IEA: Global Oil Inventories Falling at Record Pace
The IEA warns global oil stocks are declining at a record pace due to supply losses from the Iran war, with inventories falling by 129 million barrels in March and 117 million in April.
Category : Economy GDP
WA Gas Exports Risk Slowing Asia's Clean Energy Shift
Documents show WA gas risks slowing Asia's clean energy shift. WA emissions up 17% since 2005, while other states cut pollution. Albanese government faces climate target challenges.
Deloitte: Gen Z and Millennials delaying milestones
Deloitte survey reveals 40% of UK Gen Z and Millennials are putting off marriage, children, and career due to cost of living, living 'payslip to payslip'.
Budget 2026: Labor's Ambitious Politically Risky Changes
Matilda Boseley breaks down the key measures in Labor's 2026 budget, highlighting ambitious yet politically risky policy changes and their potential impact on Australians.
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Letters: Shredding, Utilities, Voting, Bus Seats
Readers discuss the joy of shredding paperwork, nationalising utilities, voting rights for EU citizens, bus seat etiquette, and Shirley Porter's legacy.
Australia 2026 Budget: Bold Tax Reform Targets Housing
Australia's 2026 federal budget introduces major tax reforms targeting housing inequity, including changes to negative gearing and capital gains tax, but may fall short for younger Australians.
Australia Budget 2026: Major Housing Tax Reforms Unveiled
Australia's 2026 federal budget introduces sweeping changes to negative gearing, capital gains tax, and trusts, aiming to improve housing affordability and intergenerational fairness.
2026 Budget: Major CGT Reform for Housing Affordability
Australia's 2026 federal budget introduces landmark capital gains tax and negative gearing reforms, aiming to improve housing affordability. However, cuts to the NDIS and lack of gas tax raise concerns.
2026 Australian Budget: Impact on Each Generation
Guardian Australia writers analyze the 2026 federal budget's overhaul of capital gains tax and negative gearing, assessing intergenerational fairness for Gen Z, millennials, gen X, and boomers.
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US Inflation Jumps to 3.8% as Iran War Drives Up Prices
US inflation hit 3.8% in April, the highest since 2023, driven by energy costs from the Iran conflict. Gas prices rose 28.4%, and airfares surged 20.7%.
Solar Flare to Hit Earth Tomorrow: Power Outages?
A major solar flare will brush past Earth tomorrow, potentially causing northern lights and minor blackouts. Experts say G1 storm likely, not severe.
Life After Starmer: What a New Labour PM Means for Your Finances
As Keir Starmer faces calls to resign, frontrunners Burnham, Rayner, and Streeting propose tax hikes and spending increases that could impact your money and the bond market.
Imperial Brands Warns Iran War May Impact Costs and Demand
Imperial Brands warns the Iran conflict may raise costs and dampen consumer demand, despite strong pricing and NGP growth in H1.
Beta Mums: Laid-Back Parenting Replaces Helicopter Style
The era of helicopter parenting may be ending as Beta Mums embrace a more relaxed, less competitive approach to raising children, influenced by AI and a shift away from knowledge-based economy anxiety.
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Dry April Sparks Drought Fears in Southern England
One of the driest Aprils on record for central and southern England leaves river levels low, raising drought concerns for summer despite reservoir stability.
BuzzFeed Sold to Byron Allen for $120m; CEO Steps Down
BuzzFeed has been sold to media entrepreneur Byron Allen for $120m. Allen will replace founder Jonah Peretti as CEO, with significant cost cuts expected.
Jim Chalmers Budget Challenges Global Pressures
Australian Treasurer Jim Chalmers navigates budget constraints with global economic pressures, as cartoon illustrates political and fiscal hurdles.
UK Households Cut Spending Amid Iran War Fears
UK households reduced spending in April as rising geopolitical tensions and economic uncertainty led to cautious consumer behavior, according to Barclays credit card data.
Greggs Chicken Roll Boosts Sales, Inflation Warning
Greggs reports 3.3% sales growth driven by new chicken roll, but warns of food inflation risks from Middle East conflict. Plans 120 new stores in 2026.
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Fish and Chips Unaffordable Luxury Signals Economic Shift
As energy prices soar due to the Strait of Hormuz closure, fish and chips become a luxury, reflecting permanent consumer habit changes and political instability.
Barclays Card Spending Falls for First Time in 18 Months
Barclays credit card spending fell 0.1% year-on-year in April, the first drop since November 2024, as consumers cut non-essential spending amid global economic turmoil and Middle East conflict.
Somalia's Worthless Shillings: Poor Suffer as Banknotes Rejected
Somalia's currency crisis deepens as businesses reject tattered shillings, pushing up prices and devastating the poorest, who rely on cash for survival.
UK Cost of Living Crisis: Consumer Confidence Plunges
A PwC survey reveals UK consumer confidence fell sharply in April, with 90% worried about the cost of living and 80% planning spending cuts as fuel costs rise.
Norway Pauses UNEP Funding, Threatening Plastics Treaty
Norway, the largest donor to the UN Environment Programme, has paused funding, raising concerns for the already troubled global plastics treaty negotiations.
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Investor Tax Changes Won't Hurt Housing Supply or Rents
Analysis shows Victoria's investor tax hike didn't reduce rental supply or spike rents, but helped first-home buyers. Australia's planned reforms could follow suit.
Australia: 14 Homeless Die Yearly in Parks, Baby Death Sparks Outrage
Analysis reveals 14 rough sleepers die annually in Australian parks and countryside. Recent deaths of a baby, young mother, and student prompt calls for more social housing investment.
UK Living Wage Campaign Celebrates 25th Anniversary
The UK Living Wage campaign celebrates 25 years, from east London origins to signing up the Department for Business and Trade, now targeting private care and supermarkets.
Saudi Aramco Profits Surge 26% Despite Regional Conflict
Saudi Aramco's Q1 profits jumped 26% to $33.6bn, boosted by its east-west pipeline bypassing the Strait of Hormuz amid US-Iran war.
P&O Ferries Adds £50 Surcharge Due to Iran War Fuel Costs
P&O Ferries hikes prices with up to £50 surcharges as Iran war drives fuel costs, sparking criticism from rivals and holidaymakers.
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Trump Media Losses $406M in Q1, Revenue $870K
Trump Media and Technology Group lost nearly $406 million in Q1 2026, with revenue of only $870,000. Losses stem from $3.5B in bitcoin buys during 2025 surge.
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