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The Israeli war on Iran has dominated the final session of the trading week here in Asia with all share markets finishing in the red, with a very small bid towards the USD for a safe haven bid, except gold. The Australian dollar was also finally pushed back below the 65 cent level in the

The post Macro Afternoon appeared first on MacroBusiness.

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Australia’s cafe industry is on the verge of collapse. Over the past two decades, there has been an explosion in the number of cafes operating across Australia. IBIS World estimates that more than 27,000 cafes are operating in Australia, employing 139,000 people. Competition is intense, with multiple cafes often operating at the same locations. However,

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As a programme partner, Australian businesses are supplying components for the entire F-35 fleet, not just Australian aircraft. Every F-35 built contains some Australian parts and components.

In total, more than 70 Australian companies have been awarded export contracts valued at AU$4.13 billion. These contracts will provide more than 3,000 high-tech manufacturing jobs for Australian industry.

The Victorian government has set a delusional target to deliver 95% renewable energy by 2035. These targets are legislated in the Renewable Energy (Jobs and Investment) Act 2017 (Vic), namely: 25% by 2020 (achieved) 40% by 2025 65% by 2030 (previously 50%) 95% by 2035 (new). Victoria’s renewable energy targets overlook the reality that wind

The post Victoria is headed for energy Armageddon appeared first on MacroBusiness.

For a textbook example of how Australia’s housing affordability debate has been perverted, look no further than the latest Housing Affordability Report from the Bankwest Curtin Economics Centre. Alan Duncan, Director of the Bankwest Curtin Economics Centre, penned an opinion piece in WA Today blaming a lack of supply for Australia’s housing crisis: While interest

A new rule will reward electricity market participants that offer "fast and flexible" services to stabilise grid frequency, in a fresh approach to balancing an increasingly volatile grid.

The first bursts of renewable electricity are being sent to the grid from a wind farm in Queensland, as the process of energisation and commissioning gets underway.

An autumnal weather flip has seen solar performance diverge sharply across Australia’s grid, demonstrating the role seasonal variability will play in the energy transition.

The decision by the United States to initiate a review of the AUKUS agreement might very well be the moment Washington saves Australia from itself. Saving us from the most poorly conceived defence procurement program ever adopted by an Australian Government.

Paul Keating

AUKUS: America saving us from ourselves

ABOUT 257 PEOPLE WILL SEE THIS CARTOON BY THE END OF THE DECADE... MORE THAN 2,417,871 WILL HAVE WATCHED DAVE RUBIN LAUD LOMBORG BY THE END OF THE DAY, BECAUSE DAVE HATES THE CONCEPT OF DANGEROUS GLOBAL WARMING... WE KNOW...

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Annus horribilis is a Latin phrase that means “horrible year”. While it was initially used in the year 1891 in an Anglican publication to describe 1870, the year in which the dogma of papal infallibility was defined in the Catholic Church.

The expression was brought to prominence more recently by Queen Elizabeth II in a speech at Guildhall on 24 November 1992, in describing her year. She said: “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an annus horribilis.”1

Middle East tensions are dominating risk taking here in Asia with most share markets finishing in the red, not helped by what looks like a “non-deal” deal from the ongoing US/China talks, regardless of what the Trump regime claim has come to pass. The USD continues to fall against the majors despite a very tame

The post Macro Afternoon appeared first on MacroBusiness.