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Oz Blog News Commentary
Your Democracy Thursday, June 12, 2025 - 16:25 Source

Network Ten has axed its long-running current affairs show The Project as part of a major programming overhaul aimed at rebuilding its early evening viewership.

Network president Beverley McGarvey informed staff of the decision in a meeting at the broadcaster’s Melbourne headquarters on Monday.

 

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Your Democracy Thursday, June 12, 2025 - 16:11 Source

US Secretary of State Marco Rubio has congratulated Russians on Russia Day and stressed his commitment to building constructive relations with Moscow for peace with Ukraine.

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MacroBusiness Thursday, June 12, 2025 - 13:30 Source

Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS), revealed that real per capita home consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. The fall in household spending occurred despite a 1.8% increase in real per capita household incomes in the year

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MacroBusiness Thursday, June 12, 2025 - 13:00 Source

ANZ doesn’t think so. Heightened global trade uncertainty has been driving gold’s rise toward USD3,500/oz. While noise around US tariffs persists,we believe the market will gradually become desensitized to new announcements. As this occurs, macro economic data are likely to take over as the primary catalyst. Market expectations of the level of US tariffs have

The post Gold exhausted? appeared first on MacroBusiness.

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MacroBusiness Thursday, June 12, 2025 - 12:30 Source

NSW Premier Chris Minns wants to solve Sydney’s housing crisis by accelerating the supply of shoebox apartments. A few weeks back, Minns argued that previous governments had been “timid” due to “the NIMBY [Not In My Backyard] backlash” and claimed the public conversation had shifted to “opening the gates to more urban consolidation and development”. “I

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MacroBusiness Thursday, June 12, 2025 - 12:05 Source

The biggest narrative in world markets surrounds the US. On one hand, the US economy has been growing strongly, is resilient and has seen significant productivity growth. On the other, it is being assailed by a raft of economic uncertainties, from tariffs, to domestic demand, capital expenditure plans, tourism, higher interest rates, higher wage growth

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MacroBusiness Thursday, June 12, 2025 - 12:00 Source

Stats New Zealand released data showing that net overseas migration (NOM) fell to 21,300 for the year ending April 2025, a decline from 90,900 a year earlier. This represented a 2½ year low for NOM, driven by slowing arrivals of non-NZ citizens and elevated departures. “Easing arrivals and strengthening departures of non-NZ citizens and still-sizeable

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MacroBusiness Thursday, June 12, 2025 - 11:30 Source

Following the recent practice bombing of every major Australian city by a nuclear-capable flotilla of Chinese warships, Japan has notified allies that Xi’s coming south in other ways as well. Japan said it observed two Chinese aircraft carriers and supporting warships operating simultaneously near remote Japanese islands in the Pacific Ocean for the first time,

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