Blogotariat

The EU is doing everything in its power to undermine the upcoming summit between Russian President Vladimir Putin and his US counterpart, Donald Trump, the Russian Foreign Ministry has said. 

Ministry spokeswoman Maria Zakharova told TASS on Monday that the bloc is carrying out “active subversive actions” ahead of the planned meeting in the Hungarian capital, Budapest.

Unions and industry groups reportedly back plans for new vehicles to help struggling smelters seal their future with wind, solar and storage.

Foundations laid for the first of 69 wind turbines that will make up one of the biggest new wind farms in New South Wales.

New Zealand experienced one of the developed world’s largest rises in home values over the first 25 years of this century. However, as illustrated below by Justin Fabo from Antipodean Macro, New Zealand dwelling values have recently crashed back to 2019 levels, representing one of the largest property busts in the developed world. One year

The post Former New Zealand PM calls time on 30-year housing bubble appeared first on MacroBusiness.

There are two main reasons why the federal government supports running a high immigration program. First, immigration benefits overall economic growth, as measured by headline GDP. Running a high immigration policy allows the federal government to pretend to be a competent economic manager, even when per capita GDP growth is poor and individual living standards

So says Societe General. The AU unemployment rate jumped to 4.46% in September, above any of the Bloomberg survey forecasts. An upward revision to August leaves the average 3Q rate in line with the RBA’s latest SoMP view of 4.3%. However, the uptick skews risk higher for 4Q. Markets have been wrong-footed by single prints

The post RBA to make “insurance cut” appeared first on MacroBusiness.

In the first of a new series tackling clean energy BS, Tristan Edis asks why National Party politicians are so keen to paint renewables as the enemy of the farmer while cheering on fossil fuels?

While the level of migration remains a hotly contested issue, from the nation’s halls of power to backyard BBQ debates, for the longest time, migration conceptually was considered a positive by a majority of the public. But recently, the public’s attitude on the issue has begun to shift significantly. According to polling from Essential from

The post Albo has destroyed the consensus on migration appeared first on MacroBusiness.

I love QLD. It is the last state of Australia. But, like Australia, it can be really, really stupid. Queensland has put its southern neighbours on notice and drawn a red line through a gas reservation proposal under consideration. As federal Labor deliberates whether to restrict east coast gas exports to prevent a forecast domestic

The post QLD commits gas suicide appeared first on MacroBusiness.

Fortescue green ammonia hopes hit as world's two biggest oil producers gang up on shipping emissions deal, with Trump threatening sanctions.

The ferrous complex continues to weaken as steel mill margins collapse. Production must be cut. It is a little bit. Demand is still funky. The newsflow is about piles of ore. One for the Pilbara killer. Rio Tinto has stockpiled 2 million metric tons of high-grade iron ore at its Simandou project in Guinea for

The post Pilbara killer and BHP iron ore pile up appeared first on MacroBusiness.

A possible change in sentiment from the Trump regime towards China gave Wall Street a boost on Friday night with the TACO trade now in full swing. Meanwhile the USD saw a small reversal in its recent decline as Yen and Euro weakened slightly while the Australian dollar came back a little, managing to almost

The post Macro Morning appeared first on MacroBusiness.

Whether it’s the Israeli Government, an international peacekeeping force, or a post-conflict reconstruction authority for Gaza chaired (grotesquely) by Donald Trump, the fate of Palestine still rests in the hands of outsiders.

John Feffer

Gaza has a ceasefire, now Palestine needs self-determination