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Renew Economy Tuesday, June 15, 2021 - 15:35 Source

Mocean Energy puts its first wave energy conversion prototype, Blue X, to sea at a test site at the European Marine Energy Centre in Orkney.

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Renew Economy Tuesday, June 15, 2021 - 15:28 Source

ARENA announces new funding for industrial emitters as Labor and Greens seek to halt changes that would direct money towards Coalition's preferred technologies.

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The Australian Independent Media Network Tuesday, June 15, 2021 - 15:22 Source

By Dean Cool   While headlines were made after a counter-terror squad arrested a FriendlyJordies producer, the whole story is bigger than that. Australian YouTube personality Jordan Shanks, aka FriendlyJordies, has spent a lot of time over the last year harassing corrupt politicians. That is, of course, when he wasn’t attacking anti-poverty activists for failing to…

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Renew Economy Tuesday, June 15, 2021 - 15:15 Source

Solar Choice buys out majority stake in huge 2000MW solar development project in Queensland, now with an eye on the green hydrogen market.

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Renew Economy Tuesday, June 15, 2021 - 15:13 Source

rooftop solar“Other people see it as a problem, we see it as an opportunity." WA Labor's Bill Johnston says state's 1.3GW of "mum and dad" rooftop solar investments is one of the state's leading assets.

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MacroBusiness Tuesday, June 15, 2021 - 15:00 Source

Roy Morgan’s business confidence survey hit a seven year high in May, increasing 4pts (+3.2%) to 129.3 – the highest reading since January 2014 (131.5). This follows a whopping 39.4pts (+43.8%) increase on May 2020 when Australia was gripped by the coronavirus pandemic: Business Confidence in May 2021 was 15.5pts above the long-term average of

The post Business Confidence hits 7-year high appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 14:30 Source

A new report from Knight Frank Research shows that the total value of offshore investment in Australian residential property fell below $500 million in 2020 – the lowest level in seven years. This was a key driver of a 19.6% decline in property developers’ investment in residential sites, which fell to just $4 billion amid

The post Foreign buyer drought smashes apartment market appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 15, 2021 - 14:17 Source

Australian officials and paper mad types are running out of ideas as to how to be cruel towards refugees. We need to give them some credit: for years they have tried to do what most autocratic and murderous regimes do in a heartbeat: ignore international law, treat it with disdain and use those feeble excuses…

The post Publicity and Exploitation: Fortress Australia and the Family from Biloela appeared first on The AIM Network.

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MacroBusiness Tuesday, June 15, 2021 - 14:00 Source

Deloitte Access Economics is upbeat about the outlook for Australian retailers, forecasting that consumer spending will remain strong as the domestic economy continues to rebound and COVID-19 restrictions ease. The firm’s quarterly Retail Forecast report notes that lockdowns and travel restrictions have boosted retailers’ sales, which should result in a “bumper year” for the sector

The post Deloitte: Retail to ride wave of spending appeared first on MacroBusiness.

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Renew Economy Tuesday, June 15, 2021 - 13:43 Source

 Stanwell Corporation).QCC report says many state

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MacroBusiness Tuesday, June 15, 2021 - 13:30 Source

Nataxis with the latest on Bitcoin: Bitcoin: adjustment nearly over? Since mid-May, Bitcoin and crypto assets have been in crisis. After a high at $63,500, Bitcoin collapsed to almost $30,000, Ethereum went from a high of $4,400 to a low of $2,000. The capitalisation of crypto assets has fallen from a high of $2 tr

The post Bitcoin to end privacy appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 13:00 Source

Earlier this year, the National Farmers Federation (NFF) called for a Dedicated Agriculture Visa program ease purported chronic labour shortages across the sector: To provide a stable and sustainable workforce for agriculture that is fair and equitable for both workers and employers, the NFF supports the introduction of a Dedicated Agriculture Visa program… providing a

The post Aussie farm visa slaves paid just ‘$9 a day’ appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 12:40 Source

Former ALP minister Craig Emerson has penned an article in The AFR calling on the Morrison Government to tackle Australia’s declining productivity growth, which is central to boosting the nation’s living standards: “Productivity growth has contributed 95 per cent of the improvement in Australians’ material living standards since 1901”. “From the turn of the century,

The post Productivity not population key to Aussie living standards appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 12:20 Source

The ABS has released its property price results for the March quarter, which recorded a 5.4% quarterly rise across the combined capital cities – the strongest rise since the December quarter of 2009: According to the ABS: Residential property prices rose 5.4 per cent in the March quarter 2021. This was the strongest quarterly growth

The post ABS records strongest house price growth on record appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 12:18 Source

Via the RBA Minutes: Considerations for monetary policy In considering the policy decision, members observed that the global economic recovery from the pandemic had continued and the outlook was for strong growth in output in 2021 and the following year. Policy settings and the pace of COVID-19 vaccinations had supported global economic activity, but the recovery remained

The post RBA super dove reaffirmed appeared first on MacroBusiness.

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Renew Economy Tuesday, June 15, 2021 - 12:02 Source

To meet Paris targets, world must phase down existing fossil fuel production. Happily, renewables are more than ready for the challenge.

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MacroBusiness Tuesday, June 15, 2021 - 12:00 Source

As we know, the NSW Government has announced plans to replace stamp duty with an annual land tax by. On Friday it released a report detailing the reforms. Under the reforms, buyers would be given an alternative to paying stamp duty via: Owner-occupiers: a fixed $400 up-front fee plus an annual 0.3% tax on the

The post NSW throws $25,000 bribe at first home buyers appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 11:30 Source

The commodities bubble has begun to burst. Lumber is crashing, copper is fading and foodstuffs like corn and soy are copping it. China’s credit impulse has sunk lower than a snake’s butthole indicating base metals and bulks are next. Oil is OK but so what? It’s manipulated. Yet, check out the latest Wall Street strategist

The post Wall Street’s commodities bubble huddle appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 11:00 Source

Westpac with the note: The ABS Weekly Payrolls estimate of jobs lifted 0.3% in the two weeks to 22nd May and the fortnightly increase of the previous release (for the two weeks ending May 8) was revised from -0.3% to -0.1%. It is normal for Payrolls to be revised upwards in the weeks following the initial

The post Westpac: Aussie jobs market slowing appeared first on MacroBusiness.

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Prosper Australia Tuesday, June 15, 2021 - 10:54 Source

Homebuyers might be wary of taxing rezoning windfalls, because they worry it will increase the sticker price of housing. The property industry says that taxing rezoning windfalls will increase the cost of housing because the tax will be passed on. They also say that in response to the new tax developers will shut up shop, […]

The post Rezoning Windfall Gains Tax – FAQs first appeared on Prosper Australia.

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MacroBusiness Tuesday, June 15, 2021 - 10:30 Source

The rise in Sydney’s dwelling values has been extraordinary. Since the beginning of 2021, Sydney dwelling values have risen by an astonishing 13.9%, marking the fastest pace of increase since the late 1980s. According to CoreLogic, the ‘high end’ of Sydney’s property market – i.e. the top 25% of properties – have driven the value

The post Sydney’s elite ride property tide to higher wealth appeared first on MacroBusiness.

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Renew Economy Tuesday, June 15, 2021 - 10:09 Source

Renewables achieved record share of global electricity production in 2020, but fossil fuels still supply 80% of world's energy needs – the same as 10 years ago.

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MacroBusiness Tuesday, June 15, 2021 - 10:00 Source

Over the weekend, The AFR reported that the Morrison Government will use the Australian Treasury’s upcoming intergenerational report (IGR) as ammunition to reboot the mass immigration ‘Big Australia’ policy (see yesterday’s post). The IGR will reportedly “show the country is getting older, more indebted and reliant on taxing younger workers, and driving up spending”. Therefore,

The post Adair Turner exposes Treasury’s mass immigration myopia appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 09:30 Source

The ferrous complex was mostly closed over the long weekend with much of Asai shut too for the Dragon Boat holiday. Spot iron ore rose and everything else was on pause: News over the break was very bad for demand as Chinese credit cratered but it was better on the supply side with Vale facing

The post Daily iron ore price update (60 days) appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 15, 2021 - 09:30 Source

By Dr John Töns   Scott Morrison’s support for President Biden’s assertion that there is an urgent need to bolster and accelerate efforts to identify the origins of the COVID-19 pandemic and further that there is a need to ensure that the World Health Organization is independent and invested with stronger surveillance powers, seems on the…

The post COVID-19 origin: a search or a witch hunt? appeared first on The AIM Network.

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MacroBusiness Tuesday, June 15, 2021 - 09:30 Source

The first session of the trading week was a modest one overnight and while tech stocks on the NASDAQ bloomed ever higher, most other equity markets stalled out as bond yields rose across the board. Currency markets were equally sanguine without much intrasession volatiltiy although Yen sold off appreciably against USD while commodity prices saw

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 09:00 Source

Chinese credit tightening has turned into a crash. Paradoxically, it’s a controlled descent but the pace of it is akin to a crisis. Total social financing in May came in at 1.92tr yuan with bank lending making 1.47tr of that: The non-bank share is still falling away after its brief COVID flourish: May loan flow

The post Chinese credit crashes, commodities to follow appeared first on MacroBusiness.

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Renew Economy Tuesday, June 15, 2021 - 08:48 Source

Yallourn coal generator forced to close three out of its four units over the weekend due to flooding at its brown coal mines in Victoria.

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Renew Economy Tuesday, June 15, 2021 - 07:12 Source

santos offshore gas field emissions - optimised

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MacroBusiness Tuesday, June 15, 2021 - 00:10 Source

Australia’s personality-disordered PM, Scott Morrison, is galavanting around the world drumming up support to contain China. He’s invited himself to the G7 to lace it with anti-CCP warnings. He’s dropped into Downing Street to spray Beijing. He’s soon off to the White House for an anti-CCP powwow. At home, more US marines and naval access

The post Why “Pig Iron Scott” should boycott iron ore to China appeared first on MacroBusiness.

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