After two back-to-back interest rate hikes by the Reserve Bank of Australia (RBA) in February and March, all eyes are on the next policy meeting set for May. While much attention tends to focus on current inflation, the central bank's latest decision on Tuesday highlights another concern: what people think inflation will be in the future.
WASHINGTON (AP) – Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas. But the tariffs at the core of Trump’s economic agenda have wreaked havoc on his company, Allen Engineering Corp.
Tasmania Police have released the identities of the two people on board a light aircraft that has been missing since Saturday, with the consent of their family. Gregory Vaughan, 72, and his partner Kim Worner, 66, both from Deloraine, were travelling with their dog Molly in a distinctive green Bristell S-LSA two-seater aircraft.
Soaring petrol prices are once again making many Australians think seriously about switching to an electric vehicle. As politicians warn Australians not to resort to panic buying, finding constructive ways to reduce your petrol costs has become increasingly appealing. The strikes on Iran have seen prices of Brent crude trade around US$104 (A$150) per barrel.
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected in February, driven partly by a sharp increase in food costs. The Labor Department reported Wednesday that its producer price index – which measures inflation before it hits consumers – rose 0.7% from January, and 3.4% from February 2025. The year-over-year increase was the most since February 2025.
Two southern Tasmanian men have been charged following a firearms incident in which shots were allegedly fired at homes in Gagebrook and Herdsmans Cove on August 2. The men, aged 20 and 28, remain in custody and are expected to appear in court today, August 6.
HELSINKI (AP) – Heavy social media use contributes to a stark decline in well-being among young people, with the effects particularly worrying in teenage girls in English-speaking countries and Western Europe, according to the World Happiness Report 2026 published Thursday. The report found that Finland is the happiest land in the world for the ninth year in a row.
NEW YORK (AP) - U.S. stocks slumped after a report said inflation was primed to worsen even before the war with Iran sent oil prices spiking. The S&P 500 fell 1.4% for its first loss this week. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite slid 1.5%. Treasury yields climbed in the bond market, which in turn hurt the price of gold.
The Tasmanian Government has announced a $22.5 million investment to safeguard the future of Nyrstar's Hobart smelter, securing more than 500 local jobs at one of the state's major employers. Premier Jeremy Rockliff said the funding package was a significant step in supporting Tasmanian workers.
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