Yesterday, ANZ-Roy Morgan consumer confidence dropped 3.7 points to 73.4 points. At 77.0 points, the four-week moving average decreased by 0.9 points. The four-week moving average increased by 0.3 percentage points to 5.5%, while “weekly inflation expectations” increased by 0.8 percentage points to 6.1%. The last year’s “current financial conditions” dropped by 1.2 points, while the
What levers should the federal government pull amid the latest global oil price shock? There's a strong case for taxing windfall gas profits – as long as we get the policy right.
The post As energy prices surge, a tax on windfall gas profits could be the best way to protect households appeared first on Renew Economy.
Independent senator David Pocock used a February Senate estimates hearing to highlight how lightly Australia taxes offshore gas, pointing out that beer excise now raises more revenue than the Petroleum Resource Rent Tax (PRRT). Pocock asked Treasury officials whether it was “accurate to say that the tax on offshore gas exports — PRRT — is
The ferrous complex continues to trade far above fundamentals amid oil disruptions. Chinese trade was out and sent a clarion signal that there is trouble ahead. Iron ore imports front-ran the year at a record 120mt in January, then cratered in February to 95mt. The two months combined were up 8%, but this looks more
The post Australian dollar blasts off without fuel appeared first on MacroBusiness.
Ben was joined by Intifar Chowdhury and Anthony Zougras to bring the podcast up to speed on South Australian politics before the state election on March 21. They discussed the decline in support for the Liberal Party, the emergence of One Nation, and Peter Malinauskas’ dominance in the state.
According to BCA Research, the United States’ main goal in Iran is more constrained than that of Israel: reducing Iran’s capacity to pose a threat to the area, rather than overthrowing the Iranian government. The US specifically wants to undermine Iran’s navy, dismantle its nuclear and ballistic missile program, and stop supporting regional extremist organisations.
Victorian port pitching to become the first in Australia dedicated to offshore wind farm construction says securing the role could more than double its annual shipping traffic.
Recently on social media platform X (formerly known as Twitter) there was a table detailing population growth for various developed economies since 2000, based on the numbers from the OECD database. Of the nations assessed, Canada had the strongest relative population growth between 2000 and 2024, expanding by 34.6%. This got me thinking: where would
'SHOW SOME GUTS': Trump Begs Ships To Cross Strait Of Hormuz...
The cheer squad at FOX NEWS approves of Donald Trump's dump...
https://www.youtube.com/watch?v=HUIsbW71jyc
The number of projects in Queensland's planning limbo now totals six after the state LNP government officially called in another standalone big battery project.
Former foreign minister Alexander Downer reflects on the 30th anniversary of John Howard's government.
“We had no idea, of course, how long we would survive, but it was a very exciting night; we had lost in 1993 the so-called ‘unlosable election’,” Mr Downer told Sky News host Chris Kenny.
“It was really exciting … the thing I would say is, we knew that night exactly what we wanted to do.”
Iran’s top security official has dismissed US President Donald Trump’s threats after he vowed to strike Iran “twenty times harder” if it continues to block the strategic Strait of Hormuz in retaliation for US-Israeli attacks.
Australia’s rental crisis continues to worsen as population growth driven by immigration exceeds supply. According to Cotality, nationally advertised rents have soared by 47% since the end of 2019, adding nearly $11,500 to the annual cost of renting for the median tenant: Rental affordability in Australia is now tracking at an all-time low, with the
A maritime mystery dating back to the 1870s has been solved thanks to the seafloor surveys of an offshore wind project proposed for Victorian waters.
The post “Ironic twist of history:” Offshore wind developer solves 150-year old mystery of sunken coal ship appeared first on Renew Economy.