I have repeatedly labelled the Australia-United States Free Trade Agreement (AUSFTA) a terrible deal for Australia that massively favours the US and disadvantages Australia. The Crawford School of Public Policy at the ANU conducted a study of the Australia-US FTA, and found that a decade after signing, the agreement has diverted more trade than it
The jaws are getting stupid as steel prices are in free fall. This gap is destroying steel mill profitability. They are not overstocked with ore but they’ll need to run even tighter inventories soon to cut the price of inputs. The news flow is awful. The European Union will tighten steel import quotas to reduce
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DXY is maybe going to bounce. AUD got an RBA wake up call from jobs. Lead boots continue to stroll to Mar-A-Lago. Oil CTAs threatening. Sell copper before Goldman does. Big miners caput. EM meh. Junk serene is bad news for stocks. Yields eased though. As did stocks. RBA futures have nearly added three cuts
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America's big tech sector is lobbying the Trump administration to take up a new fight with the Australian government — over its rules governing social media and streaming services.
Last night saw the Bank of England and Swiss Central Bank meetings, the latter cutting while the former is looking to ease soon as concerns over the Trump Trade War continue to mount across the financial complex. Wall Street pulled back slightly while European stocks had a broader selloff albeit still near their recent highs.
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Thursday’s labour market release from the Australian Bureau of Statistics (ABS) was superficially good, with the headline unemployment rate remaining at a low 4.1% in February (4.05% in unrounded terms). This meant that Australia’s headline unemployment rate remained slightly below the Reserve Bank of Australia’s (RBA) projections. That was where the good news ended, however,
China (31.5% of total), the United States (13.0% of total) and India (8.1% of total) are the world’s three largest carbon emitters. In 2023, these three nations accounted for more than half (52.6%) of the world’s carbon emissions. As illustrated above, China and India are rapidly growing their emissions while the developed world is cutting
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Ben is joined by Ben Moffitt from Monash University to discuss the role of right-wing minor parties in federal politics, why it is so hard for them to work together, and chances in the Senate. We also discuss the seat of Hunter in New South Wales.
As we know, Australian industry has been dying for decades. So much so that we leading the OCED into industrial oblivion. Now, the death of Australian industry is at hand. Bloomberg. Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens
We face a potential global food crisis, and no one is secure until everyone is secure.
By George Monbiot, published in the Guardian 16th March 2025
I hate to sound like a prepper, but I feel bound to confess that over the past month I’ve been stockpiling food. I think, if you can, you should do the same.
