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky in an attempt to achieve peace, though significant obstacles persist. Tonight,
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?
Japan’s Nikkei is down 12%, the largest drop ever
Japan’s Nikkei is down 12%, the largest point ever, as fears of a US recession shook global markets. The Topix index erased its yearly gains, experiencing its steepest sell-off since “Black Monday” in October 1987.
