Blogotariat

American electric vehicle (EV) and battery storage giant Tesla has officially opened its Shanghai Megafactory in China, where it will produce its Megapack energy storage batteries and serve regional markets, including Australia.

You can’t have any gas. And it is beyond inefficient and climate destructive to send Aussie gas to Eruope. But Europe is getting Aussie gas to warm itself anyway. At least three vessels carrying LNG from Oman and Australia are heading west for delivery, with one sailing through the Red Sea, ship tracking data showed

The post Aussie gas sails to Europe as locals starve appeared first on MacroBusiness.

DXY is holding up as EUR falls. But AUD is squeezing higher anyway on metals mania. It can still close some gap with lead boots. That said, metals mania printed massive shooting stars across the complex. Warning to bulls. Miners are zombie stocks. EM meh. Junk is a real problem for the broader rally. Yields

The post Australian dollar unbreakable! appeared first on MacroBusiness.

The recent revelations about the US Agency for International Development’s (USAID) links to extremist groups and shady projects validate concerns long expressed by Russia, Moscow’s ambassador to the UN, Vassily Nebenzia, told the UN Security Council on Monday.

State capture was on display last week, with the contrasting treatment of two very different issues in the Federal and NSW parliaments. Andrew Gardiner reports.

A Sydney synagogue was defaced with red swastikas last month. Proposed NSW laws would raise the penalties for that amid rising political concern about antisemitism.

Realestate.com.au posted an article claiming that the price of vacant land in Victoria has risen above the cost of established homes, creating a major barrier to the Albanese government’s housing targets. Despite the median home price falling over the past two years to make Melbourne the nation’s fifth most affordable capital, new figures show the

The post It’s too expensive to build housing in Australia appeared first on MacroBusiness.

US President Donald Trump has issued an ultimatum to Hamas, demanding the release of all remaining Israeli hostages held in Gaza by midday Saturday, and warning that failure to comply would result in “all hell”breaking out.

Asian share markets are mixed in reaction to the latest round of tariff demands from King Trump with Chinese shares this time pulling back while Japanese equity markets are closed for yet another holiday. The USD remains strong against most of the undollars over the weekend gap following last weeks US jobs report with the

The post Macro Afternoon appeared first on MacroBusiness.

How does renewable energy firming work, how are we tracking with it in Australia and globally, and can it be applied to consumer energy resources too?

A bid to charge Victorian gas customers an extra $70m to cover the cost of assets stranded by electrification has been rejected, as regulator questions network company's forecasts.

Kevin07 has work cut out for him. President Donald Trump’s plan to impose 25 per cent tariffs on steel and aluminium imports has been branded an “insult” to the Australian people and America’s key security partner in the Indo-Pacific. Democratic congressman Joe Courtney, who co-chairs the Friends of Australia Congressional Caucus, singled out Australian taxpayers’

The post Offer Rudd’s head for tariff exemption appeared first on MacroBusiness.

The Westpac–Melbourne Institute Consumer Sentiment Index is out, with sentiment largely unchanged in February, edging up 0.1% to 92.2 from 92.1 in January. Westpac Consumer Sentiment Index basically unchanged in February. Firming rate cut expectations supporting a positive outlook for finances. Weaker current finances point to post–Christmas ‘hangover’. Unsettled global backdrop restraining expectations for the