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The Latest Breaking News from Luke Yeaman

RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher

Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economy

The Guardian - AU

Hopes of wartime windfall shot down for federal budget

The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.

AAP

Treasurer downplays property tax windfall from budget

Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing and the capital gains tax discount will add to the budget.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

Australia last rationed fuel in the 1970s. Could we do it again?

As oil prices skyrocket, analysts believe the disruption to the global supply will last months, not weeks. So what other options are there?

The Guardian - AU

Donald Trump trashed global economic orthodoxy. A year on, did he leave Australia a winner or loser?

While tariffs have been ‘all show and no substance’, economists fear an AI investment bubble and tensions in the South China Sea, along with Trump’s attacks on the Federal Reserve’s independence

The Guardian - AU

China’s economy hit growth target last year despite Trump trade war and property crisis

Economy weathered a fraught geopolitical landscape to reach 5% goal but domestic structural challenges ‘not going away’, say experts

The Guardian - UK

The world dropped the ball on critical minerals and China pounced. Is it too late for Australia and the US to close the gap?

In the wake of Covid, Russia’s invasion of Ukraine and China’s assertion in global markets, western countries have realised they can’t afford such concentrated supply chains

The Guardian - AU

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Jim Chalmers’ budget victory lap outpaces reality as Australia’s debt continues to climb

The treasurer celebrated an outcome that could have been worse, but a structural challenge remains as workers are left with the burden of repair

The Guardian - AU

How do we decide if a tax is good or bad? And which ones are ‘damaging’ Australia’s economy?

Experts say stamp duties and income taxes have a much higher burden than more efficient policies, such as GST

The Guardian - AU

Back-to-back rate cuts tipped when Reserve Bank meets

The Reserve Bank of Australia's interest rate meeting is set to take top billing as markets expect the board to hand down another cut.

AAP

Major tax reform probably 'a bridge too far': CBA

The federal government will find wholesale tax reform hard to achieve at its roundtable but planning changes could be more manageable, says a leading economist.

AAP

Plans to help more into 'disaster' housing market

Aspiring homeowners could secure a cheaper mortgage and lower deposit by letting the government take a stake, but Peter Dutton questions whether they want to.

AAP

Treasury backs intervention in Australian energy market to ‘quickly’ reduce prices

‘War-driven price shocks’ signal possible need for government intervention to address energy costs, Treasury secretary says

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