Blogotariat

The Irish-language hip hop trio Kneecap is being investigated by British counterterrorism police following a controversial appearance where the group performed in front of the words “FUCK ISRAEL, FREE PALESTINE” during a music festival in the United States.

Australia’s productivity growth has averaged just 0.2% a year over the last decade. Labor’s first budget in 2022 included the assumption that productivity growth would average 1.2% over the long-term. The Coalition contends that annual GDP would be about $250 billion higher if productivity had grown at this pace, while annual tax revenue would have

The post Australia is trapped in a productivity death spiral appeared first on MacroBusiness.

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Some interesting local and Chinese reports were absorbed by markets in Asia today, with all eyes really on Friday’s US non farm payroll print and of course, any more waffles coming from the Oval Office about “deals” around Trump’s tariffs. The latest Chinese manufacturing PMI prints weren’t grim as expected but still so a sharp

The post Macro Afternoon appeared first on MacroBusiness.

"Two blackouts, one root cause:" Energy expert says Spain failed to learn lessons from South Australia blackout, and had no batteries, and no flexibility on its grid.

AEMO says capacity of wind, solar and battery storage projects queuing for connection in Australia's main grid has jumped to more than 50 GW for first time.

Origin says the first stage of what will be the country's biggest battery is working through the commissioning process.

The Albanese government announced on the weekend that it will increase the application charge on student visas from $1,600 to $2,000 if Labor is re-elected. The change will not affect arrangements for Pacific Island and Timor-Leste applicants. The visa fee increase is forecast to deliver $760 million to the budget over the forward estimates. “We

The post Increasing student visa fees is sound policy appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) has released the all-important Q1 2025 CPI inflation print. Headline inflation rose by 0.9% over the quarter and by 2.4% year over year. The result was slightly ahead of analysts’ expectations of a 2.4% annual increase. The more policy-important trimmed mean inflation printed at 0.7% in Q1 2025, in

The post Aussie inflation print greenlights May rate cut appeared first on MacroBusiness.

According to the Australian Bureau of Statistics (ABS), Victorians pay the highest state and local taxes in the nation. Victorians suffered a 40.5% increase in state and local government taxes since 2020-21, the largest increase in the nation. Victoria’s state taxes as a share of gross state product have also increased to 6.08%, the highest

The post Victoria swings axe amid “catastrophic budget” appeared first on MacroBusiness.

The composition of Australia’s international student enrolments has changed drastically over the past 20 years. In December 2005, 288,579 overseas students were studying in Australia. China (63,695) dominated enrolments, with India (24,644) in a distant second position. The Department of Education didn’t even list Nepal. Nine years later, in December 2014, 452,965 overseas students enrolled in

DXY struggles on. AUD is holding support. Lead boots plod on. Oil is pointing the way for growth. Metals meh. Mining meh. EM meh. Junk has entered autobid as equities rise. And yields fall. VIX down means stocks up with robots. Deutsche says DXY is stuffed. DB tracks two near real-time measures of US capital

The post Australian dollar rides greenback revulsion appeared first on MacroBusiness.

A better night on Wall Street due to better earnings reports and by absorbing the Canadian general election outcome. The USD was able to push back slightly against most of the majors although Pound Sterling remains at a new three year high amid the growing UK/EU detente on trade. The Canadian Loonie firmed slightly on

The post Macro Morning appeared first on MacroBusiness.