Asian share markets are generally weaker across the board as risk markets try to absorb the impact of the latest trade “deal” from the Trump regime while also anticipating some pretty big macro and economic releases in the coming session. Wall Street is the only light of hope for the bubble boys as earnings continue
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We had some minor damage to the roof from the cyclone earlier this year, and I put a claim in to our insurers, who’ve been outstanding, including telling us there was a lot more damage from a previous storm up there that we weren't aware of. They said they’d repair that too, because apparently I made a previous claim out of that storm as well. That was nice of them. They could’ve just kept that to themselves.
New Zealand has experienced a sharp increase in its unemployment rate, which has risen from 3.4% in Q1 2023 to 5.1% as of Q1 2025. New Zealand’s youth unemployment rate has also risen from 10.7% in Q1 2023 to 12.9% as of Q1 2025. However, youth unemployment did decline by 0.5% between Q4 2024 and
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Lifting Australian defence spending is a policy no-brainer. Our security environment is rapidly deteriorating as China turns to bellicose assertion of its interests via a large blue-water navy. Ignoring the recent missile drills by a Chinese nuclear-capable flotilla minutes off Sydney is ridiculous. We need a credible threat to respond to such activity, or every
1:33pm – In the electorate of Lyons, Liberal candidate Guy Barnett was elected first, but with only a very small surplus. His colleague Jane Howlett was just 22 votes short of a quota, so his surplus has elected her. She now has a surplus of 172 votes, and those will be distributed next. That shouldn’t take too long. After that, they’ll start knocking out the lowest-ranked candidates.
The Market Ear on the inflating bubble. Crazy can get crazier Even at all-time highs, markets still seem to have firepower left. Systematic buyers are stepping in, retail is betting on AI small caps, and hedge fund net length remains below peak. We’re not saying it’s rational—but in the land of melt-ups, “crazy can get
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Gottiboff is in panic mode at The Australian about the AI revolution: In the next six to 12 months vast numbers of the Australian middle class employed in private sector service industries will either lose their jobs or will feel very insecure. Again, they are totally unprepared for what is ahead. Here in Australia much
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Earlier this year, the Albanese government pledged more than $800 million in production subsidies for a green hydrogen project in remote Western Australia. This formed part of the federal government’s $8.7 billion war chest to create incentives for green hydrogen. Labor’s Future Made in Australia (FMIA) plan, revealed in 2024, included a $6.7 billion budget
From Twiggy Forrest today. The Australian. I love my country to my core and will defend it at any cost. I grew up in the great Australian Outback and fell heavily for the land we call our own. I’ve been a builder and creator for as long as I can remember, which led to the
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Russian Foreign Minister Sergey Lavrov delivered a fiery address, accusing the West—particularly Germany and the United States—of stoking conflict with Russia through unchecked military support for Ukraine. Speaking during a high-profile interview, Lavrov declared that "Russia is once again forced to fight alone" against a hostile collective West, drawing historical parallels with past invasions by Napoleon and Hitler.
Ian Verrender at the ABC is blunt. Peter Costello pulled the pin on a multi-billion transaction. So did Wayne Swan. Costello in 2001 rejected Royal Dutch Shell’s proposal to take a controlling stake in Woodside while Swan in 2011 put a stop to the Singapore Stock Exchange’s bid to take over the Australian Securities Exchange.
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The broken-record business lobby has called on the federal government to lower Australia’s corporate tax rate. Business Council of Australia (BCA) President Geoff Culbert claimed that Australia’s 30% corporate tax rate is the third-highest among wealthy nations in the OECD and has made Australia uncompetitive and lowered invetment and productivity. “Our corporate tax rate is