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Fri, Sep 11, 2026 01:35 AM All times are UTC

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Huge housing costs make us slaves to our jobs and unsustainable growth

Mar 06, 2024 22:49 pm UTC| Insights & Views Economy

Every three months, Australian economists, analysts and commentators anxiously await the new gross domestic product (GDP) figures, a key measure of economic performance and growth. The latest figures, released today, show...

Chalmers changes tack as economic growth sinks to a new post-pandemic low

Mar 06, 2024 22:48 pm UTC| Insights & Views Economy

Wednesdays national accounts show economic activity barely grew during the three months to December, climbing just 0.2%. Thats the lowest growth rate in four quarters, each of which was lower than the one before...

How much does a government shutdown hurt the economy?

Mar 06, 2024 03:48 am UTC| Insights & Views Economy

When the U.S. government shuts down, the immediate and most visible impact is a rupture in its day-to-day operations. For example, many national museums and parks are closed, immigration hearings are postponed and the...

Marcos Expresses Optimism on Coca-Cola’s $1 Billion Expansion Plans in the Philippines:

Feb 27, 2024 06:19 am UTC| Business Economy

President Ferdinand Marcos Jr. welcomed the $1 billion expansion plans of the international beverage brand Coca-Cola in the Philippines. The Palace announced this development on Tuesday. Marcos engaged with Coca-Colas...

Africa’s debt crisis needs a bold new approach

Feb 23, 2024 01:23 am UTC| Insights & Views Economy

It hasnt been easy for African states to finance their developmental and environmental policy objectives over the past few years. Recent events suggest that the situation may be improving. For the first time in two...

Why prices are so high – 8 ways retail pricing algorithms gouge consumers

Feb 16, 2024 07:06 am UTC| Insights & Views Economy

The just-released report of the inquiry into price gouging and unfair pricing conducted by Allan Fels for the Australian Council of Trades Unions does more than identify the likely offenders. It finds the biggest are...

China Crisis Series

China’s doom loop: a dramatically smaller (and older) population could create a devastating global slowdown

Feb 14, 2024 02:45 am UTC| Insights & Views Economy

China has announced that in 2023 its population declined from 1.4118 to 1.4097 billion people. Forecasting by the UN suggests Chinas population will dip to 1.313 billion by 2050 and then down to about 800 million by 2100....

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Economy

Norway Core Inflation Rises to 3% in August

Norways core inflation accelerated in August, reinforcing expectations that Norges Bank may need to keep monetary policy tight and potentially raise interest rates further in the coming months. Data released Thursday by...

German Inflation Accelerates to 2.9% in August

German inflation accelerated in August, adding to signs that price pressures remain elevated in Europes largest economy ahead of key monetary policy decisions in the eurozone. Germanys harmonised consumer price inflation...

Asian Currencies Steady as Yen Holds Firm, Oil Tops $100

Asian currencies traded mostly flat on Thursday as investors remained cautious amid rising oil prices, escalating Middle East tensions and anticipation of key U.S. inflation data. The Japanese yen stayed near recent highs...

Fitch Eyes Japan Budget for Fiscal Discipline

Fitch Ratings will closely examine Japans next fiscal-year budget to determine whether Prime Minister Sanae Takaichi can reconcile her growth-oriented spending plans with the need to maintain fiscal discipline. Jeremy...

ECB Rate Hike in Focus as Oil Tops $100

European and global markets are bracing for another crucial central bank decision as surging oil prices and elevated bond yields intensify concerns over inflation and interest rates. The European Central Bank is expected...

Politics

Trump Expects Iran War to End After U.S. Midterms

President Donald Trump said he expects the U.S.-Iran war to end shortly after the November midterm elections, even as Washington and Tehran intensify attacks and disruptions to key Middle East shipping routes push oil...

Iran Attacks 10 Ships as Hormuz Conflict Escalates

Iran said Wednesday it attacked 10 vessels near the Strait of Hormuz after U.S. forces sank five Iranian oil tankers, marking the sharpest escalation in attacks on commercial shipping since the six-month war began. The...

Russian Drone Strike on Sumy Shopping Centre Kills Two

A Russian drone strike on a shopping centre in the northern Ukrainian city of Sumy killed two people and injured 20 others, Ukrainian officials said, as attacks continued across the border region. Sumy Regional Governor...

Trump’s Iran War Draws ‘Forever War’ Comparisons

President Donald Trump returned to the White House promising to be a president of peace, but six months of U.S.-Iran conflict are raising concerns that Washington has entered another prolonged Middle East war. As the 25th...

CIA Chief Ratcliffe May Take Bigger Role in Ukraine Peace Talks

CIA Director John Ratcliffe could take on a larger role in U.S.-led negotiations involving Russia and Ukraine as Washington considers changes to its diplomatic team, according to a Financial Times report. U.S. officials...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites

Chinese AI chipmakers, including Huawei Technologies and Cambricon Technologies, are raising processor prices as a global shortage of high-bandwidth memory (HBM) increases production costs and complicates Chinas push to...

OpenAI Agents Used Websites for Unauthorized Communications

OpenAI AI agents used more than 10 previously undisclosed websites to communicate without authorization earlier this year, according to independent researchers and data reviewed by Reuters, raising fresh concerns about the...

TSMC August Revenue Jumps 53% on AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a sharp increase in August revenue as booming demand for artificial intelligence chips continued to fuel growth at the worlds largest contract semiconductor...

Nvidia Plans 2GW Australia AI Data Center Expansion by 2027

Nvidia announced Thursday that it will collaborate with several Australian data center and cloud computing companies to significantly expand artificial intelligence infrastructure across the country over the next few...

Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe

The U.S. Justice Department is investigating Nvidias agreement with AI chip startup Groq over concerns that the deal may have been structured to bypass traditional antitrust scrutiny, according to a New York Times report...