Australia's AI Opportunity: Sovereign Wealth Fund for National Benefits
Peter Lewis argues Australia should establish an AI sovereign wealth fund, learning from Norway's oil model, to ensure public benefit from tech investments in data centres.
Category : Economy GDP
Australia's CGT and Negative Gearing: Who Benefits?
Analysis of Australia's capital gains tax and negative gearing policies, their impact on housing affordability, and who benefits most from these tax breaks.
IEA Chief: Oil Markets Entering 'Red Zone' by August
IEA's Fatih Birol warns oil markets face a severe crunch by August due to surging demand, low reserves, and reduced Middle East exports, urging a full reopening of the Strait of Hormuz.
UK Service Sector Activity Slumps in Sharpest Decline for a Decade
The UK service sector experienced one of its steepest declines in a decade in May, according to a new survey, raising concerns about the economic outlook.
Politicians Bond with Vigilantes Over Markets and Gilts
Politicians are increasingly aligning with market vigilantes, causing turmoil in gilt markets and challenging the Bank of England's independence. This shift risks long-term economic stability.
WiseTech Axes Jobs, Skips AI Mention in China Emails
WiseTech Global made staff redundant in Australia but omitted references to AI in emails sent to Chinese employees, raising questions about transparency.
Treasury's Food Price Cap Plan: A Nonsense Idea
The UK Treasury's proposal for voluntary food price caps is criticized as preposterous. Competition is working, and price controls could harm supply. M&S boss and analysts reject the idea.
Oil Prices Drop 6% as Trump Says Iran Talks in Final Stages
Oil prices fell 6% after Trump said Iran negotiations are in final stages, but analysts remain wary about supply tightness and potential further attacks.
Reeves Unveils Summer Savings: Free Bus Rides and Food Tariff Cuts
Chancellor Rachel Reeves announces free summer bus travel for children and food tariff cuts to help households amid rising costs from the Iran conflict.
Manchester Tops UK in Deprivation Reduction, Aiding Burnham
Manchester recorded the biggest fall in inner-city deprivation in Britain since 2010, according to a Centre for Cities report, boosting Andy Burnham's campaign for Labour leadership.
Australia's Unemployment Jumps to 4.5%, Reducing RBA Rate Hike Chance
Australia's unemployment rate rose to 4.5% in April, the highest in 4.5 years, giving the RBA more reason to delay a fourth interest rate hike amid inflation and economic slowdown fears.
15 Million Not Saving Enough for Retirement
The Pensions Commission warns 15 million people are not saving adequately for retirement, potentially rising to 19 million without action. Share your experience.
Germany Must Wake Up to 'China Shock 2.0' Threat
A Brussels thinktank warns Germany risks deindustrialization like the US in 2001, as China's trade surplus with Germany doubles and targets its industrial base.
Truth About Labor's Budget Changes: Death Tax Scare Debunked
Conservative media stokes unfounded fears over Labor's budget changes, including death taxes and housing collapse. The reality: no death tax, and a gas export tax could raise billions.
Labor Budget Slows Housing Market, Short-Term Slump Seen
Australia's 2026 federal budget curbs investor tax breaks, sparking buyer fear and forecasts of a national home price slump, though supply shortages may limit the fall.
CSIRO Job Cuts to Go Ahead Despite Extra Funding
CSIRO job cuts proceed despite $387M budget boost, risking climate data. Adelaide program helps homeless. Ebola outbreak fears grow. Arsenal win Premier League.
Wellington Sewage Spill Fix by November, Full Repairs by 2027
Wellington's Moa Point wastewater plant failed in February, spilling sewage into the sea. Initial repairs by November, full fix by 2027 costing NZ$53.5m.
Millions of Britons Face Retirement Crisis
A new report warns that 15 million Britons are under-saving for retirement, with the number potentially rising to 19 million without action. The crisis hits low earners and women hardest.
Supermarkets May Cap Milk, Eggs, Bread Prices Over Iran War
Amid Iran war fears, UK supermarkets may cap prices of milk, eggs, and bread to ease cost-of-living pressures, with Treasury incentives. Critics warn against 1970s-style controls.
UK Manufacturers Shift from AI to Industrial Execution
UK manufacturers are moving beyond AI adoption to focus on industrial execution, according to new research. The shift highlights a pragmatic approach to technology integration.
EU Faces New China Shock as Reliance on Imports Deepens
Europe faces a fresh 'China shock' as rising imports of components threaten to cannibalize local industries, leading to job losses and de facto colonization by Beijing.
Tax-Free Childcare: £2,000 Up for Grabs, but Claiming Is Hard
Only 580,000 of 800,000 eligible families use tax-free childcare. Learn about the system's pitfalls, from quarterly caps to complex admin and benefit interactions.
15m Britons Not Saving Enough for Retirement
A government-backed report warns 15 million people in the UK are not saving adequately for retirement, risking a severe cliff-edge. Women have half the pension savings of men.
UK Unemployment Jumps to 5% Amid Iran War Impact
UK unemployment rises to 5% as Iran war disrupts economic recovery, with weak pay growth and falling jobs, challenging Rachel Reeves' stability plans.
UK Unemployment Rises to 5% as Iran War Hits Economy
UK unemployment unexpectedly rose to 5% in March, while wage growth eased to 3.4%, as the Iran war impacts the labour market with falling vacancies and rising costs.
Ebola Spread and Containment: Expert Insights
Nearly 400 Ebola cases and over 100 deaths in DRC and Uganda. Epidemiologist Daniela Manno explains spread, containment, and concerns.
Trump Expands TrumpRx Drug Website with 600+ Generics
Donald Trump announces major expansion of TrumpRx, adding over 600 generic drugs. Experts question if the discount program truly helps patients amid complexity.
US Extends Russian Oil Waiver Amid Supply Fears
The US extends a 30-day waiver allowing purchases of Russian seaborne oil to aid energy-vulnerable countries, despite criticism from Democratic senators who call it an 'indefensible gift' to Putin.
Human Beats Robot in Sorting Challenge by 192 Packages
A factory worker defeated a robot in a 10-hour package sorting contest, processing 12,924 parcels to the robot's 12,732, but the AI CEO warned it's the last human win.
Live Frog Found in Discount Lettuce Bag in Australia
Housemates in Esperance, Western Australia, found a live frog in a sealed bag of lettuce. They named it Greg and released it into a dam, but experts warn of risks.
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