A fleet of retired tanks the Albanese government pledged to Ukraine last year remains stuck in Australia, with defence figures in part blaming resistance from the United States for their delayed transfer.
I noted recently how Australia’s housing obsession has gradually choked the economy. The Australian Bureau of Statistics (ABS) reported that Australia’s housing stock was valued at a record $11,032.2 billion in 2024, with the average home valued at $976,800. According to CoreLogic’s most recent monthly chart pack, Australia’s housing stock was valued at $11.3 trillion as
Chancellor-in-waiting Friedrich Merz and his CDU won Germany's election, yet his personal popularity is low — and getting lower. Most Germans don't trust him, not least because of his approach to the far-right AfD.
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Easy Listening
The post Macro Afternoon: 29 April 2025 appeared first on MacroBusiness.
This new legislation is the worst attack on England’s ecosystems in living memory.
By George Monbiot, published in the Guardian 24th April 2025
On Wednesday, the all-important Q1 CPI will be released by the Australian Bureau of Statistics (ABS). CBA expects the policy-relevant trimmed mean CPI to print at 0.6% for the quarter, bringing the annual rate down to 2.8%, within the RBA’s target band. Six-month annualised trimmed mean CPI would also slow to only 2.2%, well within
The post Market tells RBA to cut fast and deep appeared first on MacroBusiness.
As increasing numbers of Australians have chosen to vote early, we have now reached a point where the country is split roughly into two halves – one half voting before election day, through pre-poll voting, postal voting and remote booths, and the other half casting their vote on the day. There are also a few small batches of votes that can’t be identified as being cast on election day or before, but nearly everyone falls into one of these two groups.
Coalition transport spokesperson Bridget McKenzie floated on Sunday, working with state governments on a road user charge after arguing that tax breaks for electric vehicle (EV) owners are being subsidised by internal combustion engine (ICE) car drivers. “The reality is under the Labor Party, they’re not contributing”, McKenzie told ABC’s Insiders. “The roads are deteriorating