Since headline inflation peaked in December of last year, one of the driving forces behind inflationary pressures moderating has been the drop in fuel prices. After peaking in June last year, fuel prices have been placing varying degrees of downward pressure on this consumer price index (CPI/0 component ever since.Continue Reading
Anthony Albanese says he does not believe cost of living challenges will drive Australians to vote no at the upcoming referendum. The Prime Minister was keen to stress his government was focused on addressing Australians hip pocket pain while also campaigning for a Yes vote during a Thursday morning. ButContinue Reading
North Korea has enshrined its status as a nuclear power in its constitution, with leader Kim Jong-un calling for more modern atomic weapons to counter the threat from the United States. Despite international sanctions over its nuclear weapons programme, North Korea has conducted a record number of missile tests thisContinue Reading
The recent meeting by the US Federal Reserve has thrown an interest rate spanner into the works of global markets. Gone is the presumption of seamless rate cuts in 2024 to continue the ‘soft landing’ in the economy. In its place is a mantra of “higher for longer” for interestContinue Reading
Dramatic footage showing a large Russian-made plane veering off a runway and exploding into flames has emerged from Mali. Suspicions have been raised over whether the Il-76 aircraft has a connection to the Wagner mercenary group, which operates in parts of the war-torn nation. The incident took place just weeksContinue Reading
Time is running out for the US to avoid a partial government shutdown in five days, as right-wing House Republicans refuse to budge on demands for massive spending cuts, including ceasing aid for Ukraine. President Joe Biden has called on Republicans in Congress to “start doing the job America electedContinue Reading
A 10-storey high-rise building in NSW with a ground-floor pool, lift and balconies to every room is a little deceiving. You won’t find resort guests roaming the halls, just the Evans family. They have been living at Girvan Estate, Australia’s tallest private home, since acquiring it in 2012 from theContinue Reading
A key architect of the Uluru Statement has decried Warren Mundine’s claims that the Voice has declared war on modern Australia as “disappointing and inflammatory.” Megan Davis, a co-author of the Uluru Statement from the Heart, spoke out after Mr Mundine’s address to the National Press Club which heard himContinue Reading
Is the price of potatoes still burning a hole in your pocket? Are staples like bread and milk eating into your budget? Prepare to eat cake: relentless weather extremes worldwide threaten a basket load of basic foods. Turbulent rains and drought are hammering crops in many parts of the world.Continue Reading
Federal politics is currently debating the usefulness of nuclear power versus renewables. As usual, the debate is replete with hysteria and rubbery figures designed to evoke high emotion and partisanship over reason and good policy. The debate began when Energy Minster Chris Bowen released figures this week indicating that theContinue Reading