Treasury data shows migration's economic benefits for Australia
Treasury's intergenerational report reveals lower migration would reduce GDP per person and worsen budget deficits, challenging anti-migration rhetoric as Australia's population ages.
Category : Economy GDP
September 2026 Financial Crisis Warning: Lessons from 2008
With oil above $100, bond sell-offs, and AI stock fears, markets show 2008-like fragility. Larry Elliott urges preparing for a possible September meltdown.
More deaths than births in Australia by 2060s, report
Australia's seventh intergenerational report projects deaths will outnumber births by the 2060s, with lower economic growth and AI as a pivotal factor.
Youth unemployment: too few jobs in too many places
IPPR index reveals stark regional gaps in youth job availability, with Rotherham facing 22 applicants per vacancy, prompting calls for targeted support and industrial strategy.
IMF cuts Australia growth forecast, warns of rate hike risk
The IMF downgraded Australia's 2027 GDP forecast to 1.6%, warning the RBA may need to hike rates further to control inflation.
Households Could Save $5,000 by Electrifying
Australian households could save $5,000 annually by electrifying homes and cars. Over 30 organisations will push for incentives in Canberra as part of a national campaign.
Middle East Conflict to Drive Up Australian Fuel Prices
Energy Minister Chris Bowen says Middle East conflict will inevitably push up fuel prices in Australia, despite strategic reserves of 41 days of petrol and 42 days of diesel.
Elversberg stun Leverkusen 3-2 in Bundesliga debut fairytale
SV Elversberg, from a 13,000-population town, beat Bundesliga champions Bayer Leverkusen 3-2 on their top-flight debut, marking a historic first-day win for the club.
Bhutan hosts first conscious food summit amid global crises
Delegates from 60+ countries meet in Bhutan for the world's first conscious food summit, urging a spiritual revival in food systems to counter climate and conflict threats.
Negotiation classes for girls show long-term benefits
A Zambian project teaching 12-13-year-old girls negotiation skills over 12 hours shows lasting benefits, including higher college graduation and later marriage, a decade on.
US-Venezuela oil deal sparks 'predatory', 'unconstitutional' outcry
Reports that the US seeks a direct stake in Venezuela's oilfields, containing 90bn barrels, have triggered anger among critics who call the move 'predatory' and 'unconstitutional'.
Woodside scraps emissions targets despite profit surge
Woodside Energy abandons long-term emissions and clean energy goals despite a 27% profit increase to $1.67bn, driven by oil price surges from the Iran conflict.
UK Job Vacancies Fall as Healthcare and Hospitality Hiring Drops
UK job vacancies fell in July for the first time in four months, with healthcare, hospitality, and logistics posting fewer roles, according to Adzuna.
EU border checks spark travel chaos for UK tourists
UK travellers report long queues, fingerprint failures, and visa mix-ups under the EU's new EES system, with Brussels rejecting calls to suspend it.
£100k no longer high salary: experts reveal new threshold
Financial experts say £100,000 is no longer a high salary in London, proposing new benchmarks like £154,128, due to inflation and tax traps.
Barking and Dagenham is London's loneliest borough
Barking and Dagenham ranks last in England for community connection, scoring 8/100, with 79% of residents distrusting neighbours and 10.1% reporting frequent loneliness.
US lacks courage to confront China on trade, analysis suggests
Analysis argues the US is too cautious to directly challenge China's trade practices, as a weak yuan drives Beijing's massive surplus despite White House efforts to curb imports.
Can Andy Burnham’s No 10 North Rewire Treasury to Boost Growth?
Andy Burnham plans to create a new No 10 department in Manchester to take control of growth policy from the Treasury, aiming to reduce its stranglehold on public finances and bring long-term thinking to economic policy.
Rising Inflation in Greater Manchester Challenges Burnham
New data shows Greater Manchester inflation rose to 4.2% in July, highlighting the scale of the cost-of-living crisis facing Mayor Andy Burnham as he pushes for more local powers to tackle rising prices.
Australia Real Wages Drop as Corporate Profits Surge
In every Australian industry, inflation has outpaced wage growth over the past year, while major corporations like NAB, CBA, BHP, and Rio Tinto report significant profit increases, according to Greg Jericho.
UK Gas Supply Risk: Government Urged to Act on Storage
UK faces gas shortage risk by 2030s; government interim response lacks concrete action, warns of supply crunch.
Repatriation to Africa: Key Pillar in Reparations Push
Ghana's president affirms repatriation as a right for African descendants, as Caribbean leaders seek reparations from Britain, with a new book detailing Rastafari's demand for return.
Cooling UK jobs market questions rate hikes, says ING
ING economist says cooling UK jobs market questions need for BoE rate hikes; expects rates on hold until spring, with cuts in 2027.
US gas prices hit record August high as Iran talks stall
US gas prices hit a record $4.06 per gallon in August as Iran talks stall and Trump threatens Oman. Learn about the impact on households and oil profits.
UK Productivity Gap Widens as Reeves Faces Growth Challenge
UK productivity lags behind peers by 15%, new data shows, posing a major challenge for Chancellor Rachel Reeves' growth agenda.
Australia's Housing Affordability Improves as Prices Fall
For the first time in 25 years, Australian house prices are falling due to policy changes, improving affordability significantly, with Sydney prices projected to drop 14.5%.
Six in 10 put off improving lives due to too much work
A survey finds 60% of UK adults delay life improvements due to work pressures, with many lacking energy for hobbies.
Water firms dodge bonus ban? What did ministers expect?
Water companies circumvented bonus bans via salary rises and retention pay, boosting CEO pay by 1.5% to £25.3m, as Ofwat lacks powers to stop it.
UK Emergency Power Cuts: Grid Warns of Blackouts
Britain faces emergency power cuts this winter as NESO warns of tight margins, risking blackouts and economic disruption.
Octopus urges power cuts during solar eclipse
Octopus Energy urges millions to reduce electricity use during Wednesday's solar eclipse, offering rewards to customers who delay washing and dishwashing between 6pm and 8pm.
Page 1 of 30