Blogotariat

Friedrich Merz has been elected as German chancellor following a second Bundestag vote on Tuesday. The leader of the Christian Democratic Union (CDU) had initially fallen six votes short of the required 316-vote threshold earlier in the day, but hours later rallied conservatives and allies in the country’s parliament to win 325 votes.

Danish wind giant installs its first commercial 15MW wind turbine, the first of 64 to be installed at an offshore wind farm off the coast of Germany.

University boosts its installed solar capacity to 5.8 MW with completion of what is being described as the largest urban solar farm in the state.

The European Union, that grand and failing dream of technocrats, is dying. Its decline is not sudden or dramatic but a slow unraveling, a bureaucratic collapse in which every policy designed to sustain it only hastens its demise.

On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for March, which recorded an 8.8% monthly fall to 15,220 approvals. House approvals fell by 4.5% in March, while unit & apartment approvals fell by 15.1%. Annual approvals rose to 180,740, up 10% on the June 2024 low of 164,254. As illustrated below,

The post Australia’s housing target decimated again appeared first on MacroBusiness.

For tonight’s update, I’m going to first touch on the races I included in this morning’s post and how they have changed. Those are the seats that are conventional close races.

Then I will turn my focus to the seats where the two-candidate-preferred count has been recalibrated to a different pair of candidates. In these seats there has been some significant progress today towards resolving these seats.

https://www.youtube.com/watch?v=_oW5B0uh0n8Massive Escalation: Russia Announced that NATO Launched Preparations for Seizure of KALININGRAD

AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225                    

The post Macro Afternoon: 6 May 2025 appeared first on MacroBusiness.

I spent most of the election weekend down in Sydney, finishing a book in my hotel room and giving a talk at that architecture conference.

It went very well, thank you.

Both the talk—and, of course, the election.

It had been a while since I’d spent much time in the centre of Sydney. When I go down, I usually stay out at Bondi—my old hood. But I hadn’t been in the city proper for any serious stretch of time since the light rail went into George Street, and I was really surprised by how much of a difference it’s made to the CBD.

Like, completely transformed it.

It is one thing to have targets, it is quite another to achieve them. Chris Bowen, should he continue as climate and energy minister, has a lot on his plate.

Perth-headquartered manufacturer lands deal to supply clear solar glass for a high-rise building undergoing a $A308m facelift in the centre of Sydney.

I reported last week on the latest results from Realestate.co.nz, showing that the national average asking price of homes listed on the site declined for the second consecutive month in April to $851,746, down 3.8% from $884,995 in February. The decline in prices was attributed to a growing glut of homes listed for sale, which

The post New Zealand’s house price crash steepens appeared first on MacroBusiness.