Blogotariat

A $250 million investment in sustainable fuels could tell the rest of the world that Australia is ready to turn its farm waste into flights.

The iron ore jaws remain wide. The news from the NPC is steel output cuts. The world’s largest steelmaker and consumer will “promote restructuring of the steel industry through output reduction”, according to an official report on Wednesday. “We will introduce policies and measures for resolving structural problems in key industries and end the phenomenon

The post Steel output cut appeared first on MacroBusiness.

The federal Labor Party announced its Powering Australia Plan in late 2021, promising to cut National Energy Market (NEM) wholesale power costs by $11 per MWh, from $62 to $51, by 2025. Labor bragged that its Powering Australia Plan will save Australians $275 on residential electricity bills in 2025 and $379 in 2030. According to

The post Energy costs to soar under renewables push appeared first on MacroBusiness.

The US is prepared to go to war with China if necessary, the Pentagon has announced, following Beijing’s threat of tariff retaliation in what marks another escalation in an ongoing trade war between the world’s two largest economies.

Defense Secretary Pete Hegseth clarified the US position early on Wednesday in an interview with Fox News, responding to the Chinese Embassy in the US, which said Beijing was ready to fight “any” type of war.

In 2019, the CIA proved that it had been lying to the public for decades about germ warfare in Korea when it released a trove of signals intelligence documents from the Korean War in a publication called Baptism by Fire: CIA Analysis of the Korean War.

Quinbrook unveils plans for series of massive eight-hour solar batteries to underpin giant industrial hubs and provide the engine room for green manufacturing.

The US has suspended military assistance to Ukraine, including the delivery of weapons that were already in shipment, Polish Prime Minister Donald Tusk has told journalists. Earlier, the move was reported by several US media outlets. 

“Today, a decision was announced to suspend American aid for Ukraine,”Tusk told reporters ahead of a government meeting on Tuesday. Washington has not made any official announcements on the issue. 

Wednesday’s Q4 2024 national accounts release from the Australian Bureau of Statistics (ABS) reported that the economy finally emerged from its per capita recession. The economy has finally broken the record seven consecutive quarter streak of real per capita GDP declines with a 0.1% quarterly expansion (with eight out of the last 10 quarters recording

The post Australian households are entrenched in recession appeared first on MacroBusiness.

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The post Macro Afternoon: 5 March 2025 appeared first on MacroBusiness.

Modelling suggests one of biggest threats to a reliable and affordable electricity supply in Victoria can be traced back to one man – and his mission to sink offshore wind.

A group of independent Teal MPs is calling on the federal government to index income tax thresholds to inflation. Tax reform is likely to be a major issue for the Teals in the event of a hung parliament. The tax reform plan would see all income tax brackets indexed either to inflation or a flat

The post Teals talk sense on income tax appeared first on MacroBusiness.

French renewable energy giant is holding community drop-in sessions for a proposed wind and battery project after scaling back the wind component.

The Australian Bureau of Statistics’ (ABS) annual state accounts showed that Victoria’s per capita GDP declined by 1.2% in 2023-04 and has only increased by 10.4% since the Global Financial Crisis (GFC) in 2008. This compared with a 1.0% national decline in per capita GDP in 2023-24 and a 14.5% gain since 2008. Productivity growth

The post Victoria finds new way to destroy productivity appeared first on MacroBusiness.