Recall that Australian Prime Minister Anthony Albanese delivered a speech late last month to the UK Labour Party conference, whereby he vowed to “defend democracy itself” alongside “my mate”, British Prime Minister Sir Keir Starmer. Albanese said he shared a “determination” with the UK leader and an “absolute resolve to stand together and defend democracy
Why is everything to do with energy in Australia so stupid? Labor is awarding contracts under its flagship renewable energy scheme to developments years away from board approval, let alone construction, raising fears that projects in line for taxpayer support may never be built. One major Victorian wind farm proposed by AGL Energy, which will
Recently, many Canadian commentators have noted that there was a growing gender imbalance in their nation’s younger demographics, well beyond what could be considered normal. As the chart below, from Canadian Macro and Property Analyst Ben Rabidoux, illustrates, the number of additional men versus women in the 20- to 29-year-old age demographic has grown dramatically since
Charlie McElligott at Nomura nicely illustrates that air needs to come out of the bubble before it can inflate further. With the current stage set above, Nomura strategist Charlie McElligott notes that this trailing multi-month “Vol Crush” – certainly within Equities space – has been a function of bunches of things: 1. Prolific Equities “Vol Supply” (Structured Notes
Santos is widely regarded as a major contributor to the East Coast Australian gas shortage. About a decade ago, Santos expanded its gas export facility at Curtis Island, signing long-term contracts with Asian buyers. However, the anticipated gas reserves weren’t sufficient, so Santos began buying up local gas and diverting gas meant for domestic use
The great cooktop distraction is back. Some of Australia’s most famous chefs including Poh Ling and Neil Perry are backing a move away from gas cooktops, championing induction as the future of cooking. A growing list of Aussie culinary stars have joined the Global Cooksafe Coalition, which advocates for all-electric kitchens in restaurants and homes.
Developing nations worldwide are facing structural labour shortages and budget deficits amid ageing populations. Germany has proposed raising the retirement age to 73 to avert a pension crisis: Germany has proposed raising the retirement age to 73 in an effort to prevent the collapse of its pension system. This proposal comes from a new scientific
It was going so well, and then thump! Westpac mulls what happened. Consumers appear to have been rattled by recent updates on inflation. ‘Partial’ measures released over the last month suggest annual inflation has lifted back towards the top of the RBA’s 2–3% target range. This news, and signs of firmer consumer demand and a
The federal government has effectively provided Victoria with a financial bailout by delivering the state around $7.5 billion in extra GST revenue over two years, meaning it will receive $1.07 for every dollar raised in 2025-26. Victoria’s GST ‘bailout’ has come at the expense of New South Wales, which has received a diminishing share of
The ferrous complex popped at the end of Golden Week yesterday. Pretty typical stuff. The steel profitability gap remains wide. We know a shakeout is coming for iron ore. The question is how deep it will need to be. Morgan Stanley has a crack at it. Downside risks to our long-term price target could emerge