Australian Energy Market Commission makes a series of welcome energy pricing reform recommendations, and one that is bound to spark plenty of push-back.
The post Energy market rule maker wants to kill “loyalty tax” on consumers – and to hike fixed network charges appeared first on Renew Economy.
Tuesday’s interest rate decision saw the RBA leave the official cash rate on hold at 3.60%. In its media statement accompanying the decision, the RBA noted that the recent rise in CPI inflation had been partly driven by temporary factors, though the extent was uncertain. The RBA also noted that Australia’s labour market remains “a
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Last week the Pentagon, under “War Secretary” Pete Hegseth, carried out yet another military attack on a boat in the high seas that the Administration claims is smuggling drugs. That makes 23 boats blown up by the US military in the waters off Latin America – most near Venezuela – and nearly 100 persons killed.
The Hegseth Killings Must Stop
There is an EU document in which it is stated there “is a problem with the financing of Ukraine”. No shit. The real problem actually comes with a new lack of confidence from EU member states in this “financing” following recent unconfirmed reports that Donald Trump has told the EU in blunt terms that they can’t dip into the supposed 300 bn USD in Russian “frozen” assets held by the West.
US negotiators have given Ukrainian leader Vladimir Zelensky days to respond to a peace proposal requiring Kiev to accept territorial losses to Russia in exchange for unspecified security guarantees, the Financial Times reported on Tuesday, citing officials familiar with the matter.
So, the endless summer of disruption continues. I’ve written precisely nothing this week. Today I decided fuck it, I’m going to achieve something. So I bought two flat chickens. And now I’m going to barbecue them.
If this comes off it will be the most significant thing I have achieved in about 6 weeks.
The latest Chinese inflation numbers were slightly higher than expected which has seen the potential for a BOC RRR cut next year move lower, also pushing mainland shares down as well. All other Asian markets are in the red as well with the risk complex awaiting tonight’s FOMC meeting to see what is in store
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A planned shutdown of gas networks in 10 regional towns has resulted in households being pushed towards LPG rather than electrifying their homes.
The post Gas shutdown in regional towns pushes households toward LPG, not electrification appeared first on Renew Economy.
The Reserve Bank of New Zealand has delivered 3.25% of interest rate cuts since July 2024. This reduction in the OCR has delivered a corresponding decline in new mortgage rates to pre-pandemic norms: Normally, such a sharp reduction in mortgage rates would result in a lift in homebuyer demand and prices. However, as illustrated below
European Union members have set a new and binding 2040 climate target of reducing net greenhouse gas emissions by 90 per cent compared to 1990 levels.
The post EU locks in “strong but realistic” emissions reduction target of 90 pct by 2040 appeared first on Renew Economy.
From the Market Ear: Stuck SPX remains stuck inside the range that has been in place since September. Bull flag and a break out, or a double top? We aren’t getting excited until we break out of the range. Until then, treat this as a mean-reverting market. Stability… …at these levels, but dealers turn short
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One of the country's biggest solar farms has reached full commercial operations, after being built well ahead of schedule.
The post One of Australia’s biggest solar farms, in heart of Queensland coal country, reaches full commercial operations appeared first on Renew Economy.
Financial close has been reached for the four-hour big battery next to Australia's biggest wind farm, paving the way for construction to start.
The post Financial close reached for four-hour big battery to be built next to Australia’s biggest wind farm appeared first on Renew Economy.
BHP to sell $A3 billion stake in remote, stand-alone electricity network that is the backbone of its Pilbara mining operations to an offshoot of BlackRock.
The post BHP sells stake in critical Pilbara power network in deal with global fund giant appeared first on Renew Economy.
When Australia closed the book on the 20th century, the median home at a national level could be purchased by a household with a median household income. The typical mortgage consumed 25% of gross income, assuming they had the cash for a 20% deposit, stamp duty, and other transaction costs. This marked the last ‘hurrah’
The post Australia needs 1.9m new homes ASAP appeared first on MacroBusiness.