The State of Queensland is running large operating deficits, averaging 3.2% of operating revenue between FY25–FY27. The operating deficit is expected to peak at nearly 6% in FY26. Deficits after capital spending are extremely large: 17–20% of revenue through FY27. A return to operating surplus is not expected until FY28. S&P Global Ratings has affirmed Queensland’s AA+
In Qatar on Thursday, Chancellor Friedrich Merz signaled Germany would be willing to increase arms exports to countries like Qatar and Saudi Arabia as "reliable cooperation partners."
The Australian government has been urged to come clean on security threats posed by climate change following the release of a troubling UK assessment.
Following the resumption of rate rises from the RBA earlier this week, many Australians have been left wondering how things went so badly wrong that the RBA has needed to raise rates only a year after it started cutting them, despite the prior rate rise cycle delivering the largest relative rise in mortgage rates in
The post The rate hike blame game – RBA vs Albo appeared first on MacroBusiness.
Latest Rystad Energy data shows Australia's large-scale wind and solar farms generated 20% more electricity in January 2026 than in January 2025.
The post Wind and solar output leaps 20 pct in January, as west wins on wind and biggest coal grid on PV appeared first on Renew Economy.
Two multi-billion dollar pumped hydro energy storage projects declared Critical State Significant Infrastructure in race to cancel out coal.
The post “Bankable, critical:” State puts two pumped hydro energy storage projects on planning fast-track appeared first on Renew Economy.
Regional Australia should be alarmed by the latest long-term projections from the Centre for Population, which risk tilting the nation’s power balance further in the cities’ favour. To recap, the Centre for Population’s 2025 Population Statement projects that the nation’s population will grow by 3,860,000 over the 11 years to 2035–36, with most (80%) of
DXY is back and showing no signs of fatigue. The AUD looks like a man clinging to the edge of a cliff. It has overshot its CNY sponsor. The Japan problem is back. Gold puked again. Copper longs must be feeling it. AI metals are in free fall. Big mining parabola goes “pop”. EM down.
The post Australian dollar sucked into AI storm appeared first on MacroBusiness.
Melbourne’s status as an economic wasteland continues to grow. The latest labour force data from the Australian Bureau of Statistics (ABS), presented below by CBA, shows that Victoria has recorded the steepest rise in unemployment in the nation: Victoria’s trend unemployment rate is also the highest in the nation at 4.7%, sitting well above the
The current LNP state government in Queensland was elected on a promise of restoring the Optional Preferential Voting (OPV) system used in the state up until the 2015 election.
Under this system, voters are not required to number every box on the ballot. In contrast, the current Compulsory Preferential Voting (CPV) system requires voters to effectively number every box.
The ferrous jaws are finally closing. Another 3-4% and we will be at some kind of weak equilibrium in steel profits. That is, if steel prices don’t start falling again. And they well might. CISA output for the last ten days of January was poor. The year has started tracking 2019. There was a silver
The post The great iron ore tumble begins appeared first on MacroBusiness.
A blowout in US unemployment claims, a collapse in cryptocurrencies and more unease over the AI uber-bubble added to rise in volatility across risk markets overnight as Wall Street fell back again, taking other markets with it. The USD continued its comeback against most of the majors, particularly the Aussie, Loonie and Kiwi while the
The post Macro Morning appeared first on MacroBusiness.
In the midst of the euphoria surrounding Venezuela's aggression, Trump and Marco Rubio sounded the death knell. After 67 years of resistance against the empire, the Cuban revolution was supposedly finished. Cuba was expected to fall this year, the US administration proclaimed daily, in every possible tone.
BY Maïté PINERO
Cuba: in defense of the honor of humankind.