Blair's Prescription for Britain Flawed, Says Guardian's Elliott
Larry Elliott critiques Tony Blair's essay on Britain's economic woes, arguing his solutions are flawed, nostalgic, and over-reliant on AI.
Category : Economy GDP
Australia Inflation Eases to 4.2% but Rate Hike Risk Remains
Inflation dipped to 4.2% in April as fuel excise relief lowered petrol prices, but economists warn the RBA may still raise rates due to underlying price pressures.
BHP Executive Admits Decarbonisation Delay
BHP's WA iron ore head Tim Day cites slow electric truck and rail tech as reasons for stalled emissions cuts, raising concerns about Australia's climate targets.
Australia Overhauls Jobseeker Rules, Ends Endless Apps
Employment minister Amanda Rishworth announces welfare recipients will no longer face pointless job applications. Critics say privatised system still fails.
UK Economy: Growth Must Be Felt in People's Pockets
Despite growth and lower inflation, weak job data and flat living standards mean the UK recovery is not yet felt by ordinary people, warns a Guardian editorial.
Keating Slams Labor CGT Changes as 'Economic Vandalism'
Former PM Paul Keating criticizes Labor's budget, calling capital gains tax changes 'economic vandalism' that will hurt investment and housing.
Renters Could Save $20bn via Solar and Appliance Upgrades
Renters could save $20bn on bills in a decade from rooftop solar and appliance upgrades, but landlords' lack of motivation due to split incentives hinders progress.
Heavy Rain, Storms in SE Australia; El Niño Signs
Severe thunderstorms and flash flooding expected in eastern and southeastern Australia. The Bureau of Meteorology warns of heavy rainfall and possible El Niño development.
US Immigration Flights Emit Massive Carbon Emissions
Analysis shows US immigration enforcement flights produced 335,876 tonnes of CO2 in 2025, up 88% from 2024, as deportations surge under Trump.
Next Boss Warns of Fall in UK Entry-Level Jobs
Next's CEO Lord Wolfson warns of a 'dramatic fall' in entry-level jobs, with applications doubling in two years, as youth unemployment rises.
Australia to Overhaul Jobseeker Mutual Obligations
Employment minister Amanda Rishworth announces a major overhaul of Australia's employment system, easing mutual obligations and moving to a three-stream support model.
Two Teens Die in Water Incidents on Hottest Day
Two teenagers died in separate water-related incidents during record-breaking heat on Bank Holiday Monday, as temperatures reached 34.8°C in London.
UK Shop Prices to Stay High for Months Despite Ceasefire
UK consumers face persistent high prices due to Iran conflict, with 80% of firms affected and shop inflation at 1.2%, warns BRC and BCC.
Oil Nears $100 as US-Iran Peace Hopes Fade
Brent crude climbs 2.5% to $98.57 amid US strikes in Iran, dimming hopes for a peace deal. Markets remain risk-sensitive as negotiations continue in Doha.
BHP Scraps Iron Ore Plant That Would Cut Emissions by 1.7m Tonnes
BHP shelved a Pilbara beneficiation plant that would reduce steelmaker emissions by 1.7m tonnes yearly, equivalent to 350,000 cars. The project had excellent social value but marginal economics.
Leaked BHP Memo Shows Climate Backtrack
Exclusive: Leaked documents reveal BHP has delayed key decarbonisation projects in the Pilbara, including a 500MW renewables plan and electrification of truck fleets, despite earlier pledges.
Oil Below $100 on Iran Peace Hopes
Oil prices dropped below $100 a barrel amid hopes of a US-Iran peace deal, though analysts caution a return to normal flows will take months. Stock markets rose.
Record May Heat Hits France, UK, Spain; 40C Expected
Over 20 French towns record highest May temperatures; UK sets May heat record. Heat dome brings extreme early-summer heat, with Spain possibly hitting 40C by week's end.
Afternoon Update: Top Australian News Monday
Catch up with Monday's key Australian news, including political developments, economic updates, and more in this afternoon briefing.
UK Braces for Hottest May Day on Record as Temperatures Soar
The UK records its hottest day of the year at 30.5C in Kent, with forecasters predicting temperatures could reach 33C on Monday, breaking the May record of 32.8C set in 1922 and 1944.
Australia Budget Inequality Critics Say
Jim Chalmers' budget message to Australians left behind fails to tackle deep inequality, with critics arguing it lacks structural reforms to close the gap.
Weissmann Urges Law Against Political Lies Damaging Democracy
Andrew Weissmann, former FBI counsel, proposes a Truth in Elections Act to hold politicians accountable for lies that damage democracy, citing examples from Brazil and the UK.
US Gas Prices Unlikely to Normalize in 2026 Even If Iran War Ends
Experts warn US gas prices won't return to prewar levels soon even if peace is declared, citing supply chain delays and infrastructure damage.
Australia's Budget CGT Changes: Myths vs. Facts
The Australian budget proposes replacing the 50% CGT discount with an inflation-linked approach. We examine claims of massive tax bills and investor exodus.
Tracker Mortgages Surge Amid Rate Uncertainty
With fixed rates rising due to the Iran war, tracker mortgages are back in vogue. We weigh the pros and cons of trackers vs fixed deals for borrowers.
Western Europe Braces for Unprecedented May Heatwave
Western Europe faces a severe May heatwave with temperatures up to 38°C, potentially breaking records in hundreds of locations across Portugal, Spain, France, and the UK.
Meat and Masculinity: Why Australian Men Must Rethink Diets
Australian men consume excessive meat, driven by masculine stereotypes. This poses health and climate risks. Experts suggest flexible diets, not full vegetarianism.
Financial Savvy Beats Good Looks for Brits
A new survey reveals that Brits now find financial intelligence more attractive than physical appearance, with 68% prioritizing money management skills in a partner.
Julius Baer Warns Risk Review, Middle East War Hit Inflows
Julius Baer reports that a risk review and the Middle East conflict are impacting client inflows, as the Swiss wealth manager navigates geopolitical uncertainty.
Pacific Islands Hit by Oil Crisis Due to Middle East War
The Pacific region's heavy reliance on imported oil threatens economic growth and raises inflation, impacting daily life from fuel costs to food prices.
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