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
Libya’s parliament moves to ratify Turkey-Libya Maritime Agreement despite Greek objections
The Libyan House of Representatives is set to proceed with the ratification of the controversial Turkey-Libya memorandum on the delimitation of maritime zones, despite strong opposition from Greece and other Mediterranean countries. According to reports,
Athens fires back at Ankara over East Med dispute: “Turkey cannot lecture others on International Law”
Greece has issued a stern diplomatic response to fresh accusations from Turkey regarding its stance on the controversial Turkey-Libya maritime agreement. The Greek Foreign Ministry, through diplomatic sources, denounced Turkey’s latest comments as “incompatible with
Mitsotakis pushes for EU action on Libya migration route and defence funding
Greek Prime Minister Kyriakos Mitsotakis, speaking after the conclusion of the EU Summit, called for urgent action to address a new irregular migration route emerging from Eastern Libya to Crete. “We will use every means
Karamanlis Inquiry: Fast-tracked parliamentary probe sparks political backlash
The Hellenic Parliament’s special inquiry committee into former Transport Minister Kostas Karamanlis opened its first session today under accusations of political orchestration, as the government appears determined to fast-track the process surrounding the deadly Tempi
Wildfire disaster in Chios: Tens of thousands of acres burned as blaze continues to rage
Chios is currently experiencing one of the most severe environmental disasters in recent Greek history. For the third consecutive day, an uncontrollable wildfire has scorched vast swathes of the island, with more than 30,000 hectares
Tensions flare with Libya over offshore licensing south of Crete
An unexpected complication has emerged ahead of Greek Foreign Minister George Gerapetritis’ planned visit to Libya, where he was due to hold meetings in both Tripoli and Benghazi. Tensions flare with Libya over offshore licensing
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,
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.
Will Turkey attack NATO with American ships?
President Joe Biden pushed through his sale of F-16s and upgrade kits to Turkey on the logic that the deal was necessary to get Turkey’s President Recep Tayyip Erdogan to drop his objection to Sweden
Australia’s preeminent strategic thinkers: The era of Anglo-Saxon dominance in the Pacific is ending
This might be the most compelling and influential argument against AUKUS, particularly because it comes from one of Australia’s foremost strategic thinkers: Hugh White, the inaugural Director of the Australian Strategic Policy Institute (ASPI) and
