Trump pauses US effort to guide vessels out of Hormuz
Donald Trump has paused the US effort to guide stranded vessels out of the Strait of Hormuz to finalise an Iran deal, but the US blockade of the Iranian ports…
Islamic State-linked families to return to Australia
A cohort of Islamic State-linked families have confirmed plans to return to Australia, the home affairs minister says. In a statement, Tony Burke said the group, made up of four…
Games, chat groups targeted in terror crackdown
Spies will scour gaming platforms and social media for extremist content in a bid to clamp down on terrorist activity across Australia. The federal budget will include funding to set…
Off track: big rail project slashed after cost blowout
A major freight route designed to connect Australia’s east coast will be left half-finished after nearly tripling in cost over six years. The federal budget will include plans to pare…
Budget handout claims fuel fears of further rate pain
Treasurer Jim Chalmers must follow through on his promises of a disciplined budget or risk forcing the Reserve Bank to hike rates further, economists warn. After the RBA raised interest…
Consumers hang tough despite echoes of COVID headwinds
Australian consumers are showing resilience in the face of rising interest rates, fuel prices and other costs, according to credit agency data. Despite the headwinds, strong momentum in consumer activity…
RBA raises rate. Leaves pressure on Chalmers’ tax fiddling
As widely expected, the Reserve Bank raised its interest rate by another 0.25% points today, just in time for Jim Chalmers’ next budget. Michael Pascoe reports. The headline is the…
‘Downside risks’: warning as state debt edges to $200b
Tackling cost of living over driving down state debt has baffled the business sector and raised the eyebrows of a credit ratings agency. Handing down her second budget on Tuesday…
Anti-Semitism ‘interlaced’ with actions of Israel
Jewish Australians should not be held accountable for the actions of the Israeli government, despite most holding a strong attachment to the country itself, an inquiry has been told. Members…
Inflation, growth, rates all hinge on end to conflict
The crisis in the Middle East fanned the flames of already buoyant inflation in Australia and could lead to more interest rate pain if it isn’t resolved, the central bank…