Mistiming energy transition could prove a costly lesson
Households can expect electricity prices to fall over the next five years but drift higher through the 2030s unless renewables roll out faster. The all-important time frame was revealed in…
India revokes order to preload govt app after outcry
India’s government has scrapped an order to smartphone makers to preload a state-run cybersecurity app on all new devices after an outcry from politicians, privacy advocates and global tech companies…
Cyclone-hit coastal town blows away house value gains
A town hammered by a cyclone has delivered the strongest house value gains for the year to date, while Sydney’s premium suburbs remain the nation’s highest-value markets. Kalbarri, a West…
Higgins ‘can breathe again’ after Lehrmann appeal loss
Brittany Higgins feels as if she can “breathe again” after Bruce Lehrmann lost his high-profile appeal against a defamation decision that found he raped her. The disgraced former Liberal staffer…
‘Fragile’ consumers not ready for interest rate hikes
What did Wednesday’s economic growth figures tell us about the likely path of interest rates? If financial markets are anything to go by, not much. Yes, the Australian economy’s growth…
Australia announces $95 million aid package for Ukraine
Australia and New Zealand are set to become the first non-NATO countries to contribute funds to buy critical military equipment for Ukraine as part of a new $95 million package.…
Aussie social media ban complaints lost in digital void
Australia’s telecommunications referee is bracing for a barrage of complaints after the social media age ban begins even though it will be powerless to address them. The Telecommunications Industry Ombudsman…
Iran’s currency at new low as sanctions squeeze economy
Iran’s rial currency has fallen to a new low of 1.2 million to the US dollar as nuclear sanctions squeeze Tehran’s ailing economy. Traders offered the new exchange rate on…
‘Trust’ to drive stalled East Timor gas project
East Timor’s president is confident that what he describes as a new era of goodwill between his country, Canberra and Australia’s Woodside Energy will finally unlock the development of a…
EU agrees to ban Russian gas imports by late 2027
The European Union has agreed to phase out Russian gas imports by late 2027 as part of an effort to end the bloc’s decade-long dependency on Russian energy. Representatives for…