Zelenskyy and Europe agree five principles for peace deal with Russia
German Chancellor Friedrich Merz said that Ukraine's European allies have agreed on five main requirements for a peace deal with Russia.
"We want President Donald Trump to be successful in Anchorage on Friday," Merz said following the virtual call he organized ahead of Trump's Alaska summit with Putin.
The European Commission is plotting to help oust Hungarian Prime Minister Viktor Orban over what it considers his overly independent policy, according to Russia’s Foreign Intelligence Service (SVR).
The Hungarian leader has repeatedly clashed with Brussels in recent years, opposing EU military aid to Ukraine and Kiev’s bid to join the bloc.
OECD data shows that Australia has experienced the largest decline in real per capita household disposable incomes in the developed world. The March quarter national accounts release from the Australian Bureau of Statistics (ABS) showed that annual real per capita household disposable income was tracking 8.2% below its Q2 2022 peak: Tuesday’s Statement of Monetary
111 years ago the assassination of Archduke Franz Ferdinand of Austria became the pretext for the butchery of World War I.
Asian share markets are generally boisterous in correlation with the equally euphoric Wall Street which was able to swing a higher domestic inflation print into an increased probability of an interest rate cut by the Federal Reserve in September. Currency-land remains stagnant however with the USD losing out against most of the majors as Euro
The post Macro Afternoon appeared first on MacroBusiness.
Battery electric vehicles (BEVs) are massively subsidised in Australia. The Fringe Benefits Tax (FBT) exemption for BEVs costs the federal government more than $500 million in lost tax revenue each year—a figure that will increase alongside the take-up of BEVs. Under the FBT exemption, somebody leasing a $60,000 car can save more than $12,000 per
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Honestly, we couldn’t cook a snag at a barbie, these days. Ross Gittins has finally discovered Australia’s number one economic problem. Or, rather, he’s aping someone else’s take. SMH. Earlier this year, the boss of the Australia Institute, Dr Richard Denniss, caused a stir by claiming that the government takes more money from uni students
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Albo is not a policy coward. He is a do-nothing backroom bovver boy with the economic instincts of a brick. Jim Chalmers knows better what to do, but he is a policy coward. It is a worst-case scenario for living standards. AFR. Anthony Albanese and Jim Chalmers held private talks to agree on the need
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