Blogotariat

Construction has begun on a 30 turbine expansion to a wind farm north of Perth that will make it the biggest in the state with one of the world's most isolated grids.

Head of new state owned green bank says immediate priority is ensuring 22,000 MWh of storage reaches financial close within the next few years.

While Fortescue charges towards real zero, the slowdown by other big iron ore miners is being blamed by BP for its decision to quit giant renewables project.

The Albanese Government says it has brokered a deal with the Trump Administration that will see American beef allowed into Australia in return for America keeping Scott Morrison on US soil.

Outfits like the Grattan Institute argue that Australia needs to maintain a high immigration policy to maximise productivity growth. Their analysis consistently overlooks the empirical evidence showing that Australia’s productivity growth declined as immigration surged. Australia has experienced the strongest population growth in the advanced world this century, yet its productivity performance has been abysmal.

The Reserve Bank of Australia (RBA) said that it was awaiting two vital pieces of data before lowering rates: the June labour force report and the Q2 CPI inflation print. The June labour force figures printed weaker than expected, with the headline unemployment rate rising to 4.31%—above the RBA’s latest projection. Full-time jobs contracted sharply,

The post Benign inflation greenlights RBA rate cut appeared first on MacroBusiness.

Ferrous is up and down again. At these prices, Indian ore will flow. Any push higher and they will gush. Meanwhile, Chinese property is still stuffed. Goldman. Sales are no bueno. Inventory improvement stalling. Completions are a bit better. The Politburo is in the next few days, so look out for more yawnulus.

The post Chinese property bust continues appeared first on MacroBusiness.

The press office of the Russian Foreign Intelligence Service (SVR) has published an article suggesting that Russia and Washington should fight "Eurofascism" together, identifying France and Britain as its main ideologues. This is quite a contrast to the statements the service made a year ago. Vot Tak analyzed this and other publications of the Russian Foreign Intelligence Service and traced how its rhetoric has changed since Donald Trump came to power in the United States.

  Wall Street failed to make new highs overnight as risk markets await the looming Fed meeting and Friday’s jobs numbers amid absorbing the latest trade “frameworks of deals that likely won’t be respected” as peripheral nations still wait the 20-25% proposed tariff slog by the Trump regime, including Australia. The USD remains highs against

The post Macro Morning appeared first on MacroBusiness.

The federal government was advised by eSafety Commissioner Julie Inman-Grant to scrap YouTube’s exemption from laws banning people under the age of 16 from using social media, which are scheduled to take effect in December. Prime Minister Anthony Albanese appeared with David Spears on ABC Insiders over the weekend, where Albanese claimed that the eSafety

The post This is Australia, not 1984 appeared first on MacroBusiness.

The approach is not doctrinal, but is about speaking frankly to both Washington and Beijing.

Here is a foreign minister speaking about Australia’s China debate: “We Australians tend to have a habit, a cast of mind, which seeks for simplicity, and is uneasy with complexity, in foreign policy. We tend to see issues in terms of simple dichotomies – black or white, either-or, all or nothing.