Economists are debating the merits of interest rate hikes. Expectations of a higher quarterly inflation rate have driven a near 60% chance of an interest rate hike at the Reserve Bank’s meeting next week, keeping pressure on the Albanese government to address the rising cost of living from, most notably, higher electricity prices. …The results
Old and inflexible, costly and dirty: Coal generators may be kept online longer than many hoped, but within a decade most will be gone, new report finds.
In its first term, the Albanese government inked two migration-related pacts with India, specifically aimed at promoting migration flows to Australia: The Australia–India Migration and Mobility Partnership Agreement. The Mechanism for Mutual Recognition of Qualifications. Last year’s Labor federal election victory sparked celebrations among the Indian population and migration agents, who believed that avenues to
In my experience, there is nothing worse than an academic with a business vision. The academic has neither the real-world nous nor the thick skin to withstand the temptations of greed and dealmaking. There is no better example than the parlous state of the Australian tertiary sector. It has become the kernel of the great
Despite the hype from the nuclear industry and its boosters, the latest status report shows that its renaissance remains a mirage, and reactor numbers are falling.
The post Another miserable year for nuclear power as renewables surge appeared first on Renew Economy.
January 2026 marks a year since Donald Trump was sworn in as the 47th President of the United States. Few national leaders can compete with Trump when it comes to public engagement and the range of global issues tackled. He is undoubtedly the most quoted head of state. However, the high level of media attention to America’s domestic and foreign policies is a double-edged sword for the current US administration.
Energy efficiency, energy storage, demand flexing and even reciprocating engines offer alternatives to gas turbines.
The post The future for gas generation: Do we really need it, and in what form? appeared first on Renew Economy.
In 2023, Labor MP Julian Hill, who is the Assistant Minister for Citizenship, Customs and Multicultural Affairs, and Assistant Minister for International Education, described Australia’s international education system as resembling a “Ponzi scheme”, accusing agents of misusing student visas by promoting them as cheap work visas with pathways to permanent residency. Phil Honeywood, the CEO
Amidst the ongoing controversy and debate relating to the shooting of two people this month by Immigration and Customs Enforcement (ICE) officers in Minneapolis, Minnesota, Americans have been left bitterly divided over whether or not their actions were justified. To explore this issue in the most fact-based way as related to how it is perceived
In the lead-up to December’s Q2 population release from the Australian Bureau of Statistics (ABS), several key data sets were pointing to rebounding net overseas migration (NOM). First, the Q3 national accounts, released just a few weeks prior in early December, showed that Australia’s population growth had rebounded: Second, the civilian (15-plus) population data released
The ferrous jaws must close! CISA’s second ten days of January output was well below last year. Worse, inventories rise to 16.13mt. This one million tonnes above last year and the prospect of anything but weak restock is all but certain now. The iron ore great pyramids continue to grow. The Steelhome measure is approaching records
The post Iron ore onwards and downwards appeared first on MacroBusiness.
Its all about the structural “off-America” risk trade with the US dollar index now down to a four month low with the Australian dollar making another new high as it surged through the 69 cent level at the start of the trading week. Gold and silver surged again while Wall Street kept hope alive as
The post Macro Morning appeared first on MacroBusiness.
DXY is fast approaching critical support. If it breaks down, and why not, given it is now a measure of the madness of the POTUS, then all bets are off on everything. AUD is more than the mirror image. Supported by rate hike fever and the roaring JPY. Rushing past the plodding CNY. Golden parabola.
The post Australian dollar blasts off with yen appeared first on MacroBusiness.
Labour force data released last week by the Australian Bureau of Statistics (ABS) showed that the nation’s official unemployment rate eased to a seven-month low of 4.1% in December. The result compared with 4.3% in November and economists’ expectations that unemployment would rise to 4.4%. The latest Statement of Monetary Policy (SoMP) from the Reserve
Victoria sets new date for its first offshore wind tender, nearly a year after the original that was delayed last year.
The post Australia’s first offshore wind auction set for August after nearly one year delay appeared first on Renew Economy.