Honestly, if everybody is happy to take this, then they deserve it. AFR. Prime Minister Anthony Albanese has ruled out watering down foreign investment rules despite criticism from Beijing but reassured Chinese gas companies that supply contracts won’t be cancelled should the government establish an east coast gas reservation. Chinese fears over a potential threat
The callousness of the Ukrainian offer to exchange the exhumed remains of Russian WWII soldiers for Ukrainian military prisoners is “hard to imagine,” former US Department of Defense analyst Karen Kwiatkowsky told Sputnik.
“It also suggests that there are not enough current Russian soldiers dead or captured to match those Ukrainians dead or held as POWs by Russia,” Kwiatkowski notes.
This is fun. The rationales being proffered for this are silly. Steel production has rebounded in China, driven by accelerating accumulation of building materials, robust manufacturing demand and sustained strength in steel exports, broker Galaxy Futures said. Key steel producing regions Shanxi and Tangshan have started implementing output restrictions, Galaxy said. Although it is the
Victorians are suffering an acute case of Stockholm Syndrome regarding the state Labor government. Victoria’s nine-month lockdown during the Covid-19 pandemic was one of the longest and most severe in the world. It was also brought to us by the state government, whose incompetence with hotel quarantine and harsh enforcement should have scared voters away.
DXY is up and away. AUD appears to have locked in its double top. There may be a pop on Chinese yawnulus, but I expect disappointment. Sacking Powell is the only hope now. Lead boots are plodding downhill. Metals meh. Same same. Big mining bear locked in. EM is running against DXY. Junk funk. Long
The post Australian dollar pounded by stalling economy appeared first on MacroBusiness.
AS EUROPE WAS HOT, DEBATE ABOUT GLOBAL WARMING WAS NOT ON FOR SOME... SURE, WHAT WE DO NOW, WON'T HAVE AN IMPACT IN THE NEAR FUTURE, BUT SCIENCE TELLS US THAT SHOULD WE DO NOTHING, THINGS COULD GET A LOT WORSE IN FIFTY TO ONE HUNDRED YEARS FROM NOW... AIR CONDITIONING IS A HOT TOPIC AS COOLING INSIDE HOUSES USES A LOT OF ENERGY...
Another data drive night with Wall Street pushed to record highs amid an expected initial jobless print and a slightly higher than expected retail sales print, which could have been affected by the inflationary push of tariffs. The USD gained against all the majors except gold with Treasury yields remaining high especially on the long
The post Macro Morning appeared first on MacroBusiness.
As China’s property sector continues to deteriorate with each passing day, reports of renewed stimulus for the sector emerge every few months from the Chinese press or policymakers. Each time it’s like watching an infomercial on daytime television: “It’s new. It’s improved. It’s better than ever.” Then, like many mail-order products that claim to achieve
Germany and UK sign historic post-Brexit friendship treaty
The accord — dubbed the "Kensington Treaty" — includes plans for close security and defense cooperation, a mutual assistance clause in crises, and visa simplifications for school exchanges.
Three people were killed and several others were injured in the strike on Gaza's only Catholic church, which was widely condemned. Follow DW for more.
Middle East: Israel 'deeply regrets' strike on Gaza churchLouis Oelofse | Timothy Jones dpa, AFP, Reuters, AP
Netanyahu's office says Israel 'deeply regrets' strike on church in Gaza