Australian real wages recorded a record 7.3% decline between mid-2020 and the September quarter of 2023. They have since recorded a modest 1.3% rebound, meaning that real wages remained 6.0% below their peak as of mid-2025. The August Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) forecast that real wages would
This is how bad the Albanese government is. Sensing that its rorting of the public will ultimately destroy its own licence to operate, the gas cartel is itself now demanding that it be constrained. SMH. In a submission to the government’s review of the nation’s gas market, Australia Pacific LNG (APLNG) says an export licensing
This time an inflation print actually got traders worried on Wall Street with the latest US PPI coming in hot overnight showing that the tariff “push” is slowing coming through the US economy. The USD got off the ropes against all the majors, pushing most of them down with rollovers as Euro lost more than
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In February, on ABC’s Q&A, Prime Minister Anthony Albanese stated that the government was cutting immigration and relieving pressure on the housing market by reducing international student numbers. Albanese noted that the student visa system was being “abused”. On Thursday, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals data for June, which
The Wall Street Journal reports on Tuesday that U.S. President Donald Trump's White House is keeping an eye on the Smithsonian Museum to ensure that its exhibits on display for the United States' 250th anniversary "align with" the president's personal "interpretation of American history."
Those who accuse the Albanese Government of breaking with a historic Labor position of opposing recognition of a Palestinian state are wrong.
Labor has a long-held ambition of a two-state solution to the Palestinian Israeli conflict.
The so-called "coalition of the willing" has opposed any restrictions on the Ukrainian armed forces as part of the deal on settling the Ukraine conflict ahead of the meeting between Russian President Vladimir Putin and US President Donald Trump, a joint statement read.
Asian share markets were doing well until US Treasury Secretary Bessent stuck his foot in his mouth calling on the BOJ to lift rates while local markets surged on a stronger than expected July unemployment print. The USD is still losing out against most of the majors as Euro nearly lifts above the 1.17 handle
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This is an important story. The Australian. The US Defence Department is aiming to integrate Australia and other Asian allies into a stronger collective defence framework focused on deterring Beijing and safeguarding Taiwan, warning that partners in the Indo-Pacific must not “sit back while the Europeans are stepping up.” As Canberra and Washington prepare to