A top doctor has ripped into Australia’s handling of the Covid pandemic, accusing the government of spreading “misinformation” and putting people at risk. Dr Kerryn Phelps accused the government of fuelling mistrust of health authorities while overselling the “safety and efficacy” of vaccines, and ignoring those suffering serious adverse eventsContinue Reading
Liberal backbencher Bridget Archer has split with her party and its leader Peter Dutton over the Coalition’s plan to scrap Labor’s 2030 emissions reduction target. On Saturday, Mr Dutton revealed the Coalition would abandon the Albanese government’s legally binding commitment to reduce greenhouse gas emissions to 43 per cent belowContinue Reading
Australia’s GDP growth was brought to a near-standstill in the first three months of 2024, as crunched household budgets, squeezed corporate profits and weakened terms of trade weighed on the economy. In real terms, Australia’s gross domestic product expanded by just 0.1 per cent in the March quarter, cutting annualContinue Reading
There is “still strength” in the price pressures across the Australian economy, the Reserve Bank’s chief economist Sarah Hunter has cautioned, after hotter-than-expected inflation figures prompted traders to slash their rate cut bets until the end of 2025. Annual headline inflation accelerated to 3.6 per cent in the 12 monthsContinue Reading
Aussies are being urged to stop splashing cash on “Netflix, flat-whites, movies and eating out” to trigger a “DIY recession” that will save us from years of pain. The extraordinary call from Rand Low, an Associate Professor of Quantitative Finance at Bond University, comes amid resurgent inflation in Australia, warningsContinue Reading
Interest rates risk going higher still, economists have warned, as stubborn inflationary pressures, rebounding economic growth, and continued tightness in the jobs market could force the Reserve Bank to inflict further pain on household borrowers. While the majority of economists still expect the RBA’s next move will be a cut,Continue Reading
South Australia’s economy has once again been declared the best performing in the country as it topped four of eight key indicators in a new report comparing the states. The numbers are contained in the CommSec State of the States economic performance report which saw South Australia emerge ahead ofContinue Reading
A second surplus is within reach but Jim Chalmers says it’s unlikely he will radically switch gears and hand down a big-spending budget. The Treasurer has indicated he intends to take a same but different approach to the upcoming budget with a focus that goes beyond fighting inflation. Australia’s annualContinue Reading
Airbnb customers shelling out big bucks on accommodation for Taylor Swift’s concerts in Australia say their bookings have been cancelled days before her run of shows – only for the same lodgings to be relisted at much higher prices. The fans claim they’ve now been hung out to dry, andContinue Reading
There are thousands of planes in the air at the moment but there is one crossing Hawaii that has become the globe’s most-tracked flight with almost 1500 people watching its trek across the Pacific. Flight VJT993 from Honolulu is carrying the global pop-culture phenomenon Taylor Swift, who is scheduled toContinue Reading