As Australia's immediate fuel crunch eases after successful efforts to diversify supply, policymakers are turning their attention to dealing with the next energy security crisis. The question is, what would actually work? The Coalition this week announced a policy to double onshore reserves of liquid fuels to 60 days' supply.
WASHINGTON (AP) – A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
MELBOURNE, Australia (AP) – Australia has proposed taxing digital giants Meta, Google and TikTok a proportion of their revenue to pay for news reporters. The government released draft legislation that would create a financial incentive for the social media companies to strike deals with news organizations to pay for journalism.
The Royal Commission on Antisemitism and Social Cohesion will deliver its interim report to the governor-general by April 30. Public hearings will follow, defining antisemitism and its effects on Jewish Australians.
WASHINGTON (AP) – Defense Secretary Pete Hegseth will face a second day of grilling from Democrats on Capitol Hill, with senators getting their first opportunity on Thursday to confront or praise the Pentagon chief over his handling of the Iran war.
During a cost-of-living crisis, many Australians may be wondering if their private health insurance policy actually delivers. Rising premiums, the high costs of specialists' fees, large out-of-pocket costs and bill shock are some common concerns. So it might be tempting to look for a "no gap" and "known gap" arrangement.
In the lead-up to the May federal budget - now just a fortnight away - Treasurer Jim Chalmers has left the door open to winding back negative gearing, used by around 1.1 million investors for rental properties. The last serious attempt at reform was during Bill Shorten's federal election campaign back in 2019.
NEW YORK (AP) - The U.S stock market motored to more records as profits keep piling up for big businesses. The S&P 500 rallied 1%. The Dow Jones jumped 1.6%, and the Nasdaq composite climbed 0.9% to its own record. Alphabet led the way after reported profit for the start of 2026 that blew past analysts' expectations.
A Coalition government would boost Australia's minimum fuel reserve to 60 days, and deliver at least one billion litres of new storage with a $800 million Fuel Security Facility. The opposition, making the announcement on Monday, said the new storage capacity would have "a focus on diesel".
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