A WA developer is pitching a new $500 million battery along the backbone network between former coal hub Collie and the demand centre in Perth.
The post Local developer pitches gigawatt-hour big battery to help Perth quit coal appeared first on Renew Economy.
HMC Capital boss bats off "harsh" takes on the listed company's energy transition fund strategy, saying it has "fantastic assets" and is "deep in negotiation" with electricity off-takers.
Chinese markets are open again, and dirt is flying. This is a typical post-Lunar New Year bounce, yet I am opting to look through it this year to the June seasonal headwind because the market remains fundamentally weak. Witness China bullying around iron ore price assessments. Chinese central desk buyer CMRG has pushed several major
Independent economist Tony Alexander argues in a new report that New Zealand’s three-decade, investor-driven house price boom is over. Average house price growth has structurally slowed, investor participation has fallen, and the psychological “must buy now” pressure that dominated since the mid‑1990s has dissipated. Alexander believes that housing will still rise over time, but at
The push to restore the new LNP leadership team has begun in the conservative press with open propaganda. One Nation’s plan for “net zero” migration could blow out Australia’s debt by almost $420bn over the next 10 years, while barely making a dent in the nation’s welfare bill over the same period, bringing into question
Since the COVID-19 lockdowns began in Australia in March 2020, housing prices in the country’s largest cities have grown at dramatically different rates. As shown below using PropTrack data, home values in Brisbane, Perth, and Adelaide have roughly doubled, whereas values in Sydney and Melbourne have grown at significantly slower rates. According to Cotality’s daily
Since the 1980s, the UAE has been a major transit hub for gems, minerals, metals, and contraband from around the world. During that decade, the once-sleepy emirate, known for its fishing and pearl diving industries, transformed into a center for transnational capital—including arms trafficking, diamond smuggling, and money laundering.
Nasdaq is enjoying a bearish 50/100 bearish cross. It wasn’t pretty the last time this happened. Amazingly, the NTM PE on Info TEch is now the same as Staples. When dealer gamma is negative like this, indicating the market is short, the market makers buy as prices rise and sell if they fall, raising volatility.
The post Sagnificent 7 hits the skids appeared first on MacroBusiness.
For those old enough, the Sydney Olympics held from 15 September to 1 October 2000 was ‘peak Australia’. It was a time when national pride and unity were at an all-time high. Australian living standards were peaking, per capita economic growth and productivity were strong, and homes were still affordable. The year 2000 was also
Société Générale has weighed in on the forthcoming surge in global LNG supply. SG argues that an increase in the supply of LNG basically makes the world’s gas markets more connected. The US, European, and Asian (JKM) gas markets are all in the same hemisphere, so their seasonal patterns are pretty much the same. For
The post More on the monster global gas glut appeared first on MacroBusiness.
The Metropolitan police have arrested disgraced former UK ambassador to the US, Peter Mandelson, who has been under investigation over allegedly leaking sensitive government data to late financier and convicted sex trafficker Jeffrey Epstein.
Universities Australia (UA) has published its pre-budget submission, which repeats the lie that international education is “a $52 billion export engine” and “one of Australia’s biggest money-makers”. This fantastical $52 billion education export figure comes from the Australian Bureau of Statistics (ABS) and is wildly exaggerated because it does not subtract money earned and then
The crushing of traditional state politics continues today as another new poll, this time Roy Morgan, shows One Nation on fire in NSW. On the primary vote, New South Wales voters are divided a year before a state election, with One Nation (30%) now the most popular, leading the governing ALP (25%) and the official
The post One Nation most popular party in NSW appeared first on MacroBusiness.
By Salvatore Babones It’s back to school this week for most of Australia’s 1.5 million university students—and back to Canberra for Australia’s top 1000 education bureaucrats. Universities Australia is holding its annual Solutions Summit this week in Canberra. The jamboree kicks off today with a session on “Putting First Nations at the heart of higher
Recently, Canadian news outlet ‘The Globe and Mail’ provoked controversy and furious social media discussions with one of its analyses. In it, the author asserted that, based on per capita GDP adjusted for Purchasing Power Parity (PPP), Canada was now poorer than the U.S. state of Alabama. According to IMF figures, Canada’s per capita GDP
The post Canada is now “poorer than Alabama” appeared first on MacroBusiness.