Global Infrastructure Spending to Hit $150 Trillion by 2050
Global infrastructure spending is projected to surpass $150 trillion by 2050, driven by AI, electrification, and urbanisation, with transport and power leading investment.
Category : Economy GDP
EU Faces Record Trade Deficit with China as EV Imports Surge
China's trade surplus with the EU hit $83bn in Q1 2026, driven by soaring Chinese EV sales. Europe accounts for 42% of China's EV exports amid geopolitical tensions.
Severe Storms Threaten 50M in Midwest, Mississippi Valley
Severe storms with tornadoes, hail, and high winds put nearly 50 million at risk across the midwest and Mississippi valley after a deadly weekend in Texas.
Australia's Property Tax Breaks: A Welcome Change?
Saul Eslake argues that proposed changes to capital gains tax discounts for property investors are a welcome reform, reducing speculation and improving housing affordability.
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MacBook Pro M5 Review: Power and Battery Life
Apple's MacBook Pro M5 delivers serious performance with long battery life, featuring M5 Pro/Max chips, mini LED display, and advanced connectivity. A pricey but potent workstation laptop.
BP Profits Double Amid Iran War Oil Surge
BP reports a doubling of profits in Q1 2026, driven by soaring oil prices due to the Iran war. Stock markets react positively despite geopolitical tensions.
WPP Sales Fall 6.6% in Q1, Pressure on Turnaround Plan
WPP's Q1 revenue fell 6.6% to £3bn, with revenue less pass-through costs down over 8%. CEO Cindy Rose cites momentum for Elevate28 plan, aiming for £500m savings by 2028.
FTSE 100 Flat as Oil Edges Higher; Barclays, BP Earnings
Oil prices hit three-week highs near $110 amid stalled Middle East peace talks and US seizure of Iranian-linked tankers. Markets await Barclays and BP earnings.
Australia's Southeast Set for Drier, Hotter Winter as El Niño Looms
Australia's southeast faces a drier, hotter winter as El Niño develops. Queensland and NSW may see below-average rainfall from May to July 2026.
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Torrential Rain in Southern China Sparks Flood Fears
Heavy rain hits southern China, with up to 200mm expected. India faces 45C heat. Nigeria floods, Canada cold snap. Details inside.
LPG Cars Make a Comeback Amid Fuel Crisis in Australia
As petrol and diesel prices soar, LPG-fuelled cars are gaining renewed interest in Australia, offering cheap fuel and nostalgia for locally made vehicles.
Reform UK Revises 'Britannia Card' Plan for Investors
Robert Jenrick reveals Reform UK is improving its 'Britannia Card' proposal to lure wealthy investors and young talent, addressing criticism over costs.
Savvy the Squirrel Campaign Faces City Criticism
The UK government's 'Invest for the Future' campaign, featuring Savvy the Squirrel, faces criticism for lacking investment details and high fees of involved firms.
Reeves Plans Growth Push as Labour Faces Election Fears
Chancellor Rachel Reeves is set to unveil a new growth push after local elections, focusing on fiscal discipline, EU ties, and planning reforms to boost the economy.
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FTSE 100 to Dip as Oil Prices Spike on Iran Talks Failure
Oil prices hit a three-week high after Iran peace talks collapse, with Brent crude rising 2% to over $107. Markets brace for volatility as investors grow sceptical.
Guaranteed Hours Rules 'Would Threaten Jobs'
Four leading trade bodies warn that Labour's guaranteed hours policy could increase unemployment and reduce opportunities for young workers, urging the government to water down the measure.
UK Faces Higher Prices for 8 Months After Iran War
Darren Jones warns UK consumers of prolonged higher costs for energy, food, and flights due to the Iran conflict, with impacts lasting eight months after resolution.
Australia News Live: Fuel Crisis, Cost of Living, Budget
Penny Wong addresses fuel crisis amid cost-of-living pressures. Budget debate heats up as Jim Chalmers faces criticism. ANZAC Day events and Welcome to Country spark controversy.
Cheapskate London: Free Events Newsletter Thrives
Discover how Cheapskate London newsletter curates free events, helping young Londoners enjoy the city on a budget during the cost of living crisis.
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US Oil and Chinese Solar Win in Iran War
A record number of supertankers head to the US as the Iran war reshapes global energy, boosting American oil and Chinese solar dominance.
WH Correspondents' Dinner Ends in Gun Violence
A man was apprehended at the Washington Hilton after shots were fired near the White House correspondents' dinner, highlighting the rise of political violence in the US.
Why Black Truffles Thrive in Australia
Scientists identify environmental factors behind Australia's black truffle success, including reduced fungal competition, offering insights for growers.
Queensland Renewable Energy Investment Plunges After Policy Shift
Queensland's renewable energy investments crashed from 3,202 MW in 2024 to 510 MW in 2025 after the new LNP government repealed targets and extended coal plant operations.
Middle East War Reshapes Australian Spending Habits
Australians are cutting back on driving, healthcare, and home goods as the Middle East conflict drives up costs, with shifts toward cheaper alcohol and increased anxiety.
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Iran War Impact on UK Cost of Living to Last Over 8 Months
Cabinet minister Darren Jones warns Brits face over eight months of higher prices for food, fuel, and travel due to Iran war and Strait of Hormuz closure.
UK Economy May Suffer Eight Months After Iran War Ends
Darren Jones warns that surging food and energy prices from the Iran conflict could persist for over eight months, blaming Donald Trump's actions for the economic fallout.
Victoria Car Rebate, Cost of Living, Fuel Crisis Updates
Follow live updates on Victoria's car registration rebate, cost of living pressures, fuel crisis, and political reactions from Angus Taylor, Albanese, and Chris Bowen.
UK Steps Up Business Support Over Iran War
The UK government is ramping up efforts to offset the Iran war's impact on businesses, focusing on energy prices and new contingency plans.
Will I Ever Retire? It Doesn't Look Like It
Retirement feels like a fantasy for many, especially with inflation and automation. Yet some wealthy individuals avoid it, clinging to work and identity.
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California Wildlife Bridge Nears Completion Amid Backlash
Despite conservative critics calling it a 'bridge to nowhere,' the Wallis Annenberg Wildlife Crossing in California is set to open in December, providing safe passage for wildlife over a busy freeway.
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