A crime of aggression, under which politicians and military leaders can be held individually responsible for invasions and other major attacks, comes into force at the international criminal court, reviving global legal powers last exercised at the Nuremburg and Tokyo war crimes trials of the 1940s.
Wednesday’s monthly inflation gauge from the Australian Bureau of Statistics (ABS) revealed that housing inflation is falling fast, helping to lower trimmed mean inflation. The annual CPI rental inflation rate declined to 5.5% in February 2025. This was down from the August 2023 peak of 7.8% and the lowest reading since March 2023: New dwelling
Progress towards peace in Ukraine is slow to the point of being imperceptible. Worse, European gas inventories are sharply depleted after a cold winter. ANZ. Europe faces challenges restocking its stores of liquid natural gas following sharp drawdowns over winter. This is likely to increase pressure on the global LNG market. Increasingly tight supplies resulted
The “Stats Guy” Simon Kuestenmacher, is a renowned immigration lobbyist. For years, he has pumped out propaganda supporting a Big Australia. Last year, Kuestenmacher seemingly experienced a Damascus moment, recognising that Australia’s business model is fundamentally flawed and harming the middle class: The Atlas of Economic Complexity, produced by the Growth Lab at Harvard University,
Goldman says China is back. 1.China is back on the radar, at least in terms of investor interest; 2.We expect more fundamental upside for Chinese stocks after ~20% gains ytd, but reiterate our tactical view that the bull run may slow on event risks and profit-taking pressures; 3.Equity investors seem relaxed about US tariff concerns,
The post Chinese stocks are the new widowmaker appeared first on MacroBusiness.
Tuesday’s federal budget revealed that the cost of the National Disability Insurance Scheme (NDIS) will reach $50.8 billion next financial year, surpassing the $51 billion allocated to the defence budget. While the NDIS has created a significant financial burden on the federal budget, it is mainly responsible for driving Australia’s job growth and maintaining the unemployment
The jaws remain wide. There is good news in steel output. Hot metal production in March increased by 56,700 tons to 2.3626 million tons month-on-month. This is well above last year for the time being. However, it is coming on the top of a very slow January and February. Worldsteel. World crude steel production for
The post The iron ore jaws remain wide appeared first on MacroBusiness.
QAnon is a multifarious conspiracy theory originating in forum posts on the far right wing website ‘4chan’ in October 2017. Adherents to this idiocy believed that then US president Donald Trump was waging a secret war against those running the world, and in the US, the ‘deep state’1.This conspiracy theory had, at its core, lurid claims that an elite cabal of child-trafficking paedophiles, comprising, among others, Hollywood A-listers, leading philanthropists, Jewish financiers and Democrat politicians, covertly rule the world2.