Australia Boosts Small Business CGT Exemptions
Australia raises CGT exemption for 2.7 million small businesses to $10m turnover threshold, amid criticism of tax reforms. Plus: ebike thefts, World Cup, and Major oak tree dies.
Category : Economy GDP
UK Job Vacancies at Five-Year Low Amid Iran War
UK job vacancies fell to the lowest in five years as businesses cut hiring amid rising costs from the Iran war. Unemployment eased to 4.9%, but wage growth stalled.
Drax Cleared After Wood Pellet Sourcing Probe by FCA
The FCA closed its investigation into Drax's sustainability claims, finding no evidence of misleading statements about wood pellet sourcing for the power plant.
Cuba's president calls for urgent economic changes
Miguel Díaz-Canel admits need to overhaul communist model, citing China and Vietnam as possible models, as US oil blockade deepens crisis.
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Two-thirds of small firms hike prices repeatedly
New data reveals two-thirds of small businesses have raised prices multiple times, with further increases expected amid persistent cost pressures.
UK Inflation Steady at 2.8%, Easing Iran War Impact Fears
UK inflation remained at 2.8% in May, defying expectations of a rise to 3%, as fuel price hikes failed to spill over into wider economy, easing fears of aggressive rate hikes.
Fed Holds Rates, UK Inflation Steady at 2.8%
US Fed expected to hold rates; UK inflation steady at 2.8% in May, easing fears of Iran war impact on cost of living.
RBA's 2% Growth Forecast Signals Rising Unemployment
Greg Jericho criticizes the RBA's view that 2% annual growth is the best Australia can do, arguing it prioritizes companies over workers and will likely increase unemployment.
Young Jobseekers Face Uncertain Future
Letters respond to an article on youth unemployment, highlighting struggles of graduates, Brexit impact, and need for government-created work opportunities.
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Brent crude dips under $80 as Iranian tankers sail again
Brent crude oil price slips below $80 per barrel for the first time since early Iran war, amid US-Iran peace deal optimism and reports of Iranian tankers resuming shipping.
UK manufacturing at risk of collapse over energy prices
A quarter of manufacturers plan to move production overseas due to energy costs twice EU average, with 1 in 10 facing insolvency within a year.
UK manufacturers: high electricity prices threaten industry
Make UK and TUC urge government to cut energy costs, warning of deindustrialisation as UK faces highest G7 electricity prices, threatening jobs and investment.
Giant's Causeway Formed in 5.5 Million Years, Study Finds
New geochronology research reveals the Giant's Causeway formed in just 5.5 million years during a major volcanic event, challenging previous estimates of 13.5 million years.
AI in Workplace: Set Boundaries, Not Just Accept Robot Takeover
As AI advances, firms must value human qualities. A new book argues we should choose which tasks to automate, not accept all tech.
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UK Forces Intercept Russian Shadow Fleet Oil Tanker
British forces intercepted a Russian shadow fleet oil tanker in the Channel. The vessel, Smyrtos, is anchored off Dorset and will be monitored for safety concerns.
Trump tariffs now a non-issue for US small businesses
A year ago tariffs dominated concerns for small businesses. Now, many owners see them as a short-term problem, with legal challenges and a resilient economy reducing their impact.
Australia's mouse plague devastates grain belt farmers
Australia's mouse plague in WA and SA grain belt is causing massive crop losses, with farmers spending thousands on baiting and awaiting the sudden end of the outbreak.
World Cup Mascots Help Peruvian Police in Drug Raid
Peruvian police dressed as World Cup mascots Maple and Clutch to arrest a football fan suspect in Lima, showcasing cross-continental crime-fighting cooperation.
New 'Citizens Advance' could give £12,500 for house deposit
A new policy proposal called 'Citizens Advance' would let young workers withdraw early pension funds for a house deposit, offering up to £12,500 to help first-time buyers.
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UK Economy Shrank 0.1% in April as Iran War Hit Growth
The UK economy contracted by 0.1% in April due to the Iran war, reversing March's 0.3% growth. Higher energy prices and global slowdown raise fears of a second-quarter recession.
Oil Prices Plunge on US-Iran Deal Hopes, Then Recover
Oil prices fell to lows not seen since early March after Trump claimed closeness to a peace deal with Iran, but later recovered as he dismissed Tehran's reports.
3M Australian Workers to Get $475 Wage Rise
Australia's Fair Work Commission awards a $475 per week increase to about 3 million minimum wage workers, effective July 1.
Thailand Tightens Visa Rules to Curb Overstays and Crime
Thailand introduces stricter visa regulations for tourists, aiming to reduce overstays and illegal activities. The new rules require proof of funds and confirmed accommodation.
Feynman's Formula Solves Holiday Restaurant Dilemma
Researchers decode Richard Feynman's handwritten notes to find a mathematical solution for when to stop searching for a better restaurant while traveling, revealing intuitive decision-making strategies.
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Morning Mail: Key Stories from Australia and Beyond
Your Tuesday briefing: top stories from Australia and around the world, including politics, business, and breaking news.
Time Inequality: A Stark New Divide in Modern Life
New research reveals profound disparities in how much free time people have, with wealth and location creating a stark 'time divide'.
Mazzucato's New Compass for a Common Good Economy
Mariana Mazzucato's new book critiques Labour's mission-led government, proposing a radical new economics of collective action around the common good.
EasyJet Slams US Takeover Bid as 'Highly Opportunistic'
EasyJet calls a potential £3bn takeover bid by US investment group Castlelake 'highly opportunistic', citing depressed share price due to Middle East tensions.
Autoworkers Hit by Tariffs as Democrats Seek Blue-Collar Votes
Autoworkers in Ohio and Michigan share stories of job losses due to offshoring and tariffs, as Democrats hold town halls to win back voters who supported Trump.
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Reeves Explores Private Funds for New Towns
Chancellor Rachel Reeves is in talks with banks and investment funds to use public-private partnerships for building new towns, aiming to speed up development and unlock economic growth.
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